Top Affordable Housing Markets to Consider for Homebuyers in 2024

Looking to buy a home in 2024? The housing market has been challenging, but there are cities that offer affordable options and a better quality of life. Realtor.com has identified the top housing markets worth considering for homebuyers. These cities not only have lower median home prices but also provide access to amenities and a favorable living environment. Let's explore these affordable housing markets and why they are attracting attention.

Chicago-Naperville-Elgin, Illinois, Indiana, and Wisconsin

Discover the affordable housing market in the Chicago-Naperville-Elgin area and why it's worth considering for homebuyers in 2024.

Chicago-Naperville-Elgin in Illinois, Indiana, and Wisconsin is a housing market that offers affordable options for homebuyers. With a median listing price of $382,833, this area provides a better quality of life at a lower cost compared to the national average.

Many homebuyers in Chicago are looking for 'in-town' properties, such as condos near the center of the city. These properties can be set up as short-term rentals or timeshare arrangements, allowing homeowners to enjoy all the attractions the city has to offer.

If you're seeking an affordable housing market with access to big-city amenities and a vibrant lifestyle, Chicago-Naperville-Elgin is worth considering for your homebuying journey.

Atlanta-Sandy Springs-Alpharetta, Georgia

Explore the Atlanta-Sandy Springs-Alpharetta housing market and why it offers a great value for homebuyers in 2024.

Atlanta-Sandy Springs-Alpharetta in Georgia is a housing market that provides a great value for homebuyers. With a median listing price of $430,313, this area offers more square footage for every dollar compared to the national market.

Home shoppers in Atlanta can enjoy a lower list price per square foot, allowing them to get more space for their budget. Whether you're looking for a spacious home or an investment property, Atlanta-Sandy Springs-Alpharetta has options to suit your needs.

Discover the affordability and value of the Atlanta housing market and make it your next destination for homeownership.

Myrtle Beach-Conway-North Myrtle Beach, South Carolina

Find out why the Myrtle Beach-Conway-North Myrtle Beach area is an attractive housing market for homebuyers in 2024.

Myrtle Beach-Conway-North Myrtle Beach in South Carolina is a coastal metro area that offers affordable housing options. With a median listing price of $355,228, this area provides a great opportunity for homebuyers looking for a beachside lifestyle.

While home prices in this area dipped in late 2022, they have been on the rise since March. This indicates a positive trend and potential for future appreciation in property values.

Explore the Myrtle Beach-Conway-North Myrtle Beach housing market and discover the charm of coastal living combined with affordability.

Dallas-Fort Worth-Arlington, Texas

Learn why the Dallas-Fort Worth-Arlington area is one of the best places to buy a house in 2024.

Dallas-Fort Worth-Arlington in Texas is a housing market with continuous expansion and growth. With a median listing price of $461,458, this area is expected to be one of the fastest appreciating markets in the coming years.

Homeowners in Dallas can expect their properties to increase in value, making it a wise investment choice. Additionally, the city offers diverse options, a bright future, and access to a mid-to-large-size city.

Discover the opportunities that await in the Dallas-Fort Worth-Arlington housing market and make it your next destination for homeownership.

Minneapolis, Minnesota - St. Paul-Bloomington, Wisconsin

Explore the affordable housing market in the Minneapolis-St. Paul-Bloomington area and why it's worth considering for homebuyers in 2024.

Minneapolis, Minnesota - St. Paul-Bloomington in Wisconsin is a housing market that offers affordability compared to the national average. With a median listing price of $452,832, this area is priced 5% below the national average in terms of square footage.

Homebuyers in Minneapolis can enjoy more space for their budget, making it an attractive option for those looking for affordable housing. Whether you're a first-time buyer or looking to upgrade, Minneapolis-St. Paul-Bloomington has something to offer.

Discover the charm of the Minneapolis-St. Paul-Bloomington housing market and find your dream home in this affordable and vibrant area.

Phoenix-Mesa-Chandler, Arizona

Find out why the Phoenix-Mesa-Chandler area offers a relatively more affordable housing market compared to other big western metros.

Phoenix-Mesa-Chandler in Arizona is a housing market that provides a relatively more affordable option compared to other big western metros like San Francisco and Los Angeles. With a median listing price of $536,600, this area offers a warm and sunny climate along with a favorable housing market.

Despite being the priciest among the markets on our list, Phoenix still offers a more affordable housing market when compared to other big western metros. This makes it an attractive destination for homebuyers seeking a balance between affordability and a desirable climate.

Discover the beauty and affordability of the Phoenix-Mesa-Chandler housing market and make it your next place to call home.

Kansas City, Missouri and Kansas City, Kansas

Explore the housing market in Kansas City, Missouri and Kansas City, Kansas, and why it's a great place to buy a house in 2024.

Kansas City, Missouri and Kansas City, Kansas offer an affordable housing market for homebuyers. With a median listing price of $434,292, this area outperformed and replaced St. Louis in the third quarter of 2023.

Homebuyers in Kansas City can enjoy a stable housing market with reasonable prices. Whether you're looking for a suburban neighborhood or a vibrant urban setting, Kansas City has options to suit your preferences.

Discover the charm and affordability of the Kansas City housing market and find your dream home in this thriving area.

Memphis, Tennessee

Discover why Memphis, Tennessee is the most affordable metro market in the state and a great place to buy a home in 2024.

Memphis, Tennessee is the most affordable metro market in the state, making it an attractive option for homebuyers. With a median listing price of $318,650, this area provides stable home prices and a favorable housing market.

While Nashville saw prices increase faster in recent years, Memphis offers stability and a more affordable option for homebuyers. Whether you're a first-time buyer or looking to relocate, Memphis has something to offer.

Discover the affordability and charm of the Memphis housing market and find your perfect home in this vibrant city.

Tampa-St. Petersburg-Clearwater, Florida

Explore the housing market in the Tampa-St. Petersburg-Clearwater area and why it's an appealing destination for homebuyers.

Tampa-St. Petersburg-Clearwater in Florida offers an attractive housing market for homebuyers. With a median listing price of $443,581, this area may have higher price tags, but it also offers a warm climate and a desirable lifestyle.

Previous research has shown that climate plays a key role in people's relocation preferences, and Tampa's warm weather makes it an appealing destination. Whether you're looking for a beachside retreat or a vibrant city atmosphere, Tampa has options to suit your lifestyle.

Discover the beauty and allure of the Tampa-St. Petersburg-Clearwater housing market and find your dream home in this sunny paradise.

Charlotte-Concord-Gastonia, North Carolina and South Carolina

Learn why the Charlotte-Concord-Gastonia area is an attractive housing market for homebuyers in 2024.

Charlotte-Concord-Gastonia in North Carolina and South Carolina is a housing market that offers affordability and a great quality of life. With a median listing price that is below the national average, this area provides an opportunity for homebuyers to find their dream home at a reasonable price.

Whether you're looking for a bustling city atmosphere or a suburban neighborhood, the Charlotte-Concord-Gastonia area has options to suit your preferences. Enjoy the charm of the Carolinas and make it your next destination for homeownership.

Discover the affordable and vibrant housing market of Charlotte-Concord-Gastonia and find your perfect home in this thriving area.

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