by Vastu Krupa Estate 
Homeownership is becoming increasingly unattainable due to rising home prices. Visit GOBankingRates to explore their ideas and tips on how to make your dream of owning a home come true despite rising market prices. Rising home values can snappily transition a reasonable casing request into the type of real estate monster that has consumed places like the San Francisco Bay Area and New York City. While the idea of affordable casing in a civic center is not inconceivable for the plenitude of Americans living in some areas, that is fleetly changing in numerous places. GOBankingRates conducted a study to determine which major U.S. metropolises are on track to lose their marker of affordability. GOBankingRates took the overallU.S. median home value and projected its growth over 10 times using Zillow’s September 2022- 23 one-time cast. This protuberance was also compared to the protrusions of 537U.S.Â
Metropolises that presently have home prices below the public standard of$,026, with those surpassing the public standing in the coming 10 times( plus its projected growth rate over the same period) being supposed” not affordable.”Â
GOBankingRates notes that projecting into the future grounded on a single time’s growth rate might paint an illegal picture in requests where the current rate is an anomaly. also, Zillow’s estimated home values do not inescapably reflect the list prices or trade prices in each request. Still, relating the areas that are outpacing the public normal for growth can help exfoliate light on the metropolises where you should buy a home sooner rather than later. However, you might want to check out other metropolises with the further affordable casing, If you end up living in one of these metropolises 10 times down the line.
Affordable Homes in Those cities
Roseburg, Oregon, located in the Hundred Valleys of the Umpqua in southwestern Oregon, is known for its seasonal, but pleasant temperatures.
With a current August 2022 home value of $321,807 and a one-year projected growth rate of 20.4%, it’s among the cities in the U.S. that are at risk of losing their affordability.
According to GOBankingRates‘ study, Roseburg is projected to become too expensive in 2023, with a projected home value of $387,456. This projection is higher than the U.S. median projected home value of $382,019, representing a difference of $5,437. By 2032, Roseburg’s projected home value is expected to reach $2,059,967.
If you’re considering buying a home in Roseburg, it may be wise to act sooner rather than later to avoid the risk of losing affordability. Alternatively, if you’re seeking more affordable housing options, you may want to consider other cities that are projected to remain affordable in the coming years.
Auburn, Alabama, located in the eastern part of central Alabama, is home to Auburn University and is known for its proximity to vacation spots along the Gulf of Mexico.
With a current August 2022 home value of $321,643 and a one-year projected growth rate of 19.4%, it’s one of the U.S. cities that are at risk of losing their affordability.
According to GOBankingRates’ study, Auburn is projected to become too expensive in 2023, with a projected home value of $384,042. This projection is slightly higher than the U.S. median projected home value of $382,019, representing a difference of $2,023. By 2032, Auburn’s projected home value is expected to reach $1,894,163.
If you’re considering buying a home in Auburn, it may be wise to act sooner rather than later to avoid the risk of losing affordability. Alternatively, if you’re seeking more affordable housing options, you may want to explore other cities that are projected to remain affordable in the coming years.
Arkansas, known for being a college town and home to the University of Arkansas, has an August 2022 home value of $307,909 with a one-year projected growth rate of 23.1%. While it may be an affordable city now, it’s on track to become more expensive in the coming years.
According to GOBankingRates’ study, Fayetteville is projected to become too expensive in 2024, with a projected home value of $466,593.
This projection is higher than the U.S. median projected home value of $448,108, representing a difference of $18,485. By 2032, Fayetteville’s projected home value is expected to reach $2,460,384.
If you’re considering buying a home in Fayetteville, it’s essential to keep in mind that its affordability is at risk of diminishing. However, it’s also worth noting that Fayetteville has many appealing qualities, such as being a college town with a rich history. You may want to weigh these factors carefully before deciding on whether to purchase a home in Fayetteville.
a city of over 192,000 people, has an August 2022 home value of $299,342 with a one-year projected growth rate of 23.1%. It’s a diverse city that celebrates many ethnicities through festivals and cultural events. Knoxville is also home to the University of Tennessee and the Knoxville Ice Bears professional hockey team.
However, according to GOBankingRates’ study, Knoxville is projected to become too expensive in 2024, with a projected home value of $453,611. This projection is slightly higher than the U.S. median projected home value of $448,108, representing a difference of $5,503. By 2032, Knoxville’s projected home value is expected to reach $2,391,928.
If you’re considering buying a home in Knoxville, it’s important to keep in mind that its affordability is at risk of diminishing. However, Knoxville’s natural surroundings and diverse culture may be significant factors to consider when weighing the potential benefits and drawbacks of purchasing a home in this city.
Dallas, Texas, is a vibrant city with a population of 1.3 million residents. As the third-largest city in Texas and the ninth-largest in the United States, Dallas is renowned for its many firsts, including the nation’s first planned shopping center (Highland Park Village Shopping Center), the first convenience store (7-Eleven), and the invention of the frozen margarita and precursor to the microchip.
As of August 2022, the median home value in Dallas is $308,661, and the one-year projected growth rate is 22.4%. However, with the rapid growth of the city, it’s expected that home prices will continue to rise. By the year 2024, the projected home value in Dallas will reach $462,429, which is higher than the U.S. median projected home value of $448,108. This indicates that Dallas will become more expensive compared to other cities in the country.
In 2032, the projected home value in Dallas is expected to reach $2,329,678. This massive increase in home values highlights the potential for lucrative investment opportunities in the Dallas real estate market. So, if you are looking to invest in real estate, it’s a good idea to consider Dallas as a viable option.
6) Tucson, Arizona,
Tucson, Arizona, is a beautiful city located an hour north of the border with Mexico. It is famous for its vibrant culture and excellent Mexican food, which is widely considered to be some of the best in the United States. The city’s 12th Avenue is a great place to start your culinary journey and explore the famous “Best 23 Miles of Mexican Food.”
As of August 2022, the median home value in Tucson is $307,232, with a one-year projected growth rate of 21.5%. With such impressive growth, it’s clear that Tucson’s real estate market is booming. However, with such growth, home prices are expected to continue rising, and buying a home in Tucson may become too expensive.
According to projections, the median home value in Tucson is expected to reach $453,544 by the year 2024. This is higher than the U.S. median projected home value of $448,108, indicating that Tucson may become more expensive compared to other cities in the country.
In 2032, the projected home value in Tucson is expected to reach $2,153,918, indicating that the Tucson real estate market may continue to offer lucrative investment opportunities. If you’re considering investing in real estate in Tucson, now may be a good time to act, as prices are projected to continue increasing.
Pueblo, Colorado, is a beautiful city with a population of around 112,000 people. It is located along the Arkansas River in Colorado, which once marked the boundary between the United States and Mexico. Pueblo is also famous for hosting the Colorado State Fair, which has been held annually since 1872.
As of August 2022, the median home value in Pueblo is $291,995, with a one-year projected growth rate of 22.6%. This indicates that the Pueblo real estate market is thriving and attracting much interest from homebuyers and investors.
However, with the rapid growth of the city and increasing demand for housing, home prices are projected to continue rising. By the year 2025, the projected home value in Pueblo is expected to reach $538,080, which is higher than the U.S. median projected home value of $525,631. This suggests that Pueblo may become more expensive compared to other cities in the country.
In 2032, the projected home value in Pueblo is expected to reach $2,240,166, highlighting the significant potential for lucrative investment opportunities in the Pueblo real estate market. If you’re considering investing in real estate in Pueblo, it’s a good idea to act sooner rather than later, as prices are expected to continue increasing.
Fort Worth, Texas, is a bustling city with a population of about 920,000 people. The city has experienced significant growth over the past decade, with over 175,000 people added between the censuses of 2010 and 2020. One interesting fact about Fort Worth is that 60 percent of America’s paper money is printed at the U.S. Bureau of Engraving and Printing Western Currency Facility located in the city.
As of August 2022, the median home value in Fort Worth is $292,963, with a one-year projected growth rate of 22.4%. This suggests that the Fort Worth real estate market is thriving and attracting much interest from homebuyers and investors alike.
However, with such growth and increasing demand for housing, home prices in Fort Worth are expected to continue rising. By the year 2025, the projected home value in Fort Worth is expected to reach $537,226, which is higher than the U.S. median projected home value of $525,631. This suggests that Fort Worth may become more expensive compared to other cities in the country.
In 2032, the projected home value in Fort Worth is expected to reach $2,211,195, indicating that the Fort Worth real estate market may continue to offer lucrative investment opportunities. If you’re considering investing in real estate in Fort Worth, now may be a good time to act, as prices are projected to continue increasing.
Lakeland, Florida, is a city located along Interstate 4 between Tampa and Florida? With 38 named lakes within its 74.4 square miles, Lakeland is aptly named. As of August 2022, the median home value in Lakeland is $263,818, with a one-year projected growth rate of 25.6%.
This suggests that the real estate market in Lakeland is thriving and that the city is attracting a lot of interest from homebuyers and investors. However, with such growth and increasing demand for housing, home prices in Lakeland are expected to continue rising.
By the year 2026, the projected home value in Lakeland is expected to reach $656,543, which is higher than the U.S. median projected home value of $616,565. This suggests that Lakeland may become more expensive compared to other cities in the country.
In 2032, the projected home value in Lakeland is expected to reach $2,577,513, indicating that the Lakeland real estate market may continue to offer lucrative investment opportunities. If you’re considering investing in real estate in Lakeland, now may be a good time to act, as prices are projected to continue increasing.
Daytona Beach, Florida, is famous for being the home of the Daytona International Speedway and the Daytona 500, but it’s also a city that offers visitors the chance to drive slowly along designated areas of the 23-mile-long white-sand beaches. As of August 2022, the median home value in Daytona Beach is $258,118, with a one-year projected growth rate of 25.5%
This suggests that the real estate market in Daytona Beach is booming and that the city is attracting a lot of interest from homebuyers and investors. However, with such growth and increasing demand for housing, home prices in Daytona Beach are expected to continue rising.
By the year 2026, the projected home value in Daytona Beach is expected to reach $640,314, which is higher than the U.S. median projected home value of $616,565. This indicates that Daytona Beach may become more expensive compared to other cities in the country.
In 2032, the projected home value in Daytona Beach is expected to reach $2,501,817, suggesting that the Daytona Beach real estate market may continue to offer profitable investment opportunities. If you’re considering investing in real estate in Daytona Beach, it may be wise to act sooner rather than later, as home prices are projected to continue increasing.
11. Yuma, Arizona,
Yuma, Arizona, As of August 2022, the home value in Yuma, Arizona is $266,546 and it is projected to grow at a rate of 24.1% over the next year. Based on these projections, it will become too expensive in the year 2026 when the projected home value is $632,207. At that time, the difference in value between the projected home value and the U.S. median projected home value of $616,565 will be $15,642. By 2032, the projected home value in Yuma is expected to reach $2,309,351.
Note that the projected growth rate for Crossville, Tennessee is very high at 24.1%, which may need to be revised over the long term.
When it Will Become Too Expensive
Year: 2026
Projected home value: $623,526
U.S. median projected home value: $616,565
The difference in value: $6,961
2032 projected home value: $3,614,525
13.Pocatello,
According to the study by GOBankingRates, Pocatello, Idaho is projected to become too expensive for the average homebuyer by 2026. With an August 2022 home value of $289,072 and a one-year projected growth rate of 21.6%, the projected home value for Pocatello in 2026 is $632,034. This exceeds the projected U.S. median home value of $616,565 by $15,469.
