“Relative affordability” is here

The other day we spoke about how many of the most affordable markets are in the Midwest. Taking things a step further, let’s see how smaller regional markets are offering better value than the higher-priced neighbors.

  • Hartford, CT – located about 100 miles between Boston and New York City is expected to have a 7.6% increase in existing-home sales and a 9.5% rise in median sale price year over year for a projected growth rate of 17%.
  • Rochester, NY – projected growth rate: 15.5%
  • Worcester, MA – projected growth rate: 15%
  • Toledo, OH – projected growth rate: 12%
  • Providence, RI – projected growth rate: 11.2%
  • Richmond, VA – projected growth rate: 10.6%
  • Grand Rapids, MI – projected growth rate: 10.6%
  • Milwaukee, WI – projected growth rate: 10.5%
  • New Haven, CT – projected growth rate: 10%
  • Pittsburgh, PA – projected growth rate: 9.7%