15 Affordable, Promising Cities To Buy Real Estate in 2024

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

Don’t fret if this wasn’t your year to buy a home. Rocket Homes compiled a list of 15 cities with great potential for mortgage rates and affordable real estate, that buyers should have on their radar in 2024.

To find and rank the most promising cities of 2024, Rocket Homes and Best Places analyzed 383 metros home to over 85% of all U.S. residents. Thirteen key metrics, including one-year home appreciation and net migration in 2022, determined which cities will surge ahead and allow their inhabitants to thrive.

While past years of these rankings included markets from Western states, the 2024 ranking does not have any cities from the West Coast on it.

Let’s see which 15 cities in 2014 are among the most promising to buy real estate.

1. Ames, Iowa

Population: 97,117
Net migration in 2022: 0.54%
One-year home appreciation: 7.8%

2. Burlington, Vermont

Population: 220,411
Net migration in 2022: 0.73%
One-year home appreciation: 5.2%

3. Portland, Maine

Population: 538,500
Net migration in 2022: 2.17%
One-year home appreciation: 2.8%

4. Ithaca, New York

Population: 102,180
Net migration in 2022: 0.40%
One-year home appreciation: 2.3%

5. Iowa City, Iowa

Population: 173,105
Net migration in 2022: 0.97%
One-year home appreciation: 9.5%

6. Appleton, Wisconsin

Population: 237,974
Net migration in 2022: 0.29%
One-year home appreciation: 4.3%

7. Charlottesville, Virginia

Population: 235,763
Net migration in 2022: 1.03%
One-year home appreciation: 2.6%

8. Bangor, Maine

Population: 152,148
Net migration in 2022: 1.94%
One-year home appreciation: 6.1%

9. State College, Pennsylvania

Population: 162,385
Net migration in 2022: 0.29%
One-year home appreciation: 5.1%

10. Richmond, Virginia

Population: 1,315,600
Net migration in 2022: 1.68%
One-year home appreciation: 5.7%

11. Atlantic City, New Jersey

Population: 263,670
Net migration in 2022: 0.80%
One-year home appreciation: 6.1%

12. Albany, New York

Population: 880,381
Net migration in 2022: 0.67%
One-year home appreciation: 5.3%

13. College Station, Texas

Population: 264,728
Net migration in 2022: 2.44%
One-year home appreciation: 4.6%

14. Norwich, Connecticut

Population: 265,206
Net migration in 2022: 0.32%
One-year home appreciation: 4.5%

15. Winchester, Virginia

Population: 140,566
Net migration in 2022: 2.70%
One-year home appreciation: 1.3%

More From GOBankingRates

Advertiser Disclosure

15 Affordable, Promising Cities To Buy Real Estate in 2024

Commitment to Our Readers

1. Ames, Iowa

2. Burlington, Vermont

3. Portland, Maine

4. Ithaca, New York

5. Iowa City, Iowa

6. Appleton, Wisconsin

7. Charlottesville, Virginia

8. Bangor, Maine

9. State College, Pennsylvania

10. Richmond, Virginia

11. Atlantic City, New Jersey

12. Albany, New York

13. College Station, Texas

14. Norwich, Connecticut

15. Winchester, Virginia

BEFORE YOU GO

See Today's Best
Banking Offers

Commitment to Our Readers

1. Ames, Iowa

2. Burlington, Vermont

3. Portland, Maine

4. Ithaca, New York

5. Iowa City, Iowa

6. Appleton, Wisconsin

7. Charlottesville, Virginia

8. Bangor, Maine

9. State College, Pennsylvania

10. Richmond, Virginia

11. Atlantic City, New Jersey

12. Albany, New York

13. College Station, Texas

14. Norwich, Connecticut

15. Winchester, Virginia

You May Also Like

Make your money work for you

Thanks!

BEFORE YOU GO

See Today's BestBanking Offers

Sending you timely financial stories that you can bank on.

Looks like you're using an adblocker

See Today's Best
Banking Offers