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15 Affordable, Promising Cities To Buy Real Estate in 2024

June 10, 2024

3 min Read

Written by Heather Taylor

Edited by Levi Leidy

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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%

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