Budget-Minded Homebuyers Are Moving To These 10 Cities in the Second Half of 2022

As mortgage rates remain high, budget-conscious homebuyers are looking for more affordable places to live — and these tend to be up-and-coming markets.

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The latest Wall Street Journal and Realtor.com Emerging Housing Markets Index identified these soon-to-be-hot markets by analyzing the 300 largest metropolitan areas based on factors such as a thriving local economy, low unemployment, competitive wages, short commutes, easy access to recreational activities, the median number of days homes stay on the market, property taxes and more.

The index found that savvy homebuyers are seeking out affordable cities located primarily in the South and Midwest. Here’s a look at the top 10 markets where the budget-minded are moving.

• Median home price: $315,000

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