I’m a Real Estate Agent: 6 Cities That Will Become Less Affordable Under Trump
Written by
Marc Guberti
Edited by
Amen Oyiboke
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Every president plays a role in shaping real estate affordability. Their policies drive economic shifts that ripple down to local markets, affecting prices and availability. With limited supply and steady inflation, real estate often grows less affordable year after year.
However, President Trump’s approach toward tariffs can increase construction costs, which would translate into higher housing prices. Here are six cities that real estate experts believe will become less affordable during Trump’s second term.
San Francisco
Graham Hill is a real estate investor and advisor who does consulting with Find Osaka Agents. Hill pinpointed San Francisco as an area that can see higher prices under a Trump administration, but not because of tariffs or anything bad. In fact, Hill portrays San Francisco as a “fixer-upper” market that can benefit from Trump’s second term.
“I expect San Francisco to see higher real estate prices — for both rent and home sales — in the next 2 [to] 3 years. This is related to ‘The Red Wave,’ if not Trump himself. If San Francisco can clean itself up, higher real estate prices seem an obvious conclusion,” said Hill. “San Francisco has been in the news a lot, leading the nation on ‘progressive’ politics for decades. It has also become a national example of dystopian outcomes from well-meaning politics gone awry … As the streets are cleaned up, and quality of life increases, San Francisco is ripe for better public relations, a return of tourism, and increasing real estate prices.”
Charlotte
Charissa Bright is the owner and founder of Bright Buys Houses in Watkinsville, Georgia. She is a real estate professional with years of experience investing, buying, selling, fixing, flipping, and renting properties in Georgia and throughout the United States. She mentioned Charlotte, North Carolina, as a city that will become more expensive during Trump’s second term.
“In Charlotte, the city’s rapid business growth and tax cuts that help big companies are pushing housing demand higher. The median home price in Charlotte has jumped to around $435,000, rising over 5% in the past year and making it tough for renters and buyers to keep up,” said Bright.
Phoenix
Bright also mentions Phoenix, Arizona, as another city that will see higher prices under the second Trump administration.
“In Phoenix, population growth and a hot real estate market are driving prices even higher with the median home value now sitting at $430,000. As federal affordable housing programs will see less support under President Trump, middle-income families in both cities face fewer options for finding affordable homes.”
Raleigh, North Carolina
The founder of RedAwning, Tim Choate has spent decades reimagining how travelers book and enjoy vacation rentals. Choate first mentions Raleigh as a city that will get more expensive under President Trump.
“In Raleigh, the burgeoning research industry supported by legislative incentives might draw qualified professionals at a fast speed, increasing demand for both residences for purchase and rentals,” he said.
Boise, Idaho
Choate follows up Raleigh, North Carolina, by mentioning that Boise, Idaho, can end up with higher real estate prices.
“Originally prized for its somewhat low cost of living, Boise has been silently trapped in a cycle of rising property prices and building expenses as investors see it as an unrealized opportunity for growth.”
Denver
Choate also highlighted Denver, noting its potential for rising prices.
“Denver’s suburban belts, which include infrastructural upgrades and new employment hubs, are attracting the interest of both distant workers and urban migrants priced out of more historically heated areas,” he said.
Choate believes that Raleigh, Boise, and Denver are “growing tech and lifestyle centers [that] are now attracting an inflow of entrepreneurial energy and cash, frequently driven by a belief that federal regulations support businesses active in smaller, business-friendly metros.”
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