Home prices have been on a wild ride the past few years.
The national average home value, as of April 2023, is $339,459 in the U.S., a figure that’s expected to rise by 4.8% to $429,135 by 2028. In some cities, the average home costs less than that — but not for long. In those places, housing prices are projected to rise, in some cases, quite significantly.
There, rising prices are outpacing typical home appreciation so quickly that homes that are below the national average today will soon be more expensive.
Using data from Zillow, GOBankingRates identified 15 cities that cost less than average now but will have above-mean list prices within the next five years. Idaho dominates the list with four of its cities in the ranking.
If you’re thinking of buying in any one of these 15 cities, now might be the time to pull the trigger; they’re still underpriced now, but they won’t be by 2028.
