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Friday, March 24, 2023

The Most Undervalued Housing Markets in the U.S. |Real Estate

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Detroit, Cleveland, St. Louis, and Philadelphia are among the most undervalued housing markets in the Midwest and along the East Coast. 

The Midwest region has the most affordable rental housing markets, with Omaha, St. Louis, Cleveland, and Kansas City leading the pack. In Detroit, Philadelphia, Cleveland, and Chicago, you’ll spend less money buying a home than renting one. While it makes sense that former Rust Belt towns like Detroit, Cleveland, and St. Louis are at the top of the list of the most affordable places to buy a home, many of them have begun to resuscitate their economies in recent years with new initiatives, businesses, and investments. The median payment-to-income ratio for the Detroit MSA is 17.4%, which is less than half of the national average of 36.6%. As a result, more homeowners and investors who currently reside in other states and even other countries are becoming interested in the Detroit MSA. 

Source: https://realestate.usnews.com/real-estate/housing-market-index/articles/the-most-undervalued-housing-markets-in-the-us 


  1. The real estate market in Rio de Janeiro is also booming, with emphasis on real estate launches in the South Zone of Rio de Janeiro. I really liked the article


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