NAR: Anderson Area Housing Market Fifth Best in U.S.
Wednesday, January 25, 2023 at 1:16PM Observer Reports
The Anderson area is in the top ten on another list.
The National Association of Realtors has ranked the Anderson-Greenville-Mauldin area as the fifth most affordable place to buy a home in 2023.
Even with rising homeownership costs squeezing out buyers, some real estate markets will remain hot in 2023, mostly due to their relative affordability compared with the rest of the U.S., a new forecast finds.
The top places have something else in common, too: They’re all located in the South.
Based on a variety of factors, including home affordability, job growth, migration gains and housing supply, the NAR analyzed 179 markets to determine which will offer the most value to buyers. The data looks back one year from October 2022 and reflects expected demand from buyers in 2023.
The median price of homes in some of these markets isn’t cheaper than the national median of $398,500. However, these cities scored high on other metrics such as job growth or housing supply.
Here are the 10 best places to buy a home in 2023, according to NAR:
1. Atlanta-Sandy Springs-Marietta, Georgia
Median home price: $371,200
2. Raleigh, North Carolina
Median home price: $460,500
3. Dallas-Fort Worth-Arlington, Texas
Median home price: $390,100
4. Fayetteville-Springdale-Rogers, Arkansas-Missouri
Median home price: $328,400
5. Greenville-Anderson-Mauldin, South Carolina
Median home price: $335,400
While housing affordability is on par with the national average, job growth in this area is strong, especially for high-paying information technology jobs like computer programming or web development.
There are more houses to choose from, too, as the supply of homes in 2022 was more than twice the national average.
6. Charleston-North Charleston, South Carolina
Median home price: $416,800
7. Huntsville, Alabama
Median home price: $327,500
8. Jacksonville, Florida
Median home price: $398,000
9. San Antonio-New Braunfels, Texas
Median home price: $342,700
10. Knoxville, Tennessee
Median home price: $331,100