Top 5 most affordable American housing markets to watch in 2013

It looks like, National home prices are projected to climb 0.3% in the next year and in the next 5 years home prices are expected to rise 3.3 percent. Here is a short list of “Most affordable American housing markets to watch in 2013.”

The top 10 cities are ranked by the projected annualized change in home prices between Q2 2012 and Q2 2017, according to the latest home price report by Fiserv Case-Shiller. These markets are showing signs of strength in several key metrics, including the median home price, median household income, unemployment rate, and the change in home price.

1. Glens Falls, New York - Annualized expected growth from 2012 – 2017: 7.7 percent; The median home price is $159,000 which is lower than the national median of $181,000, with an unemployment rate of 9.1%, and a median family income of $64,300.

2. Yuma, Arizona – Annualized expected growth from 2012 – 2017: 7.7 percent; Yuma, has a population of 200,870, an unemployment rate of 25.8%, and a median family income of $45,400, lower than the national median of $62,900.

3. Eugene-Springfield, Oregon - Annualized expected growth from 2012 – 2017: 7.7 percent; Eugene-Springfield has a population of 353,416, an unemployment rate of 8.8 percent, and a median family income of $53,200.

4. Yakima, Washington - Annualized expected growth from 2012 – 2017: 7.8 percent; Yakima also has a population of 247,141, an unemployment rate of 10.2 percent, and a median family income of $47,800.

5. Brunswick, Georgia - Annualized expected growth from 2012 – 2017: 7.9 percent; It has a population of 112,923, an unemployment rate of 10.4 percent, and a median family income of $50,500, that is below the national median.

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Amarendra Bhushan

CEO and Editorial Director at CEOWORLD Magazine
Amarendra is the Chief Executive Officer and Editorial Director at CEOWORLD Magazine, and is responsible for all business management, company operations, finance, and social advertising operations.
Email- amar@ceoworld.biz
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About the Author
Amarendra Bhushan

Amarendra is the Chief Executive Officer and Editorial Director at CEOWORLD Magazine, and is responsible for all business management, company operations, finance, and social advertising operations. Email- amar@ceoworld.biz

Email: amar@ceoworld.biz