07/16/2025
Where can buyers and sellers find the best deals? Redfin Real Estate ranked the 10 cheapest and 10 most expensive housing markets in the U.S., based on median home prices and local incomes.
The data backs this up: Nationwide, just 35% of homes are affordable to the average homebuyer - down from 60% in 2022. Affordability has dropped since the pandemic because house prices and mortgage rates rose in tandem. Both remain elevated due to chronic underbuilding and broad economic uncertainty...