Markets

Insider Trading

Hedge Funds

Retirement

Opinion

20 Affordable, Promising Cities to Buy Real Estate in 2024

In this article, we will be covering the 20 affordable, promising cities to buy real estate in 2024. If you wish to skip our detailed analysis, you can move directly to the 5 Affordable, Promising Cities to Buy Real Estate in 2024.

US Real Estate Affordability: A Brief Recap

The US housing market has long been subjected to a serious housing crisis. On October 20, 2023, CNN reported that home sales hit a 13-year low in September 2023. A large proportion of would-be buyers were unable to attain a home due to soaring interest rates in addition to highly-priced houses. The monthly payment on an average-priced home required 40% of the median household income which resulted in affordability concerns.

Current Affordability Patterns and Home Price Dynamics

The New York Times has reported the aforementioned affordability crisis to persist. Home prices in the United States have climbed more than 60% in the preceding 10 years. Simultaneously, a quarter of renters in the United States tend to spend more than half of their income on housing.

On the other hand, the mortgage situation remains adverse. While mortgage rates fell through mid-January to the mid-6% range, they have started to climb again. On April 18, CNBC reported that the average rate on the 30-year fixed mortgage exceeded 7% on April 1, the highest since mid-November of 2023. Mortgage rates have been predicted to remain elevated and hence, homebuyers and owners who have been waiting for lower mortgage rates might be hanging in there for a longer period.

On April 15, Zillow reported that home values are climbing at a rapid month-over-month rate in the major and most expensive US metros. Prices have gone up by 3.3% in San Jose, 2.7% in San Francisco, 2.4% in Seattle, 2.1% in San Diego and 2.0% in Los Angeles. However, the price appreciation, in this case, becomes a dilemma for many since would-be homebuyers cannot pursue these markets due to overall high prices while existing homeowners continue to be locked into their mortgages as it is extremely costly for them to buy a home at current rates. Another issue with these markets is that the inventory has not yet grown since the pandemic’s outbreak which has driven more competition for few choices. You can also take a look at the cities with the highest home price increases since the pandemic.

Meanwhile, home price appreciation has toned down in the South where inventory has recovered since the pandemic. This has resulted in less competition and has controlled extremely high prices. On a monthly basis, metros including New Orleans, San Antonio, Tampa, Orlando, and Jacksonville experienced the slowest but still fairly solid price growths. New Orleans and Austin have seen a rise in the new listings of existing homes as compared to the pre-pandemic period.

Top Homebuilders in the US

Americans can look for reputable homebuilders such as M.D.C. Holdings, Inc. (NYSE:MDC), Century Communities, Inc. (NYSE:CCS), and LGI Homes, Inc. (NASDAQ:LGIH) to settle in some of the most convenient and desirable locations across the country. Additionally, they can view some of the best states for first-time homebuyers.

M.D.C. Holdings, Inc. (NYSE:MDC) operates Richmond American Homes which is one of the largest US homebuilders. The homebuilder has operations in multiple states including Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington. On April 18, the company’s subsidiary Richmond American Homes of Arizona, Inc. announced its new community in Tucson. The new community ‘Seasons at Blackhawk’ is located near downtown Tucson. Parks, playgrounds, and trails will be offered as amenities to residents. Tucson International Airport and Davis Monthan Air Force Base can also be accessed.

Century Communities, Inc. (NYSE:CCS) is a major American homebuilder that is engaged in the construction, innovative marketing, and sale of homes for diverse buyers. On April 17, the company announced that it has initiated sales of single-family homes at its new Seattle-area community ‘Lakeview Terrace’. Those who wish to live in the community can easily travel to downtown Seattle, Renton’s city center, Boeing Renton Factory, and Newcastle Beach Park. A playground, walking trails, and views of Lake Washington are some of the amenities that can be enjoyed.

LGI Homes, Inc. (NASDAQ:LGIH) engages in the design, construction, and sale of homes across 36 markets in 21 states. On April 16, the homebuilder reported that it opened its first community in the St. Cloud market. While the new community ‘Parkside’ is only 15 minutes away from downtown St. Cloud., it also offers easy access to Minneapolis. Homes in the community have been priced from the $370,000s.

Other than M.D.C. Holdings, Inc. (NYSE:MDC), Century Communities, Inc. (NYSE:CCS), and LGI Homes, Inc. (NASDAQ:LGIH), some of the largest builders in the US have been previously covered. Now that we have taken a look at the US real estate situation, let’s move to the 20 affordable, promising cities to buy real estate in 2024.

An aerial view of a real estate property with multiple buildings and pavement in the foreground.

Our Methodology:

In order to compile a list of the 20 affordable, promising cities to buy real estate in 2024, we looked at the year-over-year price growth in home value from 2023 to 2024 and the average home value in the city. Cities that experienced positive price growth and had average home values below the median home value in the US were shortlisted. Please note that the median home value in the US is $354,179, as of March. Data for both metrics has been sourced from Zillow.

The 20 affordable, promising cities to buy real estate in 2024 are ranked in ascending order of their 1-year price appreciation, primarily, and average home value, secondarily.

20 Affordable, Promising Cities to Buy Real Estate in 2024

20. Fort Wayne

1 Year Price Appreciation: 7.5%

Average Home Value: $231,064

The city of Fort Wayne is based in northeastern Indiana. As of March, home prices in the city have appreciated by 7.5%. The city’s average home value of $231,064 is below the national average.

19. Philadelphia

1 Year Price Appreciation: 7.7%

Average Home Value: $349,795

Philadelphia is an attractive market for purchasing real estate in 2024. As reported by Zillow, home prices have experienced a growth of 7.7% since 2023.

18. Green Bay

1 Year Price Appreciation: 7.7%

Average Home Value: $292,367

Green Bay is located in the state of Wisconsin. The city’s current average home value of $292,367 is affordable. Furthermore, the city is a promising real estate market since home values have also been witnessing positive changes over the past year.

17. Reading

1 Year Price Appreciation: 7.9%

Average Home Value: $276,304

Home values have been appreciating in the city of Reading. The city is situated in the southeastern part of Pennsylvania and offers an average home value of $276,304, as of March. This makes Reading a good city for buying real estate in 2024.

16. Flint

1 Year Price Appreciation: 8.0%

Average Home Value: $172,739

Flint is in Genesee County, Michigan. The city boasts an average home value of $172,739. Simultaneously, Flint’s home prices have grown since 2023.

15. Allentown

1 Year Price Appreciation: 8.1%

Average Home Value: $320,148

The 1-year growth in Allentown’s average home value was recorded at 8.1% in March. Additionally, the current average home value in the city is lower than the national average.

14. Erie

1 Year Price Appreciation: 8.2%

Average Home Value: $186,042

The 20 affordable, promising cities to buy real estate in 2024 rank Erie as well. The city is located in Pennsylvania and has witnessed a modest positive change in its home values over the past 1 year.

13. Peoria

1 Year Price Appreciation: 8.2%

Average Home Value: $141,917

Illinois hosts the US city of Peoria. Those who wish to buy real estate in a cheap yet attractive housing market in 2024 can resort to the city.

12. Canton

1 Year Price Appreciation: 8.5%

Average Home Value: $191,088

The Ohio-based city of Canton experienced an appreciation of 8.5% in its home prices between 2023 and 2024. As of now, $191,088 is the average home value in the city which is quite affordable.

11. Toledo

1 Year Price Appreciation: 8.6%

Average Home Value: $178,470

Toledo is situated in Lucas County, Ohio. The city is one of the most affordable and promising real estate markets since the home prices have appreciated by 8.6% since 2023 while the average home value is as low as $178,470.

10. Savannah

1 Year Price Appreciation: 9.3%

Average Home Value: $329,917

Savannah is a populous city located in the state of Georgia. Between 2023 and 2024, home prices in the city have grown by 9.3% which deems the market attractive for real estate investment.

9. Rochester

1 Year Price Appreciation: 9.4%

Average Home Value: $235,073

Rochester is another city in New York that can be pursued as an attractive and affordable city to buy real estate in 2024. According to Zillow, the year-over-year appreciation in the city’s home prices has been 9.4%.

8. Binghamton

1 Year Price Appreciation: 9.5%

Average Home Value: $167,385

The city of Binghamton is a part of New York. As of March, the city boasts an average home value of $167,385 which is cheap. 1 year home price appreciation in Binghamton was recorded at 9.5% in March.

7. Atlantic City

1 Year Price Appreciation: 9.9%

Average Home Value: $340,093

Atlantic City is based in New Jersey. While the average home price in the city is $340,093, home prices have grown over the past year which indicates an attractive market for real estate investment.

6. Knoxville

1 Year Price Appreciation: 10.1%

Average Home Value: $333,234

Knoxville is situated in Knox County, Tennessee. Between 2023 and 2024, home prices in the city have appreciated by 10.1%. The city’s average home price is below the national average which makes its real estate affordable yet promising.

Click to continue reading and see 5 Affordable, Promising Cities to Buy Real Estate in 2024.

Suggested articles:

Disclosure: None. 20 Affordable, Promising Cities to Buy Real Estate in 2024 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!