5 Most Underpriced Housing Markets in the US in 2024

In this article, we will take a look at the 5 most underpriced housing markets in the US in 2024. If you wish to see our detailed analysis, you can go to 25 Most Underpriced Housing Markets in the US in 2024.

5. Okeechobee, Florida

Average Home Value (February): $264,907

Median List Price (February): $178,800

Difference between Average Home Value and Median List Price: $86,107

While the average home value in Okeechobee was $264,907 in February, the median list price was $86,107 lower. Therefore, Okeechobee ranks among the most underpriced housing markets in the US in 2024.

4. Clewiston, Florida

Average Home Value (February): $274,997

Median List Price (February): $181,033     

Difference between Average Home Value and Median List Price: $93,964

Hendry County in Florida hosts the US city of Clewiston which is another underpriced housing market. The average home value in the city is higher than its median list price by $93,964.

3. Urban Honolulu, Hawaii

Average Home Value (February): $860,011

Median List Price (February): $747,967

Difference between Average Home Value and Median List Price: $112,044

Urban Honolulu is another US housing market where the median list price is less than the average home value. The difference between the two was recorded at $112,044 in February.

2. San Francisco, California

Average Home Value (February): $1,132,271         

Median List Price (February): $951,667

Difference between Average Home Value and Median List Price: $180,604

The average home value in San Francisco exceeds the median list price by $180,604. This indicates that San Francisco’s housing market is underpriced.

1. San Jose, California

Average Home Value (February): $1,554,128         

Median List Price (February): $1,315,463

Difference between Average Home Value and Median List Price: $238,665

San Jose ranks at the top of the 20 most underpriced housing markets in the US in 2024. As of February, the median list price in the city is $238,665 less than its average home value.

You can also take a look at 11 Most Volatile Stocks Under $5 For Day Trading and 12 Popular Fast Food Franchises You Can Own for Under $100000.