20 Markets Hitting the Affordability ‘Sweet Spot’

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Home buyers are placing their attention on small and mid-sized cities in search of cheaper homes.® recently released its list of the hottest housing markets in May, which have seen the quickest sales and fetched the most views on online listings. The median list price among the top 20 hottest markets is $311,000, which is about 18% below the national median of $380,000, according to®.

The markets garnering the most buyer interest are in the affordability “sweet spot,” says George Ratiu,®’s senior economist. “They’re mid-sized cities that are more affordable yet still close to bigger urban areas with lots of jobs. These markets offer a lot more space, with larger homes on bigger lots, which are much better suited to today’s buyers.”

Here are the top 20 cities that topped®’s list for May:

Manchester, N.H.: $415,000 (median list price)
Concord, N.H.: $379,000
Burlington, N.C.: $275,000
Portland, Maine: $458,000
Johnson City, Tenn.: $300,000
Rochester, N.Y.: $245,000
Topeka, Kan.: $160,000
Fort Wayne, Ind.: $250,000
Columbus, Ohio: $309,000
Jefferson City, Mo.: $185,000
Lafayette, Ind.: $270,000
Elkhart, Ind.: $180,000
Eureka, Calif.: $430,000
Saginaw, Mich.: $155,000
Worcester, Mass.: $390,000
Vallejo, Calif.: $550,000
Raleigh, N.C.: $410,000
Racine, Wis.: $250,000
Pottsville, Pa.: $135,000
Colorado Springs, Colo.: $481,000