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By their nature, the country’s hottest housing markets are tough places to buy a home. When it comes to finding affordable places in those same markets, the window of opportunity narrows to near nothingness.
After reviewing January’s 10 hottest markets, we were determined to find affordable options for each of the scalding locales. Keep in mind affordability is relative when it comes to these popular destinations for home buyers. We couldn’t find any sub-$100,000 options in these cities, and even if we could, we doubt you’d want to see the pictorial evidence.
Each of the homes we’ve highlighted below is affordable when compared with other options in the same city. There aren’t any screaming bargains, but each place provides an elusive entry point into the fastest-moving real estate markets in the country.
Get your offers ready in the nation’s hottest housing markets…
1. San Francisco, CA 11 College TerracePrice: $859,000
Heat check: Affordability is hard to come by in a city where the median listing price is $1.2 million. However, this cute three-bedroom on the edge of the Glen Park neighborhood is what passes for a bargain in the hottest market in the country.
San Francisco, CA
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2. San Jose, CA 930 S 6th StPrice: $739,000
Heat check: This adorable three-bedroom close to the city’s downtown is over $100,000 less than the city’s median list price. So we’d expect a bidding war to snag this century-old charmer.
San Jose, CA
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3. Vallejo, CA 1447 Alabama StPrice: $339,900
Heat check: Vallejo’s been one of the tightest housing markets for the past couple of years, so a buyer will have to move fast to score this Spanish-style home from the 1930s.
Vallejo, CA
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4. Colorado Springs, CO 2639 E Yampa StPrice: $164,900
Heat check: This two-bedroom has already had its price cut by $10,000 since it hit the market a couple of weeks ago. Strike while the market is hot!
Colorado Springs, CO
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5. Midland, TX 502 O Rourke StPrice: $319,900
Heat check: Midland had a few homes cheaper than this one, but most of those houses were already in pending status. This means you’ll have to settle for this three-bedroom built in 2014. It appears brand-new and will likely wind up in pending status in no time.
Midland, TX
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6. San Diego, CA 2649 Desty CtPrice: $460,000
Heat check: This well-kept home is deep in the southern end of the San Diego metro. While it’s not on the water, it’s a perfectly affordable starter home.
San Diego, CA
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7. Santa Rosa, CA 2019 Nordyke AvePrice: $479,950
Heat check: Make the neighbors green with envy when you snag this cool ranch-style home. We know the all-yellow kitchen will likely get an update by new owners, but we’re in love with the strong grandma vibes.
Santa Rosa, CA
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8. Sacramento, CA 2980 66th AvePrice: $215,000
Heat check: The state’s capital has been a refuge for buyers looking for affordability outside the San Francisco Bay Area. And this three-bedroom in need of TLC is yet another example of bargain deals that are impossible to find in the Bay Area.
Sacramento, CA
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9. Denver, CO 1498 S Perry StPrice: $295,000
Heat check: Make your way to the Mile High City for this intriguing home. It comes with a basement that can be converted into a separate rental unit. There’s a chance to earn some dough while working on renovations to the home’s main floor.
Denver, CO
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10. Stockton, CA 4921 Innisbrook DrPrice: $369,000
Heat check: Yet another city with an influx of Bay Area buyers in search of affordability, Stockton is now a hot housing market. Built in 1992, this home appears almost new, with new carpet, fresh paint, and gleaming wood floors.
Stockton, CA
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The post Affordable Hotness? Great Homes Available Now in the Nation’s Top 10 Markets appeared first on Real Estate News & Insights | realtor.com®.
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