{"id":1458426,"date":"2022-04-29T16:44:35","date_gmt":"2022-04-29T20:44:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458426"},"modified":"2022-04-29T16:44:39","modified_gmt":"2022-04-29T20:44:39","slug":"where-should-you-buy-real-estate-in-2022","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/where-should-you-buy-real-estate-in-2022\/","title":{"rendered":"Where Should You Buy Real Estate In 2022?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhere-should-you-buy-real-estate-in-2022%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458426&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/Real-Estate-Locations.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p><span>If you\u2019ve been paying attention even a little bit lately, you know the real estate market has been a hot topic. From inventory lows, to the mortgage rate roller coaster, to home prices peaking higher than your middle school fauxhawk, it can feel impossible to find a good buy in 2022.\u00a0<\/span><\/p>\n<p><span>But there are still markets you can break into that won\u2019t break the bank. Whether you want to move to a more affordable city or you\u2019re looking to buy an investment property, we found the best places for you to start your search.\u00a0<\/span><\/p>\n<p><b>Where to Buy for the Best Cost of Living<\/b><\/p>\n<p><span>First things first: To find places with the cheapest cost of living, we looked at the Cost of Living <\/span><a href=\"https:\/\/www.coli.org\/products\/\"><span>Index<\/span><\/a><span> published by the Council for Community and Economic Research (<\/span><span>C2ER<\/span><span>). This index compares expenses like housing, groceries, utilities, transportation, health care, and miscellaneous goods and services in every state. Sound good? Here we go.\u00a0<\/span><\/p>\n<p><b>1. Brandon, Mississippi<\/b><\/p>\n<p><span>Mississippi is the cheapest state to live in in the United States. Its cost of living is 16.7% lower than the national average, and median housing prices sit at just $244,500\u2014way lower than the national median of $404,950. <\/span><span>Brandon, an up-and-coming city just east of the state capital, is catching the eye of those looking to move because of its job growth and new infrastructure.<\/span><\/p>\n<p><b>2. Calhoun County, Alabama<\/b><\/p>\n<p><span>Alabama is the state with the third-lowest cost of living\u2014about 12.1% cheaper than other states on average. Even the most expensive city in the state, Birmingham, is still 6% below average. But the most affordable place to move to in good ol\u2019 Alabama is Calhoun County\u201418% under the national cost of living average. <\/span><\/p>\n<p><b>3. Muskogee, Oklahoma<\/b><\/p>\n<p><span>Out west, Oklahoma ties with Alabama for an average cost of living that\u2019s 12.1% lower than the national average. Oklahoma\u2019s cheapest city is Muskogee. Move there, and you can enjoy a cost of living that\u2019s a whopping 21% below average!<\/span><\/p>\n<p><b>4. Knoxville, Tennessee<\/b><\/p>\n<p><span>Cost of living in Tennessee is 11.3% below average. Nashville is the most expensive place to live in the state, but it still costs 5% less than the average U.S. city. However, if you\u2019re looking to buy, head over to Knoxville, where the cost of living is about 20% lower than average.<\/span><\/p>\n<p><b>5. Kalamazoo, Michigan<\/b><\/p>\n<p><span>On our list, Michigan has the cheapest groceries (shout-out to Meijer) <\/span><i><span>and<\/span><\/i><span> the cheapest city to live in\u2014Kalamazoo. In Kalamazoo, the cost of living is 24% below normal. I mean, take a (<\/span><i><span>Michi)gander<\/span><\/i><span> at that number. And with that, I\u2019ve hit my dad joke quota for the day.<\/span><\/p>\n<p><b>6. Morgantown, West Virginia<\/b><\/p>\n<p><span>West Virginia\u2019s cost of living index looks at one city\u2014Morgantown. The cost of living In Morgantown is 9.5% below average, and it has the cheapest utilities and lowest median housing prices on the list. <\/span><\/p>\n<p><b>7. Richmond, Indiana<\/b><\/p>\n<p><span>Indiana\u2019s cost of living is 9.4% less than the U.S. average. But in the fine city of Richmond, that number drops to 18% below average. However, head over to Bloomington\u2014home to Indiana University, a top 100 school\u2014and residents pay about 2%\u00a0<\/span><i><span>above\u00a0<\/span><\/i><span>average.<\/span><span> Sheesh.\u00a0<\/span><\/p>\n<p><b>Where to Buy to Invest<\/b><\/p>\n<p><span>Now that we\u2019ve looked at where you\u2019ll want to consider buying if you\u2019re looking to move somewhere cheaper, let\u2019s show some love to all you real estate investing hopefuls out there. (Check out more on why you should only invest local and once you\u2019ve reached a certain financial milestone <\/span><a href=\"https:\/\/www.ramseysolutions.com\/retirement\/how-to-invest-in-real-estate\"><span>here<\/span><\/a><span>.<\/span><span>) To find the cities where you should consider buying real estate, we checked out what the <\/span><a href=\"https:\/\/www.nar.realtor\/\"><span>National Association of Realtors\u00ae<\/span><\/a><span> (NAR)<\/span><span> had to say about undervalued markets.\u00a0<\/span><\/p>\n<p><span>Yeah, I know an \u201cundervalued market\u201d doesn\u2019t <\/span><i><span>sound<\/span><\/i><span> like a hot spot, but here\u2019s how the NAR defines it: A market is undervalued if the median home price to median family income ratio is <\/span><i><span>lower<\/span><\/i><span> among a distribution of metro areas. This distribution is determined by factors that drive supply and demand\u2014things like job growth, population growth, the percentage of houses with Wi-Fi, the percentage of people between ages 25 and 44, and more. These factors<\/span> <span>basically imply that a market should see strong price appreciation (aka a big increase in prices) in 2022\u2014making it a prime place to invest.<\/span><\/p>\n<p><span>So, according to the \u201c<a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2022-housing-market-hidden-gems-12-17-2021.pdf\">2022 Housing Market Hidden Gems<\/a>\u201d study by the NAR, here are seven markets to invest in thanks to price appreciation.<\/span><span> (Interesting note: These markets are <\/span><i><span>almost<\/span><\/i><span> all in south\u2014ain\u2019t that something?) <\/span><\/p>\n<p><b>1. Dallas-Fort Worth, Texas<\/b><\/p>\n<p><span>Dallas-Fort Worth\u2019s home value-to-income ratio is lower compared to the rest of the country. Among top undervalued markets, DFW (as the locals call it) has the largest percentage of the population between ages 25 and 44, a main indicator for future price appreciation.\u00a0 <\/span><\/p>\n<p><b>2. Huntsville, Alabama<\/b><\/p>\n<p><span>Huntsville is becoming one of the most sought-after places to live in the south. I know, I\u2019m as shocked as you are. Strong job growth, population growth and good infrastructure should boost housing demand and home prices in 2022.<\/span><\/p>\n<p><b>3. Fayetteville, Arkansas<\/b><\/p>\n<p><span>Compared to other undervalued cities, the Fayetteville metro area saw the second-highest population growth at 6.3% from 2017 to 2020 (tied with Spartanburg, South Carolina, which I mention later). Home prices and average weekly wages also grew about 20%\u2014meaning home demand and home prices are likely to grow too. As the Razorbacks fans (especially my wife, a former Razorback) say, <\/span><i><span>Woo pig! <\/span><\/i><\/p>\n<p><b>4. Melbourne, Florida<\/b><\/p>\n<p><span>The Melbourne area population is somewhat older (looking at you, snowbirds), and in this case, that\u2019s a good sign. Incoming retirees are expected to increase the housing demand and home prices this year. <\/span><\/p>\n<p><b>5. San Antonio, Texas<\/b><\/p>\n<p><span>San Antonio\u2019s median home value of $227,684 is the second-lowest among undervalued markets\u2014and it\u2019s cheaper than other Texas metros like Dallas, Houston and Austin (which has an average of over $400,000!). <\/span><\/p>\n<p><b>6. Spartanburg, South Carolina<\/b><\/p>\n<p><span>Right in between Charlotte and Greenville is this hidden gem. Spartanburg\u2019s estimated median home value in 2021 was $181,571 (which looks a lot more like home prices circa 1998). Jobs and population have also seen growth in recent years, giving Spartanburg a bright future. <\/span><\/p>\n<p><b>7. Tucson, Arizona<\/b><\/p>\n<p><span>Due to strong population growth and domestic migration, home prices in Tucson rose 23.6% between 2018 and 2021, surpassing wage increases, which were at 15.6%. I mean, talk about equity! The Beatles once sang about Jo Jo leaving his home in Tucson, Arizona, but he might want to reconsider in a market like this one.<\/span><\/p>\n<p><b>Should You Buy Real Estate in 2022?<\/b><\/p>\n<p><span>I\u2019m going to give you a resounding <\/span><i><span>maybe<\/span><\/i><span>. Really, the answer depends on <\/span><i><span>your <\/span><\/i><span>situation\u2014especially since every city has pros and cons.<\/span><\/p>\n<p><span>The truth is, buying\u00a0real estate <\/span><i><span>only\u00a0<\/span><\/i><span>based on the cost of living or based on what home values are doing in a given area is a bad idea. You\u2019ve got to consider things like whether you can earn a good living in the city, whether you\u2019ll even\u00a0<\/span><i><span>like\u00a0<\/span><\/i><span>it, whether you\u2019re financially at a place where buying a home makes sense, and whether it makes sense for you to take a financial risk at this point in your life.\u00a0<\/span><\/p>\n<p><span>After you consider those factors, you\u2019ll have a clearer idea about where and if you should buy. But my best piece of advice? Talk to a local real estate expert in the location where you\u2019re interested in buying, like a <\/span><a href=\"https:\/\/www.ramseysolutions.com\/real-estate\/residential-real-estate\"><span>RamseyTrusted real estate agent<\/span><\/a><span>. You can find RamseyTrusted agents nationwide, and I love them because I know they\u2019re top-notch pros committed to serving me first. Happy real estating!<\/span><\/p>\n<p><em>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019ve been paying attention even a little bit lately, you know the real estate market has been a hot topic. From inventory lows, to the mortgage rate roller coaster,<\/p>\n","protected":false},"author":714,"featured_media":1481036,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1458426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/714"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1458426"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1481036"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1458426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1458426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1458426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}