Home prices in more affordable areas across the U.S. are rising, with some expected to surpass $1 million in the near future. To figure out where these housing markets are, real estate marketing platform Realtor.com analyzed price growth in the 100 largest U.S. metro areas from 2014 to 2019 and projected future prices for 2028 and 2033.
The West and Midwest have most of these high-growth areas, while the Sun Belt remains more affordable because there is more land available for new development. Of the housing markets studied, the ones that are projected to see the highest price growth include Boise, Idaho, Salt Lake City, and Portland, Ore.
For instance, if you bought a house in Boise City, ID, in 2023, that would have typically cost a median of $464,578. Yet with a five-year price growth rate of 58.2%, homes here are slated to be worth $735,026 in 2028. By 2033, that estimate skyrockets even further to $1,162,910.