The Most Undervalued Housing Markets in the U.S. in 2024

Detroit, Michigan

The median home listing price in Detroit is just $99,000, and the city offers the lowest mortgage payment-to-income ratio in the country.

While the city has gone through its share of struggles, it currently offers low unemployment rates and a burgeoning tech industry with major players like Google, Microsoft and LinkedIn. Add in big-city culture and diversity, and it’s no wonder Detroit tops the list as one of the most affordable and undervalued housing markets in the U.S. for 2024.

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