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The housing market is finally coming down, largely because of high interest rates, but regardless of the reason, home prices are becoming more affordable. As it turns out, Michigan has one of the best cities for finding an affordable home in 2023.

According to BusinessInsider.com, “Despite the record high sale prices and equally steep mortgage rates in 2022, there are still some cities in the United States where the average earner can afford a home.”

They add, “By scraping economic and housing data to predict the growth of home prices and sales in 100 of biggest US metros, Realtor.com ranked the top places where people can still buy an affordable home in 2023. According to their methodology, this year’s homebuyers can expect reasonable deals in cities like Hartford, Connecticut and El Paso, Texas, both of which avoided much of the intense buyer competition and rapid home price growth seen in other parts of the country during the pandemic. At a time where the typical home is priced near $400,000, a good indicator of a housing market’s health is the balance between home sales and price growth.”

So, which U.S. cities have the best bang for your housing buck? Read the full list below, including the Michigan city. Even outside of Michigan, there were some cities within driving distance with some housing deals. Find the full tally here.

  • 10. Toledo, Ohio

    November 2022 median home price: $161,000
    Forecasted 2023 home sales change: +4.2%
    Forecasted 2023 home price change: +6.7%
    Forecasted 2023 combined sales and price change: +10.9%

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  • 9. Chattanooga, Tennessee

    November 2022 median home price: $397,000
    Forecasted 2023 home sales change: +2.9%
    Forecasted 2023 home price change: +8.2%
    Forecasted 2023 combined sales and price change: +11.1%

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  • 8. Columbia, South Carolina

    November 2022 median home price: $300,000
    Forecasted 2023 home sales change: +7.7%
    Forecasted 2023 home price change: +3.6%
    Forecasted 2023 combined sales and price change: +11.3%

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  • 7. Grand Rapids-Wyoming, Michigan

    November 2022 median home price: $358,000
    Forecasted 2023 home sales change: +1.6%
    Forecasted 2023 home price change: +10.0%
    Forecasted 2023 combined sales and price change: +11.6%

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  • 6. Augusta, Georgia

    November 2022 median home price: $319,000
    Forecasted 2023 home sales change: +6.2%
    Forecasted 2023 home price change: +5.7%
    Forecasted 2023 combined sales and price change: +11.9%

  • 5. Buffalo-Cheektowaga, New York

    November 2022 median home price: $240,000
    Forecasted 2023 home sales change: +6.3%
    Forecasted 2023 home price change: +6.0%
    Forecasted 2023 combined sales and price change: +12.3%

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  • 4. Worcester, Massachusetts

    November 2022 median home price: $447,000
    Forecasted 2023 home sales change: +2.5%
    Forecasted 2023 home price change: +10.6%
    Forecasted 2023 combined sales and price change: +13.1%

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  • 3. Louisville, Kentucky

    November 2022 median home price: $290,000
    Forecasted 2023 home sales change: +5.2%
    Forecasted 2023 home price change: +8.4%
    Forecasted 2023 combined sales and price change: +13.6%
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  • 2. El Paso, Texas

    November 2022 median home price: $291,000
    Forecasted 2023 home sales change: +8.9%
    Forecasted 2023 home price change: +5.4%
    Forecasted 2023 combined sales and price change: +14.3%

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  • 1. Hartford-West Hartford, Connecticut

    November 2022 median home price: $372,000
    Forecasted 2023 home sales change: +6.5%
    Forecasted 2023 home price change: +8.5%
    Forecasted 2023 combined sales and price change: +15.0%

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    10 cities where home buyers actually have a chance of scoring an affordable home in 2023

    Housing affordability in the US sank to a 10-year low last November. However, there are certain metro areas where homeownership is much more attainable. Realtor.com has ranked the top places where homebuyers can still get a good deal in 2023. Are higher housing costs holding you back from purchasing a home?