Macon is one of the most underpriced housing markets in the country, study says
Buying a home in today’s market may seem daunting.
The rates, the investment, the mortgage payment.
Some places are better than others when it comes to purchasing a home, i.e. “location, location, location.”
Well, according to a recent study by GOBankingRates, 20 cities in the country actually have underpriced housing markets. And good news, Georgians, a Middle Georgia city is on the list.
Our very own Macon, Georgia, made the top 20 most underpriced housing markets in the US.
Here’s why Macon made the list:
The study by GOBanking Rates revealed that the 2023 median list price in Macon is $123,167, but the 2023 average home value is $171,606.
So, the difference between the two is $48,439. This number means big savings and a great investment for the buyer.
Other southern cities on the list include:
- Cape Coral, Florida (average difference of $249k)
- Punta Gorda, Florida (average difference of around $60k)
Are you looking to buy a home in Macon? Let us know if you have any questions in the comments below.
This story was originally published September 7, 2023 at 7:30 AM.
