With a housing affordability crisis in full swing, neighborhoods with lower home prices surge in popularity.
Americans are searching for affordable homes and they’re increasingly looking to the southeast to find them. The majority of Redfin’s hottest neighborhoods to watch in 2020 have median home sale prices of less than $500,000, and half are in the southeast states of Virginia, Florida, North Carolina and Tennessee.
The 2020 watch list was developed by identifying the neighborhoods with the greatest year-over-year growth in listing pageviews on Redfin.com and speaking with agents about what areas are seeing rising interest from homebuyers. Some of the neighborhoods included may not meet the conventional definition of “hot,” but are still trending among homebuyers.