Two years ago, the housing market started seriously heating up. With mortgage rates at all-time lows, buyers flocked to the market. As a result, home prices in the U.S. increased by more than 30% from 2020 to 2022, according to recent Ascent research. Despite this, homes continue to sell within days of being listed.
However, housing in some states remains affordable. The following states have the most affordable home prices this year, way less than the national median of $428,700.
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