Cheapest US Housing Markets for 2023

 

Real estate investor David Ebrahimzadeh has recently released his list of the cheapest US housing markets for 2023. This is welcome news for potential home buyers who have been struggling with the skyrocketing prices in many of the country's major cities. David Ebrahimzadeh is the president of Corniche Capital, a leading opportunistic investor in both the private and public sectors.

According to Ebrahimzadeh, the cheapest housing markets in the US are typically located in smaller cities and towns that are less well-known but offer excellent value for money. These areas are also more likely to experience population growth and job creation, making them attractive options for investors and home buyers alike.

So, which are the cheapest US housing markets according to David Ebrahimzadeh for 2023? Let's take a look:

1.       Toledo, Ohio - Toledo tops the list as the cheapest housing market for 2023, with a median home price of just $83,000. The city has a stable economy with several large employers, including the University of Toledo, ProMedica Health System, and the Jeep assembly plant.

 

2.       Memphis, Tennessee - Memphis is another affordable housing market, with a median home price of $108,000. The city has a rich cultural heritage, including its music scene and famous barbecue, and is home to several large employers, including FedEx and International Paper.

 

3.       Indianapolis, Indiana - Indianapolis is a growing city with a median home price of $150,000. The city has a diverse economy, with strong sectors in healthcare, education, and manufacturing, and is home to several large employers, including Eli Lilly and Company and Rolls-Royce.

 

4.       Louisville, Kentucky - Louisville is another affordable housing market, with a median home price of $159,000. The city has a thriving arts and culture scene, as well as a growing healthcare industry, with several large hospitals and healthcare providers in the area.

 

5.       Wichita, Kansas - Wichita rounds out the list of the cheapest US housing markets for 2023, with a median home price of $160,000. The city has a strong aviation industry, with several large aircraft manufacturers and suppliers in the area, as well as a growing healthcare industry.

 

While these cities may not be on everyone's radar, they offer excellent value for money and the potential for long-term growth. For investors and home buyers looking for affordable options in 2023, these cities are definitely worth considering.

It's important to note that while these cities may be more affordable than some of the larger metropolitan areas, they still offer unique lifestyles and cultural opportunities. From Memphis' music scene to Indianapolis' auto racing heritage, there's plenty to explore and enjoy in these up-and-coming cities.

Overall, David Ebrahimzadeh's list of the cheapest US housing markets for 2023 is a useful resource for those looking to invest inproperty or buy a home. By considering these affordable options, home buyers can find a city that fits their lifestyle and budget, while investors can identify areas with the potential for long-term growth.