Potential homebuyers know that finding a single-family home today is difficult in many places. Inventory levels remain low in housing markets across the country.
Recently, Construction Coverage crunched the numbers and created a list of the cities with the most single-family homes as a percentage of the housing stock.
If you're looking to make some smart homeowner moves, you might want to start by looking for your dream home in one of these places. All home price figures come from Redfin and are for September.
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Colorado Springs, Colorado
Percentage of housing that is single-family homes: 69.6%
Colorado Springs is a great option if you want to live somewhere with plenty of outdoor activities. The city is near Pikes Peak and Garden of the Gods Park, both of which are perfect for exploring any time of year.
The median home sale price is $448,000.
El Paso, Texas
Percentage of housing that is single-family homes: 70.1%
El Paso is located in the western part of Texas and sits near the border with Mexico. Residents who live in the city get a vibrant blend of U.S. and Mexican culture.
The median home sale price is $254,092.
Las Vegas
Percentage of housing that is single-family homes: 70.6%
For many years, Las Vegas was famous for one thing: gambling. Today, it is just as well-known for consistently ranking with the fastest-growing cities in the U.S.
The median home sale price is $450,000.
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Albuquerque, New Mexico
Percentage of housing that is single-family homes: 70.9%
Albuquerque sits at an elevation of 5,312 feet, the highest for any metropolitan area in the U.S. It is one of the oldest inland cities in the U.S. and is home to a blend of cultures.
The median home sale price is $335,000.
Virginia Beach, Virginia
Percentage of housing that is single-family homes: 71.4%
Virginia Beach might appeal to homebuyers looking for an affordable place to live near the ocean. The city is considered a good option for folks who want a mild climate and enjoy being near a good-sized town.
The median home sale price is $380,000.
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Fort Worth, Texas
Percentage of housing that is single-family homes: 71.5%
Fort Worth is in the top five cities in Texas based on population. It shares a metro area with the city of Dallas, so there is plenty for residents to do.
The median home sale price is $335,946.
Oklahoma City
Percentage of housing that is single-family homes: 72.3%
Oklahoma City is known for celebrating cowboy culture. It also hosts many horse shows and is often called the "horse show capital of the world."
The median home sale price is $264,500.
Bakersfield, California
Percentage of housing that is single-family homes: 73.8%
Bakersfield is sometimes known as the "Nashville of the West." The famous "Bakersfield sound" created its own genre of country music.
The median home sale price is $415,000.
Wichita, Kansas
Percentage of housing that is single-family homes: 73.9%
Wichita has a surprisingly strong reputation for entrepreneurship. In fact, both Pizza Hut and White Castle got their start in the city.
The median home sale price is $230,000.
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Detroit
Percentage of housing that is single-family homes: 74.2%
Detroit is full of affordable homes. The city’s Corktown neighborhood recently was named one of the most up-and-coming neighborhoods in the country by TravelMag.
The median home sale price is just $92,000.
Bottom line
Moving to a city with a high percentage of single-family homes could be a good decision if you want to own a home someday.
So, consider one of the cities on this list as a good candidate for relocation. Then, review your budget and find ways to save extra cash so you can get ahead financially in preparation for buying the home of your dreams.
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