This City Was Ranked the Midwest's Top Hidden Gem for Homebuyers Thanks to Its Affordability, Livability, and Outdoor Recreation
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This City Was Ranked the Midwest's Top Hidden Gem for Homebuyers Thanks to Its Affordability, Livability, and Outdoor Recreation
"In Wisconsin, the city of Wausau was ranked the top hidden gem housing market in the Midwest, according to data compiled by GOBankingRates. The city, which boasts a scenic location on the Wisconsin River in the central part of the state, was lauded for its high livability and average home value of $238,916, well below the statewide average home price of $335,546. The average monthly mortgage in the city was $1,368 and the median household income was $61,877."
""These hidden gems offer significantly lower home prices than their state averages, manageable mortgage costs and solid median incomes-along with strong livability ratings," GOBankingRates wrote in its report. "From college towns to lakeside communities, these markets are quietly thriving and poised to attract savvy buyers in the months ahead.""
"In addition, two other Midwestern states made the list. The city of Wyandotte, Michigan, came in at No. 10. Set on the Detroit River, Wyandotte was praised for its low average home value of $190,919 (compared to the statewide average of $259,881) and average monthly mortgage of just $1,093. Ohio had two cities make the list: Sandusky, which ranking 11th, and South Euclid, which came in at No. 15."
Housing markets in the Midwest are moving quickly, with several smaller cities offering lower home prices and manageable mortgage costs. Wausau, Wisconsin, features a scenic location on the Wisconsin River, high livability, an average home value of $238,916, an average monthly mortgage of $1,368 and a median household income of $61,877. The city provides outdoor recreation and cultural events, including Granite Peak Ski Area and the Art World festival. Superior, Wisconsin, shows an average home value of $225,498 and a monthly mortgage of $1,291. Wyandotte, Michigan, reports an average home value of $190,919 and a monthly mortgage of $1,093. Sandusky and South Euclid, Ohio, also appear on the list.
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