As remote workers leave dense cities for new locations, Santa Barbara, CA, Louisville, KY, and Buffalo, NY, are benefiting, according to a new report from Redfin.
Over the last year, the net inflow to Santa Barbara, CA, increased 124%. It was followed by Louisville, KY, (113%) and Buffalo, NY (107%). Other affordable cities, like Tulsa, OK (80%), and El Paso, TX (101%), also appeared on the list.
With the typical home selling for $855,000 in September Santa Barbara, was the expensive outlier. Excluding Santa Barbara, all the metros that have grown the most in popularity have home prices below the national median of $334,000. The typical home in Louisville sold for $229,000 in September, and in Buffalo it was $190,000, according to Redfin
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
