The hottest affordable neighborhoods are predominately in Philadelphia and Baltimore, according to a new report from Redfin.
The report tracks year-over-year growth in listing views and favorites on Redfin.com and incorporates Redfin agent insights to determine which neighborhoods are growing in popularity. The spotlighted neighborhoods have a price cap of $294,000, the national median home price.
In addition to Baltimore and Philadelphia, neighborhoods in Chicago; Portland, Ore.; Boston; and San Antonio also made the list.
The neighborhoods in Baltimore that made the list are on the outskirts of the city in areas that are attractive to move-up buyers.
“A lot of people are moving away from the city center into places that feel more like suburbs,” Redfin agent Rebecca Hall said in a release. “They’re moving to areas that don’t feel as dense; they have more of a neighborhood feel and that's really appealing to homebuyers.”
“You can get larger single-family homes rather than the row houses Baltimore is known for, and they’re less expensive,” Hall added. “Some of these pockets are also known for desirable charter schools.”
According to Redfin, the hottest affordable neighborhoods in 2019 (in order) are McKinley Park (Chicago); East Mount Airy (Philadelphia); Parkville (Baltimore); Hamilton (Baltimore); Fircrest (Vancouver, Wash.); and Bustleton (Philadelphia).
The second portion of Redfin’s list included Linthicum (Baltimore); Lowell (Boston); Fox Chase (Philadelphia); and Beacon Hill (San Antonio).