20 Places Where Home Prices Are About To Plummet

Most Americans have gotten accustomed to the prices of everything from food to housing rising uncomfortably high over the last couple years. Homebuyers wishing to get into the market may have all but given up hope of ever seeing things shift downward in their favor.

However, in some select cities around the U.S. signs are pointing toward a coming shift of plummeting home values, which could may make it much easier to buy a home.

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To find the 20 metros with the largest projected decrease in one-year home value, from August 2024 to August 2025, GOBankingRates looked at the 500 largest metro housing markets according to Zillow’s August 2024 data. To be considered the metro had to have negative projected home values for both three-month and one-year forecasts. A whopping eight of these cities are in Louisiana.

Read on to find out which cities may be ripe for homebuying in the coming months .

Hobbs, New Mexico

• August 2024 home value : $161,776
• 3-month home value forecasted change : -2.50%
• 1-year home value forecasted change : -10.20%
• August 2025 forecasted home value : $145,275

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Lake Charles, Louisiana

• August 2024 home value : $181,059
• 3-month home value forecasted change : -3.50%
• 1-year home value forecasted change : -9.60%
• August 2025 forecasted home value : $163,677

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Opelousas, Louisiana

• August 2024 home value : $127,542
• 3-month home value forecasted change : -3.10%
• 1-year home value forecasted change : -8.80%
• August 2025 forecasted home value : $116,318

Houma, Louisiana

• August 2024 home value : $175,796
• 3-month home value forecasted change : -2.90%
• 1-year home value forecasted change : -7.80%
• August 2025 forecasted home value : $162,084

Ukiah, California

• August 2024 home value : $508,137
• 3-month home value forecasted change : -1.70%
• 1-year home value forecasted change : -6.20%
• August 2025 forecasted home value : $476,632

Pictured: Redwood City

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Lafayette, Louisiana

• August 2024 home value : $186,502
• 3-month home value forecasted change : -2.50%
• 1-year home value forecasted change : -6.10%
• August 2025 forecasted home value : $175,125

New Orleans, Louisiana

• August 2024 home value : $238,493
• 3-month home value forecasted change : -2.00%
• 1-year home value forecasted change : -5.80%
• August 2025 forecasted home value : $224,661

Beaumont, Texas

• August 2024 home value : $163,530
• 3-month home value forecasted change : -2.50%
• 1-year home value forecasted change : -5.70%
• August 2025 forecasted home value : $154,209

DuBois, Pennsylvania

• August 2024 home value : $123,023
• 3-month home value forecasted change : -2.00%
• 1-year home value forecasted change : -5.50%
• August 2025 forecasted home value : $116,257

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Odessa, Texas

• August 2024 home value : $229,507
• 3-month home value forecasted change : -1.90%
• 1-year home value forecasted change : -4.90%
• August 2025 forecasted home value : $218,261

Shreveport, Louisiana

• August 2024 home value : $166,114
• 3-month home value forecasted change : -1.70%
• 1-year home value forecasted change : -4.80%
• August 2025 forecasted home value : $158,140

Hammond, Louisiana

• August 2024 home value : $208,172
• 3-month home value forecasted change : -1.80%
• 1-year home value forecasted change : -4.70%
• August 2025 forecasted home value : $198,388

Eureka, California

• August 2024 home value : $440,513
• 3-month home value forecasted change : -1.50%
• 1-year home value forecasted change : -4.70%
• August 2025 forecasted home value : $419,809

Learn More: 7 Types of Homes Expected To Soar in Value by the End of 2025

Meridien, Missouri

• August 2024 home value : $119,288
• 3-month home value forecasted change : -2.30%
• 1-year home value forecasted change : -4.60%
• August 2025 forecasted home value : $113,801

Pictured: St. Louis

Alexandria, Louisiana

• August 2024 home value : $155,419
• 3-month home value forecasted change : -1.50%
• 1-year home value forecasted change : -4.60%
• August 2025 forecasted home value : $148,270

Pictured: New Orleans

Altoona, Pennsylvania

• August 2024 home value : $165,800
• 3-month home value forecasted change : -2.10%
• 1-year home value forecasted change : -4.50%
• August 2025 forecasted home value : $158,339

Laurel, Missouri

• August 2024 home value : $144,477
• 3-month home value forecasted change : -2.30%
• 1-year home value forecasted change : -4.40%
• August 2025 forecasted home value : $138,120

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Fairbanks, Alaska

• August 2024 home value : $302,165
• 3-month home value forecasted change : -1.40%
• 1-year home value forecasted change : -4.30%
• August 2025 forecasted home value : $289,172

Midland, Texas

• August 2024 home value : $304,185
• 3-month home value forecasted change : -1.10%
• 1-year home value forecasted change : -4.20%
• August 2025 forecasted home value : $291,409

Gallup, New Mexico

• August 2024 home value : $195,146
• 3-month home value forecasted change : -2.40%
• 1-year home value forecasted change : -4.00%
• August 2025 forecasted home value : $187,340

This article originally appeared on GOBankingRates.com : 20 Places Where Home Prices Are About To Plummet