These 15 Northeastern Cities Could Become Unaffordable by 2025
By Nicole Spector,
23 days ago
The Northeastern region of the U.S. isn’t exactly known for being particularly affordable. According to the U.S. Bureau of Labor Statistics, as of August 2024, prices in the Northeastern area were up 0.2% over the past month, and up 3.4% from a year ago.
Some ZIP codes in the Northeastern U.S. are becoming even more expensive than others — and possibly too expensive for many Americans to handle.
In a new study, GOBankingRates used data from Zillow’s August 2024-25 one-year forecast to discover which ZIP codes in the Northeast could become unaffordable in just a few months’ time . Keep reading to find out the results.
Please note: The images for some of the listed cities feature a nearby city instead. As such, images are for representational purposes only.
Methodology. GOBankingRates took the overall U.S. median home value and projected its growth and/or decline from 2024 to 2025 years using Zillow’s August 2024-25 one-year forecast. This projection was then compared to the projections of the 7,500 largest zip codes in the Northeast (CT, ME, MA, NH, NJ, NY, PA, RI, and VT) AND the Northeast zip codes in the top 7,500 that currently have home prices below the national median, with those rising above the national average in the next year (plus its projected growth rate over the same period) being deemed “a place you could no longer afford.” All data used to conduct this study was compiled and verified on September 18, 2024.
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