Open in App
  • Local
  • Headlines
  • Election
  • Crime Map
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • GOBankingRates

    These 15 Northeastern Cities Could Become Unaffordable by 2025

    By Nicole Spector,

    23 days ago
    https://img.particlenews.com/image.php?url=1Xc4Vi_0vkJZEqg00
    DenisTangneyJr / Getty Images/iStockphoto

    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.

    Discover More: 3 Best States To Buy Property in the Next 5 Years, According to Experts

    Find Out: How To Get Rich in Real Estate Starting With Just $1,000

    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.

    https://img.particlenews.com/image.php?url=1Hrqbj_0vkJZEqg00
    mandritoiu / Shutterstock.com

    15. ZIP Code: 08610 (Trenton, New Jersey)

    • County: Mercer County
    • August 2024 home value: $255,032
    • 2025 projected home value: $264,978
    • One-year growth projection (%): 3.90%

    For You: 20 Best Cities Where You Can Buy a House for Under $100K

    Consider This: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents

    Money mistakes the super wealthy never make - that you might be doing now.

    https://img.particlenews.com/image.php?url=4enEVb_0vkJZEqg00
    DenisTangneyJr / iStock.com

    14. ZIP Code: 06704 (Waterbury, Connecticut)

    • County: Kennebec County
    • August 2024 home value: $260,163
    • 2025 projected home value: $269,789
    • One-year growth projection (%): 3.70%

    Be Aware: 5 Types of Homes That Will Plummet in Value in 2024

    https://img.particlenews.com/image.php?url=115bQZ_0vkJZEqg00
    Marc Dufresne / Getty Images

    13. ZIP Code: 04901 (Winslow, Maine)

    • County: New Haven County
    • August 2024 home value: $241,277
    • 2025 projected home value: $250,205
    • One-Year growth projection (%): 3.70%
    https://img.particlenews.com/image.php?url=0X1mpg_0vkJZEqg00
    FotosForTheFuture / Shutterstock.com

    12. ZIP Code: 08618 (Trenton, New Jersey)

    • County: Mercer County
    • August 2024 home value: $255,032
    • 2025 projected home value: $264,978
    • One-Year growth projection (%): 3.90%
    https://img.particlenews.com/image.php?url=4dANgj_0vkJZEqg00
    DenisTangneyJr / Getty Images/iStockphoto

    11. ZIP Code: 04330 (Augusta, Maine)

    • County: Kennebec County
    • August 2024 home value: $290,262
    • 2025 projected home value: $301,582
    • One-Year growth projection (%): 3.90%

    Trending Now: 10 Worst Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

    https://img.particlenews.com/image.php?url=36jQQj_0vkJZEqg00
    Nick Vendetta / Getty Images/iStockphoto

    10. ZIP Code: 60931 (Hammonton, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $356,330
    • 2025 projected home value: $370,226
    • One-Year growth projection (%): 3.90%

    Pictured: Vineland, New Jersey

    https://img.particlenews.com/image.php?url=30DrYo_0vkJZEqg00
    Jerry Hopman / iStock.com

    9. ZIP Code: 18466 (Tobyhanna, Pennsylvania)

    • County: Monroe County
    • August 2024 home value: $243,392
    • 2025 projected home value: $253,128
    • One-Year growth projection (%): 4.00%
    https://img.particlenews.com/image.php?url=3zmLb2_0vkJZEqg00
    DenisTangneyJr / Getty Images

    8. ZIP Code: 03431 (Keene, New Hampshire)

    • County: Cheshire County
    • August 2024 home value: $328,622
    • 2025 projected home value: $341,767
    • One-Year growth projection (%): 4.00%

    Check Out: 5 Worst Florida Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

    https://img.particlenews.com/image.php?url=3tZWXL_0vkJZEqg00
    Real Window Creative / Shutterstock.com

    7. ZIP Code: 08611 (Trenton, New Jersey)

    • County: Mercer County
    • August 2024 home value: $179,559
    • 2025 projected home value: $187,100
    • One-Year growth projection (%): 4.20%
    https://img.particlenews.com/image.php?url=3AjIhp_0vkJZEqg00
    DenisTangneyJr / Getty Images

    6. ZIP: 08232 (Pleasantville, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $223,770
    • 2025 projected home value: $233,392
    • One-Year growth projection (%): 4.30%

    Pictured: Atlantic City, New Jersey

    https://img.particlenews.com/image.php?url=1nPeh7_0vkJZEqg00
    DenisTangneyJr / Getty Images

    5. ZIP Code: 08330 (Mays Landing, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $301,570
    • 2025 projected home value: $314,537
    • One-Year growth projection (%): 4.30%

    Pictured: Atlantic City, New Jersey

    Learn More: Housing Market 2024: Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets

    https://img.particlenews.com/image.php?url=0kApTh_0vkJZEqg00
    Ultima_Gaina / Getty Images/iStockphoto

    4. ZIP: 08215 (Egg Harbor City, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $322,778
    • 2025 projected home value: $336,658
    • One-Year growth projection (%): 4.30%

    Pictured: Atlantic City, New Jersey

    https://img.particlenews.com/image.php?url=2TgI73_0vkJZEqg00
    felixmizioznikov / Getty Images/iStockphoto

    3. ZIP Code: 08205 (Galloway, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $326,582
    • 2025 projected home value: $340,951
    • One-Year growth projection (%): 4.40%

    Pictured: Absecon, New Jersey

    https://img.particlenews.com/image.php?url=1vjtqj_0vkJZEqg00
    Robert Winkler / Getty Images

    2. ZIP Code: 06790 (Torrington, Connecticut)

    • County: Litchfield County
    • August 2024 home value: $272,470
    • 2025 projected home value: $285,004
    • One-Year growth projection (%): 4.60%

    See More: 8 Places Where Houses Are Suddenly Major Bargains

    https://img.particlenews.com/image.php?url=1hCEku_0vkJZEqg00
    DenisTangneyJr / iStock.com

    1. ZIP Code: 08401 (Atlantic City, New Jersey)

    • County: Atlantic County
    • August 2024 home value: $219,287
    • 2025 projected home value: $230,470
    • One-Year growth projection (%): 5.10%

    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.

    This article originally appeared on GOBankingRates.com : These 15 Northeastern Cities Could Become Unaffordable by 2025

    Comments / 5
    Add a Comment
    Ed McCann
    21d ago
    What bullshit this is.
    Terry Soucey
    22d ago
    Don't know why anybody would want to live in Waterbury!!
    View all comments
    YOU MAY ALSO LIKE
    Local News newsLocal News
    The Shenandoah (PA) Sentinel10 days ago

    Comments / 0