Art Wager / Getty Images 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 .
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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 For Less: 20 Best Cities Where You Can Buy a House for Under $100K
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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 Watch Out: 10 Worst Cities To Buy Property in the Next 5 Years, According to Real Estate Agents
ccpixx photography / Shutterstock.com 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
Hank Shiffman / Shutterstock.com 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 Rauluminate / Getty Images 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 Jacob Boomsma / Shutterstock.com 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 Wirestock / Getty Images/iStockphoto 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 For You: 8 Places Where Houses Are Suddenly Major Bargains
DenisTangneyJr / Getty Images/iStockphoto 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 Sean Pavone / Shutterstock.com 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 SeanPavonePhoto / iStock.com 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 Jairo Rene Leiva / Shutterstock.com 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
Paul Sableman / Flickr.com 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
sfe-co2 / Getty Images 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
Csoldner187 / Wikimedia Commons 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 Nicole S Glass / Shutterstock.com 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 Discover More: In Less Than a Year, You’ll Regret Not Having Bought Property in These 20 Housing Markets
Jacob Boomsma / Getty Images/iStockphoto 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 dszc / Getty Images 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 StockPhotoAstur / Shutterstock.com 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