15 Places Where Your Property Will Not Make You Much Money If You Sell It
Feverpitched / iStock.com
Buying a home is one of the most important money moves you can make. Perhaps the most important of your entire life. As such, you need to be smart about the home you invest in. Will your home stand the test of time in terms of value? Will your investment appreciate over time? Or, on the contrary, will it sink in value and leave you financially worse off should you decide to sell it?
Check Out: 3 Best States to Buy Property in the Next 5 Years, According to Experts
Learn More: How To Get Rich in Real Estate Starting With Just $1,000
In a new study, GOBankingRates looked at the 200 largest metros to find where home values are dropping and thus will make you less money should you sell your home.
Here are the top 15 cities, ranked in order from the most to least diminishing home values.
Larry Gibson / iStock.com
1. New Orleans
August 2023 home value: $252,227
August 2024 home value: $238,493
August 2025 projected home value: $224,661
2-year projected home value change: -10.93%
Read More: Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets
For You: 8 Places Where Houses Are Suddenly Major Bargains
Earning passive income doesn’t need to be difficult. You can start this week.
DenisTangneyJr / Getty Images
2. Lafayette, Louisiana
August 2023 home value: $191,728
August 2024 home value: $186,502
August 2025 projected home value: $175,125
2-year projected home value change: -8.66%
Learn More: 5 Housing Markets That Will Plummet in Value Before the End of 2025
RoschetzkyIstockPhoto / iStock.com
3. Austin, Texas
August 2023 home value: $476,350
August 2024 home value: $454,003
August 2025 projected home value: $444,469
2-year projected home value change: -6.69%
Jacob Boomsma / Shutterstock.com
4. Beaumont, Texas
August 2023 home value: $165,241
August 2024 home value: $163,530
August 2025 projected home value: $154,209
2-year projected home value change: -6.68%
DenisTangneyJr / Getty Images/iStockphoto
5. Laredo, Texas
August 2023 home value: $214,216
August 2024 home value: $205,766
August 2025 projected home value: $200,416
2-year projected home value change: -6.44%
Find Out: 20 Best Cities Where You Can Buy a House for Under $100K
Sean Pavone / Shutterstock.com
6. San Antonio, Texas
August 2023 home value: $292,855
August 2024 home value: $284,641
August 2025 projected home value: $280,941
2-year projected home value change: -4.07%
Khairil Azhar Junos / Shutterstock.com
7. Cape Coral, Florida
August 2023 home value: $402,875
August 2024 home value: $386,534
August 2025 projected home value: $387,693
2-year projected home value change: -3.77%
DenisTangneyJr / Getty Images
8. Corpus Christi, Texas
August 2023 home value: $220,398
August 2024 home value: $219,005
August 2025 projected home value: $212,873
2-year projected home value change: -3.41%
Explore More: America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000
Mishella / Getty Images/iStockphoto
9. North Port, Florida
August 2023 home value: $460,333
August 2024 home value: $445,445
August 2025 projected home value: $447,227
2-year projected home value change: -2.85%
Story continues
DenisTangneyJr / iStock.com
10. Lubbock, Texas
August 2023 home value: $207,654
August 2024 home value: $205,235
August 2025 projected home value: $202,978
2-year projected home value change: -2.25%
BOB WESTON / Getty Images/iStockphoto
11. Crestview, Florida
August 2023 home value: $446,853
August 2024 home value: $438,186
August 2025 projected home value: $438,625
2-year projected home value change: -1.84%
Check Out: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents
Sean Pavone / Shutterstock.com
12. Jackson, Mississippi
August 2023 home value: $193,436
August 2024 home value: $193,313
August 2025 projected home value: $190,027
2-year projected home value change: -1.76%
Art Wager / Getty Images
13. Honolulu
August 2023 home value: $860,891
August 2024 home value: $860,977
August 2025 projected home value: $846,340
2-year projected home value change: -1.69%
JoeChristensen / Getty Images
14. Minneapolis
August 2023 home value: $373,509
August 2024 home value: $374,561
August 2025 projected home value: $368,568
2-year projected home value change: -1.32%
Discover More: 10 Worst Cities To Buy Property in the Next 5 Years, According to Real Estate Agents
15. Longview, Texas
August 2023 home value: $214,461
August 2024 home value: $214,992
August 2025 projected home value: $211,767
2-year projected home value change: -1.26%
Sean Pavone / Shutterstock.com
Other Notable Metros
Here are other notable cities where you could have a hard time making much off your home sale in 2025:
Portland, Oregon: -0.34% ($1,829)
Houston: -0.08% ($255)
Dallas: 0.16% ($585)
Denver: 0.17% ($963)
Jacksonville, Florida: 1.1% ($3,904)
Memphis, Tennessee: 1.26% ($2,980)
Methodology: For this study GOBankingRates looked at the 200 largest metros according to Zillow and found the following: (1) August 2023 home value; (2) August 2024 home value; (3) August 2023 to August 2024 percent change in home value; (4) 1-year home value forecast; (5) August 2025 projected home value. With these figures calculated, GOBankingRates decided to look at metros with an August 2023 to August 2024 and August 2024 to August 2025 projected home value percent change below 1.00%. With these metros now isolated, GOBankingRates found the (6) 2023-25 2-year projected home value change. All data was collected on and is up to date as of Sept. 18, 2024.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: 15 Places Where Your Property Will Not Make You Much Money If You Sell It
#Places #Property #Money #Sell