15 worst places to buy a home in the U.S.

15 worst places to buy a home in the U.S.

Yes, they are really WORST.

How it Impacts?

How it Impacts?

Where you live can drastically affect long-term value, according to a recent SmartAsset study.

The lower-ranked markets tend to be in so-called rust belt states: former manufacturing hubs that have experienced long-term industrial declines.

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15 lowest-ranked metro markets, for long-term home value

1. Flint, MI 2. Monroe, MI 3. East Stroudsburg, PA 4. Detroit-Dearborn-Livonia, MI 5. Rockford, IL 6. Kokomo, IN 7. Saginaw, MI 8. Bay City, MI

1. Mansfield, OH 2. Toledo, OH 3. Warren-Troy-Farmington Hills, MI 4. Lawton, OK 5. Jackson, MI 6. Lansing-East Lansing, MI 7. Cleveland-Elyria, OH

Past performance does not guarantee future results, the study provides some insight into a given market’s desirability over time.

How were these cities ranked?

SmartAsset examined home prices dating back to 1997 across 400 metropolitan areas in the U.S. and ranked each based on home value growth and price stability, which is the probability that a home will experience a price decline of 5% or more at any point in the 10 years after it is purchased.