Housing everywhere is less affordable, but the affordability crisis is accelerating fastest in rural areas, according to an analysis by Redfin.
Many Americans chasing the dream of home ownership have turned to rural areas, where it’s more affordable and you can get more space for less. But while homes everywhere are becoming less affordable, the problem is actually accelerating faster in rural areas, according to new analysis by Redfin.
When Kristin Fuerstenberg bought her cabin in northern, rural Wisconsin five years ago, it was supposed to be a part-time thing. But she loved the change of scenery.
“I wake up every day, I look out at a lake, and you can`t beat that,” she said.
Like a lot of people who bought in the area around the time of the pandemic, she stuck around. She’s a realtor there in Oneida County and said, even now, inventory is low and prices are high.
Take the home she sold earlier this year: “3 bedroom, 1 bath little ranch. $350,000. And prior to 2021, that house probably would have been $170,000.” ...
When Kristin Fuerstenberg bought her cabin in northern, rural Wisconsin five years ago, it was supposed to be a part-time thing. But she loved the change of scenery.
“I wake up every day, I look out at a lake, and you can`t beat that,” she said.
Like a lot of people who bought in the area around the time of the pandemic, she stuck around. She’s a realtor there in Oneida County and said, even now, inventory is low and prices are high.
Take the home she sold earlier this year: “3 bedroom, 1 bath little ranch. $350,000. And prior to 2021, that house probably would have been $170,000.” ...
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- - Volume: 25 - WEEK: 48 Date: 11/24/2025 2:09:54 PM -