SmartAsset, a personal finance technology company, has analyzed its second annual round of undervalued cities in the U.S. Each city had a projected price per square foot based on livability metrics such as unemployment rate, crime, high school graduation rates, number of entertainment and dining establishments, and walkability. SmartAsset then compared that number to the actual price per square foot.
In Charleston, buyers purchase homes for $106.75 per square foot, but SmartAsset estimates it should really be around $294.40 per square foot. That means buyers in the city save $187.65 per square foot, according to the analysis. Augusta, Ga., which landed second on the list, saw buyers saving about $158.36 per square foot.
View SmartAsset’s chart of the top 10 most undervalued cities in America for 2017.
Source: “The Most Undervalued Cities in America – 2017 Edition,” SmartAsset.com (June 22, 2017)
