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With the housing market stabilizing, there are a number of places where buying is a safe bet (Detroit tops the list, according to The NYT). We looked at the most undervalued housing markets in the U.S. with the best stock--meaning a lot of beautiful homes are available at relatively inexpensive prices.

Detroit, Michigan

Detroit has been faced with rough times, but it may finally be on the upswing. At least, it is for the many creative types who are fleeing places like Brooklyn to continue pursuing their livelihoods in a city with affordable housing and a DIY mind-set.

Median home price: $135,000

What you’ll find: Rust Belt mansions with lots of square footage, Colonial brick exteriors and charming built-ins.

Louisville, Kentucky

One of the oldest and most historical cities west of the Appalachian Mountains, Louisville is a town rooted in tradition. It’s both cosmopolitan and bustling yet laid-back and charming.

Median home price: $145,500.

What you’ll find: Picturesque Colonial, Tudor and Georgian revivals with lush gardens built in quiet neighborhoods and surrounded by green space.

Tacoma, Washington

A little over an hour from Seattle and right on the Puget Sound, Tacoma is a great smaller-city alternative for starting a family. The Sixth Avenue district is the heart of revitalization, with plenty of shops, restaurants and live entertainment.

Median home price: $235,965

What you’ll find: Mostly railroad-style older homes (built as far back as 1895) that have been remodeled with modern amenities and stainless-steel appliances.

Buffalo, New York

This upstate New York city has the largest share of old homes (built 75-plus years ago) in the nation. Warning: You have to be OK with shoveling snow 900 times a winter.

Median home price: $129,400

What you’ll find: Large Victorians with classic woodwork, though likely requiring an interior update.


Memphis, Tennessee

Known as a friendly place for mom-and-pop businesses, Memphis is a good option for crafty entrepreneurs.

Median home price: $107,400

What you’ll find: Preservationists have been rescuing historic buildings from disrepair since the 1980s, which means good bones and room for creativity.

Provo, Utah

About an hour from both Salt Lake City and Park City, Provo is a solid investment for snowbirds seeking a more suburban vibe.

Median home price: $211,273

What you’ll find: A fair share of midcentury-modern ranch homes with ample backyards and views of the mountains.

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