Affordable Housing Opportunities Rise in 2025

Americans seeking affordable living in 2025 may want to steer clear of high-rent states like California and New York, where average rents stand at $2,795 and $3,400, respectively. Instead, smaller towns such as Cookeville, Tennessee and Mesquite, Nevada offer more manageable rents, with averages of $1,400 and $1,300, respectively. For those dreaming of waterfront property, there are affordable beach towns across the U.S., especially in states like Florida and Texas, where coastal living is still within reach. Meanwhile, Montgomery County, Maryland, is undergoing significant development, with projects like the redevelopment of Lakeforest Mall into a mixed-use space expected to provide 1,600 housing units. In Latin America, cities such as Quito and Córdoba present affordable real estate options amidst a cooling market in major capitals, despite challenges like rising crime and limited amenities. Ultimately, both U.S. and Latin American markets offer hidden gems for savvy buyers willing to navigate the complexities of these regions.