By Quinn O’Hara

A partnership between the Wall Street Journal and Realtor.com found that Topeka, Kansas was the #1 emerging real estate market in America. The average home listing price was $250,000, which despite the price tag rising by more than $100,000 since 2019, is still 42% cheaper than the nation’s average. The report also found that homes in Topeka stay on the market an average of 30 days, which is 18 days shorter than the national average.

The report also notes that mortgage rates have risen to the highest they’ve been in two decades at 7.57%, which discourages homeowners from selling in favor of maintaining their much lower mortgage rates locked in from previous years.. This in turn has led to a sharp decrease in housing availability across the country.