Zillow Projects 20 Affordable Housing Markets by Year's End
The latest in this situation
How it started
What happened
Zillow released projections stating that a mortgage payment on a typical home should be affordable in 20 of the nation's 50 largest metropolitan areas by the end of 2026, which is the most since 2022. The company noted that monthly mortgage costs have fallen $92 nationwide from last year. Separately, a Zillow Rentals analysis found that attending one wedding and one bachelor or bachelorette party costs about $2,010, which is comparable to the typical U.S. monthly rent of $2,072.
From zillow_ir, PR Newswire
Why it matters
The forecast indicates that affordability is expected to improve in most major markets, with Chicago, Atlanta, and Raleigh joining the list of affordable metros. However, the rental analysis shows that nearly half of Gen Z and millennials have made housing sacrifices to afford wedding celebrations, highlighting ongoing cost barriers for renters.
From zillow_ir, PR Newswire
Who's involved
- ZillowOnline real estate database that released the market projections
- ChicagoMetropolitan area cited as one of the affordable markets
- AtlantaMetropolitan area cited as one of the affordable markets
- RaleighMetropolitan area cited as one of the affordable markets
- HartfordMetropolitan area Zillow predicted would be the hottest market for 2026
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Hartford's housing trends may influence Arunan Arulampalam's policy focusHartford's housing market trends may influence Arunan Arulampalam's focusPossible
- Raleigh City Council may use Zillow data to guide local housing policyRaleigh City Council may adjust policy based on housing affordability dataPossible
- Zillow's Chicago market data may shift Baird & Warner's strategyZillow's Chicago market data may shift Baird & Warner's strategyPossible
- Zillow's market outlook may shift OpenDoor's transaction volumeZillow's market outlook may shift OpenDoor's transaction volumePossible
- Zillow data shows Chicago's housing affordability trendsZillow data shows Chicago's housing affordability trendsPossible
How it developed
Newest first. Tap a step to see who reported it.- Zillow ranks Birmingham and compares it to other major US cities regarding job quality and home purchase speed.Sub-event
- Analysis of older home ownership costs ranks several US metropolitan areas, including Fremont and Hartford, in the top cost indices.Sub-event
- The housing markets in Raleigh and Midlands experienced significant drops in net new orders and closings in August 2025.Sub-event
- Cost barriers are limiting buyer leverage in the housing market, according to recent data.Sub-event
- Austin and Raleigh are cited as metros with a high share of new construction.Sub-event
- Chicago, Denver, and Dallas lead in the number of converted apartments.Sub-event
- Zillow analysis published on May 20, 2026, identified Seattle, Hartford, and St. Louis as fast markets.Sub-event
- New Zillow forecast projects breathing room for renters.Sub-event
Show 3 earlier steps
- Zillow data released on May 20, 2026, shows renters saving more in Austin, Tampa, and Denver.Sub-event
Zillow predicts market trends, noting Hartford as the hottest and Chicago/Atlanta/Raleigh as affordable.1 source
Zillow's May 20 rankings showed Hartford and Buffalo leading best markets.1 source
Keep exploring
The entities involved
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Zillow
online real estate database
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Seattle
city in and county seat of King County, State of Washington, United States
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Chicago
city and county seat of Cook County, and largest city in State of Illinois, United States of America
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Atlanta
capital city of Georgia, United States
Related events
Coverage
Newest first; wire copies grouped- zillow_irZillow Group, Inc. - Homes should be affordable in 20 major markets by year's end, the most since 2022
- zillow_irZillow Group, Inc. - Indianapolis leads Zillow's list of the best markets to buy a home in 2026
- PR NewswireRent or RSVP? Gen Z, millennials make housing sacrifices to attend wedding events New Zillow Rentals analysis finds attending a wedding and bachelor or bachelorette party costs as much as rent One we
- Unknown outlet