Oshkosh, Wisconsin, the home of popular children’s brand OshKosh B’Gosh, now has a new claim to fame. The midwestern city boasts the hottest real estate market in the U.S., according to a new study from Realtor.com.
Oshkosh’s relatively affordable home prices, plus idyllic surroundings, including lakefront vistas, have catapulted the city to the top spot on the list of most desirable housing markets in the U.S. The combination of those two factors made it especially attractive to homebuyers as mortgage rates started to climb in 2022 and amid soaring home prices which have remained elevated across much of the country. The U.S. home price index up 47% compared with 2020.
“Situated on Lake Winnebago, Oshkosh offers buyers affordability in an idyllic setting,” Hannah Jones, senior economic research analyst for Realtor.com, said in a statement.
The median home price in Oshkosh is $374,000, coming in below the national median of $439,950 for July, according to Realtor.com, and appealing to budget-conscious homebuyers. The rankings factored in market demand, measured by property views on Realtor.com, plus market pace based on the number of active days properties remained listed on the site.
Across the U.S., growing land and home construction costs have been rising faster than Americans’ incomes since the 1960s, according to the Harvard Joint Center for Housing Studies. Homeownership is becoming such a financial burden that an April
