In an article in The Main Street Economist, “Is Rural America Facing a Home Price Bust?“, home price data trends for non-metro areas are discussed.
“This article reviews trends in newly released home price data for non-metro areas of the United States. In contrast to metro home values, rural values have fared relatively well so far. Rural America was largely bypassed by the national home price boom of the first half of this decade and thus seems likely to avoid much of the correction in U.S. home prices currently under way.”
The article further explains that rural home prices did not outpace income gains to the degree that metro-area home prices did, indicating more sustainable home values in rural areas like Hickman County.
