Most Budget-Friendly Towns to Buy a Home in the US

 

 

 

 

Compared to the rest of the world, properties in the US are more affordable. One strong reason is that the US has lower construction costs. If you are thinking of relocating your family to the US, there are a number of towns with opportunities to help you buy a home.

To judge your purchasing power, it would be advisable to consider cities rather than states. The states of Florida and New York, for example, seem expensive to newcomers in all respects. But there is always a short list of affordable cities in every big region. We have dug out the 5 best cities in the US that would help make a home purchase economic.

These 5 Cities You May Choose To Live To Save Money 

Lexington, Kentucky

The city of Lexington is one of the cheapest cities in the United States. Lexington is the second-largest town in Kentucky by population. Aside from homes, the city has low-cost condos and townhouses to proffer.

The median home list price is $339.9K in Lexington in 2023. Although the city is seeing a year-over-year hike in home prices, it might still be cheaper than many others from the southeastern part of the United States. Moreover, the growth rate is relatively lower than the nation's average. 

Naples, Florida

A resort beach community town should never be cheap- that’s what ill-advised people say. Morally, home seekers are never priced out of Naples. More than 20 available listings can be found in Naples today that are worth from $175,000 to $300,000. If you choose a single-bedroom home or you just have the minimal space requirement, there are homes available below $100K.

Mount Pleasant, New york

Most residents own a home in Mount Pleasant, NY, which is because buying a home makes more sense than renting. Living in Mount Pleasant you get the suburban feel with all the town facilities.

Mount Pleasant is one of the finest places to live in New York. The median list price in Mount Pleasant is $800k supported by a 5.4% increase in home prices for townhomes, houses, and condominiums altogether. Home price begins at $300K. The supply of Mount Pleasant real estate is higher than that of other municipalities in Westchester County. 

NY real estate experts are expecting home prices will rise by 10X in the next 10 years. So, it is time for home hunters should make a move to purchase their home in this wonderful location at a fair price.

Streator, Illinois

What can ever be more suitable than a median price of $96,000? Streator offers you homes with such a moderate price level. The average sale price of homes was $45K in late December of 2022. Still, it is not too late. The city allows you to take a little more time to decide about real estate investment. But don’t be a slowpoke to miss out on everything in this discounted city. 

It sounds more advantageous to buy rather than rent a house in Streator. The state of Illinois is home to some of the cheapest cities to live in. But Streator is the elite of them.

The cost of subsistence in Streator is an important determinant. The overall average living cost including utilities, groceries, health care, services, and transportation is less expensive than at the federal level. In addition to such financial benefits, the city of Streator boasts a bulk of outdoor activities that let you live in joy.

Green Bay, Wisconsin

Green Bay placed itself on the list of most affordable cities in the US. Housing is much cheaper in Green Bay than in other locations across the country. Its residents devote only one-fifth portion of their income to housing. Green Bay improves the quality of life with its high employment offer and net migration. Additionally, the city people enjoy a 9% lower cost of living than the national average.   

The average home value in Green Bay, WI is $211K. It is the best time to relocate to the city to avoid upcoming surges. Green Bay has seen a 12.8% increase in home prices compared to the previous year. Also, this housing market is partially competitive. 

In fall, there is always a rise in the count of listings for homes, but it leads you to enjoy cut-price if you stand by. Budget-friendly homes come with seasons. The most appropriate time to buy a home is in winter when owners are glad to get their homes sold by accepting a shortened price.

Think how amazing it would be if you could manage to get both the right time and city to find your home! It is going to match your budget beyond any doubt.