The 10 Cheapest Places in America To Buy a Home: Affordable Housing Options
-Cheapest places to buy a home
The average price of a home in the U.S. is now $226,800, according to the National Association of Realtors. That’s an all-time high, and up more than five percent from just last year. In some parts of the country, prices are rising even faster.
For many people looking to buy their first home or move up to a bigger one, it’s becoming harder and harder to find something affordable. More than half of homes sold today are priced out of reach for buyers earning the median income, according to Trulia Real Estate research. And things are only getting worse: By 2025, three-quarters of homes will be unaffordable for median-income earners, NAR says.
So where can you find an affordable home these days? We’ve crunched the numbers and come up with a list of the ten cheapest places to buy a home in America. All of these metro areas have median home prices below $200,000, and most are well below that mark. So if you’re looking for an affordable place to call your own, one of these cities might be just right for you.
Here are the ten cheapest places to buy a home in America:
So there you have it: the ten cheapest places to buy a home in America. If you’re looking for an affordable place to live, one of these cities might be just right for you. Of course, there are many other factors to consider when choosing a place to live beside the cost of housing. But if you’re on a budget and looking for a place to call your own, one of these ten cities could be a great option. Thanks for reading! We hope this list was helpful to you. Real estate can be expensive, but there are still many places where you can find a great deal on a home. So don’t give up hope – keep looking, and you’re sure to find the perfect place to call your own.