11 Most Affordable Places in The US To Buy A Home
What is the biggest purchase in your lifetime? Most of you will answer: a house. However, home costs can differ a lot depending on the precise location, climate and local economy of the area. Today, let’s take a look at the 11 cheapest areas to buy a house in the US today.
1. Park Forest, Illinois
Park Forest is located an hour to the south of Chicago. The median price of a house is around $73,000 and the median household income is $48,319. Park Forest is considered to be one of “America’s Most Livable Suburban Areas” by Forbes Magazine. It also has numerous sports fields and one of the most popular outdoor swimming pool in Illinois.
2. Utica, New York
The average home price in Utica is around $92,000 whereas the median household income is around $31,000. The city was once famous for manufacturing and textiles. Nowadays, the economy relies heavily on tourism, technology, logistics and industrial services. The city is located 90 miles away from Albany and 45 miles away from Syracuse.
3. Jamestown, New York
The famous actress Lucille Ball was born in Jamestown, New York. Here, you can buy a house from around $61,250 and the median household income is $31,128. It is also only 71 miles south of Buffalo, which means you can have easy access to Niagara Falls and Canada. Other famous people from Jamestown includes Roger Goodell and Laura Kightlinger.
4. Detroit, Michigan
It is not that surprising that Detroit is one of the most affordable cities in the US. The city was once famous for its local automobile industry. With the decline of that industry, the city filed for bankruptcy in 2013. Even though in the past five years attempts have been made to improve the local economy, the median home price in Detroit is as low as $39,100 whereas the median household income is $26,095.
5. Palatka, Florida
Want to find a place to live in Florida? Palatka is a great place. The average home price is around $90,000 and the median household income is about $22,000. Palatka is home to the Florida Azalea Festival and the Blue Crab Festival. You can use the Florida Trail to explore parks and other places of interest in the state.
6. Wilkes-Barre, Pennsylvania
Wilkes-Barre is the hometown of former Senator and Vice President Joe Biden. The average price of a home is around $59,900 and the median income is around $31,361. Wilkes University and King’s College are located in the city, which helps improve the economy by attracting students and businesses to the downtown area.
7. Cleveland, Ohio
Last year, Lebron left Cleveland. Nevertheless, Cleveland is still a good place for you to purchase a house. The median price of a house is around $63,500 and the median household income is $26,179. Cleveland also features one of America’s best hospitals, the Cleveland Clinic. For sports fans, even though you will have missed Lebron James, you can still watch the Browns and Mayfield in the midst of their rebuilding process.
8. Geneva, New York
In Geneva, the median home price is around $92,500 and the median household income is about $31,600. It is only one hour away from Syracuse and Rochester and there are over 100 wineries in the region. Geneva was nominated for the All-America City Award in 2015.
9. Scranton, Pennsylvania
Not far from Wilkes-Barre, Scranton is another Pennsylvania town on this list. The city was the birthplace of well-known drugstore, Rite Aid. However, historically the city’s economy has relied highly on the coal industry and when it faltered, the city struggled financially. Nowadays, the average cost of a house is around $105,000 and the median household income is around $37,500.19.
10. Huntington, Indiana
In Huntington, you can buy a house for about $80,800 and the median household income is around $40,000. The city is well-known as “Lime City” as it is the site of many limestone quarries and kilns. If you choose to live here, you will have the opportunity to enjoy the beautiful scenery at Timber Lake and the Sunken Gardens, as well as partake in a bit of wine tasting at one of the many local wineries.
Augusta is famous for the legendary Masters golf tournament, held there each year. Surprisingly though, it won’t cost you all that much if you want to live there. The average price of a home is around $94,000 and the average household income is around $37,600. Local residents can also enjoy the Riverwalk, the Augusta Cana,l as well as the Phinizy Swamp Nature Park.