When people are looking to relocate, there are many factors that might influence their decisions to choose where they want to live. Some move for job opportunities, others to be closer to family. Some are looking for better education for their children while others want to be in the middle of the action.
And then there’s price. Admittedly, a low cost home can be pretty tempting to some.
If money is a big factor when it comes to deciding on the city and state you want to move to, read on to find out about some of the cheapest places to buy a home in the US. I spent some time browsing through Zillow and here is what I came up with.
New York City prices have been skyrocketing over the last few years so it may come as a surprise that you can live anywhere in New York cheaply. However, Buffalo tops the list as one of the most affordable cities.
The median cost of buying a home is $85,300, less than one third of New York’s overall housing prices which come in at $305,400. Residents save money on groceries, utilities, transportation and healthcare as well.
One of the nice things about Buffalo is it does not come with the cultural deprivations of other low cost areas. It has several museums, great schools, a major league sports team and most workers commute to work in just about 20 minutes.
Kansas City, MI
Kansas City is another affordable destination. Rental properties average around $850 a month while the median home cost is $146,300, just slightly cheaper than the rest of Missouri. Other expenses, like utilities, health care and transportation are also comparatively low making the city an attractive place to live cost-wise.
When it comes to things to do, well, Fats Domino didn’t right a song called ‘Kansas City’ for nothing. People love the city for its retro attractions and arcade bars. There are also plenty of government jobs available.
- First Time Home Buyer Loans
- Secrets For Timing The Real Estate Market
- Real Estate Negotiation Tips Every Home Buyer Should Know About
The lowest cost city so far, you can get a home in Dayton for as little as $50,600. That’s less then half the cost of other homes in Ohio which come in at a still affordable $140,700.
Dayton sits on the border between Ohio and Indiana and it’s a charming college town with no shortage of things to do. There are several art programs and the city offers economic resources to help small business owners. The health care system is thriving and, the best news yet, you can get a T-Bone steak dinner for just $10!
Not only are the houses in Birmingham, affordable, they’re beautiful. The city is known for it’s spectacular views and architectural aesthetics.
The median cost of housing is just $65,500, just about half of housing prices in the rest of the state. There are also a wide variety of neighborhoods to choose from including loft communities and ones with family friendly, tree-lined streets.
Aside from the low cost of living, Birmingham’s 500 plus restaurants make it a great destination for foodies. The weather is also enjoyable year round.
With housing costs coming in at $160,800, Louisville is not the most affordable city on our list when it comes to accommodations. However, the reduced health care, utility and food costs in the city more than make up for it.
In addition to its affordability, the city is also full of excitement. Some of its attractions include the Kentucky Derby and the Louisville Slugger Museum and Factory. Job seekers will also appreciate Louisville’s high employment rate.
Memphis has long been known as a center for music and great food. The fact that it offers affordable housing is just one more reason why people are flocking to this destination.
Renters can pay an average of $900 for a one bedroom unit while homeowners can find housing for around $136,200. Utility prices are also competitive and if you want to enjoy some of that great Memphis barbecue, you can do so without breaking the bank.
Average housing costs in Greenville are around $187,500 and the nice thing about that is, the city tends to keep stable with minimal fluctuations throughout the years. Utility, transportation and health costs are also relatively low.
Those that live in Greenville are just a short car ride away from the action in Atlanta and Myrtle Beach but you can have a great time just staying local. The city has plenty of museums, great places to eat and thriving downtown area. There are also abundant employment opportunities.
Colorado Springs, CO
With housing prices ranging at around $287,900, Colorado Springs may not be the cheapest place to live but it makes up for it with affordable health care. The city’s vibrant ski community means it has one of the fittest populations in the U.S. keeping health care costs low.
The ski community also means there are plenty of job opportunities and no shortage of activities for residents to enjoy. Oh, and did we mention that it’s absolutely beautiful?
Las Vegas, NV
This city is always developing and lately, it has not only offering more entertainment, it’s housing market it also thriving. You can get in on the ground floor by buying a home for around $273, 200.
It goes without saying that there is always plenty to do in Vegas and abundant job opportunities. However, there is always that temptation to spend that money so perhaps a break from the bright lights is a good idea every once in a while.
San Antonio, TX
San Antonio is known for being a hub for arts and entertainment so it may come as a surprise that houses can be bought in the city for a median price of just $175,400, Other benefits include its health conscious community that makes it one of the most sought after medical destinations in the country.
Residents can always find entertainment by venturing out to The Alamo or the San Antonio River Walk. The city also has beautiful scenery that can be enjoyed while hiking or driving.
If you are looking for an affordable place to live, these ten suggestions leave you with plenty of options. Which of these destinations will you choose?