SitemapThe most affordable cities in America are those that combine good jobs with low housing prices. These cities offer a unique combination of economic, social and cultural advantages you won’t see in other, larger cities.
The National Association of Home Builders reported in November that US housing affordability had fallen to a ten-year low. But even with the record-high sale prices in 2022 and the equally steep mortgage rates, some American cities still have affordable housing for the average earner. It’s worthwhile to check out the cities that are most affordable if you want to enjoy a higher quality of life and move away from where you currently live. The cost of living will vary depending on the city, as well as housing costs and your budget.
There are many affordable options for those who want to move to a different city, but do not want to spend a fortune. The best cities for affordability are usually just outside major metro areas. These cities offer all of the benefits of a large city (jobs and things to do, as well as people to meet), without the high cost. For a city to make this list, it must have affordable housing, low rent, and a cost of living that is lower than the median wage.Realtor.com used economic and housing data in order to predict home price and sale growth in 100 major US metros. They then ranked the best places for people to buy an affordable house in 2023. Their methodology says that this year’s buyers can expect good deals in cities such as El Paso and Hartford, Connecticut, which have avoided the intense competition for home buyers and rapid price increases seen elsewhere in the country. In a market where the average home costs around $400,000 , the balance between price growth and home sales is a good indicator for the health of the housing market.Here are some of the top 10 affordable places (in no particular order) which you can consider.
Albuquerque # 1
Albuquerque, with its pleasant climate and low costs of living is no surprise to be one of the most affordable cities in America. It is also home of a diverse community that reflects the city’s long Spanish and Native American roots.Housing is scarce, but if you’re quick and creative, you can find an affordable apartment that fits your budget and lifestyle. Old Town Plaza, where the historic San Felipe de Neri Church is located, is lined with restaurants and art galleries that reflect this heritage.
Cincinnati # 2
Cincinnati is an excellent choice for those who want to live in a city that offers a lot of activities and attractions at a reasonable price. The city is also a favorite destination for tourists.More people are moving out of major cities as prices continue to increase. They want to live in a smaller city that has a lower cost-of-living. There are a lot of options for those who want to live somewhere affordable, but still have all the amenities a large city has to offer.
Indianapolis # 3
Indianapolis, Indiana is the perfect place to live for those who want to experience the advantages of a large city without having to break the bank. The city has low housing prices, an accessible airport and is easily accessible to the rest the country. This city offers a variety of cultural events, but also boasts a series of impressive parks and green areas that follow the White River’s footprint.There’s a great public transportation system in Indy, which includes the Pacers Bikeshare Program. It’s easier to get around than you think, especially if your home is in downtown Indy. Indianapolis is one the most affordable cities in America, with a median house price of under $200,000 as well as a cost of living below the average national rate. It also has an international airport, which makes it easy to get into and out of the city.
Fort Wayne, Indiana # 4
Fort Wayne is a great place to start a new career, open a small business, or raise a family. It has a low cost of living, and it offers quiet neighborhoods. Fort Wayne is a mid-sized metropolis in the Midwest. Residents have access to all the amenities that one would expect from a large city, such as excellent entertainment and a vibrant arts scene. Residents can also enjoy quirky events such as the yearly BuskerFest, which is devoted to street entertainers, and the bed race held annually during the Three Rivers Festival. Fort Wayne continues to be a major player in advanced manufacturing. Manufacturers like General Motors, BAE Systems and others have made major investments in the region’s economy. Fort Wayne has been undergoing a long term revitalization, with new housing options and economic developments centered around downtown and the Riverfront area. In older neighborhoods, younger residents are starting to return, wanting to live nearer downtown than in suburbs. Small shops, trendy restaurants, and breweries have also begun to follow. Fort Wayne remains a tradition-rich community. Residents are working to preserve the history of the region. Fort Wayne is home to more than 360 religious places.
Fayetteville, Arkansas # 5
Fayetteville, along with Bentonville and Rogers, has grown from a small community to become a hub of culture, commerce, and entrepreneurialism. Northwest Arkansas includes Walmart’s headquarters, Tyson Foods, and the University of Arkansas. Fayetteville is home to people from around the globe. The residents of Fayetteville are friendly. Community events are also well attended. There are dozens of nonprofits and volunteer organizations that offer a variety of ways to be involved in your community.Fayetteville, nestled in the Ozark Mountains attracts outdoor enthusiasts with its abundance state parks, green spaces, playgrounds, walking trails, and parks. The metro area is also home to a world-class performing arts center, a vibrant local food movement and live music venues.
Youngstown, Ohio # 6
Youngstown, located halfway between Pittsburgh and Cleveland. This Rust Belt town is experiencing a cultural and financial renaissance, combining rich history with the energy of a young generation.Youngstown is a typical Midwestern city. Residents are friendly, and they regularly get together to celebrate the community. Residents enjoy shopping in local Amish markets and farms. The downtown area is surrounded with farmland. Businesses are resurging in the area’s once-empty central business district, which includes restaurants, bars and galleries, while groups like the Youngstown Neighborhood Development Corporation work to revitalize the urban neighborhoods. The region’s strong work ethic is helping the revival to happen.
To read the full story from Nomad Lawyer, click here.