5 Great Cities Where Housing Is Super Cheap
Finding a Place Where the Living Is Easy
These days, more Americans are rediscovering the joys of urban living. The new metropolitan renaissance has many proponents, from younger people who want to be close to the action and have access, to the employment opportunities and amenities found in larger cities, to empty-nesters eager to live out their golden years surrounded by high culture and ample convenience.
The most popular destinations have seen dramatic increases in housing prices of late, but there are still plenty of great cities where buying into the American Dream is still affordable. Check out these five urban areas now, where homes are still super cheap.
Cleveland, Ohio is a city that has a lot going for it. It’s home to the second-largest theater district in the country, and only New York can boast more opportunities to see top-notch thespians perform. On hot days, locals flock to the gorgeous beaches of Lake Erie, which might as well be an ocean. Add in a world-class art museum, a renowned symphony orchestra, and a burgeoning culinary scene, and you’ve got an excellent place to live. Best of all, median home sale prices in Cleveland are well under $100k, making it a ridiculously affordable place to become a homeowner.
Yes, we know… Phoenix is hot. If you’re not cut out for the desert climate, then it may not be the best choice for you. But for sun worshipers, it’s hard to think of a better place to live. In the Valley of the Sun, it’s summer all year-round. Phoenix has a strong job market that’s anchored by household names in tech, retail, and finance; new graduates should have an excellent shot at securing gainful employment.
And there’s plenty to do and see here, too. Phoenix boasts a wealth of museums, a wide assortment of music venues and plenty of excellent spots to go hiking. Just don’t forget the water or sunblock. The median home sale price in Phoenix is currently just shy of $200k.
Tampa, Florida is currently a buyers’ market, which is good news for house hunters who are tired of being outbid and outplayed in over-hyped urban markets. Sales prices have been on a respectable, if modest upswing over the past few years, and they’re predicted to keep steadily ascending. Tampa locals say the job market could be stronger, but the city is known for its plentiful shopping opportunities, its excellent restaurants, and its highly respected school system. If you get a craving for sun and surf, Tampa is only a short jaunt from the beaches.
Detroit has been through some tough times, but it’s hard to beat the housing values on offer right now in the Motor City. Here, you can get a positively palatial home for the price of a tiny apartment in more expensive metros. Locals say the place still has a long way to go to regain its former grandeur, but the city appears to be poised for a renaissance.
Some big-name businesses have recently relocated to the downtown area, and it’s becoming something of a mecca for artistic types, which bodes well for future cultural development. Oh, and did we mention that median home sales price is a paltry $33,400? At that price, it’s very tempting to become a Detroiter.
Saint Louis is another housing market chock that’s currently full of bargains. Those in the know say the city is a hidden gem. Sure, Chicago gets more attention in the Midwest, but St. Louis offers a similar lifestyle for a lot less money. Everything is cheaper here, especially the housing – like, less than half the cost. And the homes here aren’t all run down, either. At any given moment, there are some really great historical homes being sold for fire-sale prices. St. Louis may be a bit scrappier that its fellow Midwestern metros, but residents like its grit and can-do spirit.
Get in on the Ground Floor
If you’re the type who appreciates the excitement of discovering the next big thing, then these housing markets may be right up your alley. They may not have the cache of more popular cities, but they’re extremely affordable, and each of them has its own, unique charm.