Most have hundreds of houses priced below $40,000, according to real estate research firm Zillow. Specifically, we considered the percentage of homes with at least two bedrooms, the five-year change in homeownership rate, two affordability metrics and three livability statistics. Home prices are low across Ohio, and Akron is no exception. 10 cheapest U.S. cities for buying a home. While houses in California’s major cities can get a bit pricey, there are plenty of smaller towns and cities where the cost of living is lower. According to the Census, the median age of the city is 25.8 years old. Even today, with the economy starting to recover in earnest, the city’s median home price is just $32,600. But there are great reasons to invest, such as: T ipping point: In certain neighborhoods, it can be more financially responsible to buy … The median listing price in the Mountain State is $165,000 – the lowest median price in the study. On top of great cash flow, values are on … Contrary to popular belief, buying a great big house of your own does not require a winning Mega Millions ticket or fat trust fund. Not all of these cities necessarily offer the lowest median prices across the country, but they do have some of the cheapest neighborhoods with the most affordable homes. In the city of Youngstown, the median home price is less than $40,000, so there are plenty of neighborhoods where deals can be found. The 5 Most Affordable Home Markets. Additionally, the city ranks in the top 25 of all 100 cities we considered for its high percentage of homes with at least two bedrooms (98.7%) and its low housing costs as a percentage of income (22.33%). You just need to look in … Best known for hosting the Master’s golf tournament each spring, Augusta is located along the banks of the Savannah River on the border of Georgia and South Carolina. More residents in Lexington, Kentucky have chosen to put down roots in recent years. The 10 Most Affordable Places to Buy a Lake House The city with the highest average ranking received a score of 100. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below. We also use third-party cookies that help us analyze and understand how you use this website. If you are looking for the cheapest cities to buy a home you came to the right place. Buffalo has a number of neighborhoods where homes can be purchased for less than $40,000, particularly along the city’s east side, as well as northern neighborhoods near the Niagara River. We looked at 100 of the largest U.S. cities across seven metrics. Ever wonder about the cheapest place to buy a house in Canada? In 2018, the median valued home was $268,900, while the median household income was less than $65,700. Have a question? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Perhaps all the residents here aren't so broke they have to live off Pecoscanned soup. Having moved on from its days in the 1950s and 60s as “Murdertown, USA,”  when gang activity surged, the city has been revitalizing itself for the past decade with the construction of upscale retail and residential developments, as well as fostering the growth of new technology companies through the Youngstown Business Incubator. If you want to live in one of the cheapest cities in the united states Ohio is the place. We'll assume you're ok with this, but you can opt-out if you wish. But the Michigan city, whose economy has been declining for decades amid the loss of manufacturing jobs and, more recently, the subprime collapse, isn’t alone. Explore the best cities to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. Toledo, Ohio. Still, it’s possible to acquire fully renovated properties in good Florida neighborhoods for under $193,000. Here’s what we found to be the eleven cheapest places in Florida to buy a home. But the median sale price is much lower: $271,600, according to online real estate database Zillow. Unlike other areas across the country, the city’s home prices haven’t started turning around yet, with a median price of just under $50,000. The average home price in Toledo is a modest $51,200, but in certain neighborhoods, you can find move-in ready homes for less than $35,000. Raleigh, North Carolina ranks in the top third for six of the seven metrics we considered, ranking particularly well for its high percentage of homes with at least two bedrooms (eighth-highest in the study, at 99.1%) and the high school graduation rate (19th-highest in the study, at 89.10%). Additionally, with the 20th-lowest housing costs as a percentage of income, homeownership is becoming more popular. Folks who want to buy a big, sprawling, historic home with five or more bedrooms should start their search in the Green Ridge neighborhood, where … ... but this town is about to get a massive boom. Additionally, for families looking to settle down, 99.2% of homes have two or more bedrooms, the seventh-highest rate for this metric in our study. Buying a home isn't usually cheap. West Virginia also ranks first for its low median value of the bottom third of homes, at $53,600. Major industries include aerospace, transportation, manufacturing, and financial services. Read more on how this ranking was calculated. Gilbert is also a relatively safe city. While the real estate market remains hot, it's possible to find some serious bargains out there. Home prices in Florida, Clearwater, and Saint Petersburg have risen more than 10 percent over the last year. Plano is the second-highest ranking Texas city in our study, following Arlington. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Check Out: Top Housing Markets to … How Much Do I Need to Save for Retirement? In 2018, Virginia Beach had the ninth- and third-lowest property and violent crime rates, respectively, of the cities we considered. An award-winning writer with more than two decades of experience in real estate. This category only includes cookies that ensures basic functionalities and security features of the website. 1) Deerfield Beach. 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