(ThePennyWatcher.com) – Some of these prices are absolutely crazy when you think about it. Just take a look at some of these properties and your jaw will drop. There are a variety of factors other than price that would go into a solid real estate purchase, but as a start our team put together the top 5 cities and towns where the lowest medium prices are in the United States.
1. Detroit, Michigan:
The motor cits gets numer uno with a medium home price of $140,000. While Detroit’s reputation still has a way to go, it has seen a significant revitalization in recent years.
There a new companies within the tech space that has been attracting young professionals and investors.
2. Youngstown, Ohio:
Some call it “little Chicago” or “the steel town” but Youngstown comes in at $149,900
Youngstown’s proximity to major cities like Pittsburgh and Cleveland make it a hot spot for many individuals and families alike.
3. Memphis, Tennessee:
One of the greatest music cities of all time gets the silver medal here at $155,000
any big city has areas that aren’t too safe, aand Memphis is no different but it boasts a vibrant culinary scene and diverse culture.
With the emerging scene and revitalizing areas, it has been a nice spot for investors to look at purchasing and then renting out their properties.
4. Buffalo, New York:
Too cold for most peoples taste, but this chilly northern city has a ton of grit and history, and maintains a solid spot to invest. Buffalo’s medium home price is $160,000
Also, besides it’s affordability, Buffalo does get warm one in awhile and has great access to Lake Erie, which is a highly sought after destination.
5. Birmingham, Alabama:
Coming in at Cinco is the famous Birmingham, Alabaama with a median home price of $165,000
Birmingham has a vibrant downtown area and a growing tech sector. Some would say this city belongs higher on the list, and things will change. It has been a hot spot for investors because of its high return in recent years.
They call it “The magic city”
Honorable Mentions
A few others to not are West Virginia and Mississippi.
WV boasts a low cost of living and affordable housing, with median home prices hovering around $140,000. However, it’s very ruraal in most areas so that is tough for migrating folks looking for a younger crowd.
And similar to West Virginia, Mississippi offers affordability with a median home price of $145,000.
As mentioned there are a variety of factors othere than price to consider.
Cost of living, Job market, Crime rates, etc. All the best tools like realtor.com and others will provide you all of these statistics.
Best of luck in your search, we hope you build an empire!.
