Top 10 cities in the US where you can buy affordable housing

Even in a tough housing market, you can find great deals in some cities. Where are these affordable housing havens? Lifehacker.

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Keeping up with the ever-changing housing market can be tricky. With so many factors such as the pandemic, rising interest rates and housing shortages, the process of buying and selling homes has become more complicated. And, in many cases, housing has become more expensive.

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But this is not the case everywhere. According to a new report by Realtor.com, "Some cities are still brimming with low-price housing that is somewhat insulated from the effects of higher mortgage rates."

10 Cheapest US Cities to Buy a Home Right Now

First, a few things to know about these cities. Most affordable housing markets in the US are now in cities that flourished at some point in their history—as industrial or manufacturing centers, transportation and shopping centers, or state capitals—and then declined sharply.

During the urban boom, a lot of housing was built to accommodate people moving there in search of work.

But as industry withdrew from the city, factories closed or rail lines stopped functioning, the city fell on hard economic times and its population dwindled.

Fast forward to today and these cities will have more housing at more affordable prices than other urban areas in the country. Here are the 10 cheapest markets, according to Realtor.com:

1. Youngstown Ohio

• Average house price per square foot: $95.
• Average house price: $ 149 900.

2. Scranton, PA

• Average house price per square foot: $124.
• Average house price: $ 225 000.

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3. Syracuse, New York

• Average house price per square foot: $130.
• Median list price for a home: $217

4. Wichita, KS

• Average house price per square foot: $134.
• Median list price for a home: $304

5. Jackson, Massachusetts

• Average house price per square foot: $138.
• Median list price for a home: $299

6. Little Rock, Arkansas

• Average house price per square foot: $141.
• Average house price: $ 298 873.

7. Indianapolis Indiana

• Average house price per square foot: $144.
• Average house price: $ 300 000.

8. McAllen, Texas

• Average house price per square foot: $144.
• Average house price: $ 270 000.

9. Columbia South Carolina

• Average house price per square foot: $146.
• Average house price: $ 308 900.

10. Augusta, GA

• Average house price per square foot: $150.
• Average house price: $ 311 575.

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