Top 15 cities where you can buy housing for less than $ 250 000
Most Americans find it a good time to buy a home. The survey was conducted by the National Association of Realtors. However, the survey showed that people with higher incomes more than people with lower incomes believe that you can now buy a house.
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“It's no wonder that as income rises, the process of buying a home becomes less tangible,” said Laurence Young, chief economist at the National Association of Realtors. Given that the average home price in the US is $ 289 000 dollars, it is not surprising that people with low wages are unlikely to find this time suitable for buying a home. But this does not mean that now there is no affordable housing.
Edition GOBankingRates found 15 cities where the average cost of a house is below the national average and the quality of life is at an appropriate level. But it is one thing to find a cheap house and quite another to find an inexpensive house in an area with a low crime rate, affordable cost of living and many amenities. The study examined the largest cities in the United States, where the average cost of housing is less than $ 250 000 based on the Zillow online real estate database for 2019 year. The study also took into account other criteria, such as:
- Living standards
- Average income
- Crime rate on 1000 residents
- Unemployment rate among residents aged 20 to 64 years
- Percentage of population living below the poverty line
- Annual living wage
15. Lubbock, TX
2019 average housing prices: $ 192 284
Quality of Life Index: 78
Average annual revenue: $ 47 326
Unemployment rate from 20 to 64 years: 4,1%
Percentage of people living below the poverty line: 15,05%
Violent crime rate on 1000 residents: 5,23
Property crime rate on 1000 residents: 40,16
Annual cost of living (excluding housing): $ 16 972,04
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14. Edinburgh, Texas
2019 average housing prices: $ 189 394
Quality of Life Index: 84
Average annual revenue: $ 45 038
Unemployment rate from 20 to 64 years: 5,2%
Percentage of people living below the poverty line: 16,16%
Violent crime rate on 1000 residents: 3,32
Property crime rate on 1000 residents: 38,41
Annual cost of living (excluding housing): $ 16 902,63
13. El Paso TX
2019 average housing prices: $ 181 938
Quality of Life Index: 79
Average annual revenue: $ 44 431
Unemployment rate from 20 to 64 years: 6,5%
Percentage of people living below the poverty line: 12,3%
Violent crime rate on 1000 residents: 3,87
Property crime rate on 1000 residents: 18,89
Annual cost of living (excluding housing): $ 17 584,80
12. Amarillo, Texas
2019 average housing prices: $ 196 590
Quality of Life Index: 78
Average annual revenue: $ 51 198
Unemployment rate from 20 to 64 years: 3,5%
Percentage of people living below the poverty line: 11,04%
Violent crime rate on 1000 residents: 7,6
Property crime rate on 1000 residents: 44,04
Annual cost of living (excluding housing): $ 17 273,25
11. Garland, Texas
2019 average housing prices: $ 223 212
Quality of Life Index: 79
Average annual revenue: $ 55 637
Unemployment rate from 20 to 64 years: 6%
Percentage of people living below the poverty line: 9,79%
Violent crime rate on 1000 residents: 3,15
Property crime rate on 1000 residents: 30,24
Annual cost of living (excluding housing): $ 19 900,66
10. Fort Wayne, Indiana
2019 average housing prices: $ 166 539
Quality of Life Index: 76
Average annual revenue: $ 45 853
Unemployment rate from 20 to 64 years: 6,5%
Percentage of people living below the poverty line: 12,03%
Violent crime rate on 1000 residents: 3,59
Property crime rate on 1000 residents: 31,91
Annual cost of living (excluding housing): $ 16 251,49
On the subject: What type of housing can I rent in major US cities for $ 1500
9. Corpus Christi, TX
2019 average housing prices: $ 213 000
Quality of Life Index: 80
Average annual revenue: $ 53 626
Unemployment rate from 20 to 64 years: 4,8%
Percentage of people living below the poverty line: 10,5%
Violent crime rate on 1000 residents: 7,28
Property crime rate on 1000 residents: 36,28
Annual cost of living (excluding housing): $ 17 741,79
8. McAllen, TX
2019 average housing prices: $ 216 250
Quality of Life Index: 85
Average annual revenue: $ 45 057
Unemployment rate from 20 to 64 years: 7%
Percentage of people living below the poverty line: 15,05%
Violent crime rate on 1000 residents: 1,46
Property crime rate on 1000 residents: 28.08
Annual cost of living (excluding housing): $ 16 863,44
7. Abilene, TX
2019 average housing prices: $ 190 475
Quality of Life Index: 83
Average annual revenue: $ 46 093
Unemployment rate from 20 to 64 years: 4,1%
Percentage of people living below the poverty line: 10,94%
Violent crime rate on 1000 residents: 5,3
Property crime rate on 1000 residents: 30,62
Annual cost of living (excluding housing): $ 17 591,34
6. Joliet, Illinois
2019 average housing prices: $ 169 927
Quality of Life Index: 71
Average annual revenue: $ 63 359
Unemployment rate from 20 to 64 years: 6,8%
Percentage of people living below the poverty line: 7,69%
Violent crime rate on 1000 residents: 3,64
Property crime rate on 1000 residents: 17,77
Annual cost of living (excluding housing): $ 18 450,28
5. Cedar Rapids, Iowa
2019 average housing prices: $ 170 111
Quality of Life Index: 76
Average annual revenue: $ 56 828
Unemployment rate from 20 to 64 years: 3,8%
Percentage of people living below the poverty line: 8,18%
Violent crime rate on 1000 residents: 2,8
Property crime rate on 1000 residents: 37,45
Annual cost of living (excluding housing): $ 17 843,65
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4. Port St. Lucy, Florida
2019 average housing prices: $ 247 748
Quality of Life Index: 81
Average annual revenue: $ 54 046
Unemployment rate from 20 to 64 years: 6,3%
Percentage of people living below the poverty line: 8,06%
Violent crime rate on 1000 residents: 0,98
Property crime rate on 1000 residents: 11,23
Annual cost of living (excluding housing): $ 19 360,85
3. Sioux Falls, South Dakota
2019 average housing prices: $ 231 925
Quality of Life Index: 73
Average annual revenue: $ 56 714
Unemployment rate from 20 to 64 years: 3,2%
Percentage of people living below the poverty line: 7,92%
Violent crime rate on 1000 residents: 4,53
Property crime rate on 1000 residents: 28,74
Annual cost of living (excluding housing): $ 17 090,76
2. Sterling Heights, MI
2019 average housing prices: $ 211 950
Quality of Life Index: 80
Average annual revenue: $ 62 344
Unemployment rate from 20 to 64 years: 4,7%
Percentage of people living below the poverty line: 7,81%
Violent crime rate on 1000 residents: 1,91
Property crime rate on 1000 residents: 11,4
Annual cost of living (excluding housing): $ 19 982,22
1. Aurora, Illinois
2019 average housing prices: $ 217 813
Quality of Life Index: 72
Average annual revenue: $ 66 848
Unemployment rate from 20 to 64 years: 5,9%
Percentage of people living below the poverty line: 8,33%
Violent crime rate on 1000 residents: 2,58
Property crime rate on 1000 residents: 13,36
Annual cost of living (excluding housing): $ 18 054,13
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