5 of the best cities to buy a house in 2023
Choosing to live in a city with lower housing and living costs could help stretch your budget further.
- Buying a house can be expensive, but if you choose to move to a lower cost city, you may be able to get an affordable home.
- Tulsa, Augusta, and Akron are a few US cities with cheaper housing and living costs.
Investing in a home is a big financial commitment. If you’re considering home ownership and have the flexibility to choose where you live, you might be wondering where the best places to buy are across the country.
Home prices vary widely across the country, so it’s essential to do your research before bidding and getting a mortgage. Luckily, there are fantastic places to live with reasonable property prices and affordable living costs. Here are five cities to consider.
1. Tulsa, Oklahoma
Tulsa is a popular city in Oklahoma. The town has a community atmosphere and is full of shops, restaurants and recreational activities.
According to Redfin, the median sale price of a home in August 2022 was $225,000. But that’s not all there is to love about Tulsa. Payscale.com notes that the cost of living in Tulsa is 14% lower than the national average.
2. Augusta, Georgia
Augusta, Georgia is another great place to buy a home. Near the South Carolina border, this city is home to the beautiful Augusta Riverwalk, which runs along the Savannah River. Data from Redfin shows the median sale price for homes in this city in August 2022 was $199,990.
Besides buying an affordable home, you can also live here without breaking the bank. budget. Payscale.com notes that the cost of living in Augusta is 13% lower than the national average.
3. El Paso, TX
If you’re thinking of moving somewhere in the southwest, you might want to look to Texas. El Paso is a city where real estate prices and the cost of living are affordable. Data from Redfin shows the median selling price of a home was $239,950 in August 2022. According to Payscale.com, the cost of living in El Paso is 10% lower than the national average.
4. Akron, Ohio
If you are ready to live in the state of Ohio, Akron is another city to consider. You can probably find a reasonably priced home to buy here. According to Redfin, the median sale price of a home was $135,000 in August 2022, which is well below the national average.
But the savings don’t stop there. You can expect to pay a reasonable cost of living in this area. Payscale.com data shows that the cost of living is 3% lower than the national average.
5. Green Bay, Wis.
Wisconsin is home to more than great cheeses and dairy products. It is also home to Green Bay, another of the best towns to buy a home. You can find a reasonably priced home here. Redfin data shows the median home sale price was $224,950 in August 2022.
Apart from having affordable housing options, the cost of living is also reasonable in this city. Payscale.com notes that the cost of living in Green Bay is 10% lower than the national average.
The current national median home sale price is $406,074. But that doesn’t mean it’s expensive to buy and live everywhere. If you’re looking in more affordable parts of the country, you might get a cheap home and enjoy a lower cost of living.
Buying a home could be a great decision depending on your personal finance Goals. But be sure to set your goals and research home prices and mortgage rates before you do.
Are you ready to know more? You can consult our list of best mortgage lenders to start planning.
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