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Personally, I'd go for Oak Park. $388,000 (-5.4% Y-O-Y) with extremely famous architecture and a unique history.
The median Oak Park house's property tax bill is $11,000, or almost $1,000 a month, and pays about 3% in property value in annual taxes. Because people buy what their monthly income affords them, the difference between that tax bill and a typical, 1.1% tax bill, gets capitalized into prices elsewhere - and explains $100,000+ of the property price differential.
Same goes for Texas, which also has a state tax regime reliant on property taxes. Upfront prices aren't everything.
Cities that are extremely cheap right now such as Kansas City, St. Louis, Oklahoma city, or others in the Midwest or South won't remain that way for long. Those people fleeing CA and NY are basically just swapping decks on the Titanic, a short term fix and avoiding the inevitable. Everywhere in this country will become expensive and that's just a fact.
But Kansas City, St. Louis and Oklahoma City are not regarded as very desirable places to move to for good reason and why they are cheap and will stay that way in contrast to more desirable cities.
But Kansas City, St. Louis and Oklahoma City are not regarded as very desirable places to move to for good reason and why they are cheap and will stay that way in contrast to more desirable cities.
Kansas City metro area real estate prices are rapidly increasing in any area that doesn’t have blighted properties and high crime. Good luck finding any shack at less than $400K in Johnson County.
I don't think looking at averages is a good barometer for what cheap is.
Miami Beach is NOT cheap. Guessing that average is dragged down by tiny condo sizes.
Chicago is a very affordable city for its size, but if you want a SFH in one of the safer/better neighborhoods, get ready to shell out at least $800K. Go to a rough neighborhood and you can get a run down place for $150K. A bunch of those bring down the average.
Columbus, Oh maybe? Strong growth, one of the fastest growing major metros in the Midwest, considered pretty desirable, yet home prices are well below the national average. Maybe Indianapolis as well? Indianapolis is highly undesirable on CD, but it seems to be pretty desirable IRL, at least compared to other major Midwestern cities it's size. Also has inexpensive housing and COL relative to the rest of the US. Chicago is arguably one of the top 10 most influential cities in the entire world, yet still has housing prices more-or-less in line with the national average, so I would add Chicago too.
Pittsburgh. Median home listing = $230,000. Great livability, many low crime areas in both city and suburbs. Many amenities, cultural attractions (6 colleges and universities in city limits), dining, outdoor recreation.
Pittsburgh. Median home listing = $230,000. Great livability, many low crime areas in both city and suburbs. Many amenities, cultural attractions (6 colleges and universities in city limits), dining, outdoor recreation.
Yes, Pittsburg has been ranked as the world's most affordable city. Oklahoma City is ranked no. 2, but surely far more people would rather buy a home in Pittsburg. The weather in Oklahoma City is a year round nightmare to people who don't want to put up with it. If the wind isn't blowing hard, it's something else.
Pittsburgh. Median home listing = $230,000. Great livability, many low crime areas in both city and suburbs. Many amenities, cultural attractions (6 colleges and universities in city limits), dining, outdoor recreation.
Pittsburgh isn't really all that cheap. The overall COL is only slightly lower than Chicago's, according to Number.
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