Top 10 Most Affordable Housing Markets In 2007
July 7th, 2007 • Related • Filed Under
Earlier in the week we covered the Top 10 Least Affordable Housing Markets, today we will tackle the Top 10 Most Affordable Housing Markets. It is not a surprise to those who follow real estate that these markets are all on the midwest. The combination of shrinking populations and higher unemployment has caused there to be a housing glut in many of these areas.
So if you are looking for affordable housing, maybe you want to telecommute and bank some serious money, these are the cities that you could live very inexpensively.
Top 10 Most Affordable Housing Markets In 2007
- Kokomo, IN
- Lansing-East Lansing, MI
- Lima, OH
- Saginaw-Saginaw Township North, MI
- Bay City, MI
- Mansfield, OH
- Indianapolis-Carmel, IN
- Springfield, OH
- Youngstown-Warren-Boardman, OH-PA
- Dayton, OH
Flint, MI
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Comment by Still A. Hoosier on 7 July 2007:
Indy is my hometown and I love it, but the reason I left more than 20 years ago was rhe lack of employment opportunities along with the harsh winters. All the other locations mentioned in this article have exactly the same 2 issues. Now I’m about to retire and I think I’m coming back home! Winters have become less intense, housing is a GREAT bargain and employment will be a non-issue. When winter gets too nasty, I’ll rent an RV and hit the road.
Comment by Kevin King on 8 July 2007:
I’m surprised that there weren’t any cities in Arkansas on the list. Every Realtor I talk to across the state mention what a bargain buyers from other areas say that they feel they are getting in our market. I showed 5 homes today in Fort Smith, AR that all had over 2,000 sf for less than $160,000 with 4 bedrooms!
Comment by Visalia| Tulare CA Real Estate on 9 July 2007:
Well, if I could add a top 10 affordable places to live in California – I would add Visalia (Tulare County). We are still relatively affordable in comparison to other places in California.
Comment by Swintah on 9 July 2007:
Damn straight. I live in IN (Lafayette area), and Carmel is a steal. Not only that, but all of Northern Indy, Carmel, and Noblesville is growing ridiculously fast. Tons of new business and housing, as well as higher class people. I’d live there in a second.
I wouldn’t live in Kokomo, though. It’s squalorous and the lights on the main drag have horrific timing. I’m talking 20 minutes to travel 4.8 miles (I timed it). I don’t care how cheap it is, it’s still a hole.
Your local correspondent, signing off.