A family home is one of the key elements for many Americans, providing a long-term solution to their housing and a real estate investment for their portfolio.
However, in many places in America, housing prices have skyrocketed so high that homeownership has become a dream only imaginable for the rich. When the median home value in your area is $1 million or more, a 20% down payment alone comes to $200,000.
That’s why GOBankingRates has compiled a list of the best options for people who are ready to look beyond the beaten path for a place where buying a home is affordable and life is good. The study compiled the median home value from cities across the country, limiting itself to just those where prices are under a quarter-million dollars. It then added on factors like crime rates, unemployment and overall livability, scoring each and combining them to rank each city.
So, see if your hometown is one of the places where you can expect to be able to buy a home for a price that’s not outrageous.
