Housing analysts spotlighted the nation’s 10 most economically viable cities for homebuyers, with a certain southern city claiming the top position, according to Daily Mail.
Leveraging data from the U.S. Census Bureau and Altos Research, Homebuyer.com utilized a algorithm to select the most budget-friendly cities across the country. The analysis delved into essential factors such as mortgage payments, property taxes, transportation expenses, and home insurance costs among America’s 800 Census-recognized cities.
Notably, the research pinpointed Macon, Georgia, as the current frontrunner for the most economical city for homeownership, where overall costs amount to approximately $1,892 per month.
Macon, Georgia: The Heart of Georgia
The most affordable city in the U.S. for homeownership offers a blend of rich history and affordability. Mercer University in College Hill adds to Macon’s appeal.
Detroit, Michigan: The Motor City’s Resurgence
Detroit takes the second spot on the list with an average monthly cost of $1,921. The city has experienced a resurgence in recent years, marked by population growth and a thriving arts scene.
Gary, Indiana: “The Magic City” on Lake Michigan
Monthly living costs in Gary average around $1,931. The city’s Dollar House Program and revitalization efforts contribute to its affordability and attract new residents.
Flint, Michigan: Vehicle City’s Rejuvenation
Flint has faced economic challenges since the decline of General Motors. However, recent revitalization efforts have rejuvenated the city. Flint offers an average monthly homeownership cost of $738, making it an affordable option.
Toledo, Ohio: The Glass City’s Revitalization
Located on the shores of Lake Erie, Toledo has gained recognition for its affordability and ample housing supply. The Glass City’s ongoing revitalization efforts, including a burgeoning entertainment district, contribute to its attractiveness for homeowners. Monthly homeownership costs average $932.
Syracuse, New York: Outdoor Activities and Affordability
With mortgage payments averaging $1,002 per month, the city faces high demand and low housing inventory, making homebuying a challenge.
Canton, Ohio: Urban Renaissance and Arts District
Canton, once a heavy manufacturing center, has experienced a significant urban renaissance since the mid-2010s. Homebuyers benefit from mortgage payments averaging $1,063 per month and a growing arts district in the downtown area.
Springfield, Illinois: Capital City’s Appeal
Springfield, the state’s capital, boasts above-average public schools, a diverse population, and a reputation as one of the best places to buy a home, with an average monthly homeownership cost of $1,104.
Lansing, Michigan: Progressive City With Affordability
Michigan’s capital is recognized as a top choice for first-time buyers seeking affordability and progressive amenities. With a vibrant arts scene and an economy driven by technology and manufacturing, Lansing offers a monthly homeownership cost of $1,156.
Pontiac, Michigan: Economic Renaissance and Housing Boom
Known for its historical ties to General Motors, Pontiac has seen a boom in jobs and housing. Monthly costs for homeownership in Pontiac average $1,165, and it is a short commute from Detroit.
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