Affordable Housing in the United States: Find Cheap Homes in These Areas

2023-08-17 22:40:25

By Grisel García August 17, 2023 at 4:40 p.m.

In the United States there are places where high-priced housing reigns supreme. However, there are others that have cheap houses, highly accessible to each person’s pocket. In this framework, the real estate company Zillow announced in which areas they are located.

For example, in metropolitan areas in the United States, the cheapest sites are “Pittsburgh, Pennsylvania, $208,599; Cleveland, Ohio, $218,987; Oklahoma City, Okla. $228,796″. Likewise, “Memphis, Tennessee, $235,979; St. Louis, Missouri, $244,279; New Orleans, Louisiana, $244,685.

According to “Detroit, Michigan, $246,107; Birmingham, Alabama, $249,721; Louisville, Kentucky, $251,541; Buffalo, New York, $252,443; Indianapolis, Indiana, $272,561; Cincinnati, Ohio, $274,843; San Antonio, Texas, $293,323; Kansas City, Missouri, $295,321; Houston, Texas, $304,919′′.

Areas of cheap houses

Other areas with cheap houses include: “Columbus, Ohio, $306,732; Chicago, Ill., $308,628; Milwaukee, Wisconsin, $331,480; Virginia Beach, Va., $337,642; Hartford, Connecticut, $340,662; Philadelphia, Pennsylvania $348,838″, reported As.

From June to July, “typical US home values ​​increased 0.9%,” according to the organization.

“The typical home value in the American Union is at an all-time high of $349,679, which is 1.4% higher than in July of last year,” he declared.

For their part, “the metropolitan areas that experienced the largest monthly increase in home values ​​in July were Hartford (2.1% increase since June), Pittsburgh (1.5%), Chicago (1.4%), New York (1.4%), and Boston (1.3%),” he said.

annual earnings

In relation to annual price gains, they were higher in “Hartford (5.7%), Richmond (5.4%), Philadelphia (5.3%), Miami (5.3%) and Milwaukee (5. 2%)”.

“In July, home values ​​grew in all of the largest metropolitan areas except for Austin, which saw a typical home value decline of -0.5% in July. Meanwhile, the slowest monthly growth was recorded in San Antonio (0.2%), Denver (0.2%), Birmingham (0.3%) and Memphis (0.3%).

The company Zillow reported that “it is expected that for the rest of 2023 the purchase conditions” of houses will improve.

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