If you’re buying a home for the first time, you want to save money. But with home prices rising around the country, it can seem difficult. However, there are still a few places in the country where you can buy a home at a reasonable price!
Housing is expensive. Anyone buying a home for the first time is bound to be hit with that reality early on. The median home price in the United States is currently around $200,000. Now depending on which city you current live in, you have one of two reactions:
THAT much? or THAT little?
Location matters greatly in real estate. It matters so much, it’s often repeated thrice. Location, location, location! Across the country, home prices vary widely. What’s more, location also changes the value of what you get. A $200,000 home in Manhattan, New York is likely to be very different from a $200,000 home in Manhattan, Kansas.
Thankfully, there are a few cities which have a strong housing market for first-time buyers who are looking to settle down while saving.
If you’re buying a home for the first time, consider these locations.
Why These Cities?
For the most part, the cities on this list have strong housing markets with relatively inexpensive homes and conditions that favor first time buyers such as a track record of consistent value and growth.
Of course, remember the caveat: it’s all about location. Some of the cities on this list may have lower prices, but that doesn’t mean a home won’t still cost you. Property taxes, homeowners insurance, and more will add to the cost of your home.
There’s a lot to consider when buying a home for the first time. The first thing to decide upon is where you want to live! Buying a home is an investment in your future. It’s also generally a long-term commitment so being sure is important.
At the same time, plenty of people are looking to sell their home and move for work, retirement, or to be closer to family.
In any case, City vs City can help you make an informed decision when deciding where to move to.
What is City vs City?
City vs City is a powerful cost of living calculator. In fact, it’s the first cost of living tool which uses real, local data curated at the zip code level to determine your cost of living. Taxes, home prices, and more vary widely. The costs in Manhattan, New York are not the same as the costs in Buffalo, New York.
City vs City goes deep to determine what your expenses would be based on the zip code of your choosing. Input your current cost of living expenses and let City vs City’s powerful algorithm go to work. As a result, you will see a side by side comparison of the costs in your current city as well as your prospective city.
City vs City helps you see your expenses before you make the decision to move. If you’re looking to buy a home for the first time, don’t make a move without downloading the City vs City app first!