In which cities are the cheapest homes in the United States?

United States of America It is one of the most chosen destinations by foreigners to settle down and look for new job opportunities. The wide variety of states and its economic power position it as one of the most attractive places to live. However, There are some cities where houses are cheaper to settle in the North American country.

The coronavirus pandemic has caused a major change in the way we work with the implementation of home officeadded to the atypical rise in inflation in this type of country, which is why the vast majority of cities experienced changes in property values.

At the moment, the states of Michigan, Ohio and Illinois are the cheapest to live in the North American countrywhile others like New York, Hawaii, California and Miami are positioned as the most expensive states to settle in.

Similarly, price changes have made it more affordable to buy a home than to rent in some cities like Memphis, Pittsburgh, Birmingham, and St. Louis. On average, a buyer in these states paid between $100 and $400 a month less than renters.

Cities with cheapest homes: Flint, Michigan

Michigan and Ohio dominate the list of cheapest homes in the United States. In flint, mich.the average home price averages $31,000, while the percentage of homes with a value of less than $10,000 is as high as 11.4%.

The percentage of homes with mortgages reaches 40%, with an average household income close to $30,000. However, it also ranks as one of the most insecure cities in the country, with high rates of robberies and thefts.

Cities with cheapest homes: Saginaw, Michigan

Although its price is higher than that of Flint, houses in Saginawwhich has a population close to 200,000 inhabitants, the average value reaches 41,500 dollars and the percentage of homes where the resident is the owner is 55%.

The percentage of homes worth less than $10,000 is 4.5%, while the percentage of homes with mortgages is as high as 47%. Additionally, the median household income is close to $3,900.

Cities with cheapest homes: Youngstown, Ohio

youngstown it has the cheapest homes in Ohio, with an average home price of $46,900 and a mortgage-backed percentage of homes as high as 41.9%.

In turn, the percentage of homes with a value of less than $10,000 reaches 7.5%, the percentage of homes with resident owners is 56.2%, and the median income per household is close to $30,500.

Cities with cheapest homes: Detroit, Michigan

The state’s largest city (population 600,000) ranks as the third cheapest city in Michigan, with an average value near $53,000 and a 32.7% home mortgage rate.

In contrast, the percentage of homes with a value of less than $10,000 in Detroit is 5.4% and that of homes with a resident as owner reaches 47.6%. Additionally, the median household income is close to $32,500.

Cities with cheapest homes: East St. Louis, Illinois

east louis It is the cheapest city in Illinois to buy homes in the United States, with a median home price of $53,900 and a mortgage-backed rate of 32.5 percent, while homeowners-residents top out at 49.3 percent.

In turn, the percentage of homes worth less than $10,000 is as high as 2.9%, and the median household income is $24,000.

Cities with cheapest homes: Warren, Ohio

For its part, in Warrenwhich has a population of nearly 40,000, median home value is over $66,000, and median household income is $27,100.

Similarly, the percentage of homes worth less than $10,000 is 1.5% and that with mortgages is 46.6%. Furthermore, resident owners reach 52%.

Cities with cheapest homes: Jamestown, New York

jamestown it is the first and only New York city on the list (the percentage of homes worth less than $10,000 is just 0.8%), with a median home value of $66,400.

With a median household income of $34,700, the percentage of homes with a mortgage is 55.9% and the percentage where the resident owns is over 48%.