The median list price of a home in these 10 cities ranged from $149,900 to $311,575.
Mortgage rates moved higher last week, likely frustrating would-be home buyers on the prowl for deals. For those who are looking for an affordable home, a new report reveals some of the cheapest cities for real estate in the U.S.
First place for the cheapest cities to buy a home goes to Youngstown, Ohio, where the median list price of a home was only $149,900. “While it has a history of steel production, the city’s downtown now houses start-up tech companies,” Bankrate added.Second on the list was Syracuse, N.Y. The median list price of homes in the city was $217,250.
Bankrate said that the city was a “heavy coal-producing town” in the 20th century, it’s going through a major restoration. Plus, it’s only a two-hour drive, or a three-hour bus ride to New York City.Here are the rest of the top 10 “cheapest cities” on the list:9. Columbia, S.C.Homeownership has become more unaffordable in light of recent moves in mortgage rates.
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