The cheapest homes in the U.S. are not necessarily foreclosures. According to Forbes Magazine, a number of variables should be considered in order to make a truly “cheap” home purchase. The process can be long and complex, but the end result is worth it.
How Locations Are Selected
Cheap homes mean nothing if the people living there are not happy and do not feel safe. Violent crime rates, job opportunities. salary information and the cultural landscape of an area are important as cost. The following cities are just a few with relatively cheap home prices:
Modesto, California: Home to a thriving arts community, this Northern California town is one hour away from Yosemite National Park.
Minneapolis-St. Paul, Minnesota: Twin Cities that are home to 19 Fortune 500 company headquarters. Coming in second to Chicago, the area boasts one of the largest economies in the Midwest.
Ann Arbor, Michigan: Home to the University of Michigan, Ann Arbor has been a hub of political activity, from civil-rights to anti-war rallies.
Knoxville, Tennessee: Inhabited since 1000 Before Common Era (BCE), the city is home to the University of Tennessee and a thriving arts community.
Durham, North Carolina: The largely Democratic city has an active political scene. Having Duke University in your court does not hurt.