Top 10 US Real Estate Markets Offering Affordable Property Prices

Whether a buyer will apply for regular, VA or FHA loans, their top priority is getting the best properties at the best price possible. Luckily, this is made possible as several cities within the United States offer the best property prices that will suit every buyer's budget.

Cleveland, Ohio

With a population of over 300,000, Cleveland, Ohio offers sweet deals when it comes to property. The city's average property price according to listings is around $65,000. Statewide listing offers an average of $204,000. Reports claimed that its home age's median range is around 60 years and with around 18 percent of unoccupied properties.

Buffalo, New York

Presenting an average property listing price of approximately $97,000, Buffalo, New York is one of the best cities to invest in for those who want to have easy access throughout the busy state. Its average statewide listing is at around $348,000 and with property median age of 65 years. The city's population at the time of gathering reports is about 260,000 with over 60 percent of residents doing white collar jobs. Reports state that its unoccupied properties' percentage is 14 percent.

Augusta, Georgia

This city in Georgia has an average property price listing of around $98,000, a thousand dollars higher than the average in Buffalo. Statewide property listing is about $196,000. Its estimated population is over 197,000, with over 50 percent of them are property owners. The number of property owners is a sign that the city has very affordable housing that is ideal for all individuals with varying budgets.

Radcliff, Kentucky

Though its average listing price is $30,000 higher than those in Buffalo and Augusta, Radcliff, Kentucky still has a competitive city listing of around $121,000 on the average. The city is probably the best choice for investors who are looking for less crowded city as its population is only over 23,000. The statewide listing is only $70,000 higher than the city listing and with much newer properties with median age of 19 years. As per report, the city has around 5 percent of unoccupied properties. Since the properties here are relatively new, people applying for FHA mortgage may find it easier to comply with the set standards in getting this loan.

Forest Park, Ohio

Forest Park's city average listing price is almost the same with Radcliff, only several hundreds of dollars cheaper. It also has lesser population at around 18,000 and a bit higher median home age of 29 years. Comparing the city's listing to the statewide average listing, the former's price is cheaper than the latter by around $84,000. Reports stated that 6 percent of properties are still unoccupied.

Kankakee, Illinois

Kankakee, Illinois has an estimated population of around 28,000. The city's average listing price is at around $120,000, which is significantly cheaper than the statewide average listing price of $302,000. This means that the city is indeed one of the cheapest real estate market within the state. This is probably due to the median property age of 48 years, of which 11 percent are still unoccupied.

Utica, New York

Utica's real estate market is similar with Kankakee's in terms of huge difference between the city and state average listing price. The city's listing show an average price of around $107,000, which is only several thousand dollars higher than the properties offered in Buffalo, which is in the same state. The difference probably due to the lower median property age of 63 years, two years younger than those offered in Buffalo. As per report, 10 percent of its total properties are still unoccupied.

Scranton, Pennsylvania

Offering a city average price listing of around $118,000, Scranton, Pennsylvania is also another competitive market when it comes to affordable real estate prices. It has an estimated population of around $77,000. The properties built in this city has median age of 68 years and with only 10 percent left unoccupied.

Lithonia, Georgia

With an average price listing of about $94,000, Lithonia is also another affordable real estate market in Georgia for those who are after cheaper properties. It has a small population of around 2,000 with over 50 percent doing white collar jobs. Despite having an average listing price, the properties within the city has median age of 32 years and with 11 percent unoccupied.

Lake Wales, Florida

Offering properties with average listing price of around $82,000, Lake Wales is also a great option for those who would like to experience lifestyle in Florida. Median property age is 26 years with 17 percent still available in the market.

Use the best mortgage rates in getting properties from these cities. They have access to key facilities while helping people get the perfect house at best prices.

Max is a native Phoenician who is working at The Eddie Mortgage Team. To learn more, read our new featured article about FHA Loan.