Whether you’re preparing for retirement or beginning a new chapter with your partner, a home is always a key part of that journey. However, with increasing costs across the board, staying within budget while finding the right home has become a challenge.
We compiled the list based on GoBankingRate’s report, which was curated after analyzing the 100 most popular US cities’ home values. The prices they mentioned were between Jan 2022 and Jan 2023 and below $250,000.
Norman, Oklahoma
- 2022 average home value: $227,192
Home to the University of Oklahoma, Norman offers a vibrant college-town atmosphere. The cost of living is moderate, with housing prices slightly above the national average.
However, this energetic city boasts a thriving arts scene and exciting nightlife. So for youngsters, it’ll be worth it.
Hampton, Virginia
- 2022 average home value: $233,401
Hampton, Virginia, is located on the shores of Chesapeake Bay. It provides a beautiful coastal setting with a slightly higher cost of living than the national average.
This historic city offers access to beaches, waterways, and other natural beauties. Plus, the crime rate is lower than the national average.
Des Moines, Iowa
- 2022 average home value: $179,879
Des Moines, Iowa, the capital city of Iowa, offers a very affordable place to live with a low average home price. This friendly Midwestern city is known for its focus on agriculture and a strong sense of community.
Winters can be harsh, so factor in those costs when considering your budget. The crime rate in Des Moines is lower than the national average.
Lynchburg, Virginia
- 2022 average home value: $216,265
Lynchburg, Virginia, offers a safe and affordable place to live. While the cost of living is lower than the national average, you’ll also find a lower crime rate, especially for violent crime.
Lynchburg blends city life with easy access to the outdoors. With a historic downtown and plenty of opportunities for hiking and fishing, your weekends won’t be bland.
Greenbay, Wisconsin
- 2022 average home value: $206,384
Green Bay, Wisconsin, boasts a friendly, close-knit community with a love for cheese and football. The cost of living is affordable, especially when it comes to housing. Just be prepared for cold and snowy winters, which can impact your heating costs.
Green Bay offers year-round activities, from winter sports to summer festivals. This ensures that you enjoy the outdoors no matter the season.
Joliet, Illinois
- 2022 average home value: $205,688
Joliet, Illinois, is a city on the rise, offering a mix of historic charm and modern development at an affordable price. While the crime rate is higher than the national average, some research can help you find safe neighborhoods.
Joliet provides a smaller-town vibe with easy access to the big-city amenities of Chicago. The area boasts parks, rivers, and other options for outdoor recreation, making it a good choice for nature lovers.
Fort Wayne, Indiana
- 2022 average home value: $195,509
Fort Wayne, Indiana, shines with a very affordable cost of living, particularly when it comes to housing. This family-friendly city offers a mix of urban amenities and a strong sense of community.
Fort Wayne prioritizes outdoor activities and festivals. This is why it even revitalized its downtown area, creating a vibrant space for residents.
Cedar Rapids, Iowa
- 2022 average home value: $187,941
Cedar Rapids, Iowa, is a safe haven with a crime rate lower than the national average. The city prides itself on affordability, especially in housing costs.
Just be prepared for harsh winters that might require some adjustments to your budget. This friendly Midwestern city is all about community events, arts, and enjoying the outdoors along the Cedar River.
