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Jan 10 - The top 10 US cities where you could buy a home for under $100,000


 


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 2 months ago '11        #1
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Sin 1921 heat pts1921
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Jan 10 - The top 10 US cities where you could buy a home for under $100,000
 

 
Buying a home isn’t usually cheap. In San Francisco, the median home costs more than $1.3 million. In New York City, it goes for nearly $700,000. Even the national median is just over $222,000.

In certain areas, though, it’s easier to find housing that’s more affordable.

Financial website 24/7 Wall Street, using data from the U.S. Census Bureau and Realtor.com, “reviewed the median home value in all census-designated places, cities and towns, with at least 100,000 residents, ” to find the places with the most single-family homes valued under $100,000.

Based on the data, here are the top 10 U.S. cities with the most homes under $100,000, as well as their median home values, home sizes, household incomes and five-year population change.

Detroit, Michigan
Median home value: $42,800
Share of homes worth less than $100,000: 85 percent
Median home size: 5.6 rooms
Median household income: $27,838
Five-year population change: -5.8 percent

Dayton, Ohio
Median home value: $66,500
Share of homes worth less than $100,000: 78 percent
Median home size: 5.3 rooms
Median household income: $30,128
Five-year population change: -1.2 percent

Cleveland, Ohio

Median home value: $67,600
Share of homes worth less than $100,000: 76.5 percent
Median home size: 5.2 rooms
Median household income: $27,854
Five-year population change: -2.3 percent

Lansing, Michigan
Median home value: $77,100
Share of homes worth less than $100,000: 71.1 percent
Median home size: 5.2 rooms
Median household income: $38,642
Five-year population change: 0.6 percent

Buffalo, New York
Median home value: $77,800
Share of homes worth less than $100,000: 61.6 percent
Median home size: 5.6 rooms
Median household income: $34,268
Five-year population change: -0.9 percent

Toledo, Ohio
Median home value: $78,600
Share of homes worth less than $100,000: 66.5 percent
Median home size: 5.5 rooms
Median household income: $35,808
Five-year population change: -2.8 percent

Rochester, New York
Median home value: $79,400
Share of homes worth less than $100,000: 66.2 percent
Median home size: 5.2 rooms
Median household income: $32,347
Five-year population change: -0.7 percent

Akron, Ohio
Median home value: $80,100
Share of homes worth less than $100,000: 67.9 percent
Median home size: 5.5 rooms
Median household income: $36,223
Five-year population change: -0.9 percent

South Bend, Indiana
Median home value: $81,100
Share of homes worth less than $100,000: 64.2 percent
Median home size: 5.6 rooms
Median household income: $37,441
Five-year population change: 0.6 percent

Brownsville, Texas
Median home value: $85,900
Share of homes worth less than $100,000: 60.3 percent
Median home size: 5 rooms
Median household income: $35,636
Five-year population change: 3.9 percent

Many homes on this list are located in areas that “have had slower-than-typical population growth in recent years, ” the report says. Cleveland, Detroit and Buffalo, for example, “have had declining populations for decades.” That reduced demand could explain why home values in these areas are lower.

On a national scale, after all, housing is getting more expensive: U.S. home values have gone up nearly 8 percent over the past year, according to Zillow, and are predicted to rise over 6 percent within the next year.

So if you do find a home for sale that seems like a steal, approach with caution.

“Bargains definitely exist, but buyers should go in with their eyes open,” says Realtor.com chief economist Danielle Hale. In some areas, she explains, ”$100,000 can buy a pretty decent home that maybe needs a little bit of updating.” In other places, however, “it might be a home that needs an awful lot of work and might be in not-yet-up-and-coming neighborhoods.”

If you’re looking to buy a home, take these steps to be sure you’re ready to . And check out these budgeting hacks and .

visit this link https://www.cnbc.com/2019 .. 0-dollars.html
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63 comments for "Jan 10 - The top 10 US cities where you could buy a home for under $100,000"

 2 months ago '13        #2
North!!! 440 heat pts440
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Not surprised most of these places have declining or minimal population growth

Man gotta see if I know or know someone that knows bout buffalo and upstate

+19   

 2 months ago '18        #3
StillSFamilyRep 4 heat pts
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Detroit
+8   

 2 months ago '16        #4
potorico1 27 heat pts27
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In before the Detroit bashing starts










At OP
+12   

 2 months ago '10        #5
AmazinJay 3 heat pts
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Dayton Ohio, my home city. Developers are already working to revitalize the downtown area of the city. When I went back home I've seen new modern flats up and a new state of the art library. They're about to reinvest into this historic building called the Arcade which will have multiple uses including retail, housing, and tech incubators by the University of Dayton. Point is this city is making moves and the real estate is a nice bargain. Same goes for Detroit. The downtown area is already expensive to live.
+9   

 2 months ago '12        #6
FrescoB 76 heat pts76
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 StillSFamilyRep said
Detroit
Hopefully they develop non downtown areas... Or the Eastside
+2   

Top 10 most slapped recently  2 months ago '17        #7
LeG.O.A.T 120 heat pts120
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Midwest living is just so affordable.
+7   

 2 months ago '05        #8
cluckaluck 245 heat pts245
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Akron in this beeeach
-3   

 2 months ago '17        #9
lucifershammer 17 heat pts17
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these places cant be any worse than the sh*t hole iam living in

but city life is not for me

maybe idk
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 2 months ago '18        #10
niruggg 46 heat pts46
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 North!!! said
Not surprised most of these places have declining or minimal population growth

Man gotta see if I know or know someone that knows bout buffalo and upstate

fu*king horrible, all these places are, who the fu*k wanna live there
+12   

 2 months ago '18        #11
niruggg 46 heat pts46
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 AmazinJay said
Dayton Ohio, my home city. Developers are already working to revitalize the downtown area of the city. When I went back home I've seen new modern flats up and a new state of the art library. They're about to reinvest into this historic building called the Arcade which will have multiple uses including retail, housing, and tech incubators by the University of Dayton. Point is this city is making moves and the real estate is a nice bargain. Same goes for Detroit. The downtown area is already expensive to live.
+5   

 2 months ago '13        #12
marietta92 27 heat pts27
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Rio Grande Valley the best kept secret if you got some money to play with
+7   

 2 months ago '13        #13
North!!! 440 heat pts440
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Detroit revitalizing from what I hear

Detroit neguses pool that money

And buy back the blocks
+11   

 2 months ago '18        #14
Datsallfolks 
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 marietta92 said
Rio Grande Valley the best kept secret if you got some money to play with
+1   

 2 months ago '16        #15
postemupndunkit 6 heat pts
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Lmaooooooo at that list

I’m cool on all those places
+13   

 2 months ago '04        #16
Youngporter 1 heat pts
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 North!!! said
Not surprised most of these places have declining or minimal population growth

Man gotta see if I know or know someone that knows bout buffalo and upstate

I got you fam I live in upstate
+2   

 2 months ago '12        #17
acefresh 23 heat pts23
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Foreclosures in Detroit might be goin for a pack of dutches n a 1/8th of some mids
+9   

 2 months ago '11        #18
greedy87 2 heat pts
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 postemupndunkit said
Lmaooooooo at that list

I’m cool on all those places
Big facts
+2   

 2 months ago '06        #19
illathruz 78 heat pts78
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"top" 10 us cities?

Throwing the word "top" around mighty loosely
+10   

 2 months ago '16        #20
Knucklez 4 heat pts
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 marietta92 said
Rio Grande Valley the best kept secret if you got some money to play with
i googled that sh*t and it looks like a buncha deserts and sh*t. Looks lonely than a mufu*ka, like some place you would just retired to when youre done wit bi*ches and life
+5   

 2 months ago '10        #21
ClustyMolecules 138 heat pts138
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 lucifershammer said
these places cant be any worse than the sh*t hole iam living in

but city life is not for me

maybe idk
Lived in the city for like 29ish years and finally got out a few years ago... there is some ish I definitely do miss; food, convenience/ corner stores, the outlandish stories that drive-by fiends will give you trying to bum money when you step out at night for a cig, almost getting stabbed in the chest because your football hit someone's car lol but all of that becomes irrelevant when you have your own drive way and don't have to worry about parking. Now whenever I go back in to the city I'm like how the f8ck did I deal with this sh1t for so long!
+6   

 2 months ago '15        #22
RuggedDrifter 6 heat pts
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Places with no jobs or diversity.
+5   

 2 months ago '13        #23
North!!! 440 heat pts440
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$59,896 | Props total: 50319 50319
The thumbnail

 2 months ago '04        #24
RETURNOFTHEKING 15 heat pts15
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cold cold cold cold cold cold cold cold cold mexico
+3   

 2 months ago '16        #25
ahonui06 1677 heat pts1677
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10 sh*tholes in the middle of the nowhere. This isn't a surprising report.

Location, location, location.
+3   

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