10 American Cities Where Living Is Much Cheaper Than Others

The property market is dynamic, making it challenging to keep up. Additionally, the process of buying and selling homes has become more difficult as a result of the multiple elements at play, including the pandemic, rising mortgage rates, and a shortage of available property. Also, it has become more expensive. But not everywhere is like that. Some areas still have thriving housing markets, with low prices that partially buffer against the consequences of higher mortgage rates, according to recent research from Realtor.com. So, here is a list of the 10 most affordable American cities to buy a property in at the moment. But first, here's some background information on these cities. Currently, the majority of the cheap housing markets in the U.S. are located in places that once had vibrant economies as state capitals, centers of trade and transportation, or industrial or manufacturing hubs. During the city's peak days, a lot of housing was built to accommodate people moving there for jobs. However, the city experienced economic hardship and witnessed a decrease in population when industry departed the area, industries closed, or train routes were no longer in operation. Today, these cities have more housing options available at more affordable pricing than other major regions around the nation. These are the ten American cities with the least expensive markets, per data from Realtor.com -

1. Youngstown, Ohio

Median home list price per square foot: $95 Median home list price: $149,900

2. Scranton, Peenyslvania

Median home list price per square foot: $124 Median home list price: $225,000

3. Syracuse, New York

Median home list price per square foot: $130 Median home list price: $217,250

4. Wichita, Kansas

Median home list price per square foot: $134 Median home list price: $304,475

5. Jackson, Mississippi

Median home list price per square foot: $138 Median home list price: $299,000

6. Little Rock, Arkansas

Median home list price per square foot: $141 Median home list price: $298,873

7. Indianapolis, Indiana

Median home list price per square foot: $144 Median home list price: $300,000

8. McAllen, Texas

Median home list price per square foot: $144 Median home list price: $270,000

9. Columbia, South Carolina

Median home list price per square foot: $146 Median home list price: $308,900

10. Augusta, Georgia

Median home list price per square foot: $150 Median home list price: $311,575 Also, Read- Best Flight Travel Hacks You Need to Know