Are you dreaming of purchasing a move-in ready house for under $100,000? Look no further! In this informative video by Reventure Consulting, the host shares the top 10 cities in America where affordable housing is still an option. While some of these cities might have specific challenges, they provide great opportunities for potential homebuyers.
**YouTube Video**: [Top 10 Cities where you can Buy CHEAP HOUSES (for less than $100,000)](https://youtube.com/watch?v=FzJJJM39C_E)
Reventure Consulting is a channel dedicated to providing valuable insights and data on the housing market. The host uses their expertise to analyze market trends, affordability, and potential investment opportunities. Their goal is to help viewers make informed decisions when it comes to buying or investing in real estate.
**Key Takeaways:**
1. **Youngstown, Ohio**Â
Despite its struggling housing market, Youngstown offers houses with affordable price tags, such as a three-bedroom, two-bathroom house for $115,000.
2. **Brownsville, McAllen, and Rio Grande, Texas**
These border towns boast reasonable home prices, with some options ranging from $75,000 to $170,000. However, the influx of population due to Elon Musk’s SpaceX facility may impact future affordability.
3. **Peoria, Illinois**
With a median household income of $65,000, Peoria offers an attractive value-to-income ratio. A three-bedroom, two-bathroom house can be purchased for as low as $90,000.
4. **Texarkana**
This town located on the border of Arkansas and Texas offers affordable housing options, with a typical home price of $149,000. Texarkana has experienced positive population growth over the years.
5. **Binghamton, New York**
Once one of the most expensive cities in America, Binghamton now offers affordable housing with a typical home price of $158,000. However, the city’s population decline and lack of economic opportunities should be considered.
6. **Albany, Georgia**
While the typical home price in Albany is $146,000, high crime rates and a declining population might affect future home values.
7. **Houma, Louisiana**
Houma has the highest cap rate in America, making it an attractive option for real estate investors. However, population decline and recent hurricane devastation require careful consideration.
8. **Charleston, West Virginia**
With a struggling economy, Charleston offers affordable housing options, such as a three-bedroom, two-bathroom house for $99,000. However, the city’s economic challenges may impact home values.
9. **Huntington, West Virginia**
Similar to Charleston, Huntington’s struggling economy results in affordable homes, like a four-bedroom, two-bathroom house for $107,000.
10. **Danville, Illinois**
The most affordable city on the list, Danville offers houses for as low as $75,000, with a typical home value-to-income ratio of 1.4. However, the city’s economic decline and declining population should be considered.
While these cities offer affordable housing options, it’s important to conduct thorough research and consider factors such as employment opportunities, crime rates, and potential for future growth before making a purchasing decision.
