Open in App
  • U.S.
  • Election
  • Newsletter
  • GOBankingRates

    The 50 Best Places To Buy a Home for Under $250,000

    By Laura Beck,

    2023-12-22

    https://img.particlenews.com/image.php?url=4T6e72_0XsMrDu000

    A family home is one of the key elements for many Americans, providing a long-term solution to their housing and a real estate investment for their portfolio.

    Discover: Barbara Corcoran Says, ‘Forget About Florida,’ Move Here for Cheap Homes
    Find Out: 6 Genius Things All Wealthy People Do With Their Money

    However, in many places in America, housing prices have started to rocket so high that homeownership has become the sort of dream that’s only imaginable for the rich. When the median home value in your area is $1 million or more, a 20% down payment alone comes to $200,000.

    That’s why GOBankingRates has compiled a list of the best options for people who are ready to look beyond the beaten path for a place where buying a home is affordable and life is good. The study compiled the median home value from cities across the country, limiting itself to just those where prices are under a quarter-million dollars. It then added on factors like crime rates, unemployment and overall livability, scoring each and combining them to rank each city.

    So, see if your hometown is one of the places where you can expect to be able to buy a home for a price that’s not outrageous.

    https://img.particlenews.com/image.php?url=24kI0i_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    50. Bowling Green, Kentucky

    • 2022 average home value: $237,894
    • Livability score: 73
    • Median household income: $43,633
    • Unemployment rate: 3.2%
    • Percentage of people below the poverty line: 25.0%
    • Violent crime rate per 1,000 residents: 3.67
    • Property crime rate per 1,000 residents: 38.31

    Be Aware: 5 Types of Homes That Will Plummet in Value in 2024
    See: 5 Places in Florida Where Home Prices Are Still Cheap

    Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.

    https://img.particlenews.com/image.php?url=1RDM3I_0XsMrDu000
    ©Shutterstock.com

    49. Kansas City, Missouri

    • 2022 average home value: $212,643
    • Livability score: 58
    • Median household income: $60,042
    • Unemployment rate: 2.4%
    • Percentage of people below the poverty line: 15.0%
    • Violent crime rate per 1,000 residents: 14.58
    • Property crime rate per 1,000 residents: 42.70

    Know: 10 Things Frugal People Always Do When They First Buy a House

    https://img.particlenews.com/image.php?url=07w55v_0XsMrDu000
    gnagel / Getty Images

    48. Wichita, Kansas

    • 2022 average home value: $175,602
    • Livability score: 60
    • Median household income: $56,374
    • Unemployment rate: 2.9%
    • Percentage of people below the poverty line: 15.2%
    • Violent crime rate per 1,000 residents: 11.76
    • Property crime rate per 1,000 residents: 47.28
    https://img.particlenews.com/image.php?url=35g4AP_0XsMrDu000
    Sean Pavone / Shutterstock.com

    47. Montgomery, Alabama

    • 2022 average home value: $128,088
    • Livability score: 65
    • Median household income: $49,989
    • Unemployment rate: 2.5%
    • Percentage of people below the poverty line: 21.2%
    • Violent crime rate per 1,000 residents: 6.18
    • Property crime rate per 1,000 residents: 36.23
    https://img.particlenews.com/image.php?url=0I9rfx_0XsMrDu000
    Jon Bilous / Shutterstock.com

    46. Winston-Salem, North Carolina

    • 2022 average home value: $217,990
    • Livability score: 64
    • Median household income: $50,204
    • Unemployment rate: 3.1%
    • Percentage of people below the poverty line: 19.0%
    • Violent crime rate per 1,000 residents: 11.49
    • Property crime rate per 1,000 residents: 40.36
    https://img.particlenews.com/image.php?url=0c5Qoc_0XsMrDu000
    Sean Pavone / Shutterstock.com

    45. Columbus, Georgia

    • 2022 average home value: $138,836
    • Livability score: 60
    • Median household income: $50,542
    • Unemployment rate: 3.3%
    • Percentage of people below the poverty line: 19.5%
    • Violent crime rate per 1,000 residents: 7.17
    • Property crime rate per 1,000 residents: 26.34

    Learn: Why Florida’s Retirees Are Fleeing — And Where They’re Going Instead

    https://img.particlenews.com/image.php?url=0GzCkv_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    44. Evansville, Indiana

    • 2022 average home value: $167,195
    • Livability score: 58
    • Median household income: $45,649
    • Unemployment rate: 2.3%
    • Percentage of people below the poverty line: 19.9%
    • Violent crime rate per 1,000 residents: 7.44
    • Property crime rate per 1,000 residents: 36.71
    https://img.particlenews.com/image.php?url=3mvcOX_0XsMrDu000
    Paul Brady Photography / Shutterstock.com

    43. Springfield, Illinois

    • 2022 average home value: $135,537
    • Livability score: 61
    • Median household income: $57,596
    • Unemployment rate: 3.6%
    • Percentage of people below the poverty line: 18.5%
    • Violent crime rate per 1,000 residents: 8.38
    • Property crime rate per 1,000 residents: 38.12
    https://img.particlenews.com/image.php?url=388llt_0XsMrDu000
    Tiago_Fernandez / Getty Images

    42. Elkhart, Indiana

    • 2022 average home value: $185,429
    • Livability score: 65
    • Median household income: $43,868
    • Unemployment rate: 2.5%
    • Percentage of people below the poverty line: 19.6%
    • Violent crime rate per 1,000 residents: 12.85
    • Property crime rate per 1,000 residents: 31.40
    https://img.particlenews.com/image.php?url=36WvTO_0XsMrDu000
    dszc / Getty Images

    41. Lubbock, Texas

    • 2022 average home value: $195,999
    • Livability score: 68
    • Median household income: $54,060
    • Unemployment rate: 2.9%
    • Percentage of people below the poverty line: 19.4%
    • Violent crime rate per 1,000 residents: 10.85
    • Property crime rate per 1,000 residents: 38.53

    Find Out: Housing Market 2024: Zillow Predicts 5 Hottest Home Trends That Homebuyers Will Be Looking For

    https://img.particlenews.com/image.php?url=19Vo92_0XsMrDu000
    Jacob Boomsma / Shutterstock.com

    40. Lafayette, Louisiana

    • 2022 average home value: $202,790
    • Livability score: 73
    • Median household income: $55,329
    • Unemployment rate: 3.1%
    • Percentage of people below the poverty line: 19.5%
    • Violent crime rate per 1,000 residents: 6.04
    • Property crime rate per 1,000 residents: 41.26
    https://img.particlenews.com/image.php?url=31keuX_0XsMrDu000
    Mig Esc / Wikimedia Commons

    39. Topeka, Kansas

    • 2022 average home value: $159,014
    • Livability score: 61
    • Median household income: $50,870
    • Unemployment rate: 2.7%
    • Percentage of people below the poverty line: 15.2%
    • Violent crime rate per 1,000 residents: 7.11
    • Property crime rate per 1,000 residents: 45.16
    https://img.particlenews.com/image.php?url=0ilFAB_0XsMrDu000
    ©Shutterstock.com

    38. Corpus Christi, Texas

    • 2022 average home value: $205,269
    • Livability score: 69
    • Median household income: $59,993
    • Unemployment rate: 4.5%
    • Percentage of people below the poverty line: 17.0%
    • Violent crime rate per 1,000 residents: 8.79
    • Property crime rate per 1,000 residents: 32.65
    https://img.particlenews.com/image.php?url=0n8Uxa_0XsMrDu000
    mandritoiu / Shutterstock.com

    37. Pittsburgh, Pennsylvania

    • 2022 average home value: $211,339
    • Livability score: 75
    • Median household income: $54,036
    • Unemployment rate: 3.7%
    • Percentage of people below the poverty line: 19.7%
    • Violent crime rate per 1,000 residents: 5.98
    • Property crime rate per 1,000 residents: 30.02

    Next: Housing Market 2024: Avoid Buying a Home in These 4 California Cities

    https://img.particlenews.com/image.php?url=0UV0bl_0XsMrDu000
    MechanicSloth / Shutterstock.com

    36. McAllen, Texas

    • 2022 average home value: $195,966
    • Livability score: 81
    • Median household income: $52,422
    • Unemployment rate: 6.8%
    • Percentage of people below the poverty line: 21.0%
    • Violent crime rate per 1,000 residents: 1.82
    • Property crime rate per 1,000 residents: 18.27
    https://img.particlenews.com/image.php?url=107wUl_0XsMrDu000
    SeanPavonePhoto / Getty Images/iStockphoto

    35. Greensboro, North Carolina

    • 2022 average home value: $228,026
    • Livability score: 66
    • Median household income: $51,667
    • Unemployment rate: 3.6%
    • Percentage of people below the poverty line: 17.4%
    • Violent crime rate per 1,000 residents: 8.86
    • Property crime rate per 1,000 residents: 36.0
    https://img.particlenews.com/image.php?url=2f69Be_0XsMrDu000
    Mark Taylor Cunningham / Shutterstock.com

    34. Pasadena, Texas

    • 2022 average home value: $206,139
    • Livability score: 71
    • Median household income: $61,182
    • Unemployment rate: 3.9%
    • Percentage of people below the poverty line: 17.9%
    • Violent crime rate per 1,000 residents: 6.35
    • Property crime rate per 1,000 residents: 25.24
    https://img.particlenews.com/image.php?url=1BgU0f_0XsMrDu000
    Americasroof / Wikimedia Commons

    33. Kansas City, Kansas

    • 2022 average home value: $161,492
    • Livability score: 59
    • Median household income: $50,707
    • Unemployment rate: 2.4%
    • Percentage of people below the poverty line: 18.4%
    • Violent crime rate per 1,000 residents: 4.72
    • Property crime rate per 1,000 residents: 21.54

    Discover: 7 Safest and Cheapest Cities To Live in Florida

    https://img.particlenews.com/image.php?url=1FiCFZ_0XsMrDu000
    ©Shutterstock.com

    32. Louisville, Kentucky

    • 2022 average home value: $224,899
    • Livability score: 64
    • Median household income: $58,357
    • Unemployment rate: 2.7%
    • Percentage of people below the poverty line: 15.2%
    • Violent crime rate per 1,000 residents: 9.79
    • Property crime rate per 1,000 residents: 33.0
    https://img.particlenews.com/image.php?url=0r885Y_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    31. Wichita Falls, Texas

    • 2022 average home value: $147,753
    • Livability score: 75
    • Median household income: $50,856
    • Unemployment rate: 3.3%
    • Percentage of people below the poverty line: 18.5%
    • Violent crime rate per 1,000 residents: 5.82
    • Property crime rate per 1,000 residents: 31.59
    https://img.particlenews.com/image.php?url=3T9XJo_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    30. Grand Rapids, Michigan

    • 2022 average home value: $238,003
    • Livability score: 67
    • Median household income: $55,385
    • Unemployment rate: 3.1%
    • Percentage of people below the poverty line: 18.6%
    • Violent crime rate per 1,000 residents: 9.82
    • Property crime rate per 1,000 residents: 25.81
    https://img.particlenews.com/image.php?url=25tFe9_0XsMrDu000
    ©Shutterstock.com

    29. Lake Charles, Louisiana

    • 2022 average home value: $181,000
    • Livability score: 70
    • Median household income: $49,913
    • Unemployment rate: 3.0%
    • Percentage of people below the poverty line: 20.8%
    • Violent crime rate per 1,000 residents: 4.69
    • Property crime rate per 1,000 residents: 24.24

    Read: I’m a Real Estate Agent: 5 Cities Where Homes Will Be the Best Bargains in 2024

    https://img.particlenews.com/image.php?url=1SbE8L_0XsMrDu000
    Anya Douglas / Shutterstock.com

    28. Jacksonville, North Carolina

    • 2022 average home value: $205,393
    • Livability score: 71
    • Median household income: $47,483
    • Unemployment rate: 3.7%
    • Percentage of people below the poverty line: 16.3%
    • Violent crime rate per 1,000 residents: 3.76
    • Property crime rate per 1,000 residents: 19.09
    https://img.particlenews.com/image.php?url=4RZzJg_0XsMrDu000
    Giorgia Basso / Shutterstock.com

    27. Killeen, Texas

    • 2022 average home value: $213,014
    • Livability score: 67
    • Median household income: $52,072
    • Unemployment rate: 4.0%
    • Percentage of people below the poverty line: 15.7%
    • Violent crime rate per 1,000 residents: 6.19
    • Property crime rate per 1,000 residents: 17.18
    https://img.particlenews.com/image.php?url=1vxJeA_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    26. Davenport, Iowa

    • 2022 average home value: $160,993
    • Livability score: 69
    • Median household income: $56,315
    • Unemployment rate: 3.7%
    • Percentage of people below the poverty line: 15.8%
    • Violent crime rate per 1,000 residents: 6.63
    • Property crime rate per 1,000 residents: 36.16
    https://img.particlenews.com/image.php?url=2V3OXj_0XsMrDu000
    Darren56brown / Wikimedia Commons

    25. Warren, Michigan

    • 2022 average home value: $184,946
    • Livability score: 70
    • Median household income: $55,153
    • Unemployment rate: 3.2%
    • Percentage of people below the poverty line: 15.3%
    • Violent crime rate per 1,000 residents: 5.24
    • Property crime rate per 1,000 residents: 15.61

    See: I Retired Early: Why Real Estate Investing Was the Secret to My Success

    https://img.particlenews.com/image.php?url=4bmQzJ_0XsMrDu000
    WilliamSherman / Getty Images/iStockphoto

    24. Roanoke, Virginia

    • 2022 average home value: $224,331
    • Livability score: 75
    • Median household income: $48,476
    • Unemployment rate: 2.6%
    • Percentage of people below the poverty line: 18.4%
    • Violent crime rate per 1,000 residents: 4.90
    • Property crime rate per 1,000 residents: 38.77
    https://img.particlenews.com/image.php?url=2JwnPL_0XsMrDu000
    Joseph Sohm / Shutterstock.com

    23. Indianapolis, Indiana

    • 2022 average home value: $212,980
    • Livability score: 65
    • Median household income: $54,321
    • Unemployment rate: 2.2%
    • Percentage of people below the poverty line: 16.4%
    • Violent crime rate per 1,000 residents: 7.32
    • Property crime rate per 1,000 residents: 35.20
    https://img.particlenews.com/image.php?url=1pzBp2_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    22. Laredo, Texas

    • 2022 average home value: $196,466
    • Livability score: 72
    • Median household income: $55,603
    • Unemployment rate: 3.7%
    • Percentage of people below the poverty line: 22.2%
    • Violent crime rate per 1,000 residents: 3.15
    • Property crime rate per 1,000 residents: 12.37
    https://img.particlenews.com/image.php?url=0rWtVO_0XsMrDu000
    ©Shutterstock.com

    21. High Point, North Carolina

    • 2022 average home value: $206,176
    • Livability score: 62
    • Median household income: $54,331
    • Unemployment rate: 3.6%
    • Percentage of people below the poverty line: 14.6%
    • Violent crime rate per 1,000 residents: 5.22
    • Property crime rate per 1,000 residents: 27.82

    Check Out: These 5 Cities Are Becoming Popular With Baby Boomers: Should You Consider Them for Your Retirement Years?

    https://img.particlenews.com/image.php?url=3XdOwX_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    20. Odessa, Texas

    • 2022 average home value: $198,665
    • Livability score: 63
    • Median household income: $66,769
    • Unemployment rate: 3.8%
    • Percentage of people below the poverty line: 13.4%
    • Violent crime rate per 1,000 residents: 5.92
    • Property crime rate per 1,000 residents: 25.98
    https://img.particlenews.com/image.php?url=0iztdh_0XsMrDu000
    BOB WESTON / Getty Images/iStockphoto

    19. Bryan, Texas

    • 2022 average home value: $239,999
    • Livability score: 73
    • Median household income: $49,181
    • Unemployment rate: 2.8%
    • Percentage of people below the poverty line: 23.5%
    • Violent crime rate per 1,000 residents: 5.79
    • Property crime rate per 1,000 residents: 19.60
    https://img.particlenews.com/image.php?url=1HrdXc_0XsMrDu000
    Long_Strange_Trip_01 / Getty Images/iStockphoto

    18. Columbus, Ohio

    • 2022 average home value: $235,400
    • Livability score: 73
    • Median household income: $58,575
    • Unemployment rate: 3.1%
    • Percentage of people below the poverty line: 18.4%
    • Violent crime rate per 1,000 residents: 5.96
    • Property crime rate per 1,000 residents: 33.16
    https://img.particlenews.com/image.php?url=3Vs5fj_0XsMrDu000
    ©Shutterstock.com

    17. Oklahoma City, Oklahoma

    • 2022 average home value: $182,569
    • Livability score: 69
    • Median household income: $59,679
    • Unemployment rate: 2.4%
    • Percentage of people below the poverty line: 14.9%
    • Violent crime rate per 1,000 residents: 6.29
    • Property crime rate per 1,000 residents: 37.37

    Learn: Barbara Corcoran Says Now Is the ‘Best Time’ To Buy a House: Here’s Why

    https://img.particlenews.com/image.php?url=1vR9jH_0XsMrDu000
    Sharon Day / Shutterstock.com

    16. Independence, Missouri

    • 2022 average home value: $177,135
    • Livability score: 71
    • Median household income: $53,996
    • Unemployment rate: 2.4%
    • Percentage of people below the poverty line: 14.3%
    • Violent crime rate per 1,000 residents: 5.52
    • Property crime rate per 1,000 residents: 35.88
    https://img.particlenews.com/image.php?url=0q19Ss_0XsMrDu000
    RossHelen / Getty Images/iStockphoto

    15. El Paso, Texas

    • 2022 average home value: $190,159
    • Livability score: 74
    • Median household income: $51,325
    • Unemployment rate: 4.0%
    • Percentage of people below the poverty line: 18.3%
    • Violent crime rate per 1,000 residents: 2.54
    • Property crime rate per 1,000 residents: 12.73
    https://img.particlenews.com/image.php?url=3MNBKX_0XsMrDu000
    NSA Digital Archive / Getty Images/iStockphoto

    14. Hamilton, Iowa

    • 2022 average home value: $241,626
    • Livability score: 74
    • Median household income: $50,034
    • Unemployment rate: 3.1%
    • Percentage of people below the poverty line: 16.4%
    • Violent crime rate per 1,000 residents: 4.92
    • Property crime rate per 1,000 residents: 31.95
    https://img.particlenews.com/image.php?url=3yQgCL_0XsMrDu000
    photoquest7 / Getty Images/iStockphoto

    13. Pensacola, Florida

    • 2022 average home value: $234,795
    • Livability score: 69
    • Median household income: $59,119
    • Unemployment rate: 2.3%
    • Percentage of people below the poverty line: 15.3%
    • Violent crime rate per 1,000 residents: 6.22
    • Property crime rate per 1,000 residents: 27.74

    Check Out: 3 Ways Upper-Middle-Class Retirees Stay Rich in Retirement

    https://img.particlenews.com/image.php?url=2vIoyd_0XsMrDu000

    12. Longview, Texas

    • 2022 average home value: $200,386
    • Livability score: 78
    • Median household income: $53,854
    • Unemployment rate: 4.0%
    • Percentage of people below the poverty line: 18.6%
    • Violent crime rate per 1,000 residents: 3.50
    • Property crime rate per 1,000 residents: 25.23
    https://img.particlenews.com/image.php?url=0aTkVD_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    11. Abilene, Texas

    • 2022 average home value: $174,950
    • Livability score: 75
    • Median household income: $54,493
    • Unemployment rate: 3.2%
    • Percentage of people below the poverty line: 15.4%
    • Violent crime rate per 1,000 residents: 4.78
    • Property crime rate per 1,000 residents: 20.68
    https://img.particlenews.com/image.php?url=1arZ9U_0XsMrDu000
    Gimas / Shutterstock.com

    10. Amarillo, Texas

    • 2022 average home value: $181,193
    • Livability score: 73
    • Median household income: $55,174
    • Unemployment rate: 2.6%
    • Percentage of people below the poverty line: 15.8%
    • Violent crime rate per 1,000 residents: 7.46
    • Property crime rate per 1,000 residents: 33.71
    https://img.particlenews.com/image.php?url=0305zJ_0XsMrDu000
    Malcom K / Flickr.com

    9. Tyler, Texas

    • 2022 average home value: $222,562
    • Livability score: 70
    • Median household income: $58,385
    • Unemployment rate: 3.3%
    • Percentage of people below the poverty line: 14.9%
    • Violent crime rate per 1,000 residents: 4.50
    • Property crime rate per 1,000 residents: 26.44

    Know: How Far a $100,000 Salary Goes in America’s 50 Largest Cities

    https://img.particlenews.com/image.php?url=0iPVzs_0XsMrDu000
    DenisTangneyJr / Getty Images

    8. Norman, Oklahoma

    • 2022 average home value: $227,192
    • Livability score: 76
    • Median household income: $59,866
    • Unemployment rate: 2.4%
    • Percentage of people below the poverty line: 16.7%
    • Violent crime rate per 1,000 residents: 3.17
    • Property crime rate per 1,000 residents: 31.23
    https://img.particlenews.com/image.php?url=47r4Gx_0XsMrDu000
    ©Shutterstock.com

    7. Hampton, Virginia

    • 2022 average home value: $233,401
    • Livability score: 72
    • Median household income: $59,380
    • Unemployment rate: 3.0%
    • Percentage of people below the poverty line: 14.4%
    • Violent crime rate per 1,000 residents: 2.87
    • Property crime rate per 1,000 residents: 24.99
    https://img.particlenews.com/image.php?url=0wJNzl_0XsMrDu000
    pabradyphoto / Getty Images

    6. Des Moines, Iowa

    • 2022 average home value: $179,879
    • Livability score: 75
    • Median household income: $58,444
    • Unemployment rate: 2.8%
    • Percentage of people below the poverty line: 15.3%
    • Violent crime rate per 1,000 residents: 6.32
    • Property crime rate per 1,000 residents: 31.89
    https://img.particlenews.com/image.php?url=44dUdr_0XsMrDu000
    ©Shutterstock.com

    5. Lynchburg, Virgina

    • 2022 average home value: $216,265
    • Livability score: 82
    • Median household income: $54,015
    • Unemployment rate: 2.9%
    • Percentage of people below the poverty line: 17.6%
    • Violent crime rate per 1,000 residents: 4.20
    • Property crime rate per 1,000 residents: 20.90

    Read: Net Worth Floridians: How Much to Be Poor, Middle-Class, or Rich in Florida

    https://img.particlenews.com/image.php?url=2kv1U9_0XsMrDu000
    Jacob Boomsma / Shutterstock.com

    4. Greenbay, Wisconsin

    • 2022 average home value: $206,384
    • Livability score: 70
    • Median household income: $55,221
    • Unemployment rate: 2.1%
    • Percentage of people below the poverty line: 15.4%
    • Violent crime rate per 1,000 residents: 4.54
    • Property crime rate per 1,000 residents: 15.22
    https://img.particlenews.com/image.php?url=0w0jz4_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    3. Joliet, Illinois

    • 2022 average home value: $205,688
    • Livability score: 70
    • Median household income: $77,373
    • Unemployment rate: 4.2%
    • Percentage of people below the poverty line: 10.7%
    • Violent crime rate per 1,000 residents: 5.05
    • Property crime rate per 1,000 residents: 11.51
    https://img.particlenews.com/image.php?url=2csso0_0XsMrDu000
    DenisTangneyJr / Getty Images/iStockphoto

    2. Fort Wayne, Indiana

    • 2022 average home value: $195,509
    • Livability score: 75
    • Median household income: $53,978
    • Unemployment rate: 2.2%
    • Percentage of people below the poverty line: 15.5%
    • Violent crime rate per 1,000 residents: 2.64
    • Property crime rate per 1,000 residents: 23.13
    https://img.particlenews.com/image.php?url=1PEkCr_0XsMrDu000
    Manuel Hurtado / Shutterstock.com

    1. Cedar Rapids, Iowa

    • 2022 average home value: $187,941
    • Livability score: 76
    • Median household income: $63,170
    • Unemployment rate: 3.5%
    • Percentage of people below the poverty line: 11.2%
    • Violent crime rate per 1,000 residents: 3.41
    • Property crime rate per 1,000 residents: 26.78

    Joel Anderson contributed to the reporting for this article.

    Methodology: In order to find the 50 best places to buy a home for under $250,000, GOBankingRates looked at the 100 most populous cities where home values from Jan. 2022 to Jan. 2023 did not go above $250,000 and had an average during that same period below $250,000 according to Zillow’s Jan. 2023 data. Once these 100 cities were identified, GOBankingRates looked at the following factors: (1) median household income as sourced from the United States Census Bureau’s 2021 American Community Survey; (2) an overall livability score out of 100 sourced from AreaVibes; (3) violent crime rate per 1,000 residents and (4) property crime rate per 1,000residents, both sourced from Neighborhood Scout; (5) Metropolitan Statistical Area unemployment rate from the Bureau of Labor Statistics’ preliminary data for December 2022; (6) percent of population living below the poverty line sourced from the United States Census Bureau’s 2021 American Community Survey; and (7) an annual cost of living expenditures estimate (groceries, healthcare, utilities and transportation), based on the Bureau of Labor Statistics’ 2021 Consumer Expenditure Survey and local cost of living indices sourced from Sperling’s Best Places. All factors were then scored and combined, with the lower score being best, and then ranked to give the final placements. All data was collected on and up to date as of March 9, 2023.

    This article originally appeared on GOBankingRates.com : The 50 Best Places To Buy a Home for Under $250,000

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0