5 great areas to purchase a house for under $250,000
These cities have more inexpensive housing than others.
Realtor reported that 19% of listed houses saw price decreases in July, the most since 2017. Mortgage rates were decreasing from their June highs We looked for interesting cities where the median property price was $250,000 or less (psst: in some cases, that budget might even buy you a home with an in-ground pool).
1-Omaha, Nebraska’s largest city
Omaha is home to Warren Buffett’s Berkshire Hathaway, but it has much more to offer. Omaha, formerly considered as the gateway to the West, is the origin of the Reuben sandwich, Top 40 radio, and the TV supper. Henry Doorly Zoo and Aquarium offers 160 acres of immersive ecosystems; Durham Museum is set in an Art Deco structure; and Old Market has cobblestone alleys with art shops, cafés, and stores. Nebraska is a major meat producer, hence Omaha has several steakhouses, including 801 Chophouse at the Paxton.
$271,446 average house value
487,300 population
10.2% cheaper than U.S.
2-Pittsburgh
After its steel sector declined towards the end of the 20th century, Pittsburgh has become a magnet for medical and biotech enterprises. Since 2000, the city has spawned 155 life sciences startups. The Andy Warhol Museum, Carnegie Museum of Art, Pittsburgh Ballet Theater, August Wilson African American Cultural Center, and four Pittsburgh Cultural Trust art galleries are among the city’s cultural attractions. Chengdu Gourmet and 40 North both have James Beard-nominated chefs.
$235,267 average house value
300,431 population
12.5% lower than U.S.
Here are the lowest mortgage rates.
3-Chattanooga, Tennessee
Chattanooga has abundant with natural beauty, including Lookout Mountain, home to the country’s tallest and deepest subterranean waterfall. Outdoor enthusiasts will enjoy Rock City, a hiking site with panoramic vistas, and Raccoon Mountain Caverns, which has 5.5 miles of trails through crystal-filled tunnels. The Chattanooga Market is an open-air crafts and farmer’s market with live music. Chattanooga has izakaya and New Orleans-style cajun seafood.
$285,178 average house value
182,113 population
16.2% cheaper than U.S.
4-Tallahassee
Over half of Tallahassee’s people have a bachelor’s degree or above, thanks to Florida State University and Florida A&M University. The beautiful sand beaches along the Gulf of Mexico are only 22 miles from Tallahassee. Tallahassee, located between Jacksonville and Pensacola, includes 24 art galleries and 15 museums. 25 miles distant is St. Mark’s National Wildlife Refuge. Leave your car at home and take the free trolley to one of the city’s eateries, including the Edison, a converted power plant.
$266,278 average house value
191,102 population
6.2% cheaper than U.S.
5-El Paso and Juarez, Mexico
El Paso has the El Paso Zoo, El Paso Museum of Art, and Franklin Mountains State Park, one of the largest urban parks in the U.S. El Paso’s Taft Diaz and Café Mayapán feature authentic Mexican meals served by job-trained women.
$201,398 average house value
6,784,15 population
18.6% cheaper than U.S.