Top Cities Where You Can Still Buy A Home Making 65k Per Year


Based on the latest Census Bureau information The median household income in America is about $71,000 and Zillow claims that the median house is worth $346,270..

However, what happens when the family's income is lower and is looking to save money on housing in the current market? In a recent GOBankingRates survey that surveyed more than 1,000 respondents, many are planning to achieve precisely that.

Around 4 percent of respondents are planning to spend less than $300,000.00 on the next house they buy -- and in a number of American cities, the possibility is possible. Recent research by Rocket Homes identified the 10 top cities where a salary of $65,000 wage is enough to afford a luxurious home.

"These cities are little gems hidden far from the bustling city chaos," said Aviva Sonenreich who is a Forbes Real Estate Council member and executive broker of Warehouse Hotline. "They aren't talked about in the city However, they do offer an amazing service: affordable homeownership. It is possible to say goodbye to tiny apartments and say hello to large homes without spending a fortune. However, affordability does not mean boring. Cities like these have varied economic systems, and industries such as manufacturing, healthcare, education and the government sectors flourish."

Wausau, Wisconsin

  • Median home price: $228,770
  • The estimated monthly mortgage payment: $1,482

A low rate of crime is what makes Wausau less risky than the majority of United States, and the city is located in more than 60 parks as well as green space. Wausau, a city with a population of 135,000, offers some of the finest outdoors and skiing on the planet in Wisconsin. Because of its vibrant employment market, the city's low unemployment rate has put it alongside it in the lowest five percent of America.

Lafayette, Indiana

  • Median home price: $240,078
  • Mortgage payment for the month of April: $1,347

There are nearly 225,000 residents, Lafayette is the home of Purdue University and the culture as well as the trade and Big 10 action it brings to the city. There is the highest median income for households under $55,000 and those earning six figures an additional $10,000 in cash or to spend. There is a lively city center, and a vibrant musical and performing arts scene, and hosts a variety of large events.

Columbia, Missouri

  • Median home price: $274,592
  • Monthly mortgage estimate: $1,603

Over 180,000 residents call Columbia their home and are within the highest 15 percent of America's best-nourished citizens. Due to Columbia's University of Missouri and some of the nation's top-rated schools for public education and universities, they're among the top cities in America. American Institute for Economic Research has ranked Columbia one of the nation's most desirable cities for learning. There are dozens of parks, an array of events and cultural celebrations, as well as some among the top outdoor recreational possibilities in the area.

Grand Forks, North Dakota

  • Median home price: $255,143
  • Monthly mortgage estimate: $1,531

The town is situated on the beautiful bank of the Red River on the border of Minnesota, Grand Forks is where you will find the University of North Dakota and numerous jobs which the university along with it's Altru Health System and Grand Forks Air Force Base Grand Forks Air Force Baseare bringing to town. Grand Forks' unemployment rate, which is less than 2% is among the most low in the United States as well as its massive population of professional students support the economy of this city.

Morgantown, West Virginia

  • Median home price: $212,961
  • Monthly mortgage estimate: $1,162

Residents of Morgantown have one of the nation's most affordable tax rates on properties and the city has the lowest monthly estimated mortgage amount in this ranking. The city is surrounded by West Virginia's gorgeous landscape, Morgantown is filled with trailways, parks with green spaces, as well as botanical gardens. Morgantown is located right in the middle of Big 12 country and has been called as one of the top cities to reside in America.

Bangor, Maine

  • Median home price: $244,145
  • Mortgage payment for the month of April: $1,525

The city's population is estimated at 152,000 residents, Bangor's inhabitants benefit from a lower sales tax amount than the 92 percent of America and pay a price of living that is just 16% lower than the average for all of America. Famous for being the birthplace of author Stephen King, its quaint town center is reminiscent of an earlier time. It was founded in 1791 and is among the oldest cities in the United States.

Pittsburgh

  • Median home price: $208,446
  • The estimated monthly mortgage payment: $1,330

The most celebrated of American's destination cities Pittsburgh can be considered a crucial connecting point connecting Pittsburgh and the East Coast and the Midwest. The city is situated at the intersection between three rivers, the Ohio, Allegheny and Monongahela rivers, Pittsburgh is known as the City of Bridges. It is a tourist destination that's all year round with festivals, entertainment as well as entertainment, arts and nightlife, the city is host to Steelers, Penguins and Pirates and the former has one of America's top ballparks. There are more than 2.3 million residents call Pittsburgh their home.

Chambersburg, Pennsylvania

  • Median home price: $252,282
  • Mortgage payment for the month of April: $1,537

Just five hours away from Pittsburgh about five hours from Pittsburgh is Chambersburg which is one of the most significant historical cities. It was founded in 1764 and was an important stop along the Underground Railroad and the staging location for John Brown's attack in Harpers Ferry -- Confederate forces burned it to surface after taking it over three times throughout in the Civil War. It's now a charming town filled with shops of a boutique as well as breweries, restaurants, and nightclubs with a virtually no crime rates.

Syracuse, New York

  • Median home price: $204,402
  • Monthly mortgage estimate: $1,501

The home of the school's Orangemen The Syracuse residents are more healthy than 75 percent of Americans. The city is home to more than 650,000 residents, Syracuse is a lake town with a stronghold on to the Western New York economy. It is a winter paradise during the winter months, the city has cultivated a vibrant culture that includes entertainment, art and nightlife, which is a perfect match with its numerous outdoor and natural activities.

Lansing, Michigan

  • Median home price: $222,711
  • The estimated monthly mortgage payment: $1,441

The city's population is 482,000 and a capital city of 482,000, Michigan provides the cost of living which is 21.4 percentage lower than nationwide average. An ethnically and culturally diverse city, it has a something-for-everyone vibe that's family-friendly while offering an impressive array of bars, restaurants and nightlife.


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