The Motor City may not produce anywhere near as many cars as it once did, but it’s now home to a burgeoning entrepreneurial and DIY scene. And as far as its real estate prices are concerned, there’s really nowhere to go but up: Detroit is the nation's most affordable housing market, with an average home price of just $64,110.
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- 10 Small Towns with Big Home Bargains
10 Small Towns with Big Home Bargains
Park Forest, Illinois
This village of around 22,000 people, located about 30 miles outside of Chicago, was built after World War II as a bedroom community. With its convenient commute to a major urban hub and an average home price of $78,392, the town may be a promising place for bargain hunters to scout.
Jamestown, New York
Known as a hard-luck town and also as the birthplace of Lucille Ball, this western New York community of 30,000 is surrounded by farms and a gorgeous downtown area, yet it's not too far from Pittsburgh. The average home price is $88,891.
Utica, New York
Utica may have lost the manufacturing plants that fueled its growth, but it still sits at the foot of the majestic Adirondack Mountains and boasts a downtown blessed with a trove of rich, historic architecture—not a bad setting at all for a home with an average price of $92,891.
With such advantages as coal, railroads, and the Susquehanna River, this valley city grew up fast, along with its neighbor, Scranton (see below). The average house goes for $94,436, and the city offers an easy escape to the nearby Pocono Mountains for summer hiking and winter sports as well as easy interstate access to big East Coast urban centers.
Calling all fans of The Office: Take a cue from Jim and Pam, and settle down in a sweet little house in Scranton, the home of their fictional employer, Dunder Mifflin. This scrappy Pennsylvania neighborhood of 570,000 residents offers choice pickings for budget-minded buyers, with an average home price of $108,842.
Home to golf's famous Masters Tournament, this lush, quiet town is surprisingly affordable. A typical home sells for $106,567.
Thrifty buyers should check out Palatka, a quaint town in North Central Florida on the St. Johns River, known for azaleas and blue crabs. You can grab your little piece of Florida sunshine at a cut-rate price, with the average abode going for $110,655.