Two cities in New York are among the ten most affordable housing markets in the United States
'11.02.2021'
Lyudmila Balabay
The study was based on an assessment of a combination of factors including the average home price, average income, and average annual property taxes.
So, the cheapest accommodation in New York State can be found in the city Rochester... It was ranked 6th in the top 10 most affordable housing markets in the United States.
- Average home price here in 2020 - $ 151
- Median Base Salary: $ 41 per year
- Average annual property tax - $ 2
- Utilities cost slightly less than $ 200 per month
However, experts noted that Rochester does not have good long-term economic potential and will suffer without "major federal and corporate investment."
The list also includes a city located on the shore of the lake Buffalo (9th place in the rating):
- The average cost of a home there in 2020 is $ 184
- Median Base Salary: $ 41 per year
- Average annual property tax - $ 1
- Utility bills - $ 194 per month
On the subject: What the cheapest apartments in Manhattan look like: a review from a realtor
Ranked cities in other states:
1. Detroit (Michigan)
- Median home value in 2020 - $ 59
- Median Base Salary - $ 36
- Average annual property tax - $ 1
- The cost of utilities is just under $ 300
2. Cleveland (Ohio)
- Median home value in 2020 - $ 140
- Median Base Salary - $ 47
- Average annual property tax - $ 1
- Utilities cost just under $ 200
3. Toledo (Ohio)
- Median home value in 2020 - $ 95
- Median Base Salary - $ 37
- Average annual property tax - $ 1
- Utilities cost - about $ 200
4. Memphis (Tennessee)
- Median home value in 2020 - $ 123
- Median Base Salary - $ 38
- Average annual property tax - $ 1
- Utilities cost - about $ 158
5. Baltimore (MD)
- Median home value in 2020 - $ 191
- Median Base Salary - $ 50
- Average annual property tax - $ 2
- Utilities cost - about $ 241
7. Milwaukee (Wisconsin)
- Median home value in 2020 - $ 167
- Median Base Salary - $ 41
- Average annual property tax - $ 3
- The cost of utilities is a little more than $ 200
8. Montgomery (Alabama)
- Median home value in 2020 - $ 192
- Median Base Salary - $ 39
- Average annual property tax - $ 500
- Utilities cost - $ 238
10. Kansas City (Kansas)
- Median home value in 2020 - $ 170
- Median Base Salary - $ 37
- Average annual property tax - $ 1
- Utilities cost - $ 194
