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30 affordable US cities where the average home costs $250,000 or less by Paul DeMerritt on Dec 2, 2016, 2:08 PM It’s no secret that skyrocketing home prices are turning once livable cities into playgrounds for the rich. As the housing market recovers from the devastation of the 2008 economic collapse, median home prices are rising while many American’s wages are stagnating. However, those who have always dreamed of owning a home need not fret. Outside the rapidly growing megacities in America, there are a number of towns where opportunities are high and housing prices are well below $250,000. Many smaller cities such as Chattanooga, Tennessee are flush with high-tech industries, cultural events, and breathtaking scenery that rivals anything found in one of the country’s overpriced metro areas. Here are 30 cities, ranging from burgeoning municipalities to established boomtowns, where homeowners can settle down without collapsing into debt. SEE ALSO: The 15 US cities where residents have the healthiest finances DON'T MISS: Here's the salary you have to earn to buy a home in 19 major US cities 1. Albany, New York  New York’s capital is a city often overshadowed by the immensity of New York City. However, Albany offers the one thing New York City can’t — affordable home prices. The median home price in Albany hovers around $195,000, and has even gone down 9.4% from 2006 prices. In addition to the welcoming prices, Albany’s citizens are treated to a diversified job industry dominated by tech sectors, well-paying government jobs, and the healthcare industry.
2. Albuquerque, New Mexico  Nestled along the mighty Rio Grande river, Albuquerque, New Mexico has remained an ideal place for modest home prices and candidates seeking well-paying careers. The booming city’s median home prices sits at $187,000. Tech industries have flocked to the Southwestern metropolis, forming the New Mexico Technology Corridor. More conventional government jobs are also available, bolstered by a rich set of universities ranging from the University of New Mexico to National American University.
3. Atlanta, Georgia  Appropriately known as the “Jewel of the Southeast,” Atlanta, Georgia is easily the best place to do business south of the Mason-Dixon line. Global companies including Coca-Cola, Delta, Home Depot, Turner Broadcasting, UPS, and more call Atlanta home. In addition, recent infrastructure improvements such as the Beltline and Ponce City Market have made Atlanta a more attractive city for prospective home buyers. Where most cities with a high standard of living demand high incomes, Atlanta’s median home price is a scant $183,000.
See the rest of the story at Business Insider
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