As the housing market becomes more and more of a nightmare, it’s always nice to focus on the little things. Even though the house across the street is being sold for a preposterous number, there are still cities where owning a home is a possibility.
A study by Badeloft USA shows how easy it is to buy houses in these 10 cities, based on average house prices, monthly net salaries after tax, basic living costs, and disposable income.
Ready to pounce on an affordable house? Take a look in one of these 10 places.
1. Detroit
Average House Price: $74K
Monthly Average Net Salary: $3,527
Monthly Cost of Living: $1,115
Disposable Income: $2,411
Years to Required to Save for House: 2.6
2. El Paso, Texas
Average House Price: $223K
Monthly Average Net Salary: $4,763
Monthly Cost of Living: $1,232
Monthly Disposable Income: $3,531
Years to Required to Save for House: 5.3
3. Indianapolis
Average House Price: $222K
Monthly Average Net Salary: $4,523
Monthly Cost of Living: $1,114
Monthly Disposable Income: $3,409
Years to Required to Save for House: 5.4
4. Oklahoma City
Average House Price: $196.9K
Monthly Average Net Salary: $3,766
Monthly Cost of Living: $1,187
Monthly Disposable Income: $2,578
Years to Required to Save for House: 6.4
5. Philadelphia
Average House Price: $218.K
Monthly Average Net Salary: $4,069
Monthly Cost of Living: $1,347
Monthly Disposable Income: $2,722
Years to Required to Save for House: 6.7
Trending on Cheapism
6. Chicago
Average House Price: $295.7K
Monthly Average Net Salary: $4,955
Monthly Cost of Living: $1,281
Monthly Disposable Income: $3,674
Years to Required to Save for House: 6.71
7. San Antonio
Average House Price: $251K
Monthly Average Net Salary: $4,112
Monthly Cost of Living: $1,035
Monthly Disposable Income: $3,077
Years to Required to Save for House: 6.8
8. Dallas
Average House Price: $305.6K
Monthly Average Net Salary: $4,912
Monthly Cost of Living: $1,190
Monthly Disposable Income: $3,721
Years to Required to Save for House: 6.84
Sign up for our newsletter
9. Houston
Average House Price: $264.8K
Monthly Average Net Salary: $4,305
Monthly Cost of Living: $1,117
Monthly Disposable Income: $3,188
Years to Required to Save for House: 6.9
10. Louisville, Kentucky
Average House Price: $240K
Monthly Average Net Salary: $3,932
Monthly Cost of Living: $1,075
Monthly Disposable Income: $2,857
Years to Required to Save for House: 7.0
For more real estate tips and news, sign up for our free newsletters.
