Top 5 U.S. Cities for Buying a Home
Thursday, June 02, 2016
Choosing a city to move to can be a challenging task that involves a lot of
pressure, especially if you're planning to purchase a home in the area. After
all, the surrounding property values and quality of life will directly influence
the outcome of your investment and will determine whether you'll enjoy or regret
the decision later on. Although great houses can be found in unknown places
throughout the country, there are certain cities that are known for being
excellent places to buy homes. With that said, here are five U.S. cities you
might want to consider when choosing a location for your upcoming home purchase:
1. Austin, Texas
The city of Austin is known as the “live music capital of the world” and is
often mentioned in lists like this for a number of other reasons as well. For
starters, the city has an unemployment rate that is much lower than the national
average, so jobs are plentiful. Also, they have no state income tax, 8 different
colleges/universities to choose from, a track record of having some of the
cleanest water, and an abundance of natural scenery surrounding the city. There
are also a number of luxury subdivisions like Avana, Meridian, Rim Rock and
Muirfield, offering great deals on brand new houses in the South Mopac area.
2. Boulder, Colorado
Situated just outside of downtown Denver, Boulder is known for its natural
beauty, providing a perfect environment for outdoor activities like camping,
skiing, biking, and hiking. This city is also ranked as the 17th
greenest city in the U.S., with a population that consists mostly of 30+ singles
that enjoy living eco-friendly lifestyles. However, be aware that a move to
Boulder won't come cheap, as the average home cost there is almost 40% higher
than the national house price average.
3. Omaha, Nebraska
Many people have begun flocking to Omaha for jobs, being that the city's
unemployment is an impressive 4.7% while the average cost of rent is only about
$716, which is more than 10% lower than the national average. The city also
experiences sunny weather for most of the year, and the local economy is booming
with new restaurants, art galleries, nightclubs, and other shops and
entertainment venues.
4. Charlotte, North Carolina
This city has seen significant growth since 2000, with the addition of its
own professional football and basketball teams, and being home to the financial
headquarters of a number of large companies like Bank of America, Family Dollar,
and Lowe's. In addition to great weather for most of the year, the city's
residents enjoy low property taxes and utility rates, as well as a low average
home cost of only $175,000.
5. Kansas City, Missouri
Aside from the fact that Google has installed ultra-high-speed internet for
the entire city [although it will no longer be free], KC also offers the advantages of
having a low cost of living, with food prices that are below the national
average, an average monthly rent cost of $725, and average home price of
$162,000.
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