Top 10 Cities with Affordable U.S. Housing

The term ‘affordable housing’ is not an oxymoron. There are several areas in the U.S. where affordable housing is dominating the real estate market. Whether someone is a real estate investor or a homebuyer looking for a good deal, the following areas stretch incomes further than traditional big cities.

1. Altamonte Springs, Florida – Located in the suburb of Orlando, approximately 66-percent of homes are rented by investors. With reasonable rent rates and low taxes, the median home price is $67,000 and the median family income is $63,642.
2. Plano, Illinois – Used as the backdrop for Superman’s “Man of Steel” movie, this town features historic homes and a thriving manufacturing industry. The median home price is $75,000 and the median family income is $65,658.
3. Homewood, Illinois – Home to a significant number of designers, musicians, educators and art curators, this walkable town is only 22 miles outside Chicago. The median home price is $100,000 and the median family income is $86,683.
4. Powder Springs, Georgia – A popular town for their renowned McEachern High School, this area offers affordable real estate. The median home price is $85,000 and the median family income is $68,168.
5. Lilburn, Georgia – With a population that has more than tripled within the last 30 years, Lilburn offers a location close to Atlanta. The city’s population is a mere 12,000, but the local Hindu temple attracts 250,000 visitors annually. The median home price is $84,478 and the median family income is $64,762.
6. Temple Terrace, Florida – Just outside Tampa, this tree-filled suburb is a popular area for investors to purchase foreclosed homes. With a mix of 1920s Mediterranean-style villas and modern ranch-style homes, the median home price in this area is $75,000 and the median family income is $56,963.
7. Clawson, Michigan – As a suburb of Detroit, this bustling town offers abundant technical and engineering jobs. The median home price is $99,540 and the median family income is $73,598.
8. Irmo, South Carolina – With a festival, parade and an annual Okra Strut celebration, this rapid growing town features newer homes. The median home price is $99,000 and median family income is $67,999.
9. Gladstone, Missouri – Known as the “Happy Rock,” this Kansas City suburb features a stunning community center and the Ford Motor plant is anticipated to expand, helping create more nearby jobs. The median home price is $96,690 and the median family income is $64,745.
10. The Colony, Texas – An outdoor-centric area, The Colony features boating, fishing, swimming, biking, hiking and golfing. The median home price is $135,863 and the median family income is $89,308.

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