Best places in the US for Aspiring Millennial Homeowners
Owning a home is one of the biggest dreams that most Millennials have right now, and while it may sound unachievable, there are so many places all over the country that have reasonably priced homes that you can actually afford. You don’t need to be a millionaire or a Kardashian to find a house that you can afford if you open yourself up to new and interesting places. Let’s take a look at this great list of the best places in the US for aspiring millennials.
This state is well known for its rainy weather and for producing some great music, but it’s started to become a great place for remote homes. There are plenty of homes under 100k that are set in rural areas, so you don’t have to worry about your drum set waking up your neighbors, and you can enjoy the serene sounds of nature whenever you want. Additionally, for those seeking temporary accommodation in more urban areas, you can explore furnished apartments in Washington DC or consider homes in residential areas like Clarkson, Ocean Shores, and Aberdeen.
This hidden gem has some incredibly low home prices, making it one of the best places to look at for any millennial looking to save a bit on their first home. The cost of living rating in South Dakota is about 88, which means it is 12% lower than the rest of the country. Plenty of great places like Langford, Elkton, and Canistota have homes selling for under 50k, and many of them have 2+ bedrooms, so they are great for growing families.
If you spent the entire pandemic binging Chip and Joanna, then you might be into some of the great homes in Kansas. These are perfect for flippers, renovators, or those who just want to tear it all down, and you can get a great home for under 20k. These homes are on the smaller side, but that’s perfect for young couples or small families to live in as is. Places like Concordia, Florence, and Mound Valley have quite a few moderately priced homes available. The cost of living in Kansas is already 17% cheaper than in the rest of the country, so this is one of the best states to check out for those who are looking to save for the future.
Idaho is a beautiful state full of luscious farms and amazing views. It’s a great place to go if you are looking for homes that have character and personality and that majority of the houses are move-in ready. You can get a wonderful single-family home for under 100k, and there are great new homes in places like Idaho Falls, Kamiah, and McCall that are just waiting for new owners. The cost of living is about 3% less than in the rest of the country, and the economy is getting better and better every day, with many large companies making their headquarters in some of the larger cities in the state.
Arkansas is another excellent state with incredibly low home prices. There are plenty of small to medium-sized homes that are listed at under 30k, so you can find a great place without breaking the bank. These homes are similar to the houses in Kansas, and some of them might need a bit of extra love before you really see their full potential, but the prices are so low that it’ll be easy to afford some high-quality renovations. The cost of living for the state is also 21% less than the rest of the country, which makes it much easier to save some money.
Freelance work has become so popular in the last few years, and this means plenty of people can work from anywhere in the country. Why not move to a place where you can enjoy the amazing fall scenery every year while staying away from the hustle and bustle of the big city? Maine has quite a few great homes that are under 30k, and most of them come with large lots of property which is perfect for anyone who wants a large yard for kids or pets. The cost of living in Maine is 4% less than in the rest of the country, so check out cities like Brownville, Millinocket, and Limestone for some excellent homes that could be perfect for you.
The country has been facing quite a few issues with high demand for real estate, but you can definitely find a place that suits your budget if you know where to look. Utilize websites and apps or talk to an agent in a city you’ve considered to see if they can help guide you in the right direction. Finding a home that is within your budget may seem impossible, but if you open yourself up to new states and areas, you can find plenty that will fit exactly what you are looking for.