Moving to a new city or state can be an exciting experience, but finding affordable homes for rent can be challenging. The good news is that plenty of affordable condos are available across the country for movers. I will show you some of the best places that offer affordable condos for movers. With various options, you can choose from up-and-coming neighborhoods to established communities with great amenities.
7 Best Places to Buy a Condo in the U.S. for Movers
In the U.S., finding an affordable condominium can take time and effort. However, there are some places where you can find one. According to my extensive research, these are the 7 best places in the U.S. where you can buy a condo at an affordable price with a high quality of life.
01. Torrington, CT
The city of Torrington, CT, in Litchfield County, stands out as a great choice for migrating people who want an affordable condo in Connecticut. With its charming small-town feel and beautiful surroundings, Torrington offers a high quality of life at an affordable price. Torrington has a lower cost of living compared to other cities in the region, making it an attractive option for those on a budget. Torrington’s real estate market offers a variety of affordable housing options, including low-cost condos.
02. Detroit, Michigan
Detroit is located in the southeastern cradle of Michigan, the 24th most populous city in the country. Its diverse entertainment, eclectic neighborhoods, and vibrant nightlife attract over 700,000 residents. The city of Detroit, MI, offers a great deal to its residents. Compared to the national average of $1,430, the city offers a variety of affordable condominium options with an average two-bedroom price of $1,080.
Compared to some suburbs surrounding other major cities, Detroit is highly affordable. Compared to the U.S. average of 100, its overall cost of living index is just 87.6. So, Detroit, MI, is a great option if any wants a condo with lower living costs and high-quality life.
03. El Paso, Texas
El Paso is a very affordable city to live in. El Paso provides significantly lower housing costs and general expenses than other major metropolitan areas in Texas. It means you can live comfortably without going broke. El Paso’s housing costs are exceptionally low compared to other states and the nation. Redfin estimates the median house price in the United States in July 2022 to be $412,659, up 7.6% from last year. Compared to the same month in 2021, El Paso’s median home price was just $230,000, an increase of 12.2% over the same time. The low cost of living in El Paso and the excellent lifestyle make this a great place to own property.
04. Memphis, Tennessee
Memphis is part of the Memphis-MS-AR Metro metro area, which ranks 259 out of 273 cities across the U.S. in terms of cost of living. Memphis’ cost of living is 83.9% lower than the national average, making it one of the least expensive cities in the country. Memphis has one of the lowest condo costs in the country. Condos prices in Memphis are 62.9% lower than the national average and 34.1% lower than those in Tennessee. Memphis’ median apartment rent is $900 a month. One-bedroom apartments in Memphis are most affordable in:
- Parkway and South Third: $299
- In Idlewild: $395
- In Hollywood, Hyde Park, and Springdale: $450
- Edgewood Manor/Glenview: $450
- South Memphis: $555
05. Indianapolis, Indiana
Indiana is affordable to live in. The cost of housing in Indiana is significantly lower than the national average. Indianapolis is one of the most affordable cities in Indiana. Indianapolis condo prices are approximately 17% lower than the national average. The average rent for a two-bedroom condominium in Indianapolis is $1,090 per month, significantly lower than the national average of $1,430. The affordability of Indianapolis makes it a great option for those on a budget. Indianapolis’ real estate market is affordable due to its low cost of living compared to other major cities. The average home value has increased by 2.4% in one year to $228,30.
06. Milwaukee, Wisconsin
Milwaukee is one of the largest cities in Wisconsin, with many opportunities for residents to get involved in and explore the local community. With affordable housing options and exciting attractions, this city is worth considering. A variety of single-family homes and luxury apartments can be found in Milwaukee to meet the needs of every budget. Compared to other parts of the country, Milwaukee has a reasonable cost of living. Two-bedroom condos rent on average for $1,080, while the U.S. average is $1,430.
07. Oklahoma City, Oklahoma
A wide variety of housing options are available in Oklahoma City, including single-family homes, luxury apartments, and even vacation homes. Additionally, grocery and transportation costs remain quite reasonable in Oklahoma City, making it an excellent place to live if you’re trying not to blow your budget. The cost of a 2-bedroom apartment is $1,090, which is much less than the U.S. average of $1,430.
Conclusion
Finding an affordable condos does not mean sacrificing quality of life or location. For budget-conscious condo buyers, the above U.S. locations are ideal. The best way to find an affordable condo that meets your needs is to keep an eye on the market and take advice from local real estate experts. Before you leave, make sure to check detailed blog on houses:
8 House-Hunting Tips to Follow When Moving Abroad
