Who did not think about moving to the USA? In our article, we will consider where you can buy cheap homes in America and the economic level of the proposed regions.
Housing prices have fallen so much that maintaining your home in a big city has become not just not profitable, but even more difficult than renting it. To create a fair difference between owning and renting, we calculated how much the maintenance of an apartment in America costs, subject to a fixed rate and a 30-year loan with no down payment.
1.Detroit
Average cost of maintaining an apartment: $ 8519
Annual rental price: $ 9072
Detroit is the 11th largest metropolis in 2007, with a population of about 4.5 million people, 1 million unemployed. The city has been hit hard by the economic downturn because it is highly dependent on the level of engineering development (Detroit is known as the home of the Big Three automakers: General Motors, Ford and Chrysler.)
2. Pittsburgh
Average cost of maintaining an apartment: $ 8947
Annual rental price: $ 9252.
The unemployment rate in Pittsburgh is relatively low - 7% of the population as of June 2013, a total of 2.3 million people. NASA headquarters is located here.
3. Rochester, New York
Average cost of maintaining an apartment: $ 9523
Annual rental price: $ 8448
Rochester with a population of more than 1 million people is located near Lake Ontario. This city is home to Eastman Kodak and the University of Rochester. The unemployment rate was 8.4% in June 2013; seasonal fluctuations were not taken into account.
4. Memphis, Tennessee
Average cost of maintaining an apartment: $ 8593
Annual rental price: $ 7524
Memphis is located on the Mississippi River. In the past few years, there has been a trend of urban agglomeration - 1.2 million. The city is known as the birthplace of rock and roll. Here is the apartment of the great Elvis and Graceland. This is where the FedEx, AutoZone and International Paper offices are located. Memphis took 43rd place in the country in terms of the rate of payment of mortgage debts.
5. Tampa, Florida
Average cost of maintaining an apartment: $ 10,823
Annual rental price: $ 9444
Tampa in South Florida has been hit hard by the recession, and home prices are down 1.5% annually in 2007. The population is over 2.7 million. WellCare's central office is located here. The main activity is tourism.
6. Cleveland, Tennessee
Average cost of maintaining an apartment: $ 9934
Annual rental price: $ 8364
Cleveland is located in southeastern Tennessee, near Chattanooga. Key employers: Coca-Cola Bottling, famous Jacuzzi and Rubbermaid. With a population of about 112,000, Cleveland is the smallest community featured in this ranking, where it is most profitable to buy cheap homes in America.
7. Dayton, Ohio
Average cost of maintaining an apartment: $ 8420
Annual rental price: $ 7056
The state unemployment rate according to data in June 2013 amounted to 12.1%. The largest employer is Wright Patterson Air Force.
8. Columbia, South Carolina
The average cost of maintaining an apartment: $ 9885
Annual rental price: $ 8016.
Columbia is the capital of the state and home to the University of South Carolina. The population is 700,000. Despite the fact that the university provides residents of the region with work (several industries are covered: science, production, research), the unemployment rate still exceeds 10%.
9. Orlando, Florida
Average cost of maintaining an apartment: $ 12,107
Annual rental price: $ 9756.
Orlando is a city in central Florida with a population of more than 2 million. Tourism plays a major role in the economy, it is here that Walt Disney World, Universal Studios and SeaWorld amusement parks are located. The unemployment rate according to the latest data is 10%.
10. Dallas Fort Worth, Texas
Average cost of maintaining an apartment: $ 11037
Annual rental price: $ 8880.
Despite the relatively high cost of apartments, American realtors say that it is in Dallas that the lowest mortgage rates. This is due to the absence of a large employer. The unemployment rate is 8%. It is quite possible to buy cheap houses in America without even having citizenship or official work.
