A woman in Arkansas recently commented on one of Reazo's blog articles, saying she was looking for a home in Pine Bluff. I had never heard of this city, so I looked it up. I discovered it's the 10th largest city in Arkansas, and home prices typically average $65,215. My attention peaked. I suddenly felt like I had found the honey pot for affordable housing.
I wanted to dig deeper, intrigued with Pine Bluff, AR. According to the U.S. Census Bureau, the median household income was $34,410 in 2020. The median value of owner-occupied homes was $74,900 (2016-2020). The population was just over 40,000 in 2021. It's a beautiful area offering diverse landscapes for outdoor enthusiasts and even has a train museum. So, what does all of this mean?
- A home in Pine Bluff costs approximately 5.5% of the national median home price ($405,000, April 2022)
- Many homes across the U.S. are priced at a fraction of the national median home price
- If you're willing to relocate, you'll find affordable homes throughout the country
Many areas in the U.S. offer affordable homes for sale. If you are flexible, work from home, or have the ability to relocate, you can find a house within your budget. Here are a few more examples of cities offering affordable home prices:
Mesa, Arizona: > $12k for a 3 bedroom / 2 bathroom home
Franklin, Louisiana: > $19k for a 2 bed /1 bath
Mobile, Alabama: > $29k, 4 bed / 1bath
Kokomo, Indiana: > $30k, 2 bed/ 1bath
North Branch, Michigan: > $35k, 2 bed / 1 bath
Wichita, Kansas: > $50k, 3 bed / 2 bath
Columbus, Ohio: > $50K, 3 bed / 2 bath
Cumberland, Maryland: > $50k, 4 bed / 2 bath
Twin Falls, Idaho: > $69k, 3 bed / 2 bath
Kenosha, Wisconsin: > $70k, 2 bed / 1 bath
If you're considering moving to one of these cities or another state, talk to your local real estate agent first. Many local real estate agents work with out-of-state agents to make relocating much more manageable.