Buying your dream home is something that you think about your whole life, but you probably didn't picture the prices this high. The average home price in America is in the 400k range, but there are still plenty of places all over the country where you can get a fantastic home for a reasonable price. If you want to save a bit on your purchase, have a look at this great list to see some fantastic choices for cities where you can buy a home for under 400K.
Reno has started to become a huge hit with those who are looking to buy a great home in a well-developed area. Reno Real Estate has gained quite a few new housing developments in the last few years to keep up with the high demand of residents. Many people have started to seek out these master planned communities instead of traditional residential areas as they are often very family friendly and they offer residents a sense of security.
People don't often think of large vacation towns as their primary residents, but Tampa has home prices that you won't be able to resist. The median home value is currently in the low 400K range, which means there are tons of amazing family-style homes on the market for far less. The homes are situated in a beautiful area that offers stunning views of the water, so you can feel like you are on vacation every single day.
This city is one of the largest cities in the state, and it is well known all over for its excellent ties to some of the best music in the country. The home prices in Memphis are incredibly low, and the average price is in the 150K range, which is amazing for those who are looking to invest in multiple properties. The city has done well financially, and it has continued to grow over the years, so this is an excellent choice for those who are looking to open a new business or find a new job opportunity.
This large metro city has been one of the only major cities that continued to build and thrive during the pandemic, and this has led to a large number of new houses in the city. This housing boom has actually decreased the home prices in the area, and the current market sits at about 400K for an average home price. The city has been gaining tons of new jobs, and the economy is excellent, so this is a fantastic choice to consider if you are looking for a home under 400K.
Lake Greenwood, South Carolina
Lake Greenwood is located in a beautiful area that offers incredible lakeside views along with the privacy that comes along with rural areas. Homes in this area are in the mid-200k range, and the location is perfect for nature lovers who are looking for a stunning home with picturesque views. This hidden gem is an excellent choice for those who prefer to find their dream home in a quieter area that is surrounded by fantastic views. Many people have also started to seek out these rural areas for vacations and short-term rentals, so consider the Lake Greenwood area if you are looking for great investment properties.
Pittsburg is one of the best places to be if you are a sports fan (the city is home to three major league teams, including the Pittsburg Penguins, the Pittsburg Pirates, and the Pittsburg Steelers), and this city has always been a huge hit with those who love living in a city with a low cost of living. Residents of Pittsburg love the great community in the city, along with the fantastic schools. Homes in Pittsburg are selling in the mid-200K range, so you have plenty of great chances to find a home that suits your needs.
Fort Worth, Texas
Dallas has become a popular place to go for those who are considering a job in tech or aerospace, and this has led to a steady rise in population for the city. The demand for housing has struggled to keep up, and many people have chosen smaller cities like Fort Worth (which is only a 36-minute drive from Dallas) to live in so they can keep their housing costs low. The median home value in Fort Worth is currently in the low 300K range, and they have thousands of homes available, which means you will have plenty of different options to consider.
When it comes to finding your dream home under 400K, you don't have to avoid larger cities or cities with incredible homes. There are so many different places all around the country where you can find an amazing home and a below-average price. Have a look online at some of the stunning homes in these cities today so you can see for yourself how many amazing homes are available for under 400K.