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25 Cities Where $1,750 Per Month Can Get You a House

The cost of house ownership is prohibitive for many people when you include in factors such rising inflation,

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25 Cities Where $1750 Per Month Can Get You a House: According to current Federal Reserve data, the national median sales price of homes in the United States is $436,800. The cost of house ownership is prohibitive for many people when you include in factors such rising inflation, mortgage interest rates, homeowners insurance premiums, property taxes, and related costs.

According to a recent GOBankingRates study, over two-thirds of respondents are unwilling to spend more than $1,750 per month on their mortgage payments given the present economic scenario. The good news is that there are still towns where you may purchase a house on a tight budget.

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GOBankingRates ranked the top 50 places where you can still buy a property for $1,750 or less a month using data from the Zillow property Value Index (ZVHI) and the Federal Reserve of Economic Data (FRED). A few of the data points also come from Numbeo’s cost of living statistics. The main findings are listed below.

25 Cities Where $1750 Per Month Can Get You a House

25. Philadelphia

  • With a 10% down payment, the average monthly mortgage would be $1,254.34
  • With a 5% down payment, the average monthly mortgage would be $1,324.03
  • Average home cost in 2023: $216,654.38

The cost of living index in Philadelphia is 81.5, much lower than the national average. Everything is more affordable here than it would be in many other similar-sized cities, including groceries, housing, and eating out.

24. Corpus Christi, Texas

With a 10% down payment, the average monthly mortgage would be $1,239.82.
With a 5% down payment, the average monthly mortgage would be $1,308.70.
Average home cost in 2023: $214,146.46

Incorpus Christi, the total cost of living index is 83.7. This is less than the 94.2 state average. Additionally, it is reasonably priced in terms of accommodation, food, and transportation. However, utilities can be on the expensive side.

23. Buffalo, New York

  • With a 10% down payment, the average monthly mortgage would be $1,219,01
  • With a 5% down payment, the average monthly mortgage would be $1,286.73.
  • Average home cost in 2023: $210,551.74

The cost of living index for Buffalo is 78.9 out of 100. This is below the state median. In general, housing costs are relatively low there.

22. El Paso, Texas

  • With a 10% down payment, the average monthly mortgage would be $1,208.18.
  • With a 5% down payment, the average monthly mortgage would be $1,275.30.
  • Average home price in 2023: $208,680.51

El Paso, Texas, is another area where you can rent a home for less than $1,750 per month. It has an 82 total cost of living index. Additionally, even while the cost of food, electricity, and healthcare may be on the higher side, the more affordable dwellings could make up for it.

21. Lubbock, Texas

  • With a 10% down payment, the average monthly mortgage would be $1,201.28.
  • With a 5% down payment, the average monthly mortgage would be $1,268.01
  • Average home cost in 2023: $207,488.62

Lubbock is an excellent mid-sized city with reasonable housing alternatives if you’re trying to spend a bit less. Living expenses are 80.7, which puts them somewhat on pace with El Paso but still far less than the rest of the state.

20. Rochester, New York

  • With a 10% down payment, the average monthly mortgage would be $1,194.35
  • With a 5% down payment, the average monthly mortgage would be $1,260.70.
  • Average home cost in 2023: $206,292.21

The cost of living index in Rochester is 83.2, while the median price of a home is little over $200,000. Although housing expenses are quite low, you may expect to spend more on food, healthcare, utilities, and entertainment in this city.

19. Oklahoma City

  • With a 10% down payment, the average monthly mortgage would be $1,171.32.
  • With a 5% down payment, the average monthly mortgage would be $1,236.39.
  • Average home cost in 2023: $202,314.21

Oklahoma City is another reasonably priced city with a variety of housing alternatives, many of which may fit into virtually any budget, and has a cost of living index of 75.1. Even necessities like groceries and utilities are less expensive here than they are elsewhere.

18. Laredo, Texas

  • With a 10% down payment, the average monthly mortgage would be $1,153.46.
  • With a 5% down payment, the average monthly mortgage would be $1,217.54.
  • Average home cost in 2023: $199,229.01

Families and single people both can find economical housing alternatives in Laredo. The total cost of living index is 82 out of 100, which is much lower than the state and national averages. The cost of electricity, groceries, healthcare, and transportation is also somewhat less than average.

17. Oklahoma’s Tulsa

  • With a 10% down payment, the average monthly mortgage would be $1,151.18.
  • With a 5% down payment, the average monthly mortgage would be $1,215.14.
  • Average home cost in 2023: $198,836.55

Tulsa could be a good option for you if you’re seeking for a place with reasonable housing, lots of wildlife, and a peaceful way of life. There are still plenty of inexpensive properties, and the cost of living index is just 82.4.

16. Texas’s Amarillo

  • With a 10% down payment, the average monthly mortgage would be $1,139.42.
  • With a 5% down payment, the average monthly mortgage would be $1,202.73.
  • Average home cost in 2023: $196,805.29

Nearly $1,200 is the average monthly housing expense for Amarillo homeowners, which is far less than the $1,750 cap. About 77.8 is the cost of living index.

15. Des Moines, Iowa

  • With a 10% down payment, the average monthly mortgage would be $1,136.03.
  • With a 5% down payment, the average monthly mortgage would be $1,199.15.
  • Average home cost in 2023: $196,219.39

The overall cost of living in Des Moines is 78.7, which is roughly 23 points less than the national average. Many inhabitants benefit from decreased shopping, transit, utility, and housing prices, even if healthcare expenditures are still somewhat higher than the national average.

14. Fayetteville, North Carolina

  • With a 10% down payment, the average monthly mortgage would be $1,135.12
  • With a 5% down payment, the average monthly mortgage would be $1,198.18.
  • Average home cost in 2023: $196,061.08

The cost of living index for Fayetteville, which is in the south, is roughly 82, or 9 points less than the state average. Housing costs are thus still more reasonable here than in other areas of the state. But the cost of utilities and healthcare is exorbitant.

13. Milwaukee, Wisconsin

With a 10% down payment, the average monthly mortgage would be $1,133.58.
With a 5% down payment, the average monthly mortgage would be $1,196.55.
Average home cost in 2023: $195,795.44

Milwaukee, which has a cost of living index of 72.2, also ranks highly for total affordability. The cost of electricity, food, and housing is all below the national average.

12. Little Rock, Arkansas

  • With a 10% down payment, the average monthly mortgage would be $1,122.43.
  • With a 5% down payment, the average monthly mortgage would be $1,184.79.
  • Average home cost in 2023: $193,869.81

The cost of living index in Little Rock is 80.9 out of 100. Although this is a little more than the state average, many contemporary conveniences, as well as goods like food, housing, utilities, and healthcare, are still less expensive than in other places. Scale of livability: 69.

11. Kansas’s Wichita

  • With a 10% down payment, the average monthly mortgage would be $1,113.81.
  • With a 5% down payment, the average monthly mortgage would be $1,175.69.
  • Average home cost in 2023: $192,381.59

Wichita also enables many individuals to enjoy an economical lifestyle because to its estimated cost of living index of 81.6, which is lower than the state and national average. The cost of entertainment and medical care is a little more than usual, but overall living expenses are lower.

10. Mobile, Alabama

  • With a 10% down payment, the average monthly mortgage would be $1,037.76.
  • With a 5% down payment, the average monthly mortgage would be $1,095.41.
  • Average home cost in 2023: $179,244.66

Mobile, which lies in the south, tops the list because it offers many people a high quality of life while still offering affordable real estate, food, utilities, and transportation. It has an 82.9 cost of living index.

9. Baltimore

  • With a 10% down payment, the average monthly mortgage would be $1,021.59
  • With a 5% down payment, the average monthly mortgage would be $1,078.34.
  • Average home cost in 2023: $176,451.66

Baltimore is still less costly than much of Maryland, despite the fact that the state as a whole has a reputation for being pricey. In terms of inexpensive housing and healthcare, it rates well.

8. Brownsville, Texas

  • $938.83 per month on average for a mortgage with a 10% down payment.
  • With a 5% down payment, the average monthly mortgage would be $990.99.
  • Average home cost in 2023: $162,158.70

Brownsville is a medium-sized city with reasonably priced property and a cheap cost of living. It is situated on the eastern edge of the state, close to the Gulf of Mexico. In fact, the state has the 17th-lowest cost of living in the nation.

7. St. Louis

  • $903.05 per month on average for a mortgage with a 10% down payment.
  • With a 5% down payment, the average monthly mortgage would be $953.22.
  • Average home cost in 2023: $155,978.22

The cost of living index for St. Louis is 70.1. Housing costs are far lower than the national average, making it a fantastic alternative for anyone wishing to invest, save money, or plan for other goals like retirement. It has a livability rating of 54.

6. Memphis, Tennessee,

  • With a 10% down payment, the average monthly mortgage would be $861.91.
  • $909.79 per month on average for a mortgage with a 5% down payment.
  • Average home cost in 2023: $148,872.17

If you’re seeking for inexpensive housing, Memphis, which has a cost of living index of 64.9, is one of the nation’s most affordable cities. Whether you’re starting a family or doing it alone, it’s also a bustling metropolis with much to do. Memphis receives a score of 58 for livability.

5. Akron, Ohio

  • With a 10% down payment, the average monthly mortgage would be $662.32.
  • With a 5% down payment, the average monthly mortgage would be $699.12
  • Average home cost in 2023: $114,398.36

The mid-sized city of Akron is even more cheap than Ohio’s average cost of living index of 94.0. It has a score of 63 for livability.

4. Toledo, Ohio

  • With a 10% down payment, the average monthly mortgage would be $639.33.
  • With a 5% down payment, the average monthly mortgage would be $674.85.
  • Average home cost in 2023: $110,428.03

Toledo is another reasonably priced mid-sized city in Ohio, similar to Akron. Just over 72 out of 100 is the country’s total cost of living. The livability rating for Toledo is 62.

3. Cleveland

  • $587.48 per month on average for a mortgage with 10% down
  • With a 5% down payment, the average monthly mortgage would be $620.12.
  • Average home cost in 2023: $101,471.81

The cost of living index for Cleveland is 75.5, and the typical mortgage payment is just around one-third of what most individuals are prepared to spend. Groceries and utilities may be the most costly items in Cleveland.

2. Birmingham, Alabama

  • $577.85 per month on average for a mortgage with 10% down
  • With a 5% down payment, the average monthly mortgage is $609.95.
  • Average home cost in 2023: $99,807.53

Birmingham’s livability rating of 65 indicates that its standard of living is around average. But it also has a low total cost of living, which would appeal to someone on a tight budget.

1. Detroit

  • $356.41 per month on average for a mortgage with a 10% down payment.
  • With a 5% down payment, the average monthly mortgage would be $376.21.
  • Average home cost in 2023: $61,560.09

Last but not least, the cost of living index for Detroit is 71.0. Overall, Michigan is still regarded as being more affordable than other states in the union, thus there are many possibilities to think about in the region. The livability rating for Detroit is 54.

Eric Joseph Gomes
Eric Joseph Gomeshttps://www.eduvast.com/
Seasoned professional blog writer with a passion for delivering high-quality content that informs, educates, and engages readers.

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