Where Small-Town Living Pays Off
Living in a small town can offer more bang for your buck. Realtor.com® recently analyzed more than 500 metro areas with populations between 10,000 and 50,000 to find the most affordable small towns in the country – also factoring in crime rates, unemployment, job opportunities, and recreational activities into its rankings.
Read more: Bargains Await Those Willing to Commute
Through its analysis, realtor.com® sought areas where households spend no more than 28 percent of their annual income on housing costs and the crime rate is lower than the national average.
The following small-town cities (which were then ranked by median list price) topped realtor.com®’s list:
1. Oskaloosa, Iowa
Median list price: $94,000
2. Decatur, Ind.
Median list price: $98,000
3. Albert Lea, Minn.
Median list price: $100,000
4. Newton, Iowa
Median list price: $108,000
5. Austin, Minn.
Median list price: $108,000
6. Spencer, Iowa
Median list price: $110,000
7. Wahpeton, N.D.-Minn.
Median list price: $114,000
8. New Ulm, Minn.
Median list price: $114,000
9. Lexington, Neb.
Median list price: $118,000
10. Dumas, Texas
Median list price: $120,000
Source: “Top 10 Affordable Small Towns Where You’d Actually Want to Live,” realtor.com® (Oct. 5, 2015)
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