Who hasn't thought about moving to the USA? In this article, we will look at where you can buy cheap houses in America and the economic level of the proposed regions.
Housing prices have fallen so much that maintaining a house in a big city has become not only unprofitable, but even more difficult than renting it. To create a fair difference between owning and renting, we calculated how much it costs to maintain an apartment in America, assuming a flat rate and a 30-year loan with no down payment.
1.Detroit
Average cost of maintaining an apartment: $ 8,519
Annual rental price: $ 9,072
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 as 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, there are 2.3 million people in total. This is where NASA's headquarters are located.
3. Rochester, New York
Average cost of maintaining an apartment: $ 9,523
Annual rental price: $ 8448
Rochester, with a population of over 1 million, 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: $ 8,593
Annual rental price: $ 7524
Memphis is located on the Mississippi River. In the past few years, there has been a trend towards urban agglomeration - 1.2 million people. The city is known as the birthplace of rock and roll. The apartment of the great Elvis and Graceland is located here. This is where FedEx, AutoZone and International Paper are located. Memphis was ranked 43rd in the country in terms of mortgage debt repayment rate.
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 falling 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: $ 9,934
Annual rent: $ 8,364
Cleveland is located in southeastern Tennessee, near Chattanooga. Major Employers: Coca-Cola Bottling Plant, Famed Jacuzzi Plant and Rubbermaid. With a population of about 112,000 people, Cleveland is the smallest city in this ranking and the best place to buy cheap homes in America.
7. Dayton, Ohio
Average cost of maintaining an apartment: $ 8,420
Annual rental price: $ 7056
The unemployment rate in the state according to data in June 2013 was 12.1%. The largest employer is the Wright-Patterson Air Force.
8. Columbia, South Carolina
Average cost of maintaining an apartment: $ 9885
Annual rental price: $ 8016.
Columbia is the state capital and home to the University of South Carolina. Population - 700,000 people.Despite the fact that the university provides the residents of the region with work (several sectors 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 over 2 million. Tourism plays a major role in the economy, with Walt Disney World, Universal Studios and SeaWorld amusement parks located here. The latest unemployment rate is 10%.
10. Dallas-Fort Worth, Texas
Average cost of maintaining an apartment: $ 11,037
Annual rental price: $ 8,880.
Despite the relatively high cost of apartments, American realtors claim that Dallas has 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 here even without citizenship or official work.