U.S. Cities With the Most (and Least) Expensive Homes
U.S. Cities With the Most (and Least) Expensive Homes
If you're looking for an affordable place to live, here are the cities to check out — and those to avoid.
Editor's Note: This story originally appeared on Porch.
Housing affordability has been a major topic of concern for researchers and policymakers in recent years. Access to affordable, quality housing is associated with a variety of positive economic and social outcomes, which makes it an important tool to encourage families to thrive.
But historically, affordable housing has been out of reach for many. Low-income populations and racial and ethnic minorities are often excluded from the wealth-building benefits of homeownership. People who rent are far more likely to be cost-burdened by housing, according to U.S. Census Bureau data. And whenever income grows slowly—as it has recently for certain groups—housing affordability becomes even more of a challenge.