Monday, October 23, 2023

Nashville is ranked as the 71st cheapest of 152 cities, to purchase a home.

by Rod Williams, Oct. 23, 2023- An organization called Scholaroo recently conducted an analysis of 152 cities throughout the nation to unveil the cheapest places for purchasing a house, considering crucial elements such as median home price and property taxes. It is no surprise that Nashville is not among the cheepiest. Neither, however, is Nashville among the most expensive of the 152 cities analyzed. 

Nashville is ranked as the 71st cheapest of 152 cities to purchase a home. Knoxville is 51st, Memphis is 33rd, and Chattanooga is 59th. 

I have recently read articles that list Nashville, along with Phoenix, Houston, and Dallas, as popular cities to which those fleeing California flock. Houston is cheaper than Nashville, ranking number 66th cheepiest city to buy a home. Pheonix is more expensive ranking 74th, and Dallas even more expensive ranking 93rd cheapest. 

Key findings of the study:.
  • Of the top ten cheapest cities to buy a home this year, nine are in the South. The only exception is Fort Wayne, Indiana, which ranks 9th overall;
  • Alabama stands out for having three cities – Montgomery, Birmingham, and Mobile – as the cheapest places to buy a house in the whole country;
  • 8 out of the top 10 costliest cities to purchase a home are situated within California, and among them, San Francisco stands as the second-most expensive in the nation;
  • Yonkers and New York City, despite their high real estate costs, are expected to experience minimal growth in the upcoming years, with projected increases of only 0.2% and 0.43% respectively.
To see the full report follow this link

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