Colorado City Named One Of The Most Expensive Places For Home Buyers

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Most Americans aspire to own a home at some point in their lives. Homebuyers, however, are facing hurdles in the real estate market. With inflation affecting mortgage rates, interest rates, and median sales prices, purchasing a home seems daunting right now. But it's not all bad news, though. There are some cities and areas where homebuying is less expensive than other places in the United States.

That's where WalletHub comes in. Researchers dug through data to determine the most affordable places to buy a home. The finance website states, "In order to determine the most affordable cities for home buyers, WalletHub compared 300 U.S. cities across ten key metrics. The data set ranges from the costs of homes and their maintenance to tax rates and vacancy rates."

According to the study, a popular Colorado destination ranked among the most expensive places: Boulder! Ranking at No. 294 out of 300 cities, this city found itself in the same range as New York City and many California spots, including Los Angeles, Burbank, Santa Monica, and more.

Here are the Top 10 most affordable places to buy a house:

  1. Montgomery, Alabama
  2. Flint, Michigan
  3. Toledo, Ohio
  4. Detroit, Michigan
  5. Akron, Ohio
  6. Warren, Michigan
  7. Pittsburgh, Pennsylvania
  8. Yuma, Arizona
  9. Springfield, Illinois
  10. Palm Bay, Florida

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