These Are the Most Affordable Towns for Mid-Income Homebuyers in 2022

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With inflation mounting, home prices rising, and daunting mortgage rates looming large, the prospect of owning a home might feel increasingly out of reach for most. Given this state of the real estate world, it's understandable that people in the middle class who are ready to buy a house are feeling demoralized by a current market that Realtor.com describes as "fraught and freaky."

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Chief economist of Realtor.com, Danielle Hale, explains, "A dwindling number of homes for sale prompted fast sales and rising prices, making it hard for middle-class families whose budgets are already getting squeezed by inflation to find a home that is in budget." But Hale and her Realtor.com team were determined to crunch the numbers and show us that, despite these conditions, not all hope is lost.

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In a new report, Realtor.com breaks down the top 10 places for middle-income Americans to buy homes. Youngstown, Ohio claims the number one spot with a median home price of $129,900, and 85.5% of homes in this state are considered affordable for middle-class buyers. Based on Claritas data, Realtor.com quantifies "middle class" as households that make about $72,000 a year, and determined that these families would most comfortably be able to afford homes priced up to $280,000. According to Hale, homes in this price range tend to be found in the South and Midwest.

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Claiming the number-two spot on the list is Scranton, Pennsylvania with a median home price of $215,000, followed by Syracuse, New York at $199,900. With the national median price of a home clocking in at $450,000 as of June, these encouraging prices are well below average and seemingly pretty attainable for a middle-class family. Check out the report's full list of affordable towns, and their median home prices, below:

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1. Youngstown, OH: $129,900

2. Scranton, PA: $215,000

3. Syracuse, NY: $199,900

4. Wichita, KS: $265,000

5. McAllen, TX: $260,000

6. St. Louis, MO: $273,900

7. Detroit, MI: $249,900

8. Little Rock, AR: $279,900

9. Tulsa, OK: $295,000

10. Louisville, KY: $289,900

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