Best values will generally be in smaller cities/towns, slowly-growing, few barriers to expansion/building. In Indianapolis (where I live), it's pretty easy to find a 3 BR apartment (1,500 sq. ft.) in a good neighborhood for about $1,000. In Chicago...well, not so much. In Brooklyn...well...shall we say impossible?
One of the myriad reasons we moved from Southern California to Louisuana was housing prices. We owned our home, rather than renting, in California, but it was very small (for a family of five) and our mortgage payment was close to a third of our income. In Louisiana, we were able to buy a house twice as large for half the price. Say what you will about the south (and I've said plenty), but your dollar undoubtedly goes further south of the Mason-Dixon Line.
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Sadly, the New York ones are probably pretty accurate. I must say that our place is pretty reasonable, considering.
Best values will generally be in smaller cities/towns, slowly-growing, few barriers to expansion/building. In Indianapolis (where I live), it's pretty easy to find a 3 BR apartment (1,500 sq. ft.) in a good neighborhood for about $1,000. In Chicago...well, not so much. In Brooklyn...well...shall we say impossible?
Portland rent prices are climbing because of demand over supply, but more are being built. The Belmont neighborhood they show is "just okay".
Some of those were quite a bit more than $1,000.
One of the myriad reasons we moved from Southern California to Louisuana was housing prices. We owned our home, rather than renting, in California, but it was very small (for a family of five) and our mortgage payment was close to a third of our income. In Louisiana, we were able to buy a house twice as large for half the price. Say what you will about the south (and I've said plenty), but your dollar undoubtedly goes further south of the Mason-Dixon Line.
My parents are selling their condo. http://www.zillow.com/homedetails/430-Meadowridge-Cir-Lake-Mills-WI-53551/40302621_zpid/
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