The 10 Cheapest Suburbs in the U.S.
The COVID-19 pandemic has shifted how Americans live. While people used to flock to cities for work and culture, they’re seeking more space and lower costs of living. A new Realtor.com study reveals that a record number of city residents have been searching for property in nearby suburbs.
The real estate website also analyzed list prices, as well as median price per square foot, for single-family homes within 25 miles of the nation’s 10 largest metro areas. The resulting research identifies the top 10 most affordable suburbs in America where people can get the most bang for their buck.
If you’re looking to move to the suburbs soon, here are 10 affordable choices you should consider.
1. Slicklerville, New Jersey
In Slicklerville, New Jersey, which is in the urban metro of Philadelphia, the median listing price for a home is $282,000. You’ll end up saving 20% per square foot for a house that’s only 30 minutes southeast of Philadelphia in Winslow Township in Camden County.
2. Cedar Hill, Texas
You’ll save 23% per square foot if you purchase in Cedar Hill, Texas, which is located in Dallas and called “the city in a park.” The median listing price is $352,000, and the town boasts 229 days of sunshine per year.
3. Palos Hills, Illinois
Palos Hills, Illinois, located in the urban metro of Chicago, has homes available for a median list price of $379,000 and a savings of 24% per square foot. There are only 17,195 residents in this town, which attracts young professionals and retirees.
4. Marietta, Georgia
Just 25 minutes from Atlanta, Marietta, Georgia is home to Glover Park as well as a historic downtown area. You’ll save 21% per square foot and the median listing price is $440,000 for a home.
5. Jersey Village, Texas
Jersey Village, a suburb of Houston, has a population of less than 8,000 people but there are plenty of farmers markets, parks, golf courses and pools around. The savings per square foot are 36% and the median listing price is $447,000.
6. Hanover, Massachusetts
Hanover, Massachusetts is a 30-minute drive from Boston, and has homes available for a median price of $670,000. The savings per square foot is 34%, and the town is known for its summer recreational activities like canoeing and fishing.
7. Pine Island Ridge-Plantation, Florida
Pine Island Ridge, located just 35 minutes from Miami, is a small town with only 5,199 people. The median age of homeowners is 55, and the median listing price for homes is $679,000. The savings per square foot is 34%, and residents of this town have access to the beautiful Pine Island Ridge Natural Area and the Pine Island Ridge Trail.
8. Clark, New Jersey
The median listing price in this suburb, which is near New York City, is $798,000. The savings per square foot is 34%, and the town is home to less than 16,000 people. It’s known for the Dr. William Robinson Plantation Museum and a 9/11 Memorial.
9. Ashton-Sandy Spring, Maryland
Ashton and Sandy Spring are two separate neighborhoods that are located in the urban metro of Washington, D.C. The savings per square foot are 39% on these homes, and the median listing price is $844,000. The population is less than 6,000, and a key attraction of this area is The Adventure Park at Sandy Spring.
10. Fullerton, California
With a 27% savings per square foot, Fullerton, California, in Northern Orange County is located only 30 minutes from Los Angeles. It has a vibrant music scene and an excellent school system. The median listing price for homes there is $1,155,000.
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