Quick Answer: Where Is Best To Buy A House?

Where is the nicest and cheapest place to live?

Check out 11 areas where housing, living expenses, and entertainment will be kind to your bank account.BUFFALO, NEW YORK.

KANSAS CITY, MISSOURI.

DAYTON, OHIO.

OMAHA, NEBRASKA.

BIRMINGHAM, ALABAMA.

LOUISVILLE, KENTUCKY.

MEMPHIS, TENNESSEE.

GREENVILLE, SOUTH CAROLINA.More items….

Can I buy a house making 40k a year?

Yes, you can! Your mortgage payment including taxes and insurance will be around $1,178.78. 81 (4.625% rate due to low fico score and low downpayment). Based on the information you provided, your Debt-to-income ratio is around 40% which makes you a qualified buyer.

What is the cheapest and safest state to live in?

These states are the cheapest places to live in America in 2019Wyoming. Wyoming, Shell, The Hideout Guest Ranch, cow-boy, Tom. … Indiana. Indianapolis Motor Speedway in Indianapolis, Indiana. … Kansas. … (tie) Tennessee. … (tie) Alabama. … Michigan. … Missouri. … Arkansas.More items…•

Where is the most affordable place to buy a house?

Keeping reading to see a list of the top 10 cheapest states to buy a home right now.West Virginia. Shutterstock.Arkansas. Shutterstock. … Alabama. Shutterstock. … Mississippi. Getty Images. … Oklahoma. Shutterstock. … Indiana. Shutterstock/Brad Whitsitt. … Kentucky. Shutterstock. … Ohio. Shutterstock. Median list price: $180,000. …

Where is the cheapest place to buy a house in England?

Shildon in County Durham has been crowned the most affordable place to purchase a house in the UK, according to new research by Zoopla.

How much money do you need to live comfortably in UK?

If you want to live comfortably in one of the most expensive countries in the world, you will be able to live a comfortable lifestyle with £30,000 per year to spend on all things related to accommodation, general expenses, and leisure activities.

What is the best state to buy a house?

IowaIowa ranked No. 1 for the 2019 Best States affordability ranking, which considers both housing affordability and cost of living. Learn more about Iowa.

What’s the best state to buy a house?

Washington State rounds out our list of the top 10 states for homeowners in 2020, ranking well for its one-year home value appreciation and low average closing cost as a percentage of median home value….Key FindingsIndiana. … Utah. … New Hampshire. … Massachusetts. … Maine. … Arizona. … Wisconsin. … Washington.More items…•

What state has lowest house prices?

West VirginiaThe cheapest state to buy a home in is once again West Virginia. The median listing price in the Mountain State is $165,000 – the lowest median price in the study. West Virginia also ranks first for its low median value of the bottom third of homes, at $53,600.

How much income do I need to buy a $350 000 house?

Example Required Income Levels at Various Home Loan AmountsHome PriceDown PaymentMonthly Income$250,000$50,000$4,876.11$300,000$60,000$5,642.99$350,000$70,000$6,409.88$400,000$80,000$7,176.7715 more rows

How much money should you have saved before buying a house?

If you’re getting a mortgage, a smart way to buy a house is to save up at least 25% of its sale price in cash to cover a down payment, closing costs and moving fees. So if you buy a home for $250,000, you might pay more than $60,000 to cover all of the different buying expenses.

What city should I buy a house in?

Overland Park, Kansas, took the top spot, and four cities in Texas made the top 10….Visit Business Insider’s homepage for more stories.Overland Park, Kansas.Rochester, Minnesota. … The Woodlands, Texas. … Plano, Texas. … Naperville, Illinois. … Richardson, Texas. … Palm Bay, Florida. … More items…•

Is 20k enough to buy a house?

Conventional mortgages, like the traditional 30-year fixed rate mortgage, usually require at least a 5% down payment. If you’re buying a home for $200,000, in this case, you’ll need $10,000 to secure a home loan. FHA Mortgage. For a government-backed mortgage like an FHA mortgage, the minimum down payment is 3.5%.

What is the poorest city in the UK?

NottinghamNottingham has once again emerged as the ‘poorest’ city in the UK, based on the level of gross disposable household income. Indeed, with a figure of just £12,445 per head, it’s not just the lowest-placed city, but is the poorest of all 179 areas ranked across the entire country.