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In fact, many cities across the country have actually gottencheaper, dipping from 2022 and early 2023 highs.
A big reason for this has been because the city has turned into a tech hub.
Austin rode the pandemic wave of tech businesses fleeing the high taxes and unfriendly business environment in California.
Dallas-Fort Worth, Texas
Why have so many Californians relocated to Texas?
It isnt just about tech companies transplanting there.
That has kept home prices low and the population inflow high.
But they remain 34.2% lower than the national average of $357,469.
Cincinnati has stayed affordable for first-time homebuyers, noted Hamilton.
Home prices in some submarkets have actually declined in the wake of recent highs.
Nally added that generous new construction policies have kept the region affordable.
This area is doing pretty well for new builds, which is helping, he said.
Benton, Arkansas
Looking southward, much of Arkansas has also stayed accessible for first-time buyers.
I would recommend Benton, Arkansas, outside of Little Rock.
In fact, my own sister and brother-in-law moved there for that very reason.
They love the warm weather, healthy lifestyle and access to the beach.
Most of all, they love that they can afford a high quality of life there on entry-level salaries.
New Orleans, Louisiana
Looking for a major city with not-so-major housing costs?
And its gotten even cheaper over the last year, unlike many coastal cities.
It has a thriving job market, so people can find work that supports buying a home.
Musson sees a city on the upswing, adding metropolitan amenities while retaining unpretentious prices and attitudes.
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