These are the most affordable American cities to buy a house – and they are on the rust belt

Location, location, location.

Where you buy your home significantly affects its value, and US buyers are looking for value wherever they can get it.

A new report from Walub ranked cities in the US how affordable they are for home buyers. The findings offer hope for future pessimismist buyers for high mortgage rates in the sky and average sales prices.

Unfortunately for New Yorkers, Empire State offers little shelter.

Wallethub ranked 300 cities in 10 metrics, including home costs, maintenance, tax rates and vacancies.

In no. 40, Buffalo was New York’s only destination that entered the top 100. Rochester and Albany collided in 116 and 226 more affordable, respectively, while Yonkers and New York City were plunged towards the end of the list.

New York City was the only non-Californian location that was ranked among the 10 less affordable Walub cities in which to buy a home.

The rust belt, however, is ready to welcome the hunters of the stickers shocked.

Flint, Michigan; Detroit; And Pittsburgh, Pennsylvania, received highlights. Flint was ranked as the most affordable city number 1 for home buyers, based on the multi -directional evaluation system of Wallethub.

The city boasts a low living cost and the most affordable prices of houses regarding residents’ income, according to Wallethub. The average city house for square foot is only $ 61 – compare it to $ 1,500 approximate manhattan for square foot.

The Flint opportunity is, in part, to the scale of its 21%vacancy, in the wake of the city’s prolonged water crisis, although Flint’s drinking water is now in accordance with federal standards.

In the Detroit and Pittsburgh contestants, the low price per square foot and low price ratios make it cost much to buy a home than rent. The possibility of affordability in Detroit, in particular, is strengthened by a rate of vacancies, according to Walub – a leftist from the city’s 2013 financial crisis.

These cities of the rust belt are a world away from California – California premises occupy eight consecutive spots at the end of the Wallethub affordability list. By San Francisco, California in Santa Barbara, affordability is difficult to come to the golden state.

The question of where you can buy and where to avoid is more pressing than ever, as a documented lack of affordable housing supply is making the American dream increasingly out of middle -class reach.