Best Suburbs with Lowest Home Values - 24/7 Wall St.
Suburbs, residential areas that are isolated but linked to nearby cities, have developed over the past century to represent home life for much of the population of the United States. Americans often choose suburban living because they can afford bigger homes, a yard, and a quieter environment in which to raise a family. Some suburbs are considerably more expensive than the average city neighborhoods, but others offer comparable housing prices.
Suburbs began to appear during the latter part of the 19th century, when transportation technology had advanced to the point that people could live outside of a city and still commute to work. In the United States, suburban living exploded after the end of World War II when veterans left cities in search of affordable places to buy their own homes and raise their families.
From the 1950s to the 1990s, a majority of college-educated young professionals preferred suburbs to living in city centers, according to C+R Research. In the 2000s, this trend reversed and demand increased in many urban areas. However, suburban homes remain popular and affordable ones can be difficult to find, especially in today’s housing market. (The best suburb to live in the city.)
National storage space market, StorageCoffee, defines suburbs as municipalities close to cities and having between 10,000 and 100,000 inhabitants. StorageCafe ranked suburbs using factors such as green spaces, crime rates, and job opportunities to compile a list of the top 100 suburbs in the United States. Of these, they have identified the most affordable. 24/7 Wall Street reviewed StorageCafe’s list of cheapest suburb to determine the best suburbs for homebuyers.
These suburbs offer both a relatively high quality of life while being less expensive, with housing prices comparable to nearby urban areas. Chicago is particularly notable for having affordable suburbs with 12 of the top 20 suburbs for homebuyers in the Windy City. (At the other end of the spectrum, see metropolitan areas where families pay the most for housing.)
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