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Pennsylvania City Makes List of 5 Awesome Cities to Buy a Home for Under $225,000

The housing market is on a roller coaster of sorts. Have been historically high for a long time now, but add to that skyrocketing mortgage rates, and you have quite…

Philadelphia, Pennsylvania, USA in autumn overlooking Benjamin Franklin Parkway.

Philadelphia, Pennsylvania

The housing market is on a roller coaster of sorts. Have been historically high for a long time now, but add to that skyrocketing mortgage rates, and you have quite a confusing situation.

So, is there anywhere in America where you can still find a nice home for under $225,000? The answer is "yes." The crew at MarketWatch.com has put together a list of "five awesome cities in America where you can still buy a home for less than $225,000."

"The housing market has proved to be quite the challenge for buyers this year, but in some spots, affordable homes can be had," the outlet states. "Mortgage rates continue to climb and many predict that this will lead to cooling housing markets across the country as home buying becomes less affordable. If you’re on the market for a home, and you have the flexibility of remote work, there are still major urban centers where you can buy a home for less than $225,000."

If you want to live in Philadelphia, the good news is that we're on the list. MarketWatch.com points out that the city is "a thriving metropolis with state of the art museums, including the Philadelphia Museum of Art and the Barnes Foundation, as well as the Walnut Street Theatre, the oldest continually operating theater in the United States. Spend your weekends at the plethora of cultural spaces and parks by the Delaware River, including the Cherry Street Pier and the recently opened Delaware River Trail." They add that food-wise, "Philadelphia has plenty of options for foodies, including Vernick Food & Drink, which is run by Greg Vernick, a chef trained by Jean-Georges Vongrichten, which showcases American cuisine and wood-fire cooking. Best of all, real estate is still relatively affordable in Philadelphia." Read on for the full list, and find the full article from MarketWatch.com here.

Louisville, Kentucky

Picked for, "If you want a city surrounded by natural beauty."
Average home value: $232,705
Population: 246,161
Cost of living: 11.6% lower than the U.S. average

Indianapolis, Indiana

Picked for, "If you have a family."
Average home value: $227,543
Population: 882,039
Cost of living: 16.5% lower than the U.S. average

Greensboro, North Carolina

Picked for, "If you want a small-town feel in a big city."
Average home value: $242,389
Population: 298,263
Cost of living: 16.1% lower than the U.S. average

Philadelphia, Pennsylvania

Picked for, "If you want to be in the northeast."
Average home value: $235,953
Population: 1,576,251
Cost of living: 1.2% higher than the U.S. average

Albany, New York

Picked for, "If you want to stay in New York but don’t have New York City money."
Average home value: $268,179
Population: 98,617
Cost of living: 5.4% lower than the U.S. average

Anne Erickson started her radio career shortly after graduating from Michigan State University and has worked on-air in Detroit, Flint, Toledo, Lansing and beyond. As someone who absolutely loves rock, metal and alt music, she instantly fell in love with radio and hasn’t looked back. When she’s not working, Anne makes her own music with her band, Upon Wings, and she also loves cheering on her favorite Detroit and Michigan sports teams, especially Lions and MSU football. Anne is also an award-winning journalist, and her byline has run in a variety of national publications. You can also hear her weekends on WRIF.