What makes a top-ranked small city so desirable? According to realtor.com®’s research team, it has a low unemployment rate, a crime rate below the national average, an affordable median home price, and a majority of households that spend no more than 28 percent of their annual income on housing costs.
Read more: Where to Find the Best of Small-Town Living
The research team ranked more than 500 towns with populations between 10,000 and 50,000. The median home price of its top 10 small towns ranged from $65,600 to $139,900 (the national median price is $250,000, for comparison).
The following are the top 10 most affordable small towns for 2017, as ranked by realtor.com®:
1. Mexico, Mo.
- Median home price: $65,600
2. Guymon, Okla.
- Median home price: $76,000
3. Decatur, Ind.
- Median home price: $81,900
4. Oskaloosa, Iowa
- Median home price: $98,500
5. Hereford, Texas
- Median home price: $98,900
6. Worthington, Minn.
- Median home price: $119,900
7. Malvern, Ark.
- Median home price: $120,000
8. Ionia, Mich.
- Median home price: $124,000
9. Wapakoneta, Ohio
- Median home price: $127,500
10. Greensburg, Ind.
- Median home price: $139,900
Source: “Top 10 Affordable Small Towns Where You’d Actually Want to Live, 2017 Edition,” realtor.com® (March 6, 2017)
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