With 2020 being such a challenging year, many people have been thinking about their lives and what is important to them. Overall, most people believe that being with family and friends in safe and secure places is paramount to their continued happiness. The Covid-19 pandemic taught us that working efficiently does not mean that you must be in an office, near others. Working remotely has changed the way we think about where we must live. In fact, many people have decided to relocate to cities around the world that provide the highest quality of life, and a plethora of housing options and lifestyle choices. For instance, coastal cities in Florida have become popular destinations for homebuyers moving from the northeast, especially those looking to retire in style. Let’s take a deep dive into the top 3 affordable cities to buy a home in 2021 and why.
Winnipeg, Canada
If you have never thought about living in Winnipeg, you may want to give it another thought. The real estate market is strong and steady, and the city ranks amongst the best places to work and live in Canada. This is due, in part, because Winnipeg boasts a strong and diverse job market spanning several sectors, like aerospace, agricultural, manufacturing, transportation, and insurance. Plus, the homes for sale in Winnipeg are still affordable compared with other Canadian cities. According to studies, the housing market is consistently stable and increases each year at healthy rates, making it the perfect place for investors looking for low-risk investment opportunities. The affordable home prices make Winnipeg the perfect place for first time homebuyers who want to live near a plethora of job options and career choices. Not to mention the fact that Winnipeg’s natural beauty is unsurpassed, and the seasonal changes are mesmerizing to see in person. Single family home prices average around $350K.
Fort Pierce, Florida
Another desirable city that people are moving to in droves is Fort Pierce, FL, which is a part of Florida’s Treasure Coast. In 2021, the local housing market is strong and inventory of properties for sale is low. In fact, desirable homes for sale in Fort Pierce communities are selling within days of being listed and selling for over the asking price. That is partly because of South Florida’s booming housing market this year. However, Fort Pierce Real Estate is still more affordable than other Treasure Coast cities like Port St Lucie, which has seen over 20% median home price increases in just 12 months. Three-bedroom single family homes in Fort Pierce start around $250K and go up from there.
Fort Pierce provides great outdoor lifestyle opportunities filled with sunny days, crystal blue water from the Atlantic Ocean, fishing, boating, swimming, or just relaxing at the beach.
The proximity of Fort Pierce to bustling city centers in West Palm Beach, Palm Beach Gardens, Stuart, and Jensen Beach, makes finding work easier than you would think. Fort Pierce is home to upscale restaurants, high-end luxury car dealerships, and luxury real estate brokers. Fort Pierce has announced plans for American Surf Parks, a 500-Million-dollar project spanning over 200 acres, that will bring more than 100 new jobs to the area. The park will have hundreds of hotel rooms, upscale restaurants, shopping, and unparalleled surfing experiences.
Hutchinson Island, Florida
Also located on Florida’s Treasure Coast is Hutchinson Island, where you can find beachfront condos at reasonable prices compared to any other city in the Sunshine State. Plus, all the added benefits of waterfront living, and full-service buildings, make it a bargain that is attracting more people to the area than ever before. Although there are single family homes available, the more affordable options are the many different style condos for sale on Hutchinson Island. The island extends from Stuart to the south, and Vero Beach to the North, with a plethora of condo buildings lining the beach most of the way. Many are dripping with charm and boast unique architectural designs inside and out. Most of the condos have water views of the Atlantic Ocean and beachfront to enjoy. All the residents get to enjoy the amenities, which include swimming pools, billiard rooms, spas, fitness centers, and private beach access. Waterfront condos start around $300K and go up in price from there.
Conclusion
Since many cities are experiencing a housing boom in 2021, you may want to ensure you are pre-approved for financing if you need a mortgage. That way your offer will stand out to the seller as being strong and able to close accordingly. Consulting a local Realtor is helpful because they have market knowledge and insights into the neighborhoods you want to live in. The cities that are affordable today may not be affordable soon, provided the current market trends continue upwards. Take advantage of low interest rates to buy your dream home in the most affordable cities to live in.
