NEW MEXICO: ALBUQUERQUE
Albuquerque is one of the best places to live on a budget, a previous GOBankingRates study found. Fixed-income residents in Albuquerque don’t have to worry about a volatile housing market: The year-over-year change in home values was about 4 percent. And rent prices have remained steady, with an increase of less than 1 percent over the last year.
NEW YORK: CORNING
Corning’s median home value of $89,500 is the least compared to all of the cities in this study, and values have remained stable, with an increase of less than 1 percent over the last year. Corning is also a good city for renters living on a fixed income, as rent prices decreased 3 percent over the last year.
NORTH CAROLINA: FAYETTEVILLE
Home values are rising while rents are dropping in Fayetteville, a 3 percent increase year over year versus a decrease of 1 percent, respectively. With a median rent of $883, Fayetteville ranks among the cheapest cities in the study to rent.
