11 Cheapest Places in the US to Buy a Home

3) Park Forest, Illinois

Park Forest, Illinois is about an hour south of Chicago on Sauk Lake. There is a commuter railroad for residents who work and spend time in the city. The median home value is $73,000, with average home listings being around $52,450. The median income is $48,319. The town was established in 1948 as a planned community for veterans coming home from World War II. Today it has a population of 21,954. It has been recognized with two All-America City awards, two Governor’s Hometown awards, and the Burnham Award for Excellent Planning in Redevelopment. Forbes Magazine also rated it as one of “America’s Most Livable Suburbs.” The village also boasts 2,000 acres of parks and recreation area. Its open space is the largest per capita in the state of Illinois. The village also boasts numerous ball fields, tennis courts and is home to one of the most popular outdoor swimming centers in the entire state.

4) Jamestown, New York

Jamestown, New York, birthplace of the famous actress Lucille Ball, made our list as one of the cheapest places to buy a home in the US. The average price of homes currently listed on the market is $61,250. The median household salary is $31,128. This city is located 71 miles south of Buffalo between Lake Erie and Allegheny National Park. Jamestown is surrounded by agricultural areas, but the city is home to manufacturing plants for furniture (an industry it was once famous for), diesel engines, sheet metal and more. The Connection, a call center, is also a major employer, and several chain stores have set up shop here as well. The population is 30,075. Other notable people from Jamestown include NFL commissioner Roger Goodell, writer and comedian Laura Kightlinger, and alternative folk/rock band 10,000 Maniacs lead singer Natalie Merchant. Nearby Chautauqua Lake provides many outdoor recreation opportunities.