Best Affordable Suburbs in America 2010

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found about the suburbs across the country where families can afford to live while still enjoying a good quality of life, good schools, and low crime rates…

What a great article! The study takes into consideration the largest populated city in each state and then evaluates that city’s suburbs for the “most affordable.” Suburbs of smaller cities in a state don’t quality for this study. That’s the only caveat about this article I don’t like. Well, that and the fact I can’t see how all the factors where weighted exactly when making the calculations.

Anyway, it’s still a very cool article. The author looks at each of the 50 states and picks the “best” suburb for affordability by summing up great statistical information like population, median family income, median home price, crime rate and local amenities.

Check this article out and see which suburb they picked in your state.

Best Affordable Suburbs State by State

Just click the image below to check out the article and to see what suburb they deem the “best affordable” suburb.

My Brief Analysis

As an Atlanta resident, I’m paying a little more attention to what the word “affordability” means for families. I don’t have any kids yet, but hopefully within a handful of years I will. We were talking to a woman at our Church about the school that’s associated to the Church. I was a bit blown away that high school costs $15,000 per year to send a child to the local Catholic school! I may be living in an area that’s great for someone that doesn’t have a family yet, but may need to relocate to a less ritzy suburb of the city when I do.

I guess that’s just one reason of probably hundreds that people would prefer to live in the more affordable suburbs. The “best” suburbs in the article are basically the top combination of quality of life and affordability. That combo has got to carry some pretty solid demand from the general public.

If you have the ability to invest in the suburb that ranked #1 in your state; you may want to consider focusing either your investing and/ or private money recruiting in that exact area! The dividends of this research my pay off big time!

And, as a real estate investor… it’s always a good idea to know your local market inside and out so you can act fast on real estate deals… and so you know the true value of every single property you put an offer on… which too many investors don’t do.

Enjoy