10 cheapest U.S. cities for buying a home

  • (MoneyWatch) Looking for an affordable house? Head to Detroit, which has the cheapest homes in America. The city's median home price is less than $35,000, and in certain neighborhoods you can buy homes for even less.

    But the Michigan city, whose economy has been declining for decades amid the loss of manufacturing jobs and, more recently, the subprime collapse, isn't alone There are plenty of other U.S. cities and towns, largely located along the Rust Belt, where home prices has hit extreme lows. Most have hundreds of houses priced below $40,000, according to real estate research firm Zillow.

    Not all of these cities necessarily offer the lowest median prices across the country, but they do have some of the cheapest neighborhoods with the most affordable homes. Although Tampa, Fla., has homes that sell for millions of dollars, for example, the foreclosure crisis in the state also means there are properties selling for just a few thousand dollars.

    If you're willing to invest some sweat equity, homes in these 10 cities are some of the most affordable in the country.

  • Ilyce Glink On Twitter»

    Ilyce R. Glink is an award-winning, nationally syndicated columnist, best-selling book author, and radio talk show host who also hosts "Expert Real Estate Tips," a Internet video show. She owns ThinkGlink.com as well as Think Glink Media, a privately held company that provides consulting, content and video services companies and non-profit organizations.

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