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Booming US towns where you can still afford to buy a house

Mediafeed Logo By Mike Brown of Mediafeed | Slide 1 of 51: For any prospective homebuyer, two things are key to consider: affordability and return on investment.You want to buy a home in a city where monthly housing costs, including mortgage payments, are manageable. You also want to find a community that is growing and desirable so when it’s time to sell your home you can profit off your initial investment.Unfortunately, finding a city or town that meets both requirements can be tough since many of the trendiest places already have high home prices that reflect their desirability.But by using the most up-to-date housing data on over 25,000 U.S. cities, LendEDU has compiled a list of the places that are not only booming in popularity but are also still affordable for homebuyers that intend on using a mortgage.Below, you will find a list of U.S. towns and cities that are projected to grow the most over the next five years; each community is then ranked according to its average monthly home cost, which factors in mortgage payments.The cities at the top of the list are not only the fastest growing in the entire country but are also still very affordable for homebuyers that plan on taking out a mortgage, which makes them terrific locations to purchase a home, start a family and eventually turn a profit on when it’s time to sell.SPONSORED: Find a Qualified Financial Advisor 1. Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.2. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Can you have your cake and eat it too?

For any prospective homebuyer, two things are key to consider: affordability and return on investment.

You want to buy a home in a city where monthly housing costs, including mortgage payments, are manageable. You also want to find a community that is growing and desirable so when it’s time to sell your home you can profit off your initial investment.

Unfortunately, finding a city or town that meets both requirements can be tough since many of the trendiest places already have high home prices that reflect their desirability.

But by using the most up-to-date housing data on over 25,000 U.S. cities, LendEDU has compiled a list of the places that are not only booming in popularity but are also still affordable for homebuyers that intend on using a mortgage.

Below, you will find a list of U.S. towns and cities that are projected to grow the most over the next five years; each community is then ranked according to its average monthly home cost, which factors in mortgage payments.

The cities at the top of the list are not only the fastest growing in the entire country but are also still very affordable for homebuyers that plan on taking out a mortgage, which makes them terrific locations to purchase a home, start a family and eventually turn a profit on when it’s time to sell.

SPONSORED: Find a Qualified Financial Advisor

1. Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.

2. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now.

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