An Affordable House in a Beach Town? Don’t Mind if We Do.

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Want a house in a beach town, but don’t want a massive second mortgage? According to SmartAsset, there are several towns where those ocean-loving desires can be met.

“We looked at data for 219 waterfront cities across four metrics: median home value, average number of rooms per house, median property taxes paid and monthly housing costs,” the company said. 

This three-bedroom, two-bath home in Melbourne, Florida, is listed at $274,900.

The analysis looked at four factors, SmartAsset said, including:

  • Home value. This is the median home value in each city. Data comes from the Census Bureau’s 2018 5-year American Community Survey.
  • Number of rooms. This is the average number of rooms per house. Data comes from the Census Bureau’s 2018 5-year American Community Survey.
  • Property taxes. This is the median annual property taxes paid. Data comes from the Census Bureau’s 2018 5-year American Community Survey.
  • Monthly housing costs. This is the median monthly housing costs. Data comes from the Census Bureau’s 2018 5-year American Community Survey.

“All 10 cities rank within the top 12 percent of the study for this metric and the average amount paid in property taxes across these cities is $1,154, compared to an average of $8,453 across the bottom 10 cities in the study,” they added.

So where should you buy that beach house? According to SmartAsset’s analysis, the top 10 towns are all in the South. Mississippi and Florida have four each, and two are in Texas.

Towns in the top 10 are: 1. Gulfport, Mississippi; 2. Biloxi, Mississippi; 3. Pensacola, Florida, and Bay St. Louis, Mississippi (tie); 5. Port Arthur, Texas; 6. Ocean Springs, Mississippi; 7. Freeport, Texas; 8. Melbourne, Florida; 9. Fort Walton Beach, Texas; and 10. Fort Pierce, Florida.

To see the whole report, and the top 50 cities, click here.


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