Los Angeles skyscrapers and Griffith Observatory at sunset (Getty Images)A house in Compton with a statue of the Virgin of Guadalupe outside. (Getty Images)Aerial photograph of the East Boston Waterfront at Sunset. (Getty Images)Salt Lake City (Getty Images) Buyers looking to invest in a new home may be tempted to look to the biggest, best-known cities in the United States for their many attractions and amenities. However, these major cities can actually prove to be some of the worst places to buy a home due to their high populations, sky-high real estate prices, greater amounts of crime and sluggish home value growth. Instead, future homebuyers or property owners might want to consider more affordable cities where home values are climbing so that they can reap a substantial return on their investment. For this study, GOBankingRates analyzed the most expensive metro areas in the U.S. in terms of home price per square foot. The study then evaluated more affordable cities within each metro area by looking at the one- and five-year changes in median home value, percentage of homes with negative equity and violent and property crime rates to help prospective homebuyers identify some fantastic places to invest in. Don’t Buy… Read full this story
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