Top 10 BEST Cities to be a Single Homeowner
According to the National Association of Realtors, roughly 28% of home buyers are single individuals. While buying a home as a single person can be intimidating, it is not as difficult as many people might think, and some cities make it easier for single homeowners.
In a recent article, Insurify’s data scientists reviewed and rated a number of cities for being friendly for single homeowners. They looked at the average cost of a one-bedroom home, as well as the average cost of home insurance. Insurify also looked at the number of arts and entertainment venues, the cost of living in each city and unemployment rates, while also rating transit options.
Keep reading to see which cities Insurify found to be the best cities to be a single homeowner in, and a few reasons why they ranked so well.
10 – Burlington, Vermont
- Insurify Single Homeowner Score: 90.0
- Average price for a one-bedroom home: $303,613
- Average monthly cost of home insurance: $125
While Burlington isn’t the cheapest city on the Insurify list for the cost of a house or even the cost of living, it does have a very low unemployment rate of 3.1% as well as excellent entertainment options.
Burlington is well known for its music scene as well as plenty of art galleries, museums, and theaters. The Burlington downtown is very walkable and is located on Lake Champlain which makes it ideal for homeowners who don’t have a vehicle.
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9 – Lincoln, Nebraska
- Insurify Single Homeowner Score: 91.4
- Average price for a one-bedroom home: $240,574
- Average monthly cost of home insurance: $276
Lincoln has a very low unemployment rate combined with a low cost of living making it an excellent choice for single homeowners. It is well known for its craft beer scene with 4.13 craft breweries per 100,000 residents. Football fans will be happy to call Lincoln home, the Cornhuskers have a very dedicated fanbase and a great stadium to watch the games.
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8 – Fargo, North Dakota
- Insurify Single Homeowner Score: 95.2
- Average price for a one-bedroom home: $156,076
- Average monthly cost of home insurance: $143
While Fargo can be pretty brutal in the winter, it has a super low cost of living as well as a low average price for housing and bargain home insurance. Fargo has become home to a wide variety of tech startups and has an excellent healthcare system.
7 – St. Louis, Missouri
- Insurify Single Homeowner Score: 96.0
- Average price for a one-bedroom home: $126,706
- Average monthly cost of home insurance: $232
St. Louis has the second lowest housing costs as well as the lowest cost of living in Insurify’s top 10 best cities for single homeowners. Low housing costs, combined with an excellent public transit system and walkable downtown make St. Louis an excellent choice for single homeowners.
When it comes to things to do in your free time, St. Louis has plenty to offer with the Gateway Arch, St. Louis Zoo, Missouri Botanical Garden, Peabody Opera House, and Pulitzer Arts Foundation.
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6 – Madison, Wisconsin
- Insurify Single Homeowner Score: 96.0
- Average price for a one-bedroom home: $228,437
- Average monthly cost of home insurance: $125
Madison is a Wisconsin’s second-largest city and offers a wide variety of affordable housing options as well as cheap homeowners insurance. Madison also has a low unemployment rate and plenty of public transit options.
5 – Portland, Oregon
- Insurify Single Homeowner Score: 96.0
- Average price for a one-bedroom home: $355,519
- Average monthly cost of home insurance: $104
Portland falls in the middle of the rankings and scores very high for its public transit options as well as the tons of entertainment venues. Portland is also home to plenty of farmers markets as well as fresh seafood and top-notch restaurants.
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4 – Rapid City, South Dakota
- Insurify Single Homeowner Score: 96.8
- Average price for a one-bedroom home: $221,424
- Average monthly cost of home insurance: $221
Rapid City has three big rankings going for it, low housing costs, plenty of jobs as well as tons of entertainment options. Rapid City is an outdoor enthusiast’s dream, it is located within an hour of five national parks and monuments, including Mount Rushmore.
3- Minneapolis, Minnesota
- Insurify Single Homeowner Score: 97.5
- Average price for a one-bedroom home: $186,641
- Average monthly cost of home insurance: $250
Minneapolis is one of the larger cities on the list and is a great place to live. Housing is affordable in the Twin Cities, and it has an excellent public transit system, making it easy to get around for homeowners. In addition to plenty of award-winning restaurants, shops and museums, the Mall of America is always a fun way to spend the day.
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2 – Missoula, Montana
- Insurify Single Homeowner Score: 98.4
- Average price for a one-bedroom home: $406,384
- Average cost of home insurance: $212 / mo.
If you are looking for something a bit more remote, Missoula is an excellent choice for single homeowners who love to get outdoors. Missoula is the most expensive city in the top 10 for home prices but it has a low unemployment rate and plenty of entertainment options.
It’s location in the Rocky Mountains makes it an excellent choice for anyone that loves the outdoors.
1 – Pittsburgh, Pennsylvania
- Insurify Single Homeowner Score: 100.0
- Average price for a one-bedroom home: $113,706
- Average cost of home insurance: $119 / mo.
Pittsburgh came out on top with its super low cost of living, very affordable housing and cheap homeowners insurance rates. While all of the cost savings is excellent, Pittsburgh also features plenty of mass transit options, a growing restaurant and craft brewery scene as well as plenty of art galleries, theaters and concert venues.