With some renters paying exceptionally high rents, purchasing a home sounds like the better option to many.
The only problem is that they can’t save up for a massive down payment while they’re paying a high price to stay in a rental. RealtyTrac and Down Payment Resource reviewed 370 counties to determine which were affordable and don’t require a large down payment on a home. The most affordable counties include Ashtabula, Ohio; Imperial, Calif.; Hernando, Fla.; Clayton, Ga.; and Lackawanna, Penn.
PB Topical Ref