Get Your Land for Nothing and Your House for Free: Places in America That Will Pay You to Live There
More people would buy homes if they could afford it. Unfortunately, many Americans are drowning in student loan and credit card debt with no feasible way of throwing together a down payment. Some urban and rural cities are offering a way out for first-time and low-income buyers. They’ll straight up pay you to live in their town. Others offer lucrative monetary incentives to entice a permanent relocation, such as free land, free homes, and student loan forgiveness to those willing to make a change because it serves both the buyer and the local economy simultaneously.
Here are 15 cities where it pays to live there. Would you move to any of these locations if the price was right?
1. Buffalo, New York
Buffalo is trying to attract home renovators. | Miklmar/iStock/Getty Images
City officials in Buffalo, New York, are giving land plots away for $1 as part of their Urban Homestead Program. It’s the city’s way of attracting homeowners with a knack for home renovation to their vacant properties. The program requires buyers to live in the home for at least three years and repair any coding violations within 18 months. In exchange, the owner pays just a few hundred dollars a year in property taxes, insurance, and other costs.
Next: This city gives thousands in homebuyer incentives