Insider Monkey

20 Cheapest Beach Towns to Live in the World

Zarah Hamid
9 min read

In This Article:

In this article, we will be navigating through the factors determining a viable coastal living, while covering the 20 cheapest beach towns to live in the world. If you wish to skip our detailed analysis, you can move directly to the 5 Cheapest Beach Towns to Live in the World.

The Ideal Seaside Living

The world is home to diverse coastal towns which serve as popular tourist destinations. On January 21, Cambridge University Press reported that 2.15 billion people live in the near-coastal zone and 898 million people reside in the low-elevation coastal zone around the world, as of 2023.

Apart from the attraction towards an outdoor lifestyle, the pursuit of living in a beach town is driven by certain factors such as affordability, access to amenities, safety, and quality of life. Affordability primarily relates to housing expenses since people who wish to reside by the coast need a reasonably priced place to move in. Although waterfront properties can be expensive, certain coastal locations around the world offer a wide range of housing options at affordable prices. Many of the beach towns around the world are also deemed suitable for retirement due to the laid-back lifestyle that they offer. You can also view the best beach towns for retirement.

Home Builders Along the Coasts

Many of the affordable beach towns in the world such as Myrtle Beach, Virginia Beach, Gold Beach, and Gulfport are located in the United States. Numerous American home building companies offer a portfolio of cheaply priced houses in many of these towns. Some of these include Lennar Corporation (NYSE:LEN), LGI Homes, Inc. (NASDAQ:LGIH) and PulteGroup, Inc. (NYSE:PHM). Let’s take a look at what these firms have been up to.

Lennar Corporation (NYSE:LEN) provides move-up and active adult homes across the United States. On October 4, the company announced the debut of its model homes in the Acadia Pointe community in Central Oregon. The new community comprises three to four bedroom homes. Deschutes River and the Cascade Lakes are also in the vicinity of the new homes. Hence, buyers can access outdoor recreational activities throughout the year in Central Oregon. Furthermore, Lennar Corporation (NYSE:LEN) is currently offering a blowout sale under which price discounts will be offered on purchase agreements signed on select move-in ready houses at the greater Myrtle Beach till November 5.

LGI Homes, Inc. (NASDAQ:LGIH) is known for the construction of houses and housing developments that span across the US. The company continues to provide affordable houses in attractive locations. Multiple residential communities have been set up by the company in South Carolina which is one of the most affordable US states and is home to the popular Myrtle Beach. On September 18, LGI Homes, Inc. (NASDAQ:LGIH) also introduced Bella Terra as its new market where new houses are located at a short distance from the region's beaches. Hence, this 2,642 square feet to 4,023 square feet house collection can be availed by those who wish to seek residence near serene waterfronts.

and

Recommended Stories