20 Most Affordable Beach Towns to Buy a Home in the US
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In this article, we will be analyzing life across the coasts in America while covering the 20 most affordable beach towns to buy a home in the country. If you wish to skip our detailed analysis, you can move directly to the 5 Most Affordable Beach Towns to Buy a Home in the US.
The Coastal Life at a Glance
Fewer crowds and pleasant weather make beach towns an ideal destination. Beaches being a traditional tourist attraction, drive many vacationers into these beach towns. The summer season is especially a time of high tourist activity in coastal areas. The United States is home to many beach towns spread across its states. As reported by NOAA, approximately 40% of the country’s population resides in coastal shoreline counties. The US shoreline is more than 95,000 miles long. Still, 80% of the country’s ocean is still not mapped and remains unexplored. The economic contribution of the coastal resorts is almost $9 trillion to the country’s economy.
Outdoor recreation continues to be a top priority in these beach towns. Some of the popular activities include boating, fishing, kayaking, beach combing, swimming, sunbathing, and bird watching. Surfing and kiteboarding are also common watersports. Hence, beach towns are an essential part of the United States and drive significant economic activity in the region.
Diverse Housing Options Across the US Waterfronts
PulteGroup, Inc. (NYSE:PHM), LGI Homes, Inc. (NASDAQ:LGIH), and Lennar Corporation (NYSE:LEN) have positioned themselves as dominant home builders offering diverse yet affordable housing options in some of the popular beach towns across the United States.
PulteGroup, Inc. (NYSE:PHM), is a leading residential home construction business in the United States and spans multiple states. The company currently offers affordable houses in Myrtle Beach, a popular US beach town within 20 minutes of the beach and downtown area. Although the home designs are innovative and the homes are already spacious, the company offers additional perks of getting homes customized and provides an optional loft area that could be turned into anything the home buyer desires. On July 25, the company reported strong earnings for the fiscal second quarter of 2023. The company reported earnings per share of $3.00 and beat EPS estimates by $0.46. The company’s revenue for the quarter amounted to $4.19 billion, up 6.69% year over year and was ahead of revenue consensus by $164.28 million. As of October 6, PulteGroup, Inc. (NYSE:PHM) has gained over 56% year to date.
Based in Texas, LGI Homes, Inc. (NASDAQ:LGIH) builds new construction homes and housing estates. The company sells houses in different parts of Florida including Daytona Beach and Fort Piece, in diverse sizes and price ranges. Move-in ready homes are also available in the Daytona Beach area which is also one of the safest and attractive places to live close to the beach in Florida. In Fort Piece, open-concept house floor plans are readily available for cheap prices. Local amenities such as nearby dining, shopping, and children’s play area are also available. On July 19, the company announced its expansion in the Florida market by introducing affordable quality homes in Port Charlotte, another city with a waterfront. The city is an attractive destination because of the views and recreational activities. These new homes have been priced starting from above $320,000.