Anchorage, Alaska, holds a distinct place in the hearts and minds of adventurers, nature enthusiasts, and culture seekers alike. Nestled within the dramatic backdrop of the Chugach Mountains, Anchorage is a city that embodies the spirit of the ‘Last Frontier.’ Renowned for its awe-inspiring landscapes, it’s a gateway to glaciers, national parks, and wildlife encounters that stir the soul. But Anchorage is more than just a base camp for outdoor adventures. From world-class museums to the warm and welcoming spirit of its people, many things put Anchorage on the map. Whether you are looking to rent an apartment in Anchorage or purchase a home in the area on Redfin, get to know 10 things that Anchorage, Alaska, is known for.
1. It’s the largest city in Alaska
Anchorage is the state’s largest and most populous city. With a population of around 285,000 residents, it serves as Alaska’s economic, cultural, and transportation hub. Residents love living in Anchorage for its unparalleled access to breathtaking natural landscapes, offering endless opportunities for outdoor adventures and a deep connection with nature, and enjoying a strong sense of community.
2. Alaska Zoo
The Alaska Zoo showcases the unique wildlife and rich biodiversity of the ‘Last Frontier.’ Established in 1969, the zoo spans about 25 acres and provides a home to over 100 species of animals, including native Alaskan species and exotic animals from around the world. Visitors can encounter iconic Alaskan wildlife, such as grizzly bears, moose, musk oxen, and wolves, as well as exotic animals like Amur tigers, snow leopards, and African elephants. The zoo also hosts educational programs, interactive exhibits, and special events to promote awareness and appreciation for wildlife conservation.
3. Access to the outdoors
Anchorage offers unparalleled access to the outdoors, making it a paradise for outdoor enthusiasts and nature lovers. Stunning natural landscapes surround the city, including the Chugach Mountains, Cook Inlet, and nearby national parks like Denali National Park. Chugach State Park offers vast wilderness areas for hiking, biking, and wildlife viewing. The best trails include Flattop Mountain Trail, Thunderbird Falls Trail, and Mount Baldy Loop.
For those who love to be on the water, the Cook Inlet provides opportunities for kayaking, fishing, and boating. The nearby Turnagain Arm is a popular spot for birdwatching and observing the fascinating tidal bore phenomenon. During the winter months, residents can enjoy activities like cross-country skiing, snowshoeing, and dog sledding. The city also hosts the famous Iditarod Trail Sled Dog Race, a thrilling event celebrating Alaska’s rich dog sledding heritage.
4. Glaciers
Alaska is well known for its spectacular glaciers, but did you know Anchorage serves as a gateway to some of the most impressive icy landscapes in the state? One of the most iconic glaciers near Anchorage is the Portage Glacier. Located within the Chugach National Forest, the glacier was formed thousands of years ago during the last ice age when massive ice sheets covered the region. Visitors can take a boat tour or hike to the glacier’s viewing area, where they can check out the blue ice and towering walls of the glacier up close.
5. Kincaid Park
Kincaid Park is a hidden gem known for its expansive, diverse outdoor scenery and access to outdoor recreation. Spanning over 1,500 acres, the park has a lot to offer. One of the park’s highlights is its extensive trail system, which winds through coastal forests, meadows, and the scenic bluffs overlooking the Cook Inlet. Hikers and trail runners can explore over 40 miles of trails, ranging from easy strolls to challenging treks, whereas bikers can enjoy the exhilarating singletrack trails designed specifically for mountain biking.
6. Northern Lights viewing
Although Anchorage is located at a lower latitude than other parts of Alaska, it occasionally experiences the dazzling display of the Aurora Borealis. To increase your chances of seeing the Northern Lights in Anchorage, it’s advisable to visit during the winter months, particularly from late September to early April, when the nights are longer and darker. Look for nights with clear skies and head to locations away from city lights to reduce light pollution, such as nearby parks or open areas. The most common colors visible in Anchorage are green and sometimes pink, with the lights dancing across the night sky.
7. Anchorage Museum
The largest museum in the state, Anchorage Museum is a vibrant cultural institution that celebrates the art, history, and diverse heritage of Alaska. From indigenous peoples and early explorers to the modern era, the Anchorage Museum takes visitors on a journey through time, highlighting the stories of various communities. The museum also houses an extensive collection of contemporary and traditional artwork. Visitors can explore a range of mediums, including painting, sculpture, photography, and installations.
8. Whale watching
Anchorage serves as a convenient starting point for whale-watching adventures, with various opportunities available along the state’s stunning coastline. One of the most popular whale-watching destinations near Anchorage is the Kenai Fjords National Park, located a few hours south of the city. The park is home to several species of whales, including humpback whales, orcas, and gray whales. Boat tours departing from Seward, a scenic coastal town, offer visitors the chance to observe these magnificent creatures up close.
9. Eklutna Lake
Eklutna Lake is a freshwater lake located approximately 40 miles northeast of Anchorage. Nestled within the Chugach Mountains, the lake offers a tranquil retreat. One of the primary attractions of Eklutna Lake is its stunning natural beauty. Surrounded by rugged peaks and lush forests, the lake boasts crystal-clear turquoise waters. The scenic backdrop makes it an ideal location for photography, picnicking, and relaxing.
10. The midnight sun
Situated at a high latitude, Anchorage lies within the Arctic Circle, resulting in extended daylight during the summer. From late May to early August, the city experiences the phenomenon known as the “midnight sun,” where the sun remains above the horizon even at midnight. This creates a surreal and magical atmosphere, with a twilight-like glow that bathes the city throughout the night.
Are you dreaming of owning a piece of the American Southwest? Arizona, with its vibrant desert landscapes, sunny weather, and diverse cultural attractions, offers an irresistible allure for those seeking a new place to call home. However, before embarking on this exciting journey, it’s essential to understand the homebuying process specific to the Grand Canyon State. From navigating local regulations and financial considerations to finding your perfect abode in a downtown Phoenix condo or a serene house in Gilbert, this Redfin article will serve as your comprehensive guide to buying a house in Arizona.
So, fasten your seatbelts as we explore the steps, intricacies, and tips to make your Arizona homebuying experience smooth and successful.
What’s it like to live in Arizona?
With its year-round sunshine and warm climate, Arizonans enjoy an outdoor-centric lifestyle by hiking, golfing, and exploring the vast desert landscapes. The state is also home to several renowned national parks and monuments, including the breathtaking Grand Canyon and the stunning red rocks of Sedona, providing endless opportunities for adventure and exploration. Arizona is also known for its intense summer heat, and protecting yourself and your property when living there is essential. Check out this article to learn more about the pros and cons of living in Arizona.
Arizona housing market insights
The Arizona housing market is experiencing some notable trends and shifts. The median sale price currently stands at $436,100, showing a 6.2% decrease compared to the previous year. Several cities in Arizona have emerged as competitive real estate markets, including Pinetop, Flagstaff, and Cottonwood. Popular cities in the Phoenix area, such as Scottsdale, Chandler, and Gilbert, are also witnessing significant growth and attracting prospective homebuyers. However, the housing supply in Arizona has decreased by 4.7% year-over-year, indicating a tightening market. These data points suggest a dynamic and evolving housing market in Arizona, with fluctuating prices, competitive cities, and limited supply, all of which have implications for buyers.
Finding your perfect location in Arizona
For several reasons, selecting the perfect location for buying a house in Arizona is vital. First and foremost, Arizona offers diverse landscapes and communities, each with its unique charm and amenities. By carefully considering your desired location, you can align your lifestyle preferences with the area’s offerings. Additionally, the location of your home greatly impacts factors such as commuting time, access to essential services, quality of schools, proximity to recreational opportunities, and potential appreciation of property value over time.
If you’re unsure where to start, using tools like a cost of living calculator can help you determine what cities are within your budget. We’ve put together a glimpse of the five popular cities, so you can get an idea.
#1: Tucson, AZ
Median home price: $330,000 Tucson, AZ homes for sale
Moving to Tucson offers a unique and vibrant experience that blends desert beauty, cultural richness, and a relaxed atmosphere. Outdoor enthusiasts can delve into the picturesque trails of Saguaro National Park, embark on invigorating hikes or bike rides in the nearby Catalina Mountains, or indulge in a round of golf on world-class courses. Embracing its rich cultural heritage, Tucson boasts a thriving arts scene featuring captivating museums, art galleries, and the renowned Tucson Gem and Mineral Show. While the cost of living in Tucson exceeds the national average by 4%, there are affordable Tucson suburbs, ensuring a balance between cost-effectiveness and access to the city’s attractions.
#2: Mesa, AZ
Median home price: $440,000 Mesa, AZ homes for sale
As the third-largest city in Arizona, Mesa is known for its suburban neighborhoods, well-maintained parks, and outdoor activities. Moving to Mesa, you’ll enjoy over 300 days of sunshine each year, making it ideal for outdoor enthusiasts. Explore the nearby Superstition Mountains, go hiking or biking in Usery Mountain Regional Park, or enjoy water sports at the nearby Saguaro Lake. Mesa also offers a rich cultural scene, with attractions such as the Mesa Arts Center, which hosts a variety of performances, exhibits, and festivals throughout the year.
#3: Phoenix, AZ
Median home price: $439,950 Phoenix, AZ homes for sale
Known as the Valley of the Sun, Phoenix is a bustling metropolis with a thriving economy, vibrant culture, and many amenities. With a move to Phoenix, residents can enjoy an abundance of sunshine throughout the year, allowing for a wide range of outdoor activities such as hiking, golfing, and exploring the scenic desert landscapes. Phoenix is home to major sports teams, including the Phoenix Suns and the Arizona Diamondbacks, offering exciting opportunities for sports enthusiasts. Additionally, if you’re looking for affordable Phoenix suburbs, several options provide a more budget-friendly housing market while offering access to the city’s amenities.
#4: Flagstaff, AZ
Median home price: $645,000 Flagstaff, AZ homes for sale
Flagstaff enjoys all four seasons, attracting residents who revel in the mesmerizing hues of autumn, the snowy winters that offer thrilling skiing and snowboarding opportunities at Arizona Snowbowl, and the mild summers perfect for hiking and camping. If you’re a lover of stars, moving to Flagstaff will grant you the chance to experience the Lowell Observatory, where residents can delve into the wonders of the night sky. It’s worth noting that the cost of living in Flagstaff is 14% higher than the National Average. Still, the city’s unique offerings and natural beauty make it a worthwhile investment for those seeking an exceptional living experience.
#5: Scottsdale, AZ
Median home price: $830,000 Scottsdale, AZ homes for sale
Scottsdale is renowned for its world-class resorts, spas, and golf courses, attracting visitors and residents seeking relaxation and indulgence. Scottsdale’s Old Town showcases a charming blend of historic charm and modern sophistication with its trendy boutiques, art galleries, and renowned dining establishments. Moving to Scottsdale can be expensive, with the cost of living exceeding the national average by 13%. If you want to stay on a budget, there are affordable suburbs outside downtown.
The homebuying process in Arizona
If the allure of Arizona has swept you away, and you have your heart set on a specific city or neighborhood, it’s time to dive into the homebuying process.
1. Prioritize your finances
Getting your finances in order is crucial when buying a house in Arizona. You can position yourself for a smooth and successful homebuying journey with careful financial planning and preparation. Start by assessing your credit score and addressing any issues to ensure you qualify for favorable loan terms. Next, determine your budget and calculate how much you can comfortably afford, considering factors like down payment, closing costs, and monthly mortgage payments. Using tools like an affordability calculator can help you determine your budget.
Various programs are available for first-time homebuyers in Arizona, including the Pathway to Purchase, which can assist with up to $20,000 in down payment and closing cost assistance.
2. Get pre-approved from a lender
Securing a pre-approval when buying a home in Arizona can provide numerous advantages. By obtaining pre-approval from a reputable lender, you clearly understand your financial standing and borrowing capacity. This knowledge empowers you to set a realistic budget, ensuring you focus on homes within your price range. Pre-approval also enhances your credibility as a buyer, demonstrating to sellers that you are serious and financially qualified.
3. Connect with a local agent in Arizona
Working with a local agent during the homebuying process in Arizona is of utmost importance. Local agents possess invaluable knowledge and expertise specific to the Arizona real estate market, which can significantly benefit buyers. They are well-versed in the intricacies of different neighborhoods, market trends, and pricing dynamics across the state. So whether you need a real estate agent in Tucson or an agent in Phoenix, they’re here to help.
4. Start touring homes
When touring homes in Arizona, keep a discerning eye and consider key factors that can influence your decision. First, pay attention to the home’s location and neighborhood. Consider proximity to schools, amenities, and commute times to ensure it aligns with your lifestyle. Assess the property’s condition, checking for any signs of wear, structural issues, or potential maintenance needs. Look for natural lighting, functional layouts, and ample storage space that meet your requirements.
5. Make the offer
The offer is a critical aspect of the homebuying process in Arizona, carrying significant weight in determining whether your dream home becomes a reality. Crafting a strong offer is essential to stand out in a competitive market. Consider the listing price, property condition, and local market trends to determine a fair and competitive offer. Your offer should include the purchase price, contingencies, and desired timelines for inspections, financing, and closing.
6. Close on the house
The closing process is a pivotal moment in the homebuying process in Arizona, where all the necessary paperwork is finalized, and ownership of the property is transferred. It’s a critical step that requires careful attention to detail and a thorough review of the closing documents. During the closing, you will sign various legal documents, including the mortgage, deed, and other necessary paperwork. It’s essential to carefully review and understand these documents before signing to ensure you know the terms and obligations.
If you’re new to the process and still have questions, Redfin is here to help. The First-Time Homebuyer Guide goes into more detail about each step in the homebuying process.
Factors to consider when buying a house in Arizona
Due to Arizona’s geographical location, there are distinct factors to consider when buying a home.
Climate and weather
When buying a house in Arizona, it is crucial to consider the climate and weather, as well as the impact climate change is having in the state. Arizona offers a diverse range of climates, with hot summers exceeding 100 degrees Fahrenheit (38 degrees Celsius) in desert areas like Phoenix and Tucson. These cities are also known for their mild and pleasant winters, attracting snowbirds and retired individuals seeking warmer temperatures. On the other hand, the northern parts of the state, including Flagstaff and Sedona, provide a cooler and more moderate climate, with snowy winters and comfortable summers. Homebuyers must take into account their preferences and tolerance for extreme heat or cold when selecting a location within Arizona.
Additionally, the state’s unique desert climate presents both advantages and challenges. Efficient cooling systems and proper insulation are necessary to combat the intense summer heat, while the dry weather increases the risk of drought and wildfires, prompting homeowners to consider shade availability, outdoor living spaces, and landscaping options to mitigate the sun’s impact.
Dual agency
Arizona allows for dual agency in real estate transactions, which refers to a real estate agent representing both the buyer and the seller in the same transaction. In dual agency, the agent acts as a neutral intermediary, facilitating the transaction and ensuring a fair process for both parties. However, it’s important to note that dual agency requires all parties’ informed consent.
Buying a house in Arizona: Bottom line
Navigating the homebuying process in Arizona requires careful consideration and strategic decision-making. From understanding the importance of location to getting finances in order, securing pre-approval, and working with local agents, each step plays a vital role in achieving a successful and satisfying home purchase. By being well-informed, proactive, and adaptable, homebuyers can confidently navigate the Arizona real estate landscape and find their perfect place to call home in this beautiful southwestern state.
Buying a house in Arizona FAQ
What are the requirements for buying a home in Arizona?
To start it off, a down payment is necessary, although the specific amount can vary depending on factors such as the loan type and lender requirements. A good credit score is also crucial, with a minimum score of around 620 often preferred for conventional loans. Income and employment verification is required to demonstrate the ability to repay the mortgage. Lenders assess the debt-to-income ratio to ensure borrowers can manage their monthly payments. It is advisable to conduct a property appraisal and home inspection to determine the value and condition of the property.
What is a typical down payment on a house in Arizona?
A typical down payment on a house in Arizona can vary depending on various factors. Generally, it ranges from 3% to 20% of the purchase price. The percentage often depends on the loan type, lender requirements, and the borrower’s financial situation. For conventional loans, a down payment of around 20% is ideal for avoiding private mortgage insurance (PMI). However, options are available for lower down payment percentages, such as 3% or 5%, particularly for first-time homebuyers or through government-backed loan programs like FHA loans.
What credit score do I need to buy a house in Arizona?
When buying a house in Arizona, the credit score requirement can vary depending on the type of loan and the lender’s criteria. Generally, a good credit score is preferred to qualify for favorable mortgage terms. A minimum credit score of around 620 or higher is typically required for conventional loans. However, loan programs, such as FHA loans, offer more flexibility and can accommodate borrowers with lower credit scores, sometimes as low as 580. It’s important to note that a higher credit score generally improves your chances of securing a mortgage with competitive interest rates and favorable terms.
Doesn’t it seem like the minute Halloween is over, the next weeks fly right by, leaving you to scramble to get dozens of last-minute things taken care of before your guests arrive for Thanksgiving and Christmas? That’s because in addition to decorating your place with festive lights and holiday decorations, you pretty much have to get every room in your apartment ready for friends and family. And if you’re expecting overnight guests, you’ll need to make sure they have a clean, comfortable guest room to retreat to. All this adds up to a long to-do list — and if you’re smart, you won’t leave everything until the last week. Here are a few tips to avoid last-minute stress when preparing your apartment for the upcoming holiday season.
Give yourself plenty of time
Trust us – the earlier you start preparing your apartment for the holiday season, the easier it’s going to be. Make a list of everything you need to do before the first guest arrives, and plan ahead to get the big tasks done first in the weeks leading up to playing host to family and friends. Spreading out your chores over two weeks or a month will allow you to get everything done and will also leave you with enough energy to actually enjoy the holidays.
Make a clean sweep
Cleaning up and decluttering and pantry of any food that’s expired or gone bad. This way, you can see if you need to stock up on ingredients for your holiday meals and make sure you can prepare food in advance, store it until you need it and then freeze leftovers.
Give the refrigerator and freezer a good scrub while they’re empty. If you can, do as much cooking and cleaning in advance of your guests’ arrival. This way, you’ll be able to enjoy the party rather than stress over the details.
Then, focus your efforts on the rooms in your apartment where your guests will be most often. In your living room and dining area, store away stray items in baskets or bins, or pack them away in a closet until the holidays are over. The day before people arrive, you can dust and vacuum.
Ready your kitchen
If you’re cooking for a crowd, getting organized in advance is key. Make sure appliances like your food processor or stand mixer are in good working order and dig out things you don’t use very often — such as holiday cookie cutters and large serving platters — so everything will be at your fingertips.
And if it’s been a while since you deep cleaned your microwave and oven, now’s the time to tackle this task.
Prepare the guest room
If you have an extra bedroom you plan to put guests in but it’s full of stuff you’ve been tossing there for months, now’s the time to go through everything and purge. If there are clothes or other items you no longer use or don’t want, donate them to charity. Clear out at least one dresser drawer and part of the closet so your guests can unpack their things. Set up a welcome basket with travel-sized toothpaste, shampoo and other essential items. Put fresh linens on the bed – including an extra blanket. Dust and vacuum and then close the door so you don’t mess it up before folks arrive.
Get your front hall ready
Clear out half of your coat closet to make room for everyone’s winter jackets – you can stash your out-of-season items in a bin under your bed. Set up a few rubber shoe trays so people can leave their wet winter boots there to drip.
Transform your bathroom
Take some inspiration from boutique hotel designers and turn your bathroom into a spa-like retreat. Scrub it from top to bottom, and lay out fresh hand towels, soaps and shampoos. Add some votive candles, too. Stock up on suppliesyour guests will be using, such as toothpaste, paper towels, toilet paper and basic medications, so you don’t run out over the holidays.
To make sure your water pressure is at its full capacity here’s an easy trick to clean the shower head. Fill a small plastic bag with vinegar and place it over the shower head so it’s submerged in the mixture. Tie the bag to the shower pipe with twist ties or a rubber band and let the shower head soak in the mixture for a couple of hours. Remove the bag, pour the vinegar down the drain and run some hot water through.
Add some cozy, festive décor
Get into the holiday spirit by adding candles, holiday garlands, table runners and twinkle lights in your living and dining area. And outside on your balcony if you have one. Just be careful to use the right extension cords; indoor ones can’t be used outside, for example. To be sure you keep your apartment and guests safe, be mindful about how much you plug in – you don’t want to overload your electrical circuits and blow a fuse. You may also want to double-check your lease agreement to make sure you’re allowed to hang lights on the balcony.
Make more room for mingling by moving furniture closer to the walls and borrow extra chairs if you need them.
Anticipate colder temperatures
Winter holidays usually bring colder weather. You’ll want your guests to feel as comfortable as possible, so in addition to turning up your heat, walk through your apartment and check for any drafty windows. If you find any, you can either caulk them or get a draft stopper. A long pillow or piece of fabric that blocks out the cold air will work, too. Have a pile of warm throws on the sofa and extra pairs of slippers. People can warm up during the festivities.
Set up beverage stations
Your guests will appreciate being able to find what they need quickly. In the kitchen, set up a coffee and tea area with mugs and supplies. In the living or dining area, put together a DIY bar cart using a rolling cart or small table. Keep wine glasses, mixers and alcohol there, along with some non-alcoholic drinks.
Advance prep is the key to a joyful holiday season
You’ll be thankful that you took the time to prepare your apartment for the holiday season before your friends and family arrive. You can then enjoy time with your guests instead of running around at the last minute.
Wendy Helfenbaum is a Montreal-based journalist and television producer with 25 years of experience. She writes about real estate, design, architecture, DIY, gardening and travel for many publications and websites, including Apartment Therapy, Metropolis, AARP, Home in Canada, PBS’ NextAvenue, Realtor.com, Country Gardens and dozens more. Downtime passions include skiing, travel, DIY, waiting for the next Springsteen tour and hoping the Montreal Canadiens finally win another Stanley Cup.
Looking for tips on running a real estate team? If so, you won’t want to miss today’s podcast with Francie Malina. Just last year, Francie’s award-winning team sold the most homes in their county. That’s an impressive accomplishment for any team leader, but what’s more impressive is the fact that she’s never lost an agent. Listen and learn how to empower your team so that you and your agents can take on the competition together for years to come!
Listen to today’s show and learn:
About Francie Malina [3:44]
About the Westchester real estate market [4:58]
The inverse relationship between purchase price and taxes [7:54]
The benefits of buying over renting [9:11]
Francie’s philosophy on agent accountability [10:09]
Francie’s client-contact challenge [12:35]
A handy app for busy real estate agents: Slydial [14:05]
Why calling clients often isn’t the best option [16:54]
Tips on running a real estate team [19:20]
How running a real estate team can help improve your work-life balance [24:44]
Sage advice for real estate rookies [26:17]
The right time to start a real estate team [27:16]
Identifying the right agents when hiring for your team [28:46]
Opinions on where the real estate market is headed [31:30]
Why real estate isn’t just about the numbers [35:50]
Tips for staying top of mind and authentic [37:43]
Francie’s free download for listeners [42:19]
Where to find and follow Francie Malina [44:31]
Francie Malina
Francie Malina is more than an award-winning, top-producing agent, she’s a powerful force in the Westchester market and a highly sought-after industry thought leader.
As the No. 1 agent in the Rivertowns and consistently ranked among the top 5 in all of Westchester County, Francie brings unparalleled energy, knowledge, commitment and professionalism to everything she does. Her list of awards is impressive, but as her numerous, glowing client testimonials make clear, her reputation for honesty and integrity is far more important. As the leader of The Francie Malina Team, she insists on making client satisfaction the group’s highest priority and espouses a simple but compelling philosophy — professional, hassle-free service with a smile. Francie provides every buyer and seller with the same exceptional attention and loyalty that she expects when hiring a professional.
Francie is also a formidable industry presence and dynamic presenter with a nationwide reputation for her expertise and insights. Through her involvement as a Women of Compass Westchester Leader, Co-Founder of the Women of Compass Clubhouse and a Founding Member of Realm Global, a worldwide luxury real estate think tank, Francie keeps her finger on the pulse of issues affecting the market.
A successful Westchester realtor since 2010 and an active resident of the Rivertowns for over 28 years, Francie’s comprehensive knowledge of the market and all things Westchester gives her clients a tremendous advantage. Moreover, the financial savvy she gained through years at the Federal Reserve Bank of New York makes her a uniquely qualified partner and collaborator for buyers and sellers throughout the Rivertowns of Hastings, Dobbs Ferry, Irvington, Tarrytown, Sleepy Hollow and Ardsley.
Originally from Connecticut, Francie earned a bachelor’s degree in managerial economics from Union College and attended the NYU Stern School of Business. Married with two children, she transitioned from New York City to the Rivertowns in 1992 and has immersed herself in community life ever since. In her free time, Francie enjoys skiing, hiking and spending quality time with her family.
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Thank You Rockstars!
It might go without saying, but I’m going to say it anyway: We really value listeners like you. We’re constantly working to improve the show, so why not leave us a review? If you love the content and can’t stand the thought of missing the nuggets our Rockstar guests share every week, please subscribe; it’ll get you instant access to our latest episodes and is the best way to support your favorite real estate podcast. Have questions? Suggestions? Want to say hi? Shoot me a message via Twitter, Instagram, Facebook, or Email. -Aaron Amuchastegui
This is a guest post from Steve Martile, a life coach and the author of the personal-growth blog Freedom Education. Here he describes a money jar system for budgeting that actually reminds me of Elizabeth Warren’s balanced money formula, but with a little more detail.
Managing money doesn’t restrict freedom — it creates freedom.
While that’s probably not the first time you’ve heard this, you’ve got to start managing your money if you want to create financial abundance. I started doing so in 2006 after reading T. Harv Eker’s Secrets of the Millionaire Mind [J.D.’s review].
Before then, my wife and I were pretty random with our spending habits. We ran a pretty high tab every month and had nothing to show for it. At the time, I was driving a brand new Nissan 350Z, which cost me an $800 payment each month. That didn’t include insurance or gas, that was just the payment on the car.
JARS: The Money Jar System
Then we started using the JARS money management system discussed in Secrets of the Millionaire Mind. And what are the JARS? The JARS are just that: plastic jars. Here’s a photo of my jars from my home office:
The jars themselves aren’t actually that important. What’s more important is the money management system behind them. We actually bought the JARS as a visual reminder of where to put our money when we manage it. But we manage it from a set of bank accounts.
Managing your Money Reaps Rewards
Once we started to manage our money, I sold the 350Z. After our first year, without any significant change in our income and all expenses being treated equal, our net worth increased by a surprising 45%. When we learned how to apply this system we realized it was very simple and it didn’t require a lot of our time.
Here are the results we produced after using the JARS for 12 months:
Our net worth increased by 45%.
We bought our first home for $337,000.
We created $800/month in passive income by renting out our one-bedroom basement apartment.
We earned $200 in interest from our savings accounts. We use ING Direct savings accounts, which were clocking at about 3.5% interest at the time. (Ed. note: ING Direct became Capital One 360 in 2013.)
We created more peace in our relationship because my wife and I have our own “play” money.
The real trick to managing your money is not what you do — it’s how you do it.
How to Use the JARS System
Here are the jars and a short description of each one.
Necessity Account (NEC – 55%):
This account is for managing your everyday expenses and bills. This would include things like your rent, mortgage, utilities, bills, taxes, food, clothes, etc. Basically it includes anything that you need to live, the necessities.
Financial Freedom Account (FFA – 10%):
This is your golden goose. Therefore this jar is your ticket to financial freedom. The money that you put into this jar is used for investments and building your passive income streams. You never spend this money. The only time you would spend this money is once you become financially free. Even then you would only spend the returns on your investment. Never spend the principal.
Education Account (EDU – 10%):
Money in this jar is meant to further your education and personal growth. Since you are your most valuable asset, an investment in yourself is a great way to use your money. I have used education money to purchase books, CDs, courses or anything else that has educational value.
Long-term Saving for Spending Account (LTSS – 10%):
The money in this jar is for the bigger nice to have purchases. As a result, my wife and I have used the money from this account to go skiing in The Rockies in Whistler, BC. We also used this money last September for our trip to Italy and Switzerland. The only reason we’ve been able to make this happen is because we’ve accumulated a nice sum each month in our LTSS. A small monthly contribution can go a long way.
Play Account (PLAY – 10%):
This is my favorite account. PLAY money is spent every month on purchases you wouldn’t normally make. The purpose of this jar is to nurture yourself. You could purchase an expensive bottle of wine at dinner, get a massage or go on a weekend getaway. Play can be anything your heart desires. My wife and I each receive our own play money, and here’s the best part. We’re not allowed to ask what the other person spends their money on.
Give Account (GIVE – 5%):
Finally, the money in this account is for giving away. Trisha and I give money every month to the Sick Kids Hospital Foundation. In addition, we use the money in this jar to give to family and friends on birthdays, special occasions and holidays. You can also give away your time as opposed to giving away money. You could house sit for a neighbor, take a friends dog for a walk or volunteer in your community.
Related >> See the best choices for a high yield savings account.
How the JARS Money Jar System Works
Here is a sketch of how we use the jars. Actually, we don’t use jars at all. All of our accounts are electronic savings accounts with our necessity (NEC) account being the only exception; it’s a checking account. Trisha and I deposit all of our personal income into our necessity account. The money in our necessity account pays for all of our expenses. And the remaining money is distributed into five other accounts.
I learned very early in the process that the jar percentages are not critical. To guarantee your financial success, just start using the system and build the habit. This is the key. It doesn’t have to be perfect when you start.
Furthermore, you could even start by splitting $10 every month into the jars. There’s an inspiring story in Secrets of the Millionaire Mind. One woman started splitting $1 into the jars every month. In her first month, she put 10 cents into her PLAY, 10 cents into her FFA, 10 cents into her LTSS, and so on. Later that month she used her play money to buy a piece of bumble gum. She received a mini comic with the bubble gum package that she bought with her play. She read the comic and got a laugh. Two years later she deposited a $10,000 dollar check into her FFA account. Now who’s laughing?
I highly recommend the JARS system to anyone who wants to make the most out of their money. If you’re looking for a simple way to budget, then start using the JARS system. Remember: Managing money doesn’t restrict freedom — it creates freedom.
You can read more from Martile at his personal-growth blog Freedom Education. He has also written a free e-book entitled The Genius Within YOU.
Buying a house in Michigan can be an exciting and fulfilling experience. Known for its diverse landscapes, vibrant cities, and affordable housing options, Michigan offers prospective homebuyers a range of opportunities. Whether you’re looking for charming suburban homes in Grand Rapids, a bustling urban condo in Ann Arbor, or a serene rural retreat, Michigan has something to offer. However, navigating the homebuying process in Michigan requires careful consideration of factors such as location, market conditions, financing options, and legal requirements. Understanding the local real estate market, working with knowledgeable professionals, and conducting thorough research is vital to making informed decisions and finding the perfect home in Michigan.
If you’re a first-time homebuyer and want to know more about the market, Redfin has your back. From market insights to the homebuying process, read on to get started.
What’s it like to live in Michigan?
Michigan is known for its breathtaking natural beauty, including the Great Lakes, stunning forests, and picturesque landscapes. Residents can enjoy various outdoor activities like hiking, camping, boating, and skiing. Furthermore, Michigan boasts excellent educational institutions, including renowned universities like the University of Michigan and Michigan State University. The cost of living in many areas of Michigan is relatively affordable compared to other states, allowing residents to enjoy a comfortable lifestyle. Check out this article to learn more about the pros and cons of living in Michigan.
Michigan housing market insights
The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% year-over-year increase. However, Due to the growth in prices, certain metros within the state are experiencing high levels of competition. Areas such as Fraser, Walker, and Clawson have become particularly competitive for homebuyers. Additionally, the number of homes available for sale has declined, down 8.3% year-over-year. This reduced inventory can contribute to a more competitive market and potentially drive up prices further. These insights indicate a dynamic housing market in Michigan, with rising costs, pockets of intense competition, and limited inventory, making it essential for prospective buyers to stay informed and be prepared for the market’s challenges and opportunities.
Finding your perfect location in Michigan
Finding the perfect location in Michigan is crucial when buying a house in the state. Michigan offers a diverse range of communities, each with its unique characteristics and amenities. Factors such as proximity to schools, job opportunities, recreational activities, and community services play a significant role in determining the suitability of a location.
If you’re between two cities you love, don’t fret; using tools like a cost of living calculator will provide insight into which city aligns with your budget. And to help you get started, we’ve compiled a list of five sought-after Michigan cities, highlighting market insights and their unique offerings.
#1: Detroit, MI
Median home price: $75,000 Detroit, MI homes for sale
As the largest city in Michigan, moving to Detroit offers a unique experience that is shaped by its rich history, cultural diversity, and ongoing revitalization efforts. Detroit’s sports culture runs deep, with passionate fan bases for teams like the Detroit Tigers, Pistons, and Red Wings. Additionally, Detroit’s revitalization efforts have led to the revitalization of neighborhoods such as Midtown and Corktown, where new businesses, art galleries, and entertainment venues have emerged.
#2: Kalamazoo, MI
Median home price: $190,500 Kalamazoo, MI homes for sale
The cost of living in Kalamazoo, MI is 21% lower than the national average, perfect for those on a budget. The city is known for its lively arts scene, with the Kalamazoo Institute of Arts, the Kalamazoo Symphony Orchestra, and numerous theater companies providing a rich cultural experience. Residents can explore the vibrant downtown area, filled with local shops, restaurants, and breweries, including the popular Bell’s Brewery. Kalamazoo offers a range of outdoor recreational activities, with parks, hiking trails, and proximity to scenic areas such as the Kalamazoo River Valley Trail and the Kal-Haven Trail. So if you’re looking for a small town with a low cost of living, moving to Kalamazoo could be for you.
#3: Grand Rapids, MI
Median home price: $290,000 Grand Rapids, MI homes for sale
Moving to Grand Rapids offers a rich and fulfilling experience with a unique blend of urban amenities and natural beauty. Grand Rapids is known for its thriving craft beer scene with numerous breweries and festivals. It was even named Beer City, USA. The city boasts a rich cultural landscape, including the renowned Frederik Meijer Gardens and Sculpture Park, the Grand Rapids Art Museum, and the Gerald R. Ford Presidential Museum. With a strong emphasis on the arts, Grand Rapids hosts ArtPrize, one of the world’s largest art competitions.
#4: Novi, MI
Median home price: $390,000 Novi, MI homes for sale
Moving to Novi offers a delightful experience with its upscale shopping destinations. You’ll find the Twelve Oaks Mall and the luxurious Novi Town Center, providing residents with a wide range of shopping and dining options. The city also boasts several parks and recreational areas, including the picturesque Lakeshore Park, which offers trails, picnic spots, and beautiful views of Walled Lake. Moreover, Novi is renowned for hosting the annual Michigan State Fair, a lively event showcasing agricultural exhibits, captivating entertainment, and exhilarating rides.
#5: Ann Arbor, MI
Median home price: $496,250 Ann Arbor, MI homes for sale
As the home of the University of Michigan, Ann Arbor has a lively and intellectual atmosphere. The city is renowned for its top-tier education, world-class research facilities, and a strong emphasis on innovation and entrepreneurship. Residents can take advantage of various cultural events, including the Ann Arbor Film Festival, the Ann Arbor Art Fair, and the renowned University Musical Society, which brings diverse performing arts to the community. The vibrant downtown area is filled with local shops, restaurants, and cafes, creating a lively and welcoming environment for anyone moving to Ann Arbor.
The homebuying process in Michigan
Let’s explore the homebuying process if you’re ready to put down roots in Michigan.
1. Prioritize your finances
Prioritizing your finances when buying a home in Michigan is crucial for several reasons. First and foremost, it ensures that you can comfortably afford the financial obligations associated with homeownership. By assessing your income, expenses, and budget, you can determine a realistic price range and avoid overextending yourself financially. Along with prioritizing your finances to help secure a favorable mortgage loan with competitive interest rates and terms. If you’re not sure where to start, using tools like an affordability calculator will point you in the right direction.
Various programs are available for first-time homebuyers in Michigan, including the MI Home Loan, which can assist with up to $7,500 in down payment assistance.
2. Get pre-approved from a lender
Getting pre-approved from a lender is an essential first step when starting the homebuying journey. By seeking pre-approval, you gain a clear understanding of your budget and financial limitations, which allows you to search for homes within your price range. Pre-approval involves a lender evaluating your financial situation, credit history, and income to determine the loan amount you qualify for.
3. Connect with a local agent in Michigan
When buying a house, connecting with a local real estate agent in Michigan is essential, as they bring valuable expertise, guidance, and local market knowledge. A local agent understands the nuances of the Michigan real estate market, including neighborhood trends, property values, and inventory availability. They can help you identify suitable neighborhoods that align with your preferences and budget. So whether you’re looking for real estate agents in Grand Rapids or agents in Detroit, they’re here to help.
4. Start touring homes
Touring homes is a crucial step in the homebuying process, as it allows you to experience and evaluate properties first hand physically. It provides an opportunity to assess a home’s condition, layout, and overall appeal before making a purchasing decision. During home tours, paying attention to several key factors is essential. First, consider the home’s structural integrity and potential maintenance issues. Look for signs of water damage, cracks in the foundation, or any other red flags that could indicate significant repairs or maintenance expenses down the line.
5. Make the offer
Making an offer signifies the buyer’s serious intent to acquire the home and initiates the negotiation phase. When crafting an offer, prospective buyers must consider the property’s market value, comparable sales in the area, the seller’s asking price, and their budget and preferences. The offer should be presented in writing and include essential details such as the proposed purchase price, desired contingencies, and the seller’s response deadline.
6. Close on the house
The closing process is the final stage, where all the necessary legal and financial transactions are completed, and property ownership is officially transferred from the seller to the buyer. During the close, various important tasks take place, including reviewing and signing the final purchase agreement, verifying the title and property records, completing the mortgage paperwork, and paying closing costs and fees. Additionally, the close allows the buyer to conduct a final walkthrough of the property to ensure its condition is as expected.
If you’re new to the process, Redfin has insights for you. The First-Time Homebuyer Guide has everything you need to know about each step of the process.
Factors to consider when buying a house in Michigan
When going through the homebuying process, you’ll want to understand the unique considerations of buying a home in Michigan.
Water rights
Michigan has strict regulations regarding water rights, particularly in properties with access to lakes, rivers, or streams. When purchasing a house, understand the extent of your water rights, restrictions, and availability for everyday use or irrigation.
Flood risks
Michigan faces significant flood risks due to its unique geographical features and weather patterns. The presence of the Great Lakes exposes many areas to potential flooding. Additionally, Michigan has numerous rivers, streams, and inland lakes, which can contribute to the likelihood of flooding during heavy rainfall or snowmelt events. The state’s climate, characterized by cold winters and frequent precipitation, can lead to rapid snow accumulation and subsequent spring thaws, increasing the risk of flooding. Knowing if your house is in a flood zone is essential, so you can be prepared.
Dual agency
A dual agency is permitted when buying a house in Michigan. A dual agency is when a real estate agent or broker represents the buyer and seller in the same transaction. In Michigan, this practice is allowed as long as it is disclosed and agreed upon by all parties involved. However, it is advisable for buyers to carefully consider the implications of dual agency, as the agent’s loyalty and fiduciary duty may become divided between the buyer and the seller.
High closing costs
Michigan is known for having relatively high closing costs when buying a home. On average, homeowners will spend around $5,714. Closing costs encompass various fees and expenses that buyers incur during the final stages of a real estate transaction. In Michigan, these costs typically include property taxes, title insurance, attorney fees, appraisal fees, loan origination fees, and recording fees.
Buying a house in Michigan: Bottom line
Michigan’s real estate market provides a diverse selection of housing options, encompassing both affordable areas and higher-priced cities. The affordability and availability of homes depend on factors such as location, market conditions, and individual budgets. To navigate this market successfully, it is crucial to conduct thorough research on the desired area, track market trends, and assess personal financial readiness, including credit score and down payment savings. By gaining a comprehensive understanding of the homebuying process, you can embark on your journey towards homeownership in Michigan with confidence.
Buying a house in Michigan FAQ
What credit score is needed to buy a home in Michigan?
The credit score needed to buy a home in Michigan, as in any other state, can vary depending on the lender and the type of mortgage loan. However, generally speaking, a higher credit score is advantageous when applying for a mortgage. Most conventional lenders prefer borrowers to have a credit score of 620 or higher. This shows a strong credit history and a lower loan default risk. Additionally, loan programs are available that cater to borrowers with lower credit scores, such as FHA loans, which typically require a credit score of 500 or higher.
What is the required down payment for buying a house in Michigan?
The down payment required to buy a house in Michigan, as in other parts of the United States, can vary depending on several factors, including the type of mortgage loan you’re using and the lender’s requirements. Typically, conventional mortgage lenders may require a down payment of 3% to 20% of the home’s purchase price. For example, if you’re buying a $200,000 home, a 3% down payment would amount to $6,000, while a 20% down payment would be $40,000. However, it’s important to note that there are loan programs available that may require lower down payments. For instance, FHA loans often require a down payment of 3.5% of the purchase price, while VA loans and USDA loans offer the option of zero down payment for eligible borrowers.
Are home prices affordable in Michigan?
Whether buying a house in Michigan is considered cheap depends on various factors, including the specific location within the state, the local real estate market conditions, and individual budget constraints. For example, in Kalamazoo, housing costs 47% less than the national average, whereas housing in Ann Arbor is 16% more than the national average. As a whole, Michigan has been known to offer more affordable housing options compared to some other states in the United States. However, prices can still vary significantly depending on the city or region. Consulting with a local real estate agent or professional can provide valuable insights into the desired area’s current market conditions and pricing trends.
Vacaville, CA offers a remarkable living experience with stunning landscapes and a welcoming community. The favorable climate with mild winters and inviting summers encourages an active outdoor lifestyle. Residents can explore breathtaking natural destinations such as Lagoon Valley Park, Lake Berryessa, and Napa Valley. Moving to Vacaville strikes a perfect balance between small-town tranquility and easy access to larger cities, providing a satisfying quality of life. However, as with every city, there are drawbacks to living there. So whether you’re searching for Vacaville apartments, homes for sale, or you just want to know if Vacaville is a good place to live, Redfin can help. So read on for the ten pros and cons of living in this city.
Pros of living in Vacaville, CA
1. Year-round mild climate
Living in Vacaville means experiencing the best of both worlds: abundant sunshine and breezes that grace the region. In the winter, the temperature averages 59 degrees Fahrenheit, which is perfect for getting outside. Whether strolling through the charming downtown area or indulging in outdoor activities, Vacaville’s mild climate provides a refreshing experience.
2. Proximity to major cities
One of the major advantages of moving to Vacaville is its proximity to major cities. Situated between Sacramento and San Francisco, Vacaville offers residents easy access to the bustling urban centers while maintaining a serene and relaxed lifestyle. This prime location provides many benefits, allowing individuals to enjoy both. Within a short drive, one can explore the vibrant cultural scenes, diverse culinary options, and world-class entertainment of both Sacramento and San Francisco. The opportunities are virtually endless, whether it’s catching a professional sports game, attending a renowned concert, or immersing oneself in vibrant arts and cultural events.
3. Access to outdoor recreational activities
Surrounded by breathtaking natural beauty, Vacaville is a gateway to many outdoor adventures. The city boasts a network of well-maintained parks, hiking trails, and bike paths, providing ample opportunities for strolls, invigorating hikes, and exhilarating bike rides. Moreover, Vacaville’s proximity to the stunning landscapes of Napa Valley and Lake Berryessa allows residents to embark on scenic drives or partake in water sports and fishing activities.
The nearby Lagoon Valley Park is a treasure trove for outdoor lovers, offering opportunities for birdwatching, picnicking, and even paragliding. For those seeking more adrenaline-pumping experiences, the nearby Sierra Nevada Mountains provide skiing, snowboarding, and hiking options in breathtaking alpine surroundings.
4. Great entertainment opportunities
The region is renowned for its exquisite wineries, where wine enthusiasts can indulge in tastings and tours and learn about the art of winemaking. From the picturesque Suisun Valley to the world-famous Napa Valley, plenty of vineyards exist to explore and enjoy. Vacaville is renowned for the iconic Nut Tree, a beloved attraction that provides a delightful fusion of entertainment, shopping, and dining. Guests can explore scenic gardens, shop at distinctive boutiques, and indulge in delicious cuisine at diverse eateries.
5. Great educational opportunities
The city is home to a highly regarded school district committed to providing a well-rounded education. From elementary to high school, Vacaville offers a range of public and private schools that prioritize academic excellence, personalized learning, and the holistic development of each student. Additionally, Vacaville boasts the presence of Solano Community College, offering higher education and career training programs. The college provides diverse academic courses, vocational programs, and transfer pathways to four-year universities.
Cons of living in Vacaville, CA
1. High fire risk
Like many areas in California, Vacaville faces a significant fire risk due to its geographical location and climate conditions. The region experiences hot and dry summers and strong winds, creating conditions that can contribute to the spread of wildfires. The proximity of Vacaville to areas with dense vegetation, such as grasslands and forested areas, further add to the fire risk. Residents must take necessary precautions to mitigate fire hazards, such as maintaining defensible space around their properties, learning how to heatproof their homes, following local fire safety guidelines, and staying informed about fire alerts and evacuation procedures.
2. High housing costs
As a desirable location within California, Vacaville’s popularity and proximity to major cities have increased demand for housing, subsequently driving up prices. The median sale price is $625,000, over the national median of $419,103. The competitive real estate market may pose challenges for individuals or families looking to purchase a home or find affordable rental options. As for rent, a two-bedroom apartment averages around $2,343, which can be costly for some. Although these prices seem high, it’s important to remember that neighboring metropolitan areas like San Francisco has a median sale price of 1,400,000.
3. Summers can be hot and dry
Summers in Vacaville are characterized by hot and dry conditions, which is a potential drawback to living in the area. The region experiences high summer temperatures averaging around 90 degrees Fahrenheit and limited rainfall, creating a dry environment. The intense heat can be challenging for those sensitive to high temperatures or prefer milder climates. Take extra precautions to stay hydrated, protect oneself from the sun, and learn how to keep your house cool in extreme heat.
4. High property taxes
Property taxes are levied based on the property’s assessed value, and in regions with higher property values like Vacaville, the tax burden can be significant. The average state property tax rate is 0.81% while Vacaville is 0.93%, which can impact homeowners’ monthly expenses and overall cost of living. Potential residents must consider property taxes as part of their budgetary planning when contemplating a move to Vacaville.
5. Limited public transportation
The city’s public transportation system is less extensive and comprehensive than in larger metropolitan areas, which may pose challenges for residents who rely on public transit or prefer not to use private vehicles. The transit score in Vacaville is 20 which makes it a car dependent city. Although Vacaville City Coach offers local bus services, the routes and frequency may be less convenient and extensive than in urban areas. This limited public transportation can pose challenges for those who rely on or prefer using public transit, affecting commuting, accessing services, and exploring nearby cities.
Is Vacaville, CA a good place to live? Final thoughts
Whether Vacaville is a good place to live depends on individual preferences and priorities. The city boasts attractive features like a mild climate, close proximity to cities, and abundant outdoor activities. However, it’s crucial to weigh drawbacks such as costly housing, scorching summers, wildfire risk, and limited transportation. In conclusion, individuals should extensively research and evaluate their specific needs before deciding if Vacaville suits their desired living environment.
The rest of the country is catching on to what Montanans have always known — it’s a beautiful and affordable place to live, and not as wild as it seems on the show, “Yellowstone.”
Montana is known as The Treasure State for its literal on-site treasures, like silver, gold, sapphire and so on. But it’s a hidden gem for many more reasons than that. First, it’s home to some of the most stunning and unspoiled landscapes in the country. For the more practical renter, however, much of the state falls well below the national average in cost of living.
Affordable beauty? Yes, please! Here are some of the best places to live in Montana, and they’re about as wide and varied for a state that sports so much land.
Population: 54,539
1-BR median rent: $2,257
2-BR median rent: $2,532
Median home price: $693,000
Median household income: $67,354
Life in the southern Montana city of Bozeman splits the difference between big-city and rural living. As the fourth-largest city in the state, apartments in Bozeman can be found at a range of price points and styles.
Termed the “most livable place” in Montana, Bozeman has plenty to offer people of diverse interests. Obviously, its proximity to the legendary Yellowstone National Park begets its people access to all kinds of outdoor activities. That said, Bozeman has also cultivated impressive nightlife opportunities for a city its size, not to mention a booming cultural scene complete with art galleries, museums and a symphony.
Bozeman boasts a great selection of housing options, especially when it comes to luxury rentals like Icon Apartment Homes at Ferguson Farm, 19th and Graf and Madison Park, all of which feature up-to-date rentals with plenty of upgrades.
Population: 117,445
1-BR median rent: $1,341
2-BR median rent: $1,513
Median home price: $360,000
Median household income: $63,608
Billings is far and away the most populated city in Montana by tens of thousands of people. Living in Billings is obviously more affordable than in Bozeman, a welcome revelation for the renter looking for a good value. Also found on the southern end of the state, Billings keeps its local population entertained via a spate of events, such as the Yellowstone International Air Shot, MontanaFair and the Magic City Blues Festival, among others. There are also plenty of spas and such to help a local relax following a tough day hiking the trails or climbing rock faces.
There are plenty of apartment options in Billings, from a furnished studio at Billings-West End to one of the more spacious options at Interurban Apartment Homes or Farmstead Apartments.
Population: 34,786
1-BR median rent: $900
2-BR median rent: $950
Median home price: $250,000
Median household income: $50,661
Life in Butte is a picturesque one, as the smaller city is found right between Glacier National Park and Yellowstone National Park. It features some of the best fishing and boating opportunities in the world, not to mention more than a dozen scenic trailheads for hiking, jogging and biking.
Butte’s restaurant scene is larger and more diverse than one would expect from a city its size, including a variety of chain spots mixed in with locally owned and operated eateries. The film industry is also alive and well in Butte as more and more television shows and movies are choosing to set up shop there.
Butte’s apartment scene is a bit more limited than some of the larger Montana cities, but there are still plenty of places to lay your head. This three-bedroom unit has clearly been renovated recently, and this spacious two-bedroom apartment rents for far less per month than the same type of unit would in another city.
Population: 33,120
1-BR median rent: $999
2-BR median rent: $1,175
Median home price: $430,000
Median household income: $59,712
The capital city of Montana is small but mighty. It’s similar in both population and price point to Butte, making it ideal for people who want some neighbors, but not too many.
It’s one of the historic centerpieces of the state and has a lot of attractions to prove it. The lovingly maintained downtown area has a colorful history, best told by any of the walking tour experts available for hire. Then there’s the stunning Mansion District, which is an experience all on its own. Just north of the city are the significant “Gates of the Mountains,” a stop on Lewis and Clark’s historic exploration route, which can be viewed via boat tour. That’s all in addition to the locally owned shopping, dining and other establishments that have become the norm for quaint towns like this one.
Apartments in Helena are available at all price points, including the ideally located Element 79 Apartments, which is close to so many coffee shops and restaurants. Or, there are plenty of units within larger houses to look at. Inventory is lower given the size of the city, but the patient renter can find something to suit and prove the wait worthwhile.
Population: 60,403
1-BR median rent: $1,290
2-BR median rent: $1,595
Median home price: $255,000
Median household income: $53,126
Living in Great Falls doesn’t require as much in the bank compared with some other Montana cities, as the median home price is lower to match a slightly lower median income. So named for the stunning waterfalls, courtesy of the Missouri River, the area is home to the state’s largest urban Native American population and is also the site of the Little Shell Chippewa tribe’s headquarters.
Indeed, Great Falls, like many other areas of the country, has a sad history related to Native Americans, but today’s citizens do their best to preserve the complicated history and encourage the traditions to continue. Locals appreciate the four distinct seasons that the area enjoys, with cold winters but delightfully mild summertime temps. It’s easy to stay busy year-round with tons of scenic drives, trailheads, outdoor activities and festivals to choose from.
Much like other cities in Montana, there aren’t a ton of huge apartment communities to choose from. One good traditional option is Talus Apartments, which has multiple floor plans and a lot of the standard amenities that renters have come to expect. Or, there are furnished units available at Sunnyside Apartments.
Population: 74,822
1-BR median rent: $1,295
2-BR median rent: $1,595
Median home price: $542,000
Median household income: $54,423
Just east of the Idaho border on Montana’s western edge is Missoula, a mid-sized city with big aspirations. Buying a home in Missoula is a pricier prospect than it is in a lot of other parts of the state, with a median home price of $542,000.
It’s not as pricey as Bozeman, but it’s nipping at its heels. Fortunately, there are lots of other reasons people choose to live in Missoula. First, it’s still pretty affordable to rent an apartment in Missoula. It’s also a generally fun and whimsical place to hang out. Shoppers and fans of local goods love to bundle up and hit Missoula’s Winter Market, held at the Fairgrounds. Then there are plenty of hot springs to soak in, gold and gems to mine and even ghost towns to tour.
812 Toole Ave sometimes has chic units available for rent, and 712 Spruce St also has apartment options at a range of price points. Once again, availability is a bit limited as Missoula is far from what people would refer to as the “big city.”
Population: 26,110
1-BR median rent: $1,250
2-BR median rent: $1,650
Median home price: $499,000
Median household income: $55,411
Unlike many other cities on our list, the city of Kalispell is located in the northwestern corner of the state. Only 32 miles from Glacier National Park, this mountain town is also home to the western U.S.’s largest natural freshwater lake, Lake Flathead. Obviously, between the two there is an abundance of outdoor activities to enjoy in Kalispell and its stunning surrounding areas.
Locals and visitors also love to stroll the quaint area of downtown Kalispell for food, shopping and general ambiance. The area is also ultra-friendly to dogs and families, thanks to an abundance of parks and recreation opportunities.
For a city its size, Kalispell actually has a nice range of apartment homes to consider. The Meridian Apartments is a pet-friendly, smoke-free establishment that features beautiful in-unit flooring. Or there’s Stillwater Crossing, which offers covered carports, video monitoring and lots of design upgrades.
Population: 8,492
1-BR median rent: $1,400
2-BR median rent: $1,850
Median home price: $913,000
Median household income: $64,595
The housing market is booming in the city of Whitefish, which has a median home price of $913,000, up more than 30 percent since last year. Situated around Whitefish Lake, this city is a popular ski destination but sees tourism year-round thanks to its proximity to Glacier National Park.
For all of the athletic endeavors that can be enjoyed here, there’s also an exceptional arts and culture scene. The Whitefish Theatre Company puts on shows regularly ranging from plays to musicals. Boating enthusiasts in particular flock to the area’s Whitefish Woody Weekend, specifically put on to showcase classic boats. So although Whitefish boasts some of the best skiing in the world, it also has a lot of other things going for it.
Fortunately, apartment rents in Whitefish haven’t inflated the same way as local real estate has. The new construction units at Whitefish Apartment Homes are pristine and ideally located. Or there are a number of individual units available for rent, like this one on Cottonwood Ct.
Population: 9,491
1-BR median rent: n/a
2-BR median rent: $806
Median home price: n/a
Median household income: $44,809
Only slightly larger than Whitefish is the southwestern Montana city of Anaconda. Known for its iconic smokestack, the city of Anaconda is one of Montana’s best-kept secrets. Originally, Anaconda grew as a result of copper mining in nearby Butte, as Anaconda became the site of critical copper smelting jobs.
Like most of the rest of the state, Anaconda is firmly ensconced in some serious natural beauty. It’s found in the Deer Lodge National Forest, so there’s obviously plenty of outdoor fun to be had. A bit of modern sport is also available at the Old Works Golf Course, however.
Anaconda’s a pretty small city by most people’s standards, so rental options are somewhat limited. There are single units available if you know where to look, such as this one on 4th Street and this one on Locust Street.
Find an apartment for rent in Montana
Montana is thoroughly its own state, thanks to its unique beauty and culture. Anyone who’s interested in adopting a quieter, but still exciting way of life should consider looking at apartments for rent in Montana.
Methodology
The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com as of April 2023.
Median home prices are from Redfin as of April 2023. Population and median household income are from the U.S. Census Bureau.
The information in this article is for illustrative purposes only. This data herein does not constitute a pricing guarantee or financial advice related to the rental market.
If you’re considering a move to Boise, Idaho, it’s important to weigh the pros and cons before making a decision. Known for its natural beauty, outdoor recreational opportunities, and growing urban scene, Boise offers a unique living experience. Whether you’re looking on Redfin to buy a home in Boise or rent an apartment, we will explore ten key aspects to help you determine whether living in Boise is the right place for you.
1. Outdoor recreation and scenic beauty
Boise is surrounded by stunning natural landscapes, including the Boise Foothills, the Boise River, and nearby mountains. The city is a haven for outdoor enthusiasts, offering opportunities for hiking, biking, skiing, fishing, and whitewater rafting. With its vast network of trails, parks, and open spaces, Boise provides easy access to nature and encourages an active lifestyle.
2. Tight-knit community
Boise has a strong sense of community, with friendly and welcoming residents. The city fosters a community spirit, and you’ll often find local events, farmers markets, and neighborhood gatherings that bring people together. The community involvement and friendly atmosphere contribute to a positive living experience.
3. Booming job market and economic growth
Boise has experienced significant economic growth in recent years, attracting a range of industries and job opportunities. The city is home to major employers in sectors such as technology, healthcare, education, and government. The booming job market and a lower-than-average unemployment rate of 3.6% compared to the national average of 6%, make Boise an attractive place for those seeking career prospects.
4. Affordable cost of living
Compared to many other cities in the United States, Boise offers a relatively affordable cost of living. The average cost of living in Boise is 7% higher than the national average. The median home price in Boise is $487K compared to the national average of $408k, and rental rates in Boise are $1,637 compared to the national average of $1,393. These prices and daily expenses are lower than in larger metropolitan areas such as Seattle, WA where the average home price is $835,000. This affordability allows residents to enjoy a high quality of life without breaking the bank.
5. Cultural and arts scene
Boise has a vibrant cultural and arts scene, with numerous galleries, theaters, and performance venues. The city is home to the Boise Philharmonic, the Boise Art Museum, and the Idaho Shakespeare Festival, which offer a range of cultural experiences throughout the year. You can immerse yourself in diverse arts and entertainment offerings, from live music performances to art exhibitions.
6. Scarce public transportation options
Boise’s public transportation system is still developing, and it may not be as comprehensive as in larger cities. While the Valley Regional Transit system provides bus services, the coverage and frequency may not meet the needs of all residents. Having a private vehicle is often necessary for convenient transportation within the city and exploring the surrounding areas.
7. Extreme weather conditions
Boise experiences a wide range of weather conditions throughout the year. Winters can be cold, with occasional snowfall, while summers can be hot and dry. The temperature variations may not be ideal for everyone, and individuals who prefer milder climates may find the extremes challenging to adjust to.
8. Increasing population growth
Boise has been experiencing rapid population growth in recent years, as more people discover the city’s appeal. Boise County’s population grew 15.5% from the 7,005 people who lived there in 2010. For comparison, the population in the US grew 7.3% during that period.While this growth brings economic benefits and a thriving community, it also poses challenges such as increased traffic congestion, higher housing demand, and potential strains on infrastructure. As the city continues to grow, residents may need to adapt to the changing dynamics of a growing population.
9. Limited major metropolitan amenities
While Boise offers a range of amenities and services, it may not have the same options and depth as larger metropolitan areas. Some individuals may miss certain big-city amenities, such as major sports teams, an array of high-end shopping options, or a vibrant cultural scene. However, Boise’s charm lies in its smaller community feel and access to outdoor recreation.
10. Limited air travel options
Boise’s airport, the Boise Airport (BOI), serves the city and the surrounding region, but it may have limited options for air travel compared to major hub airports in larger cities. While the airport offers connections to various destinations, the number of direct flights and airlines operating at the airport is limited. This can potentially result in fewer options and higher prices for certain routes, as well as longer travel times for international or less common destinations. If you frequently travel by air or require extensive connectivity, the limitations of air travel options in Boise may be a consideration.
Deciding whether Boise is a good place to live requires careful consideration of its pros and cons. By evaluating these factors against your personal preferences, lifestyle, and priorities, you can make an informed decision about calling Boise your next home.
Inside: Do you have any ideas for things to do that are both fun and relaxing? This what do you do for fun guide has suggestions for answers. When asked by the interviewer, you will be prepared.
We all know the feeling. You’re at a networking event, or perhaps on a first date, and someone asks you the inevitable question:
What do you do for fun?
Your mind goes blank. You can’t think of anything interesting to say, so you mumble something about watching TV and call it a night.
Don’t worry, we’ve all been there.
However, when you are interviewing for a new job, you need to nail the sometimes awkward question.
So, the next time this happens, try one of these 13 conversation-starting responses:
How do you answer what I do for fun?
Answering the question “What do you do for fun?” during an interview is important because it provides insight into your personality and whether you would fit in with the company culture.
To answer the question effectively, it’s important, to be honest and showcase your unique interests and passions.
One way to answer is by discussing a hobby that relates to the job or demonstrates valuable skills.
Another option is to talk about a hobby that showcases your personality or values.
You could discuss a recent experience or accomplishment that you’re proud of, showing your drive and dedication.
In any case, be sure to keep your answer professional and engaging, while highlighting what makes you stand out as a candidate.
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How to Answer “What do you do for Fun” in an Interview
“What do you do for fun?” is a question that can throw many job seekers into a loop during an interview.
It’s not always easy to answer, especially if your hobbies and interests aren’t the most “conventional” or if you don’t have any hobbies at all.
Step 1: Be Honest
It is crucial to be honest when answering the question “What do you do for fun?” in an interview because it shows that you are an honorable candidate.
Being truthful demonstrates integrity, and it is a quality that people value.
Moreover, honesty prevents you from being caught in a lie, which can harm your credibility and chances of getting the job.
It is also vital to keep your answer simple and relevant to the job you are interviewing for. For instance, if you are applying for a position at a sports company, mentioning your interest in sports can make you stand out. However, it is essential to be genuine and not makeup stories to impress the interviewer.
Step 2: Show your passion
When answering the question “What do you do for fun?” in an interview, it’s important to showcase your passion and enthusiasm for the activity.
For example, if you enjoy hiking, you could explain how the beauty of nature and the physical challenge of the activity inspire you.
Additionally, you can mention how this passion translates to your work ethic, such as by demonstrating your dedication and perseverance in achieving your goals.
By highlighting your genuine interests and tying them to your professional skills, you can show the hiring manager that you are a well-rounded and committed individual.
Step 3: Pick one or two things
When answering this question, start by considering your hobbies and interests, then narrow it down to one or two that are relevant to the job you’re applying for.
Explain why you enjoy these activities and how they’ve helped you develop skills that could be beneficial in the workplace.
Keep your answer concise and enthusiastic, with a friendly tone.
Step 4: Emphasize how this will help you in your job
When it comes to talking about hobbies during a job interview, it’s important to make a connection between your interests and the job you’re applying for. This can demonstrate how your hobbies can be an asset to the company and how they can help you succeed in the role.
For example, if you’re applying for a marketing job and you enjoy painting, you could talk about how your creative skills from painting can be applied to your work. Similarly, if you’re part of a sports team, you could discuss how the teamwork and collaboration skills you’ve developed can translate into being a better team player in the workplace.
It’s also worth mentioning how your hobbies help you decompress and recharge after work. For instance, if you’re applying for a high-stress job, you could talk about how reading helps you unwind and come back to work feeling refreshed.
When mentioning your hobbies, it’s important to be truthful and genuine. Don’t make up interests that you don’t actually have just to impress the interviewer. This can backfire and cost you the job offer.
Step 5: Use necessary details only
For those who love to talk, this tip is for you! Make sure to detail only what the other person may be interested or that will give you a heads up.
Avoid oversharing or rambling by speaking about all of your hobbies.
Avoid cliche responses and discuss specifics about what you like to do for fun with friends or family. Remember to keep your answer positive and to the point, supported with a few brief details.
Step 6: Find common ground
During a job interview, it’s important to find common ground when answering the question “What do you do for fun?” This will help you stand out in the interviewer’s memory and establish a connection with them.
Look for shared interests and use them to your advantage.
If you notice the interviewer wearing a brand of clothing you like or supporting a sports team you also support, mention it and use it as a launching point for your answer.
Be honest and specific about your interests, and showcase any skills or values that you have gained through them.
The 13 best ways to answer “What do you do for fun?”
We all know the feeling.
You’re sitting in an interview, and the interviewer asks you a question that feels like it’s designed to trip you up. For some people, this question is “What do you do for fun?”
Answering this question well can be the difference between nailing the interview and not getting the job.
Here are some ideas to help you answer this possibly awkward question.
1. Start with Hobbies & Interests
When discussing your hobbies, aim to share areas that you are truly interested in and passionate about. This can lead to follow-up interview questions and potentially create a great relationship with the interviewer.
When asked about your hobbies in an interview, it is important to be truthful and genuine about your interests and hobbies outside of work.
It may be helpful to prepare in advance by brainstorming two to three hobbies that you enjoy and can speak passionately about.
If you happen to spot something in the interviewer’s appearance that indicates a shared hobby, such as a Garmin sports watch indicating a love for running or cycling, it can be beneficial to mention your own interest in that activity.
However, even if you do not spot anything obvious, sharing multiple hobbies can improve your chances of connecting with hiring managers.
2. Relate Your Personal Activities to the Job
When it comes to discussing your hobbies and interests during a job interview, it’s important to establish a connection between what you like to do for fun and the job you’re applying for.
This can be done by identifying common skills or attributes that apply to both your hobby and the job. For instance, if you’re an artist applying for a marketing job, you can talk about how your creative skills from painting can help you perform well at work. Similarly, if you’re part of a sports team, you can discuss how the collaboration and teamwork involved in the sport can directly translate into helping you become a better team player at work.
In addition to highlighting the skills and attributes that apply to both your hobby and the job, you can also discuss how your hobby helps you decompress and maintain a work-life balance. If you’re applying for a high-stress job, for instance, you can talk about how a simple hobby like reading helps you unwind and recharge, allowing you to come back to work feeling refreshed.
3. Be a Storyteller – Not the Interviewer
When asked this question, the interviewer wants to get to know your personality and how you communicate with others.
This is an interpersonal skill that will you help you to land the job.
You want to tell an intriguing story, but not go into the details that the other person finds boring. You want to be engaging – that shows your potential employer or date how you will interact with others.
Also, don’t be afraid to ask open-ended questions yourself.
4. Make Sure to Qualify what makes you special
When answering the question “What makes you unique?” during a job interview, it is important to provide a well-rounded view of yourself.
The interviewer wants to know what unique skills you could bring to the team. It is essential to ensure that your answer is positive and to the point.
You should not try to mention all of your interests or list them off.
By highlighting unique activities or lesser-known facts about your interests, you can make yourself stand out in the interviewer’s eyes, and the hobby may become your identifier when the hiring manager is making their decision.
Sample Example Answers to “What do you do for fun”
Here are some examples you can give to the hiring manager or your date:
1. Cook delicious meals
2. Bake goodies for others
3. Spend Time With Friends and Family
4. Get Out in Nature and go hiking, cycling, rock climbing, paddleboarding or skiing.
5. Singing or acting
6. Read for Pleasure
7. Watch Movies or TV Shows
8. Listen to podcasts or watch documentaries
9. Make Art
10. Meditate
11. Take Photos
12. Play Board Games
13. Plant a Garden
14. Listen to Music
15. Volunteer
16. Fishing
What to Avoid in Your Answer
When an interviewer asks you, “What do you do for fun?” this is not an invitation to launch into a list of your hobbies.
It’s actually a behavioral interview question, which is meant to reveal something about your character.
So, make sure you don’t do these things.
1. Avoid Clichés Like “I Like to Keep Busy”
It’s important to avoid clichés like “I like to keep busy” when answering the question “What do you do for fun?” in an interview or social setting because they provide no real information about who you are.
This answer makes it seem like the job or starting a new relationship is not important.
Avoid common clichés like “hanging out with friends” or “spending time with family” as they are too broad and uninteresting.
Choose to share things that you actually do for fun, make a connection where you can, and keep it simple and honest.
2. Don’t Mention Things You Don’t Actually Enjoy Doing
Avoid mentioning activities that you do not actually enjoy doing, as this can come across as insincere and potentially cost you the job.
Additionally, do not avoid the question or give an incomplete answer. Instead, be honest and share 1 or 2 things that you actually do for fun.
If an activity you enjoy relates to the company, mentioning it can make a positive impression.
This is especially true when applying for low stress jobs without a degree.
3. Don’t Be Self-Deprecating
Self-deprecation may make the person answering seem insecure or lacking in confidence. Instead, focusing on positive and confident answers can make a better impression on the interviewer.
It’s important to avoid self-deprecating answers when asked about what you do for fun because they can come across as negative and uninteresting. For example, talking about hobbies or interests that you are passionate about and that showcase your strengths can be a great way to show your personality and skills.
For instance, you might say that you enjoy hiking and exploring new trails in your free time, which demonstrates a sense of adventure and a willingness to take on challenges.
4. Don’t Try to Impress with Your Hobbies
Making up stories or pretending to be interested in something that you’re not can backfire and harm your credibility, self-esteem, and sense of integrity.
Instead, focus on sharing what you actually enjoy doing and tie your hobbies to skills that would fit the job. Even if your hobbies seem mundane to you, they can be extremely interesting to others.
Plus, being authentic and real can help you connect with the other person and avoid any damage control later on.
5. Don’t Include Unrelated Skills
When it comes to talking about hobbies or skills during a job interview, it’s best to tie them to the job you’re applying for. While it’s acceptable to mention hobbies that are not directly related to the job, it’s best to avoid discussing skills that are completely unrelated.
Talking about unrelated skills may give the impression that you’re not truly interested in the job or that you lack the necessary skills for the position.
For example, if you’re applying for a software engineering position, it’s probably not a good idea to talk about your love of painting. While painting may be a great hobby, it doesn’t have much relevance to the job you’re applying for. Instead, you could talk about your interest in coding and how you enjoy working on personal coding projects in your spare time.
6. Don’t Write About Hobbies that Are Too Exotic
Activities that are considered extreme or dangerous can make you appear as a risk to the company, and hobbies that could bring your morals into question, such as partying or drinking or many other things I’m not going to mention in this blog can paint you in a negative light.
It’s important to remember that as an employee, you will be a representative of the company, and any negative view of you could reflect poorly on the company.
Instead, focus on the more interesting and relevant hobbies that showcase your skills and personality.
7. Don’t Use Excuses for Not Having a Hobby
It’s essential to avoid making excuses for not having a hobby when answering the question “What do you do for fun?” during an interview because it can come across as uninteresting or lacking in personality.
However, It’s better, to be honest and admit that you don’t have any particular hobbies than to make up stories that might not be true.
Think of things you would do if you had more time in your day.
Those are your hobbies regardless of how much time you have dedicated in the past days.
Example Answers
Here are some example answers to get you started.
Example 1
One hobby I enjoy doing in my free time is hiking as it is a great way for me to unwind and reconnect with the outdoors. I find it to be a great way to exercise and explore nature.
I love the feeling of being surrounded by trees and fresh air, and the physical challenge of climbing hills and mountains. Once a month, I try to go hiking.
Example 2
One fun activity that I enjoy doing with a group of friends is playing board games. The sound of laughter and friendly banter fills the room as we gather around the table, each armed with our own game piece.
The competitive spirit is alive and well as we try to outwit each other and come out on top. But it’s not just about winning – it’s about spending time together, bonding over shared experiences, and creating memories that will last a lifetime.
Whether it’s a classic game like Monopoly or a newer favorite like Settlers of Catan, board games provide the perfect opportunity for socializing and having fun with friends.
Example 3
One of my favorite activities to do with friends and family is going on picnics.
I love the feeling of laying out a blanket on a grassy field, surrounded by nature and good company. The sound of laughter and conversations mixed with the rustling of leaves and birds chirping creates a peaceful atmosphere.
Sharing delicious snacks and refreshing drinks while enjoying the scenery and each other’s company brings me immense joy.
FAQ
Adding hobbies to a resume can be beneficial for several reasons. It can give the employer a glimpse into your personality and interests, and can also highlight skills that may be relevant to the job.
When choosing which hobbies to include, it’s important to consider the job you’re applying for and tailor your hobbies accordingly.
For example, if you’re applying for a job in the arts, including hobbies such as painting or sculpture could demonstrate your creative abilities.
Similarly, if you’re applying for a job in a physically demanding field, including hobbies such as hiking or weightlifting could highlight your physical fitness.
Other hobbies that could be relevant to many jobs include volunteering, learning a new language, or participating in team sports.
Overall, the key is to choose hobbies that showcase your skills and interests, while also being relevant to the job you’re applying for.
This is another common question during an interview as it is a sneaky way to see where the person wants to be or plans to be around for a long period of time.
Here is a sample answer:
In five years, I see myself as a successful professional who is making meaningful contributions to my field. I am someone who is respected by my colleagues and clients alike for my expertise and professionalism.
To achieve these goals, I plan to continue learning and growing in my career, taking on new challenges, and seeking out opportunities to develop my skills. I will also prioritize self-care and make time for the people and activities that bring me joy and fulfillment.
Now, What do you Like to do for Fun?
This guide is to help you during an interview, but something you use in other relationships as well.
Honesty is always the best policy.
With these fun ideas, you will be able to answer the interviewer’s questions with ease.
So, the next time someone asks you what you do for fun, you will be able to answer with confidence.
Find ideas for what should I do today.
Know someone else that needs this, too? Then, please share!!