Grad school can boost your career, but it comes at a price. Those who completed a graduate-level degree in 2020 left school with about $88,220 in student debt, on average, according to the latest data from the National Center of Education Statistics.
Even grad school loans offered by the government can be tough to repay. Federal grad PLUS loans, available to graduate and professional students for education expenses not covered by other financial aid, have a 9.08% interest rate in 2024-25, compared to 6.53% for direct loans for undergraduates.
Bills can quickly become unmanageable. A hypothetical borrower who has $88,220 in grad school debt with a 9.08% interest rate would owe more than $1,100 each month on the standard 10-year repayment plan.
Luckily, you still have loan relief and forgiveness options, especially if you work in certain professions. And with interest rates poised to fall, refinancing with a private lender may help you pay off your debt faster or lower monthly payments. If you’re struggling to pay your monthly grad school loan bill, consider these five key strategies.
1. Switch your repayment plan
Borrowers with federal loans are automatically placed on the standard 10-year repayment plan, which splits all of your debt — undergraduate and graduate — into 120 equal payments, plus interest.
Alternate repayment plans may lower your payments, especially if you have a lot of debt relative to your earnings. Income-driven repayment (IDR) plans cap your monthly bills at 10% to 20% of your income if you have graduate loans. After 20 or 25 years, the government forgives your remaining grad school debt. There are two key IDR plans currently available to most grad school borrowers:
Outside of the IDR program, the government offers two other alternative repayment plans that may lower your bills:
Extended repayment. If you owe at least $30,000, you can extend your repayment period up to 25 years on this plan. Payments can be fixed or they can increase gradually. You’ll likely pay more in total interest, but monthly bills may be smaller.
Graduated repayment. Your monthly payments will start relatively small and increase every two years over a 10-year period.
If you’re not sure which plan to choose, call your federal student loan servicer. Your servicer can walk you through the available options and help you choose a plan that lowers your monthly bills. To get a general idea of your repayment options, you can also use the loan simulator on studentaid.gov.
Private lenders offer fewer flexible repayment plans than the government. To explore your options for private grad school debt, refer to your loan origination documents and contact your lender with questions.
2. Set up autopay
Here’s an easy way to lower your monthly bill: set up automatic student loan payments. If you have federal student loans, autopay will result in a 0.25 percentage point interest rate deduction. For example, a 9.08% interest rate would become 8.83%. Over a 10-year repayment period on $88,220 worth of loans at the 9.08% rate, you’d save about $1,430 by simply enrolling in autopay.
Log into your online federal student loan servicer account to set up autopay.
Some private lenders also offer autopay discounts. Refer to your loan origination documents for details.
3. Explore other student loan forgiveness programs
IDR isn’t the only path to debt relief — there are more than a dozen student loan forgiveness programs available to borrowers. If you have graduate debt, consider these options:
Public Service Loan Forgiveness. Consider working for the government or a nonprofit organization to get loan forgiveness after 10 years. Teachers, firefighters, nurses, humanitarian aid workers, social workers and those in related professions may qualify. During the Biden administration, the average PSLF recipient has gotten $73,150 worth of student debt forgiven, according to a NerdWallet analysis of Education Department data from August 2024.
State and local student loan forgiveness programs. Depending on where you live and your profession, your state or community could forgive a certain amount of your student loan debt. For example, Vermont offers up to $5,000 in student loan repayment assistance if you recently graduated from a Vermont college or university and stay to work for an employer based in the state for at least two years. Many states also offer student loan repayment benefits for medical practitioners, ranging from therapists and social workers to dentists and surgeons.
4. Find an employer that offers student loan benefits
An increasing number of companies offer student loan benefits to employees. Nearly half of all organizations offer tuition assistance, and 9% offer student loan repayment benefits, according to the Society of Human Resource Management’s 2024 Employee Benefits Survey.
Student loan benefits vary by company. Reach out to the HR department of your current or prospective employer to learn about your options.
5. Compare refinancing options
If you’re earning a decent income and have a credit score at least in the high 600s, refinancing could get you a lower interest rate on your grad school loans. A lower rate can decrease both your monthly bills and the amount you’ll pay overall.
However, refinancing federal student loans is risky, because you’ll forfeit flexible repayment options, possible loan forgiveness and key borrower protections, like generous forbearance policies.
Only refinance your federal grad loans if you’re sure you won’t ever need these repayment features. For example, let’s say you have a steady, well-paying consulting career in the private sector. You won’t qualify for PSLF. Since you’re a high earner, an IDR plan may not lower your bill relative to the standard 10-year plan, and you may pay off your debt before reaching the IDR forgiveness threshold. In this case, refinancing to get a lower interest rate could be the best route toward managing your monthly bills and paying off your debt completely.
If you have private grad school loans, you won’t risk losing any federal protections by refinancing, because you didn’t have them in the first place. In this case, refinancing if you can get a lower rate is an easier decision.
The Federal Reserve recently cut interest rates, which could prompt lenders to lower their student loan refinance rates further. There’s no limit to the amount of times you can refinance; if you already have private student loans, consider doing so whenever you can lock in a lower rate.
To begin the process, compare rates and terms offered by different lenders and use a student loan refinance calculator. Prioritize lenders that offer a rate estimate with a soft credit check, so your credit score doesn’t get dinged.
Florida’s ritzy Venetian Islands — a chain of 6 man-made islands located between Miami Beach and the Miami mainland — are known for their luxury waterfront mansions and gated estates.
Among them is a 2018-built contemporary home with downtown views and over 90 feet of water frontage that’s made headlines quite a few times over the years.
Built by former Formula One driver-turned-developer Eddie Irvine, the waterfront mansion is owned by real estate mogul Alex Sapir (who heads up the Sapir Organization and Sapir Corp.) and has recently been relisted for a whopping $39 million.
And if you think that’s a hefty price, know that it had an even more ambitious asking price during its previous stint on the market; in 2023, the Miami Beach property was listed for as much as $54 million (a neighboring lot with a teardown was also baked into the price).
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San Marino Island real estate is notoriously expensive
Photo credit: Become Legendary / Douglas Elliman
The house is ideally located on San Marino Island, one of the most coveted addresses in South Florida’s prestigious Venetian Islands, where homes typically trade for $10 million or more.
Currently, there are just a handful of homes publicly listed for sale on the man-made island, and pricing reflects the exclusivity of the location: the most affordable one is priced at $7.5 million, with the rest of them sporting price tags over $14 million.
The Island’s most exclusive offering
Photo credit: Become Legendary / Douglas Elliman
Freshly relisted with a $39,000,000 asking price is an ultra-luxurious, five-bedroom waterfront mansion that’s currently the most expensive home for sale on San Marino Island.
The property — now listed with Douglas Elliman top producer Miltiadis Kastanis — spans a lot and a half with 90 feet of water frontage, and is anchored by a five-bedroom, seven-bath mansion that’s the pinnacle of luxury living.
A real estate mogul’s home
Photo credit: Become Legendary / Douglas Elliman
Built in 2018 by Formula One driver-turned-developer Eddie Irvine (who lives nearby, on Miami Beach’s Sunset Islands), the Venetian Islands house is owned by well-known real estate developer Alex Sapir, son of late billionaire Tamir Sapir. His company was behind the luxury oceanfront condo building Arte by Antonio Citterio in Surfside, Miami Beach.
Not its first stint on the market
Photo credit: Become Legendary / Douglas Elliman
Sapir first listed the home in May 2023 for $41,100,888 according to public records — or $54 million with the inclusion of a neighboring lot with a teardown property, the New York Post reported at the time.
Offering great water and skyline views
Photo credit: Become Legendary / Douglas Elliman
Now boasting a revamped price of $39,000,000 and fresh representation, the San Marco Island house is looking to attract deep-pocketed buyers who can appreciate its fine construction, stellar location, and extra-generous views — that overlook Biscayne Bay and downtown Miami’s skyline.
Living areas with views of downtown Miami
Photo credit: Become Legendary / Douglas Elliman
Inside the 7,890-square-foot residence, we find three separate social areas that benefit from skyline exposure, with 10’ telescopic windows enhancing the views.
A chef’s kitchen with an oversized pantry
Photo credit: Become Legendary / Douglas Elliman
An elegant, wood-paneled kitchen expertly conceals appliances so as not to obstruct the clean design, and comes with an oversized pantry.
The primary bedroom has views for days
Photo credit: Become Legendary / Douglas Elliman
Boasting floor-to-ceiling windows on two sides, the primary bedroom comes with two closets and a perfectly appointed bathroom.
See also: 26 Jaw-dropping Miami-area mansions
Book-matched marble in the bathroom
Photo credit: Become Legendary / Douglas Elliman
The spa-quality primary bathroom features a drench shower, deep soaking tub, expensive book-matched marble, and the same awe-inspiring views as the rest of the house.
It also has a Junior primary with an equally luxurious en-suite
Photo credit: Become Legendary / Douglas Elliman
Why settle for just one primary? The luxury Miami Beach home also comes with a junior primary bedroom outfitted with an equally elegant en-suite bathroom.
Other standout amenities
Photo credit: Become Legendary / Douglas Elliman
The trophy home comes with a series of indoor amenities including a home theater, media room, a wine cellar, and a bar, but it’s the outdoor areas that caught our eye.
Outdoor areas make the most out of the location
Photo credit: Become Legendary / Douglas Elliman
Outside, we find a whole range of amenities that make the most of the home’s stellar waterfront location. These include a pool, spa and pool cabana, a summer kitchen, and dockage for several boats and jet skis.
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“It really made me see what the organization is about, how many rock stars are around here. So that’s a great idea for people thinking about it.” The opportunity to network and develop new industry contacts at Fuse has proven a constant benefit for Copeland – now president and chief executive officer at Summit Lending … [Read more…]
Do you want to learn how to start a personal finance blog? Starting a personal finance blog changed my life. When I began Making Sense of Cents (the blog that you’re reading right now!), I had no idea that sharing my money tips would lead to financial freedom and the ability to work from anywhere….
Do you want to learn how to start a personal finance blog?
Starting a personal finance blog changed my life. When I began Making Sense of Cents (the blog that you’re reading right now!), I had no idea that sharing my money tips would lead to financial freedom and the ability to work from anywhere.
What started as a hobby turned into a full-time career, allowing me to help others take control of their finances while earning a great income.
Whether you want to help people save money, get out of debt, or learn how to invest, blogging gives you a platform to make a real impact. Plus, it’s an opportunity to earn some extra income on the side or even turn it into a full-time career.
If you’ve ever thought about sharing your own money journey and helping others improve their financial lives, now is a great time to start. In this How To Start a Finance Blog guide, I’ll walk you through how to create a successful personal finance blog, just like I did.
Quick note: I have a free How To Start A Blog FREE Course you can click here to join. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
My background with blogging
Over 10 years ago, I started my blog, Making Sense of Cents, on a whim. I had read an article about personal finance and thought it would be fun to share my own experience. At first, blogging was just a hobby.
I had no idea that people could make money from blogs. But after about six months, a blogger friend introduced me to an advertiser. I made my first $100, and I was hooked.
Since then, the blog has grown beyond my wildest dreams and I have earned over $5,000,000 blogging over the years. Blogging changed my life by giving me financial freedom and the ability to work from anywhere.
Now, I want to help you start your own successful blog.
What is a personal finance blog?
A personal finance blog is a website where you share tips and advice about money. It’s a place where you can help others understand how to save, budget, invest, and spend wisely.
Some examples of topics that a personal finance blog may cover include:
Budgeting
Saving for big purchases
Getting out of debt
Investing in stocks or real estate
Planning for retirement
Side hustles
Financial independence and early retirement
Student loans
Buying a home
Money and mental health
And so much more.
You can choose one or more of these topics to focus on.
Recommended reading: What Is A Blog, How Do Blogs Make Money, & More
Why should you start a personal finance blog?
I think that starting a personal finance blog has many benefits.
You can share your money tips and help others improve their financial situation by sharing advice on saving, budgeting, and investing. I have received countless emails over the years from readers thanking me for helping them change their lives, and these emails are always amazing to read.
Writing a blog also encourages you to learn more about personal finance through research, which can improve your own money skills. I have learned a lot about personal finance because I am constantly reading about it and because I am so active in the personal finance community.
Plus, you can earn extra income through affiliate marketing, ads, and sponsored posts, helping you reach your own financial goals. As I mentioned above, I have earned over $5,000,000 blogging over the years, and I really love running this online business – so it’s been a win all around for me!
For me, I love having a personal finance blog and it’s one of the best decisions that I’ve ever made in my life.
How To Start a Personal Finance Blog
Below is how to start a personal finance blog, step by step!
Here are some of the topics I write about on my personal finance blog.
1. Choose your blog topic
Choosing a finance niche is the first step in starting your personal finance blog. A niche is a specific area of focus that will help your blog stand out.
To help you decide, I recommend thinking about what you’re passionate about. Is it budgeting, saving money, or investing? By picking a topic you love, you’ll enjoy writing and sharing your knowledge.
You should also think about your expertise and experience. What do you know a lot about? If you have experience with paying off debt or improving your credit score, that might be your niche.
Narrowing down your niche helps you become an expert in that area. For example, instead of writing about all things finance, you might focus just on household budgeting tips.
Your niche can also help you make money. Advertisers and sponsors usually look for specific topics to advertise on. If your blog is about investing, you might attract ads from financial services.
Don’t worry if it seems too narrow. There are a lot of people interested in specific topics. Being specific can help you connect better with your readers.
I recommend starting a self-hosted WordPress blog through Bluehost.
2. Start a self-hosted WordPress blog
To start your personal finance blog, I always recommend that you sign up for a self-hosted WordPress site. This means you will own your blog and its content, unlike free blogging platforms.
WordPress is where a blogger writes their blog posts. It’s like the home base for your blog. You can log in, create new blog posts, format them (like adding pictures, headings, or links), and then publish them for your readers to see. WordPress makes it easy to manage everything from your writing to how your blog looks. It’s the platform where you do all the behind-the-scenes work to keep your blog running.
WordPress is a tool that helps you build and manage a blog or website without needing to know how to code. It’s super popular because it’s easy to use and has tons of features to customize your site.
WordPress is what I use for this website (Making Sense of Cents), too!
In short, WordPress is the tool to build your blog, and self-hosting gives you the freedom to control and expand it however you like!
Here are the steps to start a self-hosted WordPress blog:
Get a web hosting service. A popular choice for new bloggers is Bluehost.
Install WordPress. Most web hosts have a one-click installation after you sign up, so it’s quick and easy.
You can see my full tutorial for this at How To Start A WordPress Blog On Bluehost. There are step-by-step directions if you want more detail and/or want to see screenshots of the exact things you should click on.
Plus, if you use my tutorial, you can get the lowest pricing as well as a free domain name.
3. Pick a blog name
Choosing a blog name is a big first step and it can seem hard to decide on.
Here are some tips for brainstorming a personal finance blog name:
Your blog name should tell readers what your blog is about right away.
Make it unique and easy to remember. A good blog name can help attract more readers. Try to avoid long names, as they might be hard to remember. Short and catchy names work best. Also, I recommend getting a “.com” over any of the others, like “.net”
Use tools like a domain name generator to get ideas. Check if the name is available as a domain. It’s important to have the same name for your blog and website address.
Don’t be afraid to get creative. Mix and match words until you find something that fits. Keep your blog’s purpose in mind and make sure the name reflects it.
Tell friends and family about your ideas for feedback. Sometimes, others can see things you might miss.
P.S. Don’t forget that your domain name (also known as your blog name) is free if you sign up for Bluehost for your blog! You can click here to get your domain name for free.
4. Design your blog layout
The layout of your blog is super important. It helps your readers find what they need and enjoy their visit.
You have three main options when it comes to designing your personal finance blog:
Doing it yourself
Paying a web designer for a custom design
Getting a premade blog layout – this is what I recommend new bloggers do!
Doing it yourself is usually the cheapest, but it can be quite time-consuming. Paying for a custom web design is usually expensive.
I’m a big fan of simply getting a premade design. They are more affordable than a custom design and still look really good. One premade blog design site that I recommend is Restored 316 (my favorite!). If you need to build a website that is custom, professional, and budget-friendly, they have you covered! There is no need to code or stress over graphic design, either. These templates are easy to use.
Please click here if you’d like to go the easy way and get an affordable premade blog design (this is what I recommend).
5. Create the main pages for your blog
To make your personal finance blog successful, start by setting up key pages.
These pages are important, as they help your readers navigate your site easily and find the information they need.
Your key pages usually include your:
Homepage – This is the first impression your blog readers get of your blog. A clear and organized homepage helps readers quickly understand what your blog is about and gets them to click around your blog further. This should be welcoming and easy to navigate – make it clear what your blog is about and include links to your main blog topics.
About page – This is where you can tell your story. Share who you are, why you started the blog, and what your readers can expect. When I find a new blog, I like heading to their About page to learn more about them and their story – so don’t skip this page!
Contact page – This page makes it easy for readers to reach you. You can add a contact form or your email address (I usually prefer just listing your email address). This allows readers, potential partners, and advertisers to get in touch with you.
Privacy Policy page – This is where you explain how you collect and use data on your site. This is important for building trust and complying with legal requirements. Now, don’t worry if you don’t know what to write, there are many templates online that you can use. For legal templates, you can search for these online or buy a premade privacy policy here.
Disclosure page – If you earn money through affiliate links or sponsored posts, let your readers know. This keeps your blog transparent and trustworthy.
There are other pages that you may want to add as well, it just depends on what you want and how detailed you want to get. The above is a great starting point.
Other pages that you can add down the line (you don’t want to overwhelm yourself too much, especially in the beginning) may include a Work With Me page (if you offer any freelance services), FAQ page (to answer common questions readers may have), Resources page (to showcase the products that you use), and a Press page (to show your readers where you have been mentioned in the press).
6. Start social media accounts for your blog
Creating social media accounts can help your blog grow because it can make it easier for more people to find your blog.
The social media accounts that you can start include:
Facebook
Pinterest
Instagram
Twitter
TikTok
Now, you definitely do not need to be active on all of these social media accounts, but I do usually like to claim my blog name on each so that no one else can take it.
Once you have your social media accounts set up, I also recommend that you add the links to your blog’s homepage so that your readers can easily find you on social media.
7. Create a content plan
Your content plan is what you’ll write about on your blog.
First, think about who your audience is. Do they want to save money, get out of debt, or invest wisely? Knowing this helps you create content that speaks to their needs.
Next, brainstorm topics that fit your blog. You can start with basic personal finance tips, budgeting hacks, or ways to save more money each month.
Once you have a list, set up an editorial calendar where you think about how often you’ll publish new posts. It could be once a week, twice a week, or even daily. Consistency is important and I highly recommend writing at least one blog post each week.
Plan ahead by writing down specific ideas for each post. This helps you stay organized and makes sure that you always have something to write about.
Now, your blog content plan doesn’t have to be crazy; it can literally just be a list of blog posts – it all depends on how organized you want to be. For example, you can just make a list of blog posts that you want to write such as:
10 Simple Ways To Save Money Every Month
How To Create a Budget That Actually Works
Beginner’s Guide To Paying Off Debt Faster
How To Build an Emergency Fund on a Tight Budget
Smart Ways To Save for a Vacation Without Stress
Investing 101: How To Start With Just $100
5 Budgeting Mistakes To Avoid if You Want To Save More
How To Meal Plan and Save Money on Groceries
Tips for Teaching Kids About Money
How To Stop Impulse Buying and Save More
Side Hustles That Can Help You Pay Off Debt
How To Improve Your Credit Score in 6 Months
Saving vs. Investing: What’s Best for Your Goals?
Frugal Living Tips That Don’t Feel Like Sacrifice
How To Use Cash Envelopes To Control Spending
These ideas could easily fill up your editorial calendar and help you stay organized and consistent with your posts!
8. Start writing blog posts
Once your blog is set up, it’s time to write your first blog post!
Below are some tips for writing your first personal finance blog post:
Write in a way that is easy to understand. Use short sentences and simple words. Remember, you want to help and not confuse your readers.
Add personal stories or experiences. This makes your blog more relatable and interesting. People love reading about real-life situations.
Break up your text with headings, bullet points, or images to make your posts easier to read. Don’t forget to proofread your work before you publish it.
Ask your readers questions at the end of your posts. This can encourage them to leave comments and interact with your blog.
9. Find ways to make money with your money blog
There are several ways you can earn money with your personal finance blog.
One way is through affiliate marketing. You can partner with companies that have affiliate programs like Amazon. When someone buys an item through your link, you earn a commission. I have a free ebook to learn more – Affiliate Marketing Tips For Bloggers.
Ad revenue (display ads) is another option. You can place ads on your blog using services like Google AdSense, Mediavine, or Raptive Ads. When visitors see or click these ads, you make money.
You might also explore sponsored posts; this is where you partner with a company and they pay you for a review, a mention, or a blog post that talks about their product.
Selling products/services that you create is a good strategy too to make money with a finance blog. You can sell printables, write ebooks, provide consulting services, or teach online courses.
As you can see, there are many ways to make money with a personal finance blog. For me, I like to do a little bit of everything so that I am diversified with my income streams from my blog.
10. Grow your personal finance blog
To get readers to your finance blog, you need to promote it.
Some ways to grow your personal finance blog include:
Start by sharing your blog posts on social media platforms like Facebook, Pinterest (I recommend that you create a new Pinterest pin for all of your blog posts), and Instagram.
Guest post on other finance blogs. This can introduce you to new readers who might be interested in your content. For example, you could guest post and write about how you paid off your debt.
Email marketing is another effective way. I highly recommend that you find ways to get readers to subscribe to your email newsletter so that you can send updates and share new blog posts regularly. If you are looking for a way to send newsletters or emails to your readers, I recommend Convertkit.
Engage with your readers by responding to their comments and emails. Building this relationship can encourage them to share your blog with others. I ALWAYS respond to comments, emails, and messages because I think it’s the nice thing to do when your readers are taking time out of their day to write something to you.
Use search engine optimization (SEO) techniques and keyword research. This helps your blog show up in search results when people look for topics you’ve written about.
Promoting your blog takes time and effort. It takes time to grow a new personal finance blog, so try not to be too sad in the beginning if it takes time – that is completely normal.
Frequently Asked Questions
If you’re thinking about starting a personal finance blog, you might have some common questions. Here’s what you need to know to get going.
How much money do personal finance bloggers make?
The amount of money that a personal finance blogger can make varies widely. I have made over $5,000,000 blogging over the years, and I know many others who make a full-time income from their personal finance blog as well. Successful bloggers can make thousands of dollars each month through ads, affiliate marketing, sponsored posts, and digital products.
Is it too late to start a personal finance blog?
No, it’s not too late to start a personal finance blog. There’s always room for fresh voices and new perspectives in personal finance.
Do I have to have a degree in finance to start a personal finance blog?
You don’t need a finance degree to start a personal finance blog. Many bloggers share personal experiences, research, and advice.
How can I make my personal finance blog stand out from others?
To make your personal finance blog stand out from others, I recommend that you focus on your unique experience with the topic that you are writing about. For example, you could share personal stories and actionable advice for what you did to pay off your student loans or to start investing.
Is a personal finance blog profitable?
Yes, a personal finance blog can be profitable. I have made over $5,000,000 from my personal finance blog over the years, all by working from home on the internet.
How To Start a Finance Blog – Summary
I hope you enjoyed my article on how to start a finance blog.
I’ve been running this finance blog that you’re reading for quite some time now, and it’s one of the best decisions that I’ve ever made.
Starting a personal finance blog changed my life, and it could do the same for you. Sharing my money-saving tips not only helped others but also led me to financial freedom and a career I love.
There are so many different finance niches that you could write about, whether it be budgeting tips for beginners or financial advice for those who want to retire early. Plus, you don’t need to be an expert to start a personal finance blog – many people want to hear about real people’s real experiences and insights, including their journey with personal finance (so that they can learn real tips!).
Whether you’re looking to earn a little extra or turn blogging into a full-time job, this guide will help you start a successful personal finance blog that makes a real impact.
Reminder: I have a free How To Start A Blog FREE Course you can click here to join. Over 80,000 people have already taken the course. In this free course, I show you how to create a blog from the technical side to earning your first income and attracting readers.
Do you want to learn how to start a personal finance blog?
When people think of Portland, they often picture its vibrant downtown, craft breweries, and iconic bridges. However, the true essence of living in Portland extends beyond the city limits. The suburbs of Portland offer a blend of peaceful residential areas and access to both natural beauty and urban conveniences. Each Portland suburb provides its own unique mix of amenities, from quiet, tree-lined streets to bustling shopping districts, all while maintaining close proximity to the heart of the city.
In this ApartmentGuide article, we’ll explore some of the most notable Portland suburbs—from the scenic riverside communities to tech-driven hubs—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Portland or curious about the diverse Portland neighborhoods surrounding the city, let’s discover the best parts of the Portland metro area to call home.
Cost of living in Portland
Before we dive into the top Portland suburbs, let’s take a look at the cost of living in the area. Portland’s cost of living is around 19% higher than the national average, with housing playing a significant role. The median sale price for a home in Portland is approximately $529,950, which is notably higher than the national average of $432,657. Rent for a one-bedroom apartment in Portland averages about $1,627 per month, reflecting the growing demand in the city.
While Portland itself has seen rising prices, many of the surrounding suburbs offer a range of housing options at varying price points. Below, we’ll take a closer look at some of the most desirable suburbs for those looking to live near Portland.
If you’re looking for more specific rental insights, check out our guides on the 11 Most Affordable Neighborhoods in Portland, OR for Renters in 2024 and the 9 Most Expensive Neighborhoods in Portland to Rent in 2024.
1. Beaverton
Known for: Tech industry hub, shopping, and outdoor recreation
Beaverton, located just seven miles west of downtown Portland, is one of the most sought-after suburbs in the region. The city is home to Nike’s world headquarters, along with several major tech companies, earning it a reputation as a tech industry hub. Beaverton also offers a blend of urban amenities and suburban comfort. Residents have easy access to shopping centers like Washington Square Mall and the Streets of Tanasbourne, along with an abundance of dining options ranging from local cafes to international cuisine.
Outdoor enthusiasts will appreciate Beaverton’s proximity to the Tualatin Hills Nature Park, which offers hiking trails, wildlife viewing, and open green spaces. The city has invested heavily in parks and recreation, making it a haven for those who enjoy an active lifestyle. With a mix of apartments, single-family homes, and upscale new developments, Beaverton has something for everyone, making it an ideal suburb for both professionals and those looking for a balance between city and nature.
Population: 100,000 Average rent for a one-bedroom apartment: $1,702 Median home sale price: $567,500 Beaverton transportation scores: Walk Score 52, Bike Score 67, Transit Score 35
Apartments for rent in Beaverton, OR | Houses for rent in Beaverton, OR | Homes for sale in Beaverton, OR
2. Lake Oswego
Known for: Upscale living, proximity to the lake, and scenic beauty
Lake Oswego is one of Portland’s most affluent suburbs, located just 10 miles south of the city. Nestled around Oswego Lake, this suburb is known for its luxury homes, well-manicured streets, and lush landscapes. Lake Oswego offers a high-end lifestyle, with its vibrant downtown area featuring boutique shops, art galleries, and fine dining options. The suburb is home to a thriving arts scene, with regular cultural events, concerts, and galleries that attract both locals and visitors.
Residents can enjoy outdoor recreation on Oswego Lake, where boating, fishing, and lakeside picnics are popular. Additionally, the city is known for its extensive network of parks, including George Rogers Park and Tryon Creek State Natural Area, which offer hiking trails and green spaces perfect for outdoor enthusiasts. Lake Oswego is also conveniently located near top-rated golf courses and country clubs, adding to its appeal for those seeking an upscale lifestyle.
Population: 40,000 Average rent for a one-bedroom apartment: $1,811 Median home sale price: $906,000 Lake Oswego transportation scores: Walk Score 37, Bike Score 47, Transit Score 23
Apartments for rent in Lake Oswego, OR | Houses for rent in Lake Oswego, OR | Homes for sale in Lake Oswego, OR
3. Hillsboro
Known for: High-tech employment, suburban amenities, and outdoor activities
Hillsboro, located about 18 miles west of downtown Portland, is the largest city in Washington County and a major center of the “Silicon Forest” tech corridor. With Intel and other major tech employers calling Hillsboro home, the suburb has experienced significant growth in recent years. Hillsboro is known for its modern residential developments, excellent schools, and a wide range of amenities, from local farmers’ markets to upscale shopping centers.
Despite its rapid growth, Hillsboro has retained a suburban charm, with access to nature and outdoor activities playing a key role in the local lifestyle. Residents can explore Jackson Bottom Wetlands Preserve or Rood Bridge Park, which offer trails, wildlife observation, and beautiful natural settings. With a mix of new housing developments and established neighborhoods, Hillsboro provides a variety of options for homebuyers and renters. Its location along the MAX light rail line also makes commuting to Portland convenient for those working in the city.
Population: 108,000 Average rent for a one-bedroom apartment: $2,061 Median home sale price: $532,500 Hillsboro transportation scores: Walk Score 44, Bike Score 72, Transit Score 37
Apartments for rent in Hillsboro, OR | Houses for rent in Hillsboro, OR | Homes for sale in Hillsboro, OR
4. Tigard
Known for: Suburban living with urban conveniences and green spaces
Tigard is located about 10 miles southwest of Portland and offers a mix of residential neighborhoods, shopping, and outdoor recreation. As one of Portland’s more affordable suburbs, Tigard is known for its friendly environment, making it an attractive option for those seeking suburban living with easy access to the city. Tigard’s central location near Beaverton and Tualatin gives residents a variety of nearby employment opportunities, while its well-connected public transportation options make it an ideal spot for commuters.
The suburb is home to the popular Bridgeport Village, an outdoor shopping center featuring high-end stores, dining, and a movie theater. Tigard also offers ample green spaces, with parks like Cook Park and Dirksen Nature Park providing opportunities for hiking, biking, and nature exploration. With a mix of affordable housing, upscale developments, and apartment complexes, Tigard caters to a wide range of residents.
Population: 54,000 Average rent for a one-bedroom apartment: $1,749 Median home sale price: $634,970 Tigard transportation scores: Walk Score 43, Bike Score 62, Transit Score 30
Apartments for rent in Tigard, OR | Houses for rent in Tigard, OR | Homes for sale in Tigard, OR
5. Gresham
Known for: Affordability, proximity to nature, and revitalized downtown
Gresham, located about 16 miles east of downtown Portland, is one of the area’s more affordable suburbs, making it an appealing choice for those seeking more space and lower housing costs. Known as the gateway to the Columbia River Gorge, Gresham is a haven for outdoor lovers, offering easy access to hiking, biking, and stunning views of the Pacific Northwest’s natural beauty. The suburb’s proximity to scenic attractions like Multnomah Falls and the Historic Columbia River Highway make it a favorite among residents who enjoy outdoor activities.
In recent years, Gresham’s downtown area has undergone revitalization, with new restaurants, cafes, and shops opening, creating a more vibrant community atmosphere. Gresham also boasts several parks, including Main City Park and Red Sunset Park, providing ample green spaces for recreation. For those looking for an affordable option without sacrificing access to Portland or outdoor recreation, Gresham is an excellent choice.
Population: 112,000 Average rent for a one-bedroom apartment: $1,477 Median home sale price: $497,900 Gresham transportation scores: Walk Score 47, Bike Score 64, Transit Score 39
Apartments for rent in Gresham, OR | Houses for rent in Gresham, OR | Homes for sale in Gresham, OR
6. West Linn
Known for: Scenic views, upscale neighborhoods, and outdoor activities
West Linn, located south of Lake Oswego along the Willamette River, is a picturesque suburb known for its rolling hills, beautiful landscapes, and upscale homes. This area attracts residents who value privacy, scenic beauty, and access to outdoor activities. The suburb is home to Mary S. Young Park, a popular spot for hiking, picnicking, and enjoying views of the Willamette River. The historic Willamette District offers boutique shops, restaurants, and cafes, adding charm to the suburban experience.
West Linn is a quieter, more residential-focused suburb, perfect for those seeking a slower pace of life while staying close to Portland. The housing market includes luxury estates, single-family homes, and newer developments, offering a variety of options for homebuyers. The area’s top-rated schools also make it a desirable location for those looking for a peaceful lifestyle.
Population: 27,000 Average rent for a one-bedroom apartment: $2,127 Median home sale price: $850,000 West Linn transportation scores: Walk Score 34, Bike Score 41, Transit Score 21
Apartments for rent in West Linn, OR | Houses for rent in West Linn, OR | Homes for sale in West Linn, OR
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Portland area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.
A debt validation letter is a document — typically from a collections company — that shares the recorded details of an outstanding debt. This letter contains the amount you owe, the name of the original creditor, the date by which you’re required to pay the collections company, and the instructions for how to dispute it. It should also advise you that, if you plan to dispute the debt, the dispute must be filed within 30 days.
Obtaining a debt validation letter is an important step toward disputing a fraudulent debt or repaying a legitimate one. Read on to learn more about how a debt validation letter works and what to do if you receive one.
Defining a Debt Validation Letter
If a debt collector contacts you by phone, you should ask them to contact you in writing instead. That way, you will have an easy-to-reference document in hand, and you may be able to protect yourself from too frequent debt collection calls as well as from scammers.
Once you make your request, the collections agency is required to send you a debt validation letter, which lists the following information:
• Debt collections agency’s information
• Original creditor’s information (for example, a credit card company)
• Account number associated with the debt
• Amount owed
• Information about how to file a dispute, including a tear-off form to make taking the next step easier
Once you have a debt validation letter, you can take a closer look to ensure you recognize the original debt. Then you can make a plan to repay it if it’s legitimate — or begin the dispute process if you have any doubts.
Purpose and Legal Basis
No matter what type of debt they’re seeking repayment for, collections agencies are legally required to offer debt validation letters. These ensure they’re seeking remuneration for legitimate debts only.
There are laws governing how often a debt collections agency can contact you. According to the Debt Collection Rule, which is part of the Fair Debt Collection Practices Act, it’s a violation of the law for debt collectors to call you more than seven times within a seven-day period or within seven days after getting you on the phone about a specific debt.
However, these restrictions do not apply to text messages, emails, or even contact via social media. Fortunately, though, such messages are required to offer a simple opt-out option.
When to Request Debt Validation
If you receive a validation of debt letter and you’d like to file a dispute, you can send a letter requesting proof that you owe the debt in the first place. The collections agency must be able to provide this proof, which is called debt verification, in order to continue to pursue your payment or report the debt to credit bureaus. You can also use this moment to formally ask the creditor not to contact you in any way other than written letters.
However, again, it’s critical that you ask for debt verification in a timely manner — as soon as possible after receiving the original debt validation letter. Debts that are not disputed within 30 days are presumed to be valid by the collector, so be sure to take care of the matter as quickly as possible.
Recommended: How to Pay Off Debt in 9 Steps
Debt Validation Process
Once you request debt verification, the collector must provide proof that you owe the original debt. This may include documentation from the original creditor. Some key next steps to know:
• If the debt collections agency cannot provide this proof, they are legally required to stop pursuing your payment.
• If they continue to do so, or report an invalid, fraudulent debt to the credit bureaus, damaging your credit history and score, you can sue them.
Benefits of Debt Validation Letters
If funds you legitimately owe have gone to collections, paying the debt off as quickly as possible is usually the best policy. Having a debt in collections can be very bad for your credit score, and collections agencies may be able to charge additional interest or even take you to court.
If you do need to pay off the debt, you can explore your options, such as finding a budgeting method that suits your needs or taking out a personal loan.
However, if the debt is not legitimate or the collections agency can’t definitively prove you owe the debt, requesting validation and verification can help you successfully file a dispute. This can also help you avoid paying money you don’t owe (as well as ongoing negative impacts to your credit history).
Recommended: Becoming Debt-Free
Drafting an Effective Debt Dispute Letter
A properly executed debt dispute letter should make it clear that you do not recognize the debt and believe it is not yours in the first place. You should also request documentation that proves you incurred the debt. The Consumer Financial Protection Bureau offers a letter template that you can use in this scenario, which makes the process as simple as personalizing the letter, printing it out, and sending it to the agency.
The Takeaway
A debt validation letter is a document that lists how much you owe, to whom you owe it, and who is trying to collect it. It also informs you about your right to dispute the debt. Once you receive a validation of debt letter, you can begin the dispute process by requesting debt verification. In addition, a debt validation letter can help you move forward if you are dealing with too frequent contact from a creditor or believe a scam may be involved.
Becoming debt free can be challenging — but it’s possible. One helpful tool could be a personal loan.
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FAQ
Do I have to pay a debt if validation is not provided?
If a collections agency contacts you, you should request a debt validation letter — because the agency is required by law to produce validation and verification if they are to continue to pursue your repayment. Additionally, having a debt validation letter in hand is the first step toward filing a dispute if it turns out the debt is illegitimate.
What happens if the creditor doesn’t respond to the validation letter?
If a collections agency does not respond to your request for a debt validation letter, it may be a scam — as all legitimate collections agencies are legally required to validate debts. If the organization continues to harass you, you may want to seek legal counsel in order to ask them to cease and desist.
How long does a creditor have to respond to a debt validation request?
First things first: As the consumer receiving a debt validation letter or notice of collections attempts, you must request debt verification or dispute the debt within 30 days. While there’s not a specific set timeline in which a collector must respond to your debt validation request, if they can prove the debt, their motivation for repayment means you’ll probably hear from them sooner than later.
Photo credit: iStock/sturti
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Named one of the cloudiest, snowiest, and coldest U.S. cities, Anchorage AK, is also one of the prettiest. With the Chugach Mountains in the distance and lots of gorgeous water, Anchorage truly has an abundance of natural beauty. Not to mention, Anchorage was also named one of the most affordable places to live in Alaska!
However, if you’re not sure where to start your sightseeing journey, don’t worry. We’ve compiled Anchorage’s 10 top beautiful places to check out whether you’ve just signed a lease for your rental home, are looking for an apartment, or have lived in your Anchorage, AK home for several years and many more to come.
1. Tony Knowles Coastal Trail
In no particular order, our first recommendation is the Tony Knowles Coastal Trail. This is one of Agnes Stabinska’s, of travel blog Alaska Itinerary, favorites for a reason. She particularly loves the stunning views of the coastline, Chugach Mountains, and if you’re lucky – Denali in the distance.
“It’s perfect for walking, biking, and photography, especially around sunset when the light beautifully illuminates the landscape. This 11-mile-long scenic path stretches from downtown Anchorage to Kincaid Park. Along the trail, some of the best viewpoints include Earthquake Park, which offers historical insights and beautiful coastal views, and Point Woronzof, where you can catch stunning sunset views and spot airplanes taking off from the nearby airport,” says Agnes.
2. The Turnagain Arm
Another great option is The Turnagain Arm located just thirty minutes from downtown Anchorage. Bloggers José Luis Vílchez and Cora Rose of Art We There Yet? love this spot for three main reasons: to “1) Watch surfers ride the bore tide (a unique phenomenon that only happens in a few key places on the globe). 2) Look for eerie stands of dead trees along the Upper Arm. Often called “ghost forests”, these trees died when the land suddenly fell 6-8ft during the historic 1964 earthquake (second largest in recorded history). 3) Drive up Portage Valley Rd and view glacier after glacier clinging to the valley walls.” Their absolute favorite is the 14-mile isthmus trail which is the only stretch of land connecting the Kenai Peninsula to mainland Alaska, so make sure you add that to the top of your list.
Photo courtesy of Art We There Yet?
3. Mount Baldy
Next up, we have Humphrey Hawksley’s favorite place – Mount Baldy. “Matt Worden from Go Hike Alaska led me on the thousand feet climb along well marked trails where you can absorb Alaska’s expanse, beauty and tranquility,” notes Humphrey. “Roaming the ridgeline, you have mountainscape on one side and panoramic scenes across the Eagle River on the other,” he describes.
Afterwards, Humphrey recommends checking out the Writer’s Block Bookstore and Cafe for a cup of joe, a new read, and some music. As the author of the Rake Ozenna thriller series (set in Alaska), we know his suggestion is foolproof.
4. Potter’s Marsh
“A hidden oasis in Anchorage is Potter’s Marsh, a wildlife viewing boardwalk and bird sanctuary,” says Your Alaskan Adventures’ Deborah Raarup. On this boardwalk stroll, you can expect to see moose, a variety of birds, and even some muskrats year round, as well as swans and their baby cygnets in the spring.
Additionally, “On a clear day, you can see the beautiful Chugach Mountains to the east and the Turnagain Arm to the west,” tells Deborah. With the abundant wildlife and beautiful backdrop. Potter’s Marsh is truly “one of the best places in Anchorage to get outside on an easy hike to see wildlife.”
Photo courtesy of Your Alaskan Adventures
5. Earthquake Park
Add in a bit of Alaskan history with your nature outing at Earthquake Park. Although a tragic event, this spot commemorates the 1964 earthquake with several signs explaining the effects of the disaster. Beyond your daily history lesson, this park also features incredible trails with the best coastal views and if you’re in luck, gorgeous wildflowers. Don’t forget to stop at the oversation points to take in a grand sight of Cook Inlet and the surrounding mountains.
6. Chugach State Park
It wouldn’t be an Anchorage article without the mention of Chugach State Park! This beloved spot “provides Anchorage residents and visitors with world-class backcountry recreation via numerous trailheads within a half hour drive from the international airport and downtown of Alaska’s largest city,” says Mat Brunton, mountain guide and outdoor educator of Chugach Mountain Institute.
It’s hard to find a park with more diverse landscapes as Chugach has it all: rugged mountains, glaciers, lush forests, and pristine lakes. Beyond hiking, this park is great for biking, spotting wildlife (moose, bears, eagles, etc.), fishing, camping, snowshoeing, and more. With the beautiful scenery and several activities to enjoy, it’s truly a favorite destination for outdoor lovers of all levels for a reason.
7. Adventure in the backcountry of Anchorage, AK
Looking to explore? The National Center for Outdoor & Adventure Education (NCOAE) offers the best wilderness adventures for both teens and adults. Starting in Anchorage, you’ll travel to McCarthy, settle in, and trek across the Alaskan wilderness to a rendezvous point.
What next? Great question! At this remote airstrip, a bush plane will pick you up for a journey further into the backcountry – how cool! “During these days, participants hone their outdoor and leadership skills in the heart of the Alaskan wilderness. The landscape and wildlife provide a dramatic backdrop for the learning experience. Participants may encounter moose, lynx, bears, ground squirrels, Dall sheep, and other wildlife during their guided trip. Whatever challenges the Alaskan wilderness presents, you’ll gain the skills to endure and enjoy it with confidence and style. And once your adventure is complete, you’ll be returned safe and sound to Anchorage,” describes brand and business journalist Mikal Belicove.
8. Flattop Mountain
Indigo Alpine Guides owner Jack Bynum’s perfect day includes a hike to Flattop Mountain. An accessible hike for all levels, this mountain is arguably the most climbed in all Alaska. There are several different paths to choose from, so enjoy having a choose-your-own-adventure moment. Before the hike, Jack recommends fueling up at Fire Island Bakery and/or grabbing breakfast at Middleway Cafe. If you’re doing a late afternoon hike, Jack suggests stopping for a bite at Hearth Pizza for a well-deserved slice or two.
9. Ship Creek
For the ideal afternoon activity, take artist Duke Russell’s suggestion and scooter down to ship creek and the public boat launch. This spot “provides beautiful views of the downtown skyline as well as the Chugach Mountains and Government Hill,” describes Duke. Additionally, “When the tide is out, you’ll see many sea birds feeding in the flats along ship creek,” he adds. A scooter ride followed by a scenic view and beautiful birds? What more could you ask for?
10. Lake Hood
Thirsty for water? Alaskan Sights and Bites’ co-owners Dan and Chris Morris absolutely love Lake Hood. As the world’s busiest seaplane bases, it’s the perfect spot to watch the takeoff and land. And with the backdrop of the Chugach Mountains? There’s no better Alaskan experience. It’s also “a great spot to take photos, and get a feel for the adventurous spirit of Alaska — a place we often share with guests on our Alaskan Sights & Bites van tours,” add Dan and Chris.
Darby works as a Content Marketing Coordinator on Redfin’s impressive Content Marketing team. Her experience includes media advertising, graphic design, and a B.A. in business leadership with a concentration in marketing and communication studies. She currently resides in Seattle, WA, and can be found crafting with her friends and sipping on a chai latte at Gasworks Park. Her dream home is either a cream cottage in Madrona, WA, or a brownstone in the West Village.
When people think of Madison, WI, they often picture its lively downtown, iconic Capitol building, and the picturesque lakes that surround the city. However, the true essence of living in Madison extends beyond the city limits. The suburbs of Madison are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s vibrant amenities, including its university, dining, and cultural attractions. These Madison suburbs are spread across various parts of the metropolitan area, each with its own unique character and charm.
In this ApartmentGuide article, we’ll explore some of the most notable Madison suburbs—from peaceful lakeside towns to fast-growing communities—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Madison or curious about the different Madison neighborhoods around the city, let’s discover the best parts of the Madison metro area to call home.
Cost of living in Madison
Before we dive into the top Madison suburbs, let’s cover how much it costs to live in Madison. The overall cost of living in Madison is about 5% higher than the national average. Housing is a significant factor, with the median sale price for a home in Madison at around $408,000, which is slightly below the national median of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Madison at approximately $1,714, which is close to the national average of $1,494.
While some suburbs around Madison offer more affordable options, others provide more upscale, spacious living opportunities. Here, we’ll explore a range of top suburbs, offering different lifestyle and housing choices depending on your budget and preferences.
1. Middleton
Known for: Excellent schools, vibrant downtown, and business headquarters
Middleton, located just five miles west of Madison, is one of the area’s most sought-after suburbs. Known for its highly-rated public schools, Middleton has long been considered a prime destination for those looking for top-notch education, small-town charm, and easy access to Madison. The city’s quaint yet lively downtown district features a variety of locally-owned restaurants, cafes, boutiques, and community spaces, giving it a welcoming, vibrant feel.
In addition to its charm, Middleton is home to several major businesses, including Spectrum Brands and American Girl, providing local job opportunities while maintaining a small-town atmosphere. The area also boasts access to recreational activities, with several parks, including Pheasant Branch Conservancy, offering hiking, biking, and wildlife watching.
Population: 21,000 Average rent for a one-bedroom apartment: $1,647 Median home sale price: $579,000 Middleton transportation scores: Walk Score 46, Bike Score 59, Transit Score 25
Apartments for rent in Middleton, WI | Houses for rent in Middleton, WI | Homes for sale in Middleton, WI
2. Sun Prairie
Known for: Rapid growth, diverse housing options, and local amenities
Sun Prairie, located about 12 miles northeast of Madison, has transformed from a quiet town into a booming suburban hub over the past decade. Its expansion has been marked by new residential developments, a growing retail sector, and a wide array of dining options, making it a vibrant community. The downtown Sun Prairie area offers a mix of new restaurants, bars, and local shops, while the suburb’s spacious parks and recreation centers make it a great place for outdoor activities.
One of the suburb’s key advantages is its affordability and variety of housing options. From new townhomes to single-family houses, Sun Prairie provides diverse options for a range of residents, whether you’re renting or buying. Its location near major highways also makes commuting to Madison quick and easy.
Population: 35,000 Average rent for a one-bedroom apartment: $1,495 Median home sale price: $424,500 Sun Prairie transportation scores: Walk Score 33, Bike Score 56
Apartments for rent in Sun Prairie, WI | Houses for rent in Sun Prairie, WI | Homes for sale in Sun Prairie, WI
3. Fitchburg
Known for: Scenic parks, growing neighborhoods, and outdoor activities
Fitchburg is a dynamic suburb located just south of Madison, known for its extensive green spaces and outdoor recreational activities. The suburb has seen rapid development over the past decade, with several new residential neighborhoods emerging alongside established communities. Its parks, such as McKee Farms Park and the Capital City Trail, offer a wide range of recreational activities, from biking to picnicking, making it an excellent choice for outdoor lovers.
Fitchburg also has a diverse housing market, ranging from single-family homes to modern apartments, making it an attractive option for those who want a bit more space while still staying connected to Madison. The area is also home to several tech firms and educational institutions, providing opportunities for local employment.
Population: 31,000 Average rent for a one-bedroom apartment: $1,572 Median home sale price: $434,019 Fitchburg transportation scores: Walk Score 30, Bike Score 58, Transit Score 20
Apartments for rent in Fitchburg, WI | Houses for rent in Fitchburg, WI | Homes for sale in Fitchburg, WI
4. Waunakee
Known for: Small-town feel, growing developments, and scenic beauty
Waunakee, located about 10 miles north of Madison, offers a peaceful, close-knit community with a variety of housing options. Known for its historic downtown area and an increasing number of modern amenities, Waunakee has grown in popularity over recent years. Residents enjoy access to parks, trails, and outdoor activities, including nearby Governor Nelson State Park, which offers waterfront recreation on Lake Mendota.
Waunakee’s housing market has also seen steady growth, with new residential developments bringing modern homes and townhouses to the area. Despite its recent expansion, Waunakee maintains its small-town charm, attracting residents who value a quiet atmosphere while remaining close to Madison.
Population: 14,000 Average rent for a one-bedroom apartment: $1,221 Median home sale price: $714,500 Waunakee transportation scores: Walk Score 82, Bike Score 65
Apartments for rent in Waunakee, WI | Houses for rent in Waunakee, WI | Homes for sale in Waunakee, WI
5. Verona
Known for: Tech industry presence, suburban growth, and outdoor recreation
Verona, located about 12 miles southwest of Madison, has gained recognition for being home to Epic Systems, one of the world’s leading healthcare software companies. Verona has experienced substantial residential and commercial development as a result, making it one of the area’s fastest-growing suburbs. The suburb offers a range of housing options, including newer single-family homes, modern apartment complexes, and quiet residential streets.
Verona also boasts several outdoor recreational opportunities, including parks, nature reserves, and easy access to the Ice Age National Scenic Trail, which passes through the region. The suburb’s combination of employment opportunities, suburban growth, and scenic beauty makes it an appealing destination for residents who want to work and play near Madison.
Population: 14,000 Average rent for a one-bedroom apartment: $1,600 Median home sale price: $555,000 Verona transportation scores: Walk Score 79, Bike Score 67
Apartments for rent in Verona, WI | Houses for rent in Verona, WI | Homes for sale in Verona, WI
6. Monona
Known for: Lakeside living, access to downtown Madison, and recreational opportunities
Monona, a small suburb located along Lake Monona’s eastern shore, offers stunning views and easy access to lakeside activities. Just a few miles from downtown Madison, Monona blends peaceful suburban living with proximity to the city’s vibrant amenities. Its parks, including Winnequah Park, provide plenty of outdoor space for residents to enjoy picnics, sports, and water activities.
Monona is known for its variety of housing options, including cozy lakefront homes, apartments, and townhouses, making it a desirable place for those who love nature and water recreation while staying connected to the city. The suburb’s scenic beauty and local events make it a hidden gem in the Madison metro area.
Population: 8,000 Average rent for a one-bedroom apartment: $1,350 Median home sale price: $456,500 Monona transportation scores: Walk Score 52, Bike Score 57
Apartments for rent in Monona, WI | Houses for rent in Monona, WI | Homes for sale in Monona, WI
7. DeForest
Known for: Affordable living, small-town charm, and easy commuting
DeForest, located about 15 miles north of Madison, is a growing suburb known for its affordable housing and quiet, small-town feel. The suburb offers a variety of homes, from charming older residences to new developments, making it a great option for those seeking affordable housing close to Madison. Its location near major highways also makes commuting to the city relatively easy.
DeForest offers access to several parks, trails, and outdoor spaces, including the Yahara River Trail, which is perfect for walking, biking, and enjoying the natural beauty of the area. With its balance of affordability, small-town charm, and proximity to Madison, DeForest continues to grow in popularity.
Population: 10,000 Average rent for a one-bedroom apartment: $1,350 Median home sale price: $489,150 DeForest transportation scores: Walk Score 74, Bike Score 57
Apartments for rent in DeForest, WI | Houses for rent in DeForest, WI | Homes for sale in DeForest, WI
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Madison area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.
There is apparently a “home cost crisis,” and a new fintech company called Mesa is looking to solve that.
It’s no secret that home prices are through the roof, and when coupled with much higher mortgage rates and things like skyrocketing homeowners insurance, it can put homeownership out of reach.
Or at the very least, make it a struggle for the average American to keep up. To ease this burden, the company has rolled out a suite of products to make homeownership a little more affordable.
Perhaps ironically, this new company operates out of Austin, Texas, one of the hardest hit housing markets nationwide.
The popular metro has suffered from a glut of housing supply as many remote tech workers packed their bags and moved back to wherever they came from.
What Is Mesa?
Referred to as the “first homeowner membership platform,” Mesa is actually a group of offerings aimed at making homeownership cheaper and more valuable.
This means putting better mortgage deals in front of prospective home buyers and giving them rewards when they make housing-related purchases.
Their first two products are the Mesa Mortgage Marketplace and the Mesa Homeowners Card.
The marketplace appears to operate similar to the Zillow Mortgage Marketplace. Prospective home buyers and existing homeowners looking to refinance can compare lenders in one place.
And aside from maybe scoring a lower rate and/or reduced closing costs, they can earn a portion of the loan amount back in rewards points.
Those who take out a loan via the Marketplace get 1% back in the form of rewards.
For example, a $500,000 loan amount would result in 500,000 rewards points, which would be worth $5,000.
Those points could then be redeemed for things like closing costs on the loan, or for travel, or even reinvested back into the home via an extra mortgage payment.
It’s important to note that Mesa is not a mortgage lender or a mortgage broker, but rather provides advertising for lenders and brokers via the marketplace and earns a fee.
The Mesa Homeowners Card
Their other main product at launch is the “Mesa Homeowners Card,” which they refer to as the first premium credit card designed specifically for homeowners.
We’ve seen other homeowner-centric credit cards in the past, but this one is apparently premium for one reason or another.
Like other cards before it, cardmembers can get rewarded when they use the card to make monthly mortgage payments.
But it goes a step further by offering bonus points on things like HOA fees, utilities, home repairs, and other home-related services like insurance.
Per TechCrunch, you’ll earn 1X when using the card to make mortgage payments, 2X on gas and groceries, and 3X in the home services category.
These points will be eligible for gift card redemptions, mortgage payment redemptions, or transfers to airline & hotel partners.
My understanding is you’ll be able to use the Mesa Homeowners Card to make your mortgage payments, despite credit card issuers commonly not allowing this.
Mesa has partnered with Visa on the deal and has a team that formerly worked at companies like American Express, Capital One, and Bilt, the latter of which wanted to reward customers for paying the mortgage with a credit card.
Bilt currently lets cardholders pay their rent and earn cash back without being subject to a transaction fee.
They had planned to do the same for mortgage payments, but it never came to fruition. Will Mesa succeed where others failed? It remains to be seen, but it has always been a challenge.
Ultimately, mortgage lenders don’t love the idea of homeowners paying the mortgage with a credit card, and for good reason.
So it’s possible Mesa will cut a check or send an ACH if you use their credit card to pay your loan servicer, to ensure payment is accepted.
The Mesa Homeowners Network
Lastly, Mesa has partnered with “brands you love” to provide exclusive discounts and offers.
This might include discounts for memberships at Costco and at other businesses that offer homeowner-centric services.
In addition, the company plans to expand their membership rewards to HELOC originations, home warranty plans, insurance, and other financial products for homeowners. And an app is coming soon as well.
The goal is to make homeownership both more affordable and rewarding by offering discounts and cash back on all related expenses.
Knowing today’s cost pressures go beyond the principal and interest on the mortgage, this could provide some relief to households who are stretched.
For me, the question mark remains whether they’ll be able to let users pay the mortgage with the credit card.
If they’re able to pull that off, it might be worthwhile. If not, you could argue that credit card points earned with other issuers could hypothetically be cashed out and applied toward the mortgage the same way.
For example, I can currently cash out by Chase Ultimate Rewards at a penny apiece and apply extra payments toward my mortgage. But I can’t use my Chase card to pay the mortgage.
So they’ll need something to truly differentiate and add value versus existing options. I’d probably consider it if they let me pay the mortgage each month.
Aside from earning 1% back each month, I’d get a grace period to float the mortgage payment before the payment was due.
The product is currently waitlisted and you can sign up via their website if interested.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Undergraduate students who have financial need can apply for the federal Pell Grant each year to receive aid for their education. If you meet the Department of Education’s requirement for the grant program, be aware that there is a Pell Grant lifetime limit. Eligible students can receive a Pell Grant for about six years, or 12 terms of school.
Once you’ve reached the maximum number of times you can get a Pell Grant, you’ll be ineligible for future awards.
What Is a Pell Grant?
A Pell Grant is a government-sponsored program that offers aid to undergraduate students who demonstrate exceptional financial need. The grant is not available to graduate and professional students. In general, students who have previously earned a bachelor’s degree or higher are not eligible for a Pell Grant.
Students applying for Pell Grant funds for the 2022-23 academic school year can receive up to $6,895.
How many Pell Grants you can get depends on factors including your financial need, your school’s confirmed cost of attendance, whether your enrollment status is part-time or full-time, and how long you plan to attend school in each year.
Upon completing your degree program, Pell Grants generally do not need to be repaid.
FAFSA
To learn if you’re eligible for a Pell Grant, you need to complete a Free Application for Federal Student Aid (FAFSA®). The information on this application is used to determine your eligibility for the Pell Grant as well as other federal, state and school-provided financial aid.
You can submit the FAFSA as early as October 1 before the academic year for which you’re applying for aid. The deadline to submit your FAFSA for the 2022-2023 school year is June 30, 2023. Some aid is awarded on a first-come-first-served basis, so it can behoove you to fill out your FAFSA earlier rather than later.
Recommended: Pell Grant vs FAFSA: What Are the Differences?
Eligibility
The government determines whether an undergraduate student meets the financial need requirement for a Pell Grant by evaluating the student’s Expected Family Contribution (EFC). This is an estimation of how much a student and their family can be expected to pay toward college and it is calculated using information provided on the FAFSA.
For the 2022-23 school year, the maximum EFC for Pell Grant eligibility is $6,206. Students who are at or below this threshold might be able to receive Pell Grant aid.
Students who have been incarcerated in a federal or state institution, or have an involuntatry civil commitment for a sexual offense are ineligible for Pell Grant aid.
How Many Pell Grants Can You Get?
You can apply for a Pell Grant for multiple academic years as long as you maintain your eligibility. As previously mentioned, students can receive the Pell Grant for up to 12 semesters or terms, or approximately six years.
How Lifetime Eligibility Works
Each award year is from July 1 of a calendar year to June 30 of the following year. In an award year, you can receive up to 100% of your eligible Pell Grant award; the Pell Grant lifetime limit that you can use is 600%.
In some situations, you might receive up to 150% of your Pell Grant aid (e.g. if you’re enrolled in fall, spring, and summer terms, full-time). Similarly, you might not always use 100% of your Pell Grant for an award year. This might come up if your enrollment dropped from full-time to part-time, for example.
Calculating Your Pell Grant Usage
To determine the Lifetime Eligibility Used (LEU) on your academic aid account, the Department of Education looks at how much Pell Grant funding you’ve received in a given award year compared to your total available award for that year to arrive at a use percentage.
It then adds your used Pell Grants for each award year to determine whether you’ve reached the lifetime limit for the grant program. If you’d like to track your own LEU percentage, log into your StudentAid.gov account and view the “My Aid” overview.
Alternatives to the Pell Grant
If you’ve reached your Pell Grant lifetime limit, or don’t qualify for the Pell Grant, but still need financial assistance for school, there are other options to consider.
Other Grants
Pell Grants are just one of a handful of grant programs offered by the federal government. The Department of Education also provides:
• Federal Supplemental Educational Opportunity Grants
• Iraq and Afghanistan Service Grants
• Teacher Education Assistance for College and Higher Education (TEACH) Grants
For the most part, grants don’t need to be repaid, except in certain circumstances. Additionally, non-federal grants are provided to students, based on need or merit. These grants are provided by some states and schools, as well as private organizations like nonprofits, businesses, community groups and professional associations.
Recommended: FAFSA Grants & Other Types of Financial Aid
Scholarships
Another financial aid option that you won’t have to repay after graduating are scholarships. Scholarships are earned on merit or are provided to students who are in financial need. They are often one-time awards that are given by similar entities as grants.
In some cases, there may even be unclaimed scholarships that students may be able to apply for in order to bolster the money they have to pay for college.
Recommended: The Differences Between Grants, Scholarships, and Loans
Work-Study
Participating in a federal Work-Study program allows students to earn income that can go toward college costs. Employers that participate in the program might be on campus or off campus, and jobs offer part-time hours.
Your school provides your payment, directly, unless you request otherwise. How much you can earn through the program depends on your financial need, your school’s available funding, and when you apply.
Eligibility for the program is determined by information provided on the student’s FAFSA.
Federal Student Loans
The FAFSA is also used to determine borrower eligibility for Federal Direct Loans. The Department of Education offers undergraduate students loans that are Direct Subsidized or Unsubsidized Loans. The government covers interest on subsidized loans while the borrower is enrolled in school and during qualifying periods of deferment. With an unsubsidized loan, borrowers are responsible for paying accrued interest.
Graduate students are able to borrow Direct Unsubsidized Loans and PLUS loans. PLUS Loans are also available to parents of dependent students.
Federal loans must be paid back with interest, but they offer low fixed interest rates. They also offer student borrowers invaluable benefits, like income-driven repayment plans and generous deferment and forbearance options.
Private Student Loans
Some students find that they still need additional funds for school, despite receiving federal financial aid. If you’ve exhausted your federal aid options and already applied to private scholarships and grants, this private student loan guide could help find options to get you the money you need.
A private student loan must be repaid, plus interest charges, and is provided by nonfederal lenders, like banks, online lenders, and other private institutions. Lenders require applicants to undergo a credit check which determines your eligibility, interest rate, and loan terms.
Borrowing requirements and offers often vary between lenders so always shop around to find a competitive rates and terms for undergraduate private student loans.
The Takeaway
Generally, if you maintain Pell Grant eligibility throughout your college career, you can receive a maximum Pell Grant lifetime limit of six years to receive aid. However, you might reach this limit in a shorter or longer time, depending on your level of enrollment each award year.
If you still need to fund the gap between your existing financial aid and your school’s certified cost of attendance, a SoFi private student loan can help. It’s an easy and fast way to finance your education and you can get pre-approved online in three minutes.
Find out what rates you qualify for in just a few minutes.
FAQ
Can you hit your Pell Grant lifetime limit early?
Yes, it’s possible to reach your Pell Grant lifetime limit before the typical six-year timeline if you take on additional academic terms during an award year. For example, if you enrolled in summer courses and received Pell Grant aid for that period.
Is the Pell Grant disbursed every semester or every year?
Your school will typically disburse Pell Grant awards in a minimum of two disbursements at scheduled intervals throughout the award year.
Is there an age limit for filling out FAFSA?
No, there is no age limit to submit a FAFSA. Some financial aid programs, like the Pell Grant, have restrictions on the academic status of aid recipients, such as whether they’re enrolled as an undergraduate or post baccalaureate student.
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SoFi Private Student Loans Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
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