A handful of closely followed mortgage rates grew over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both increased. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also increased.
As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve began bumping up its federal funds rate — a short term interest rate that determines what banks charge each other to borrow money. By making it more expensive to borrow, the central bank’s goal is to reduce prices by curtailing consumer spending.
During its July 26 meeting, the Fed initiated a 25-basis point (or 0.25%) hike to its federal funds rate, marking its 11th increase in the current rate hiking cycle. The most recent increase could have an impact on mortgage rates, but experts say the markets may have already factored it into rates.
Current mortgage rates for August 2023
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The Fed doesn’t set mortgage rates directly, but it does play an influential role. Mortgage rates move around on a daily basis in response to a range of economic factors, including inflation, employment and the broader outlook for the economy. A lower inflation rate is good news for mortgage rates, but the potential for additional hikes from the central bank this year will keep upward pressure on already high rates.
Rather than worrying about mortgage rates, though, homebuyers should focus on what they can control: getting the best rate they can for their financial situation.
30-year fixed-rate mortgages
For a 30-year, fixed-rate mortgage, the average rate you’ll pay is 7.39%, which is a growth of 5 basis points from one week ago. (A basis point is equivalent to 0.01%.) The most frequently used loan term is a 30-year fixed mortgage. A 30-year fixed mortgage will often have a higher interest rate than a 15-year fixed rate mortgage — but also a lower monthly payment. You won’t be able to pay off your house as quickly and you’ll pay more interest over time, but a 30-year fixed mortgage is a good option if you’re looking to minimize your monthly payment.
15-year fixed-rate mortgages
The average rate for a 15-year, fixed mortgage is 6.65%, which is an increase of 6 basis points from the same time last week. Compared to a 30-year fixed mortgage, a 15-year fixed mortgage with the same loan value and interest rate will have a larger monthly payment. But a 15-year loan will usually be the better deal, if you can afford the monthly payments. These include usually being able to get a lower interest rate, paying off your mortgage sooner, and paying less total interest in the long run.
“Mortgage rates have hovered in the 6% to 7% range for the past 10 months. Though home prices have softened slightly nationally, the still-high cost of borrowing means hopeful home buyers have felt little relief,” said Hannah Jones, economic research analyst at Realtor.com.
The Pilgrims landing at Plymouth Rock. The infamous Salem witch trials. The Boston Tea Party. New England fall foliage. Clam chowder. Harvard University. What do all these iconic places, things and events have in common? Massachusetts.
Living in this popular New England state, you’re living surrounded by the early history of the United States, from the first public library and the first Thanksgiving. You have access to world-class higher education at Massachusett’s many esteemed universities and colleges.
From fall foliage to breezy beaches, its landscapes capture that perfect mental picture of New England’s nature. It’s the home of Boston, one of the most popular cities on the East Coast. Also, you can’t beat the clam chowder and seafood.
Massachusetts also boasts a high median household income of $84,385. But, as one of the most desirable states to live in New England, the cost of living in Massachusetts often exceeds the national average. Boston, in particular, is very expensive. But other cities around the state are cheaper. Just because the cost of living is particularly high in one area doesn’t mean the entire state is unaffordable. The right place to live in Massachusetts depends on your budget and lifestyle. Here’s what you can expect in terms of the cost of living expenses around Massachusetts in 2022.
Massachusetts housing prices
Housing costs in Massachusetts are higher than the national average. This is true even of small cities located far from major metro areas. The average cost for an apartment or rental in small towns and cities around the state is higher than in other similarly-sized towns elsewhere. Rates are generally still manageable, though. Especially if you’re living in a small- or mid-sized college town, you won’t lack roommate options. But, in some cities, the cost of living in Montana for housing is scarily high.
This is what you can expect to pay for housing in two different Massachusetts cities. One is at the extreme western edge of the state, with a population of around 42,500. The closest big cities are Springfield and Albany, both roughly an hour away. The other city is at the complete opposite end of the state. It’s the most populous city in the state and a major, influential East Coast urban center.
Boston
You must really like baked beans and the Red Socks to put up with the cost of housing in Boston, which is 120.9 percent higher than the national average. This puts it up there among the most expensive places to live in the United States.
You can expect to pay around $3,887 for a one-bedroom apartment in the city. A two-bedroom apartment kicks things up significantly to $4,982. These prices are up 9 and 10 percent, respectively, from the previous year.
Home prices here exceed the statewide median sales price. Buying a home in Boston has a median sale price of $780,000, which is 3.6 percent higher than last year.
Pittsfield
Housing costs in the charming, peaceful city of Pittsfield in western Massachusetts are 12.5 percent higher than the national average. Prices are also on the rise. The average rent for a one-bedroom apartment is $1,250 per month, which is up 14 percent from last year. The cost for a two-bedroom has climbed even more. Jumping 57 percent from last year, the average two-bedroom apartment around town will set you back $1,450.
The cost of buying a home here is also rising. Up 37.2 percent from last year, the median sales price for a house around Pittsfield is $269,500. However, since the median home sale price around the state is $560,000, Pittsfield prices are a steal.
Food prices
People in Massachusetts love food. It’s no surprise why. Boston is a bonafide foodie destination thanks to its namesake baked beans and cream. The lengthy Massachusetts coastline serves up all kinds of fresh and delicious seafood like clams and lobsters.
Massachusetts is among the top five states for most expensive average grocery costs. Massachusetts residents shell out between $3,601 to $4,000 a year per person for food. So, consequently, the cost of living in Montana for food is higher than the national average.
Boston comes in first place for the highest food costs in the state. Pittsfield ranks a more reasonable amount above the national average:
Boston is 16 percent above the national average
Pittsfield is 7.3 percent above the national average
Doing a line-by-line comparison of food costs in the two cities reveals that most staple food items have fairly similar costs. Picking up a half-gallon of milk in Boston costs $2.76. Pittsfield is slightly cheaper at $2.52. A dozen eggs cost almost exactly the same at $2.22 in Boston and $2.23 in Pittsfield. Steak lovers will prefer Pittsfield over Boston when it comes to steak prices. You’ll be paying $17.92 for steak in the City on a Hill, but a more affordable $11.68 on Pittsfield.
Since Boston is such a big food town, expect to pay more for dining out, as well. Going out to a three-course meal at a nice restaurant for date night costs $82.50 compared to $69.50 in Pittsfield. You’ll pay the same for a casual meal out in both cities at $20.
Utility prices
Electricity, internet and water are the biggest slices of the utility pie. Massachusetts gets its energy and electricity from a mix of renewable and non-renewable energy sources. These include hydropower, coal and nuclear. Natural gas is the biggest supplier.
Utilities are the one area where Pittsfield or Boston dip below the national average for cost of living:
Pittsfield is 5.1 percent below the national average
Boston is 23.5 percent above the national average
Similar to its other cost of living categories, Boston residents pay more for utilities. Total energy costs for the month total around $250.47. But in Pittsfield, you’ll be paying around $161.38. But, in a twist, the internet is more expensive in Pittsfield than in Boston. Paying for 60 megabits per second in Pittsfield costs $104.33. But, in Boston, you’ll only pay around $62.40. That’s a difference of 67 percent.
Transportation prices
From buses to subway to ferry routes, there are tons of different ways to get around Massachusetts’ cities and towns. Not only does it save on gas, parking and other car-related expenses, but you can watch charming college towns or scenic bays glide by. Big cities like Boston have huge transit providers, and Massachusetts also has a robust regional transit system. Fifteen different agencies provide regional public transportation in smaller cities and towns around the state.
However, the cost of living in Massachusetts for transportation in all these cities is higher than the national average. So, while you save money on your car, you’ll be pay more for transportation than the average American:
Boston is 21.1 percent above the national average
Pittsfield is 23.2 percent above the national average
The cost of transportation in Pittsfield and Boston is pretty close. But Pittsfield beats Boston slightly for transportation prices. Here’s what you can expect to pay to ride local transit in these two cities.
Berkshire Regional Transit Authority in Pittsfield
This bus-only agency provides public transportation to the residents of Pittsfield and surrounding Greater Berkshire County. It operates 14 fixed bus routes, as well as paratransit services.
A single ride within the local network costs $1.75 if you pay in cash. Paying with a Charlie Card knocks off 20 cents, bringing it down to $1.55. A 30-day pass costs $52. For systemwide access, fares start at $4 with the Charlie Card and a 30-day pass is $140.
Public transportation around Pittsfield has a low transit score of 30. If you don’t want to take the bus or your car, there are other ways to get around town. As a safe, close-knit community, it’s easy to navigate town on foot. This is especially true of the downtown area and family-friendly neighborhoods. Pittsfield scores a high 70 for walking. But, it’s not so bike-friendly, ranking only 48 on the bike score.
Massachusetts Bay Transportation Authority in Boston
Boston gets its public transportation from the MBTA. Locals call it the “T”. Their fleet and services consist of bus routes, subway, rail and water ferry routes. Their service extends beyond the city of Boston to the Greater Boston metro area. It has 177 bus lines, three ferry routes and four subway lines accessing 128 stops.
MBTA fares vary depending on what type of service you’re using. A one-way adult ticket on the subway costs $2.40 with cash or Charlie Card. A single bus fare is $1.70. For the commuter rail and ferry, fares encompass a range based on the route or distance traveled. A one-way ferry ride costs between $3.70 and $9.75. On the commuter rail, you pay between $2.40 and $13.25 depending on how far you travel.
Passes similarly vary. A subway and bus day pass is $12.75. A monthly LinkPass for the two costs $90 with unlimited travel. Commuter rail monthly passes are as low as $90 and as high as $426. You’ll pay between $90 and $329 for a monthly ferry pass. Since monthly parking passes around Boston average $300, you need to decide for yourself if using public transit offers enough savings or convenience. If you choose to drive, you’ll have to pay tolls on the Massachusetts Turnpike. Toll rates depend on the length of time you’re using the toll road to use one of the harbor tunnels or go out to Logan Airport. Rates start at around $1.75 for two-axle vehicles.
With such diverse public transportation options, it’s no surprise Boston has a high transit score of 80. Its dense urban center and vibrant neighborhoods are why Boston also has very high walk and bike scores. This ultra-pedestrian-friendly city boasts a stellar 89 walk score and 77 bike score.
Healthcare prices
Similar to many other costs of living categories, the cost of living for healthcare around Massachusetts is higher than the national average. But that number is extremely subjective. Health, and therefore, healthcare costs can vary widely by person, even within the same city. Some people have to pay more for prescriptions, higher insurance premiums, out-of-pocket costs for check-ups and more. This is why it’s so difficult to find the average healthcare cost of an area and you should take any statistics or figures with a grain of salt. Here’s how these two Massachusetts cities stack up to the national average:
Pittsfield is 15.1 percent above the national average
Boston is 17 percent above the national average
That being said, Massachusetts has it pretty good healthcare-wise. The state is consistently ranked as being one of the healthiest nationwide, as well as having the best healthcare. It’s home to renowned hospitals like the Boston Children’s Hospital and Massachusetts General Hospital. Since Massachusetts is famous for its top universities, it also has many top-tier medical schools and leading research facilities. With universities around the state producing world-class doctors, nurses and healthcare professionals, naturally state hospitals staff the best.
Even for such a healthy state, it’s important to still go to see your doctors at least once a year. Out-of-pocket costs for a doctor visit cost roughly the same in both cities at $182.50 in Boston and $185 in Pittsfield. Going to the dentist in Boston is slightly pricier at $131.50 compared to Pittsfield’s $117. Even with higher costs above the national average, you’re still paying for the best in healthcare.
Goods and services prices
Spilled some baked beans on your shirt and need to take it to the dry cleaners? Going to get your hair cut before a sunny afternoon out in Pittsfield? These various services and items fall under the category of miscellaneous goods and services. While these may seem like small expenditures, they can add up fast. This is especially true in big cities like Boston. That’s why you need to consider how expensive these items and services are in a particular state. The average cost of living for goods and services in Massachusetts cities is above the national average:
Pittsfield is 8.2 percent above the national average
Boston is 19.9 percent above the national average
Just because one city has the highest overall rates doesn’t mean all services are more expensive. For that dry-cleaning run, you’ll actually be paying more in Pittsfield. It costs $23 to go to the dry cleaners there, but $16 in Boston. In Boston, it’s better to let your hair grow longer than pay $43.33 for a cut. Or, drive over to Pittsfield and get it done for half at $23.
Taxes in Massachusetts
Since you’ll also be paying taxes on those goods, services, food and other essentials, it’s important to know how much is going to tax. Massachusetts has a statewide sales tax rate of 6.25 percent. To put that into perspective, when you spend $1,000 on Red Sox tickets, you’ll pay an extra $62.50 for taxes.
But that’s all you’ll be paying in tax. Massachusetts doesn’t have any city or county sales taxes to add to the statewide rate. That means that:
Pittsfield has a combined tax rate of 6.25 percent
Boston has a combined tax rate of 6.25 percent
The other tax you need to consider is the income tax. A certain amount will come out of each paycheck, which impacts your monthly budget. In Massachusetts, income tax is a flat 5 percent. Massachusetts used to have high enough taxes that it earned the nickname Taxachusetts. But, they’ve cut taxes significantly to bring the rate down.
How much do I need to earn to live in Massachusetts?
Now the crucial question: Is life in Massachusetts within your means? Experts recommend not spending more than 30 percent of your gross monthly income on rent. The cost of living for housing in Massachusetts is generally the biggest slice of the monthly budget pie. You need enough left over for groceries, savings and other essentials and incidentals.
Considering the 30 percent rule, you’d need to make around $104,592 a year to afford Massachusetts’ average rental rate of $2,615 for a one-bedroom apartment. That comes out to roughly $8,719 per month in income. Since the median household income in the state is $84,385, showing that housing is priced out of the average person’s reach.
Cities like Boston are already getting prohibitively expensive. But, you may have more luck in smaller cities and towns.
Use our rent calculator to see if you can live comfortably in Massachusetts based on factors like monthly pre-tax income and expenses.
Living in Massachusetts
Massachusetts is not the cheapest state, and the cost of living is going up in many areas. Housing, in particular, is being hit hard. But living here has plenty of other benefits like fun cities, great access to the outdoors and all those great Boston foods. If you can comfortably afford the rising cost of living in Massachusetts, you, too can spend summers out on Cape Cod and study at world-class universities.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of July 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Prepare yourself to explore the charming small towns of Kentucky, where a tapestry of rich history, welcoming communities, and one-of-a-kind experiences seamlessly intertwine. Spanning from historic districts to natural wonders, each town boasts a distinct character just waiting to be uncovered. Delve further to reveal the allure of thirteen of Kentucky’s small towns, coupled with insightful glimpses into their unique qualities.
1. Grayson, KY
Median sale price: $165,000
Walk Score: 69
Living in Grayson is a tranquil small-town experience with close-knit community bonds. Residents can enjoy picturesque landscapes and a slower pace of life, often participating in local events like the Grayson Memory Days festival. The town’s warm hospitality and relaxed ambiance create a welcoming environment for families and individuals seeking a peaceful lifestyle.
Homes for sale in Grayson, KY
Apartments for rent in Grayson, KY
2. Stanford, KY
Median sale price: $200,000
Walk Score: 48
Stanford invites you to embrace its small-town charm and unique offerings. The town’s historic district showcases its well-preserved architecture and local shops. Wander through the local parks and green spaces that offer tranquility and recreational opportunities. Whether you’re strolling through historic streets or participating in town celebrations, Stanford captures the essence of Kentucky’s welcoming spirit.
Homes for sale in Stanford, KY
Apartments for rent in Stanford, KY
3. Elkton, KY
Median sale price: $167,500
Walk Score: 39
The local parks and green spaces like the Elkton-Todd County Park provide Elkton residents the opportunity for relaxation and outdoor enjoyment. Elkton’s commitment to its community is reflected in events like the Todd County Fair. So whether you’re enjoying serene retreats or engaging in town traditions, Elkton is the perfect place to check out.
Homes for sale in Elkton, KY
Apartments for rent in Elkton, KY
4. Midway, KY
Median sale price: $557,500
Walk Score: 58
Moving to Midway means you’ll be surrounded by district features of architecture, local boutiques, and art galleries. Midway also has a great sense of community that is celebrated through events like the Midway Fall Festival. Residents also have the chance to relax at one of the many green spaces provided.
Homes for sale in Midway, KY
Apartments for rent in Midway, KY
5. Jackson, KY
Median sale price: $230,000
Walk Score: 53
Jackson welcomes you to experience its scenic beauty and warm community spirit. The town’s connection to nature is reflected in its parks and outdoor spaces, offering opportunities for picnics, hiking, and outdoor recreation. Discover the local shops and markets that showcase the town’s unique character.
Homes for sale in Jackson, KY
Apartments for rent in Jackson, KY
6. Ledbetter, KY
Median sale price: $78,500
Walk Score: 12
Residing in Ledbetter provides a picturesque experience surrounded by the beauty of nature, as the town is nestled near the scenic shores of the Ohio River. Life here revolves around outdoor activities such as fishing and boating, with the Ledbetter Park being a popular spot for family picnics and gatherings. The community’s strong spirit is evident in events like the Riverfest Celebration, where locals come together for live music, delicious barbecue, and a strong sense of camaraderie along the riverbanks.
Homes for sale in Ledbetter, KY
Apartments for rent in Ledbetter, KY
7. Sturgis, KY
Median sale price: $85,000
Walk Score: 52
Living in Sturgis, KY offers a glimpse into quintessential Southern living, where tradition and community thrive. The annual Sturgis Fair captures the town’s lively spirit, featuring rodeo events, carnival rides, and a showcase of local crafts.
Homes for sale in Sturgis, KY
Apartments for rent in Sturgis, KY
8. Verona, KY
Median sale price: $519,950
Walk Score: 23
Settling in Verona presents a tranquil suburban experience, blending modern comforts with a hint of rural tranquility. Residents enjoy the proximity to the sprawling Verona Vineyards, where leisurely wine tastings and scenic views provide a relaxing escape. The tight community bonds are evident during the annual Verona Day festival, filled with local vendors, live music, and a strong sense of togetherness.
Homes for sale in Verona, KY
Apartments for rent in Verona, KY
9. Plano, KY
Median sale price: $269,900
Walk Score: 12
Plano beckons you to discover its small-town allure and local highlights. The town’s sense of unity is celebrated through local events and gatherings that bring residents together. Explore the local parks and green spaces that provide opportunities for relaxation and outdoor activities. Plano’s connection to its community is reflected in events like the Plano Days Festival.
Homes for sale in Plano, KY
Apartments for rent in Plano, KY
10. Clinton, KY
Median sale price: $151,500
Walk Score: 38
Discover the local parks and green spaces in Clinton that offer opportunities for relaxation and outdoor enjoyment. With easy access to the scenic Kentucky Lake, residents often indulge in boating, fishing, and lakeside picnics. Clinton’s sense of unity shines through events like the Hickman County Heritage Days, where residents can learn about the town’s past.
Homes for sale in Clinton, KY
Apartments for rent in Clinton, KY
11. Augusta, KY
Median sale price: $275,000
Walk Score: 52
Augusta welcomes you to experience its small-town charm and rich heritage. The town’s historic district features well-preserved architecture and local shops. Augusta’s sense of community is reflected in events like the Augusta Art Festival. Whether you’re strolling through historic streets or participating in town celebrations, Augusta captures Kentucky’s charm.
Homes for sale in Augusta, KY
Apartments for rent in Augusta, KY
12. Stearns, KY
Median sale price: $178,000
Walk Score: 15
The town’s connection to nature is evident in its outdoor spaces, offering opportunities for hiking, camping, and outdoor exploration. Discover the local shops and markets that showcase character in Stearns. Stearns’ sense of unity is celebrated through attractions like the Big South Fork Scenic Railroad celebrating the town’s past. Whether you’re exploring the great outdoors or participating in town festivities, Stearns captures the essence of Kentucky’s natural beauty.
Homes for sale in Stearns, KY
Apartments for rent in Stearns, KY
13. Greenup, KY
Median sale price: $142,500
Walk Score: 36
Greenup invites you to explore its warm community atmosphere and local treasures. The town’s sense of unity is evident in local events and gatherings that bring residents together. Nature enthusiasts can explore the lush Greenbo Lake State Resort Park, while history buffs can immerse themselves in the fascinating tales at the Greenup County Museum.
Homes for sale in Greenup, KY
Apartments for rent in Greenup, KY
Wrapping up small towns in Kentucky
From historic districts to natural retreats, each small town in Kentucky invites you to immerse yourself in its local charm and celebrate the warmth of community spirit. Whether you’re drawn to historic architecture, outdoor leisure, or engaging events, Kentucky’s small towns offer a rich variety of experiences waiting to be explored.
Step into the world of Iowa’s small towns, where rich history, picturesque landscapes, and warm communities create an inviting tapestry of experiences. From outdoor adventures to local heritage, each town boasts its own unique character. Join us as we embark on a journey to explore the allure of 11 small towns in Iowa.
1. West Point, IA
Median sale price: $102,000
Walk Score: 36
West Point invites you to embrace its small-town ambiance and local offerings. The town’s connection to history is reflected in landmarks like the Santa Fe Depot Museum. Explore the local parks and green spaces, offering a serene escape from daily life. Whether you’re uncovering historical gems or participating in town celebrations, West Point captures the essence of Iowa’s welcoming spirit.
Homes for sale in West Point, IA
Apartments for rent in West Point, IA
2. Wayland, IA
Median sale price: $160,000
Walk Score: 28
Living in Wayland is a rural landscape that is perfect for outdoor enthusiasts, offering opportunities for hiking, birdwatching, and peaceful contemplation. Discover the Crooked Creek Park, which provides a natural retreat for residents and visitors alike. Wayland’s sense of community is celebrated through local gatherings and events.
Homes for sale in Wayland, IA
Apartments for rent in Wayland, IA
3. Danville, IA
Median sale price: $195,400
Walk Score: 17
Nestled amidst rolling hills and sprawling farmlands, living in Danville, means waking up to serene sunrises and enjoying leisurely strolls along the scenic trails of Geode State Park. The small town of Danville has a historic district, featuring charming architecture and local shops. Explore local parks and green spaces that offer recreational opportunities.
Homes for sale in Danville, IA
Apartments for rent in Danville, IA
4. Underwood, IA
Median sale price: $267,500
Walk Score: 11
The town’s scenic beauty is showcased in its parks and outdoor spaces, offering opportunities for picnics, nature walks, and outdoor play. Discover the Underwood community events that foster a strong sense of togetherness. Whether you’re enjoying nature’s tranquility or participating in town celebrations, Underwood captures the essence of Iowa’s peaceful charm.
Homes for sale in Underwood, IA
Apartments for rent in Underwood, IA
5. Maxwell, IA
Median sale price: $157,000
Walk Score: 38
Residing in Maxwell, IA offers a serene escape from the hustle and bustle of city life. The town’s community spirit shines through its local events and gatherings, fostering a sense of unity. The town’s proximity to the scenic Skunk River allows for leisurely outdoor activities like fishing and hiking.
Homes for sale in Maxwell, IA
Apartments for rent in Maxwell, IA
6. Armstrong, IA
Median sale price: $212,500
Walk Score: 23
Living in Armstrong presents a quintessential small-town experience. The town’s tight-knit community fosters strong relationships, where locals share a genuine sense of belonging. The picturesque landscape and nearby Five Island Lake offer opportunities for outdoor adventures like boating, fishing, and hiking.
Homes for sale in Armstrong, IA
Apartments for rent in Armstrong, IA
7. Victor, IA
Median sale price: $144,000
Walk Score: 33
Victor invites you to explore its peaceful surroundings and welcoming atmosphere. Discover the local parks and outdoor spaces that offer opportunities for relaxation and leisure activities. Victor’s sense of community shines through events like the Victor Fun Days, where there will be crafts, live music, amazing food and more. Whether you’re enjoying quiet retreats or participating in town celebrations, Victor captures the essence of Iowa’s serene charm.
Homes for sale in Victor, IA
Apartments for rent in Victor, IA
8. Redfield, IA
Median sale price: $178,000
Walk Score: 21
Known for its welcoming demeanor, Redfield offers a quiet and peaceful lifestyle with strong ties among its residents. The town’s proximity to the Raccoon River Valley Trail invites outdoor enthusiasts to enjoy biking and hiking adventures. Redfield beckons you to discover its small-town warmth. The town’s sense of unity is reflected in local events and festivities that bring residents together.
Homes for sale in Redfield, IA
Apartments for rent in Redfield, IA
9. Colo, IA
Median sale price: $185,000
Walk Score: 25
Surrounded by picturesque farmlands, Colo offers a tranquil and peaceful environment. The town’s sense of unity is celebrated through local events and gatherings that foster a strong sense of community. Colo’s commitment to its residents is evident in events like the Colo Crossroads Festival. Living in Colo means embracing the simplicity of rural life while cherishing the connections forged within the town’s friendly and supportive community.
Homes for sale in Colo, IA
Apartments for rent in Colo, IA
10. Long Grove, IA
Median sale price: $593,960
Walk Score: 25
Long Grove invites you to explore its unique charm and local treasures. Known for its historic architecture and scenic landscapes, the town exudes a tranquil ambiance. The annual Long Grove Strawberry Festival is a highlight, bringing the community together to celebrate local traditions and flavors. Living here means relishing in the beauty of the countryside, preserving the town’s historical character, and cherishing a strong sense of community identity.
Homes for sale in Long Grove, IA
Apartments for rent in Long Grove, IA
11. Sully, IA
Median sale price: $136,000
Walk Score: 34
Sully’s connection to its residents is celebrated through local events and gatherings that bring neighbors together. Explore the local parks and green spaces that offer opportunities for relaxation and outdoor enjoyment. Sully’s commitment to its community is evident in events like the Sully Freedom Fun Run/Walk.
Homes for sale in Sully, IA
Apartments for rent in Sully, IA
Wrapping up small towns in Iowa
From historic districts to outdoor retreats, each town invites you to immerse yourself in its local charm and celebrate the warmth of community spirit. Whether you’re drawn to historic streets, natural beauty, or engaging gatherings, Iowa’s small towns offer a rich tapestry of experiences waiting to be explored.
The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut this year, down from 53 a year ago.
The self-reported list ranks U.S. based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The minimum revenues required are $100,000 for 2019 and $2 million for 2022.
The fastest-growing housing tech firm in 2023 was OptiFunder, which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%. It was ranked the 98th-fastest growing private company in America in 2023.
Transactly, a real estate transaction platform that provides automation, integrations and tech-enabled services that significantly reduce process time, placed 126th in 2023. Another Missouri-based company, Transactly had a three-year growth rate of 3,852%.
Also appearing in the top 200 list was CertifID, an Austin, Texas-based company that makes software to cut down on wire fraud in the real estate industry. The company, led by Tyler Adams, raised $12.5 million in a Series A funding round in 2022.
Interestingly, none of the top three companies on the 2023 list made the cut in 2022. But several well-established housing tech companies made consecutive appearances in this year’s Inc. 5000 edition.
Homelight, a platform for homebuyers and sellers, was No. 403 in this year’s ranking with a 1,444% three-year growth rate. The company was ranked 351 last year.
LoanStar Technologies, which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The company was No. 469 in this year’s ranking, up from 958 last year. Its three-year growth rate was 1,241%.
Mortgage origination platform Maxwell, which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 658 in the 2023 Inc. 5000 list.
Other established names to make the Inc. 5000 list in 2023 include home equity investment firm Point; co-living platform PadSplit; one-time unicorn Orchard, which operates a digital home buying and selling marketplace and was a 2023 HW Tech 100 award winner; single-family investment property marketplace Roofstock; RentSpree, a rental software platform that connects real estate agents, owners and renters; Curbio, one of leading tech-enabled pay-at-closing home improvement solutions; EasyKnock, a real estate firm that offers homeowners a way to access their home’s equity using a sale-leaseback program; and New Western, a marketplace that serves over 150,000 real estate investors across the country.
Two companies on the list have been on the Inc. 5000 list an impressive five times: Total Expert, which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose, a tech solution provider for HELOC and home equity lenders.
Here’s the complete list of tech firms:
Rank
Company
Growth (3-yr Avg.)
Year Founded
Description
98
OptiFunder
4,767%
2018
Finance company helping independent mortgage lenders choose among funding options and streamline the process.
126
Transactly
3,852%
2017
Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time.
193
CertifID
2,807%
2017
A company dedicated to fighting wire fraud for the real estate industry.
403
Homelight
1,444%
2012
Providing a platform that helps deliver better outcomes for homebuyers and sellers.
469
LoanStar Technologies
1,241%
2016
Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked.
487
LiveEasy
1,204%
2013
Real estate software company changing the way people manage their move and their homes.
497
BOSSCAT
1,175%
2018
Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals.
510
PadSplit
1,152%
2017
Creator of a co-living market platform enabling workers to live in the communities they serve.
533
ReBuilt
1,096%
2015
Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals.
545
BatchService
1,081%
2018
A real estate data and SaaS provider using real-time intelligence to help businesses identify opportunities.
658
Maxwell
890%
2015
Digitizes the mortgage-origination process for small to midsize banks, credit unions, and independent mortgage lenders.
678
TriusLending
869%
2003
A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans.
744
Point
791%
2015
Home equity investment firm that has enabled more than 10,000 homeowners to unlock their home’s equity without additional monthly expenses.
769
InstaLend
766%
2015
A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow.
933
Coviance
630%
2015
Cloud-based financial firm enabling lenders to scale home equity loans and deliver a clear to close for borrowers in hours.
984
Orchard
602%
2017
Making home buying and selling stress-free, fair and simple with a focus on helping homeowners unlock their equity.
992
RentSpree
598%
2016
Rental software platform that connects real estate agents, owners and renters to simplify the rental process from listing to lease.
997
American Mortgage Mortgage
594%
2019
A 100% employee-owned company providing solutions to mortgage industry challenges, which benefit clients and employees.
1,032
Realync
575%
2013
A real estate video engagement platform unlocking authentic experiences that connect and convert across the prospective renter and resident lifecycle.
1,068
Fund That Flip
555%
2014
An end-to-end real estate investing solution for serious, experienced investors, including Saas products and financing for residential redevelopers and builders.
1,375
Roofstock
425%
2015
End-to-end investing platform for the single-family rental home sector providing integrated, data-driven technology and curated investment recommendations for investors.
1,403
SavvyMoney
417%
2009
A leading provider of credit score solutions, serving over 1000 financial institutions by combining real-time data with digital personalization tools.
1,467
Curbio
393%
2017
Helping real estate agents prepare homes before they go to market so they sell quickly and for the best price.
1,486
Yoreevo
386%
2017
Offering streamlined, stress-free home shopping by providing a technology-driven approach executing transactions more efficiently and saving customers money.
1,522
MIOYM
377%
2008
Real estate firm that identifies and rehabilitates distressed single-family residential properties, later selling them to first-time home buyers nationwide.
1,532
EasyKnock
375%
2016
Real estate firm offering homeowners an innovative way to access their home’s equity using a sale-leaseback program.
1,588
Leverage Companies
358%
2019
Real estate investment firm that uses a proprietary, data-driven platform to source premium opportunities for investors.
1,943
EmpowerHome
289%
2006
A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties.
1,971
Mobility Market Intelligence
285%
2010
A market leader in data intelligence and market insight tools for the mortgage and real estate industries.
1,985
Keeping Current Matters
282%
2007
Helps real estate agents save time and build confidence with easy-to-deliver marketing content powered by the latest market insights.
2,669
LodeStar Software Solutions
197%
2013
Firm offering software that saves mortgage lenders and professionals time and money by automating their closing cost disclosure.
2,824
MoxiWorks
189%
2012
Firm offering cloud-based, real-estate-productivity technology helping brokerages and agents thrive in the residential real-estate space.
2,936
Lender Toolkit
179%
2015
Provider of automated, innovative and comprehensive AI-powered mortgage technology solutions that streamline the mortgage origination process for mortgage lenders.
3,370
Total Expert
149%
2012
CRM and data-driven customer engagement solutions for financial institutions, turning customer insights into actions to increase loyalty and drive growth.
4,105
FirstCloseFirstclose.
110%
2000
Technology solution provider for HELOC and home equity lenders nationwide, helping lenders increase profitability and reduce cost.
4,196
NewWestern
106%
2008
Real estate marketplace that connects more than 100,000 local investors looking to rehab houses with sellers.
4,423
Down Payment Resource
96%
2008
A technology provider helping the housing industry connect homebuyers with homebuyer assistance, to make affordable home financing opportunities more accessible.
Source: Inc. 5000 – 2023
Additionally, two appraisal firms were named to the Inc. 5000 list in 2023: Kairos Appraisal Services, a national appraisal management company implementing technology to expedite the appraisal process through data, geocoding, scheduling and interactive communication tools. Kairos was No. 1,283 on the Inc. 5000 list with a three-year growth rate of 457%. Miami-based Marketwise Valuation Services, another AMC, was No. 2,629 overall with a three-year growth rate of 205%.
Rank
Company
Growth (3-yr Avg.)
Year Founded
Description
1,283
Kairos Appraisal Services
457%
2015
National appraisal management company implementing innovative technology to expedite the appraisal process through data, geocoding, scheduling and interactive communication tools.
2,629
Marketwise Evaluation Services
205%
2017
Appraisal management company for the lending industry, dedicated to providing the highest quality appraisal management services and property condition inspections.
If you use your credit card for everything, from paying bills to ordering takeout to booking trips, you put yourself at risk for fraudsters to steal your credit card information.
One way to protect your sensitive information is to put a freeze on your credit report. A credit freeze provides you with an extra layer of security because it prevents anyone from running a hard inquiry on your report or potentially opening a new line of credit without your permission.
But at some point you might want to open a new credit card or apply for a loan. So how do you unlock a credit freeze? In this guide, you’ll learn all about how to unfreeze credit.
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What Does it Mean to Unfreeze Credit?
When you freeze your credit report, you can’t open a new line of credit, whether that’s a credit card, mortgage, auto loan, or something else. At the same time, no one can run a hard inquiry on your credit report — so lenders, landlords, even potential employers can’t access it. While there are limits on who can legally look at your credit report, a credit freeze can provide peace of mind that no one can open an account in your name.
When you unfreeze your credit, it’s like you’re turning back on the credit report. Once your credit is unfrozen, you can once again open a new line of credit, and lenders can run a hard pull on your report.
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How a Credit Freeze Works
Also known as a security freeze, a credit freeze restricts access to your credit file. Credit freezes don’t happen automatically. You have to reach out to each of the three credit bureaus — Experian, Equifax and TransUnion — to ask for a credit freeze. Thanks to the Fair Credit Reporting Act, if you request a credit freeze over the phone or online, the credit bureaus are required to freeze your report within 24 hours. If you send the request via mail, they have up to three business days.
When you make a credit freeze request, each bureau will give you a PIN (personal identification number) or password that you need when you decide to lift the freeze.
A credit freeze is often confused with a credit lock, but they’re two separate things. A credit lock is a service you sign up for, and there’s usually a subscription fee. It’s similar to a credit freeze as you block access from most lenders. However, you can freeze or unfreeze it at any time on your phone or computer, and you don’t have to wait for it to go into effect.
A credit freeze is free, and you have to go through the credit bureaus to thaw your credit, and it takes about an hour to go into effect.
Types of Credit Freeze Lifts
At some point you may think about unlocking your credit freeze. When the time comes, there are two main types of credit freeze lifts:
Temporary lift
A temporary lift will unfreeze your credit report for a designated time period. You can choose how long you’d like your credit to be thawed, but it’s typically anywhere from one to 30 days.
You can thaw your credit freeze temporarily to apply for new credit, take out a loan, or apply to rent an apartment. But once you’re done with that financial task, the freeze restarts.
Permanent lift
A permanent lift will thaw your credit freeze for an indefinite amount of time. You might want to go this route if you don’t want to go through the steps of freezing and unfreezing your credit and find that the trouble isn’t worth the benefits.
Recommended: How to Read and Understand Your Credit Report
Ways to Unfreeze Credit Using Bureaus
How do you unfreeze your credit? You just need to contact each of the credit bureaus. You can do it in one of three ways:
• Phone: If you request a lift by phone, the credit bureaus are required to thaw your credit within an hour.
• Online: If you make the request online, your credit freeze will also be lifted within the hour.
• Mail: You can also request a credit thaw by mail. If you go this route, expect the lift to happen within three business days.
Recommended: How to Dispute a Credit Report and Win Your Case
When You Should Unfreeze Your Credit
Generally, you need to unfreeze your credit anytime someone needs to review your credit report, like if you’re opening a new line of credit or applying for a loan. Some common scenarios of when you’ll need to unfreeze your credit:
• Applying for a credit card
• Applying for a mortgage, personal loan, or car loan
• Applying for a line of credit
• Hunting for an apartment
Recommended: Common Credit Report Errors and How to Dispute Them
Credit Freeze vs. Fraud Alert
If you’re at high risk for fraud, or you suspect you’ve been a victim of a credit card scam, or you just want to take extra precautions, you can set up a fraud alert on your credit report. When you have a fraud alert in place, a lender or creditor needs to verify your identity before they can issue you a new line of credit or approve you for a loan.
To place a fraud alert, you only need to reach out to one of the three credit bureaus. By law, that credit bureau must let the other two credit bureaus know you placed a fraud alert. In turn, all three credit bureaus will place a fraud alert on your credit file.
Initial fraud alerts are free, and initial fraud alerts last one year. After one year, you can renew it. Extended fraud alerts last for seven years, but they are for victims of identity theft, and you must submit a police report to qualify.
A credit freeze, on the other hand, blocks any party, including lenders and creditors, from accessing your credit. You need to place a credit freeze separately with each of the three credit bureaus, which lasts indefinitely. They can only be lifted when you make a request.
💡 Quick Tip: On-time payments are key to building your credit score. To ensure that you make your payments in time, consider setting up automatic payments or set a calendar reminder of your due date.
The Takeaway
Unfreezing your credit report is relatively simple, and it’s easy to set up a temporary lift should you decide you want to apply for a new credit card or personal loan. There are a few different ways you can go about thawing your credit as needed, and the credit bureaus have to unfreeze your credit within an hour of you making the request by phone or online.
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The SoFi Credit Card offers unlimited 2% cash back on all eligible purchases. There are no spending categories or reward caps to worry about.1
Take advantage of this offer by applying for a SoFi credit card today.
FAQ
Can I unfreeze my credit?
You can unfreeze your credit anytime by going through each of the three credit bureaus — Experian, Equifax, and TransUnion — and requesting a lift on your credit freeze. You can ask for either a permanent or temporary lift. The thaw usually lasts anywhere from one to 30 days if it’s temporary.
Can you freeze your credit automatically?
Credit freezes don’t happen automatically. You will need to contact the three credit bureaus and make a proper request. You can do so online, by telephone, or via snail mail.
How soon can I unfreeze my credit after freezing?
You can unfreeze your credit as frequently as you like and request a credit lift as soon as you freeze it. If you made the request online or over the phone, it can take up to an hour to unfreeze your credit. If you send the request in the mail, it can take up to three business days.
How long does it take to unfreeze your credit?
It depends on the credit bureau and how you made your request. If you requested your credit to unfreeze or “thaw” over the phone or email, the credit bureaus must lift it within an hour. If you made the request by mail, the credit bureaus must unfreeze your credit within three business days.
Can I still use my credit card after freezing my credit?
Freezing your credit doesn’t impact your ability to use your credit card. You can freely make purchases on your card, book trips, redeem your cash-back points, and so forth. But if you want to do something that requires a hard pull of your credit — apply for new credit, loan, or submit a rental application for an apartment — you’ll need to unfreeze first.
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Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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Step into the inviting realm of Massachusetts’ charming small towns, where timeless beauty, community warmth, and a rich history blend harmoniously. From scenic landscapes to cultural treasures, each town unfolds a unique narrative waiting to be explored. Join us as we embark on a journey to discover 7 beautiful small towns in Massachusetts.
1. Adams, MA
Median sale price: $162,000
Walk Score: 82
This town’s heritage is reflected in its historical sites and museums, offering glimpses into its past. Adams’ community thrives through local events that bring residents together in celebration. Whether you’re indulging in local cuisine, exploring cultural gems, or partaking in town gatherings, everyone can find something to love in Adams.
Homes for sale in Adams, MA
Apartments for rent in Adams, MA
2. Athol, MA
Median sale price: $360,000
Walk Score: 66
Athol opens its arms to those seeking a blend of nature and culture. The town’s natural beauty is mirrored in its outdoor spaces and recreational opportunities. Athol’s artistic soul is showcased through local galleries and creative workshops. If you’re wandering amidst natural wonders or immersing yourself in artistic expression, Athol offers a peaceful escape for all who live there.
Homes for sale in Athol, MA
Apartments for rent in Athol, MA
3. Lenox, MA
Median sale price: $700,000
Walk Score: 65
Lenox provides an elevated New England experience with a plethora of cultural attractions. You’ll often find locals at the renowned Tanglewood Music Center, enjoying outdoor concerts in the stunning Berkshire Hills. Looking for more to do? The historic Ventfort Hall provides a glimpse into Gilded Age opulence, while hiking trails in Kennedy Park offer opportunities to appreciate the region’s natural beauty.
Homes for sale in Lenox, MA
Apartments for rent in Lenox, MA
4. Hardwick, MA
Median sale price: $318,600
Walk Score: 25
Hardwick offers a quiet retreat where history and nature converge in harmony. Residents often explore the iconic Hardwick Common, a historic district with preserved colonial-era architecture. The Hardwick Winery provides a delightful spot for tastings and events, while the Quabbin Reservoir invites outdoor enthusiasts for hiking and birdwatching.
Homes for sale in Hardwick, MA
Apartments for rent in Hardwick, MA
5. Dighton, MA
Median sale price: $551,000
Walk Score: 4
Dighton beckons with a rural charm that resonates with those who appreciate simplicity. The town’s scenic landscapes invite leisurely walks and opportunities for rural exploration. Dighton’s strong sense of community is upheld through local gatherings and shared appreciation for its surroundings.
Homes for sale in Dighton, MA
Apartments for rent in Dighton, MA
6. Marion, MA
Median sale price: $882,500
Walk Score: 13
Marion encourages you to savor coastal beauty and a maritime heritage. The town’s connection to the sea is mirrored in its waterfront activities and nautical charm. Marion’s spirit is celebrated through events that honor its seafaring traditions and bring neighbors together. The town’s artistic flair is showcased in local galleries and creative workshops.
Homes for sale in Marion, MA
Apartments for rent in Marion, MA
7. Essex, MA
Median sale price: $800,000
Walk Score: 54
With its seaside features, Essex provides a unique and enriching place to call home. Locals often enjoy exploring the Essex Shipbuilding Museum, delving into the town’s history of boat building. The stunning Crane Beach becomes a sanctuary for relaxation and outdoor activities during the summer months, while the annual Essex ClamFest celebrates the area’s culinary delights.
Homes for sale in Essex, MA
Apartments for rent in Essex, MA
Wrapping up small towns in Massachusetts
Massachusetts’ small towns offer a diverse array of experiences that celebrate nature, history, and community. Each town unveils its unique character through cultural offerings, natural beauty, and shared gatherings. Whether you’re drawn to cultural sophistication, serene landscapes, or coastal retreats, these small towns in Massachusetts are sure to delight.
With mortgage rates high compared to where they were just a couple years ago and more federal rate hikes on the horizon, homebuyers may be in a tough spot when it comes to affording a new home.
But that doesn’t mean that you should wait to buy your home if you find a house that fits your needs and budget. In fact, some experts believe there are some compelling reasons not to wait. If you’re shopping for a home today, you should know your options to determine the best path forward for your long-term financial future.
Learn about the best mortgage rates you can qualify for today here.
Why you shouldn’t wait for mortgage rates to drop
While it may seem like a good idea to wait for mortgage rates to drop before buying a home, many experts we’ve spoken to advise against doing so, even in today’s rate environment.
For one, it’s a common belief that you should secure the home that’s best for you — even if it’s not in the best rate environment. Plus, future lower rates could mean higher home prices than you’ll find even today.
“Buyers should focus on their need for housing and the availability of homes in their desired location,” David A. Krebs, a licensed mortgage broker at Dak Mortgage recently told CBS News. “If they find a house that suits their needs, they should not hesitate due to high-interest rates.”
There’s also the possibility that today’s mortgage rates represent a new normal rather than a short-term bump.
“If you look at the mortgage rate data going back to 1971, the average rate on a 30 year fixed rate mortgage is about 7.75%, which is roughly where we are today,” says Bill Nelson, CFP, founder of Pacesetter Planning.
“Borrowers are looking at current rates and viewing them as abnormally high and thus, expecting that they’re likely to fall in the next 5-10 years,” he says. “But the reality is that current rates are average and the rates over the past decade or so have been abnormally low.”
Find out mortgage rates currently available for you here now!
What you can do instead
Whether mortgage rates drop later this year or next — or they stay near today’s rates for the foreseeable future — it could be worth securing your ideal home if you find it today. There are a few things you can do to make sure you’re prepared, no matter what the future brings.
Refinance in the future
There’s always the possibility that rates will go down in the future, allowing you to save on your long-term payments with a refinance. Continue to monitor current rates and keep up with the rate environment after you lock in the mortgage on your new home.
While it’s not currently a good time to finance, “if you have received a new mortgage after 2021, I’d keep a close eye on mortgage rates to see when/if refinancing could make sense for you,” says Jake Northrup, CFP, founder of Experience Your Wealth.
Just make sure you watch out for closing costs and other details, like your new term, monthly payments and overall amount paid.
Choose an affordable loan now
Of course, predicting the future is impossible — and you shouldn’t rely on any financial unknown when it comes to a commitment as big as a mortgage.
“If the opportunity presents itself to refinance down the road, by all means take advantage of it as long as you will continue to stay in the home for long enough to recoup the closing costs,” Nelson says.
He also warns against relying on this strategy, though. “But, do not count on refinancing just because you are used to seeing rates be lower than they are today.”
Nelson has a practical approach. He recommends securing a fixed rate mortgage with a payment you can afford based on current rates. You can make sure you get the best possible rate by applying with a great credit score and shopping around with different lenders to secure the best terms possible.
Start now by comparing mortgage rates you can qualify for today.
The bottom line
While mortgage rates could go down in the future, it’s also possible that today’s 6%-7% APRs are here to stay. If you’re in the market for a new home, experts typically recommend focusing your search on the right home purchase — not the interest rate environment. In other words, it can pay off long-term to lock in a higher rate now rather than waiting to buy until rates eventually drop. You may get lucky with an opportunity to refinance to a lower rate in the future, but you can also take action to secure the best possible rate that fits in your budget today.
Start exploring your available mortgage options here.
Do you want to learn how to get free clothes? There are many ways to get free clothes online and in-person, which means you can save money and have a new outfit. From online shopping to community groups and social media, there are many platforms where you can find free clothes for yourself and your…
Do you want to learn how to get free clothes?
There are many ways to get free clothes online and in-person, which means you can save money and have a new outfit.
From online shopping to community groups and social media, there are many platforms where you can find free clothes for yourself and your family. In this article, I will help you find free clothing both online and near you.
Whether you’re an expert bargain hunter or just learning the ropes, taking advantage of free outfits can be the key to sprucing up your wardrobe without spending a ton of money. Read on to learn more about how to get free clothes, discounts, and clever hacks to get free clothes while maintaining your budget.
Key Takeaways
Explore online platforms, like Facebook Buy Nothing groups, Craigslist, and Freecycle.org, for free clothing options.
Connect with friends and communities to organize clothing swaps.
Blogging or social media can lead to free clothing items and discounts.
How To Get Free Clothes
1. Facebook Buy Nothing Groups
If you’re looking for the easiest way to learn how to get free clothes, Facebook Buy Nothing groups can be one of the best options in your local area. These local groups on Facebook are part of the Buy Nothing Project, which aims to connect neighbors who are willing to give items away for free, including clothing.
I have given away many, many things in my Facebook Buy Nothing group, and I see lots of clothes given away all the time. You can find free clothes for women, men, children, and babies in your local Facebook Buy Nothing group.
To get started with Facebook Buy Nothing groups, simply search for a Buy Nothing group in your town or city. If you live in a large city, there might be multiple groups for different neighborhoods. Once you find the right group, send a request to join. You can start by searching “your city name Buy Nothing Group” as an example.
After you’ve been accepted into the group, you can start looking for free clothes. Keep an eye out for posts from group members offering clothing items they no longer need, and don’t hesitate to ask questions and state your interest in the items you like. When you find something you’d like to have, simply comment on the post to let the person know that you’re interested. The person may choose to gift the item to the first person who comments, or they might decide to draw names at random.
Another way you can learn how to get free clothes on Buy Nothing is by hosting a clothing round-robin. This is when people put together a box of clothes together that goes person to person. You can try items on in your home, take clothing you like, add to the box, and pass it along to the next person.
Facebook Marketplace may also have free clothing listed as well.
2. Look at Craigslist for free clothing
Craigslist has a free section on their website where you can find clothing and other items that people are giving away.
To get started, go to Craigslist.org and head to the free section of the website. Then type “clothes” or whatever specific article of clothing you are looking for in the Craigslist search bar.
Then when you find a free clothing listing that you like, simply click on the title or image to view more information about the offer and send an email to the person.
Note: For your safety, it is a good idea to meet the person in a public place and bring a friend along when you pick up the clothes.
3. Check Freecycle.org for clothing and shoes
Freecycle.org is a great resource for where to get free clothes online.
Freecycle is a nonprofit movement/website that allows members to give away and receive items for free in their local area. Freecycle is all about reducing waste and keeping items out of landfills.
To get started, create a free account on Freecycle.org and start looking at what is available in your area.
When you find something you like, simply respond to the listing, and the person will give you details on how to pick up the items.
For more content related to how to get free clothes, check out: 15 Awesome Ways To Get Free Stuff.
4. Organize a swap with friends to get free clothes
Setting up a clothing swap with friends and family is a fun way to refresh your wardrobe while also learning how to get free clothes.
Here are some steps to host a fun clothing swap:
Set a date and location – Choose a date and time that works for you and your friends. It’s a good idea to host the swap at your home or another comfortable space where everyone feels welcome. Make sure there is enough room for everyone to display and try on clothes.
Invite your friends – Create a guest list and send out invites. You can use social media, email, or text message to invite your friends. Make some ground rules for how the swap will work, and ask everyone to bring clean, gently used clothes that they no longer wear.
Prepare the space – Set up an area where friends can display their clothing items. This can be as simple as just using a dining room table or everyone sitting on the couch in the living room.
You can make it even more fun by asking everyone to bring snacks and food as well and make it more of a potluck.
I also recommend checking out the website Rehash. This is an online swap website where you can trade clothing with others online.
5. Birthday freebies
Many stores give you discounts or free stuff on your birthday when you sign up for their email lists or by joining customer loyalty programs.
These offers can be in the form of discounts, coupons, or even free items for a limited time.
Related: 31 Birthday Freebies You Should Sign Up For
6. Participate in sweepstakes and contests
If you want to learn how to get free clothes from companies, participating in sweepstakes and contests is a great option. Many stores and clothing brands have contests on their social media platforms, offering free clothing or clothing gift cards.
You can often find these by simply following your favorite stores and brands on social media – like Facebook, Twitter, and Instagram – to see when they hold a giveaway.
Another way to find sweepstakes and giveaways to enter is to search related hashtags on Twitter, Facebook, and Instagram. Many times, sweepstakes and giveaways are tagged with these hashtags in order to grow even more and so that people can find them. I used to enter giveaways all the time, and this is exactly how I would find giveaways to enter. Some hashtags to find free online clothing giveaways include:
#sweepstakes
#giveaway
#clothinggiveaway
#contest
7. Find money-making apps that will pay you in clothing gift cards
If you’re looking to add some new clothing to your wardrobe without spending a lot of money, you can try using money-making apps that give you free gift cards or PayPal cash.
This may include taking surveys and shopping online, you can earn points that can be redeemed for gift cards to popular clothing stores. Here are some apps to consider using for free gift cards:
Swagbucks is a popular site that rewards you for completing tasks, such as watching videos, taking surveys, and shopping online. You can earn points and redeem them for gift cards from popular stores, like Amazon, Target, Walmart, Adidas, and Under Armour, where you can purchase clothing.
American Consumer Opinion is a popular survey website where you can get paid around $1 to $5 (longer surveys pay more than shorter ones) for each survey you answer.
Branded Surveys is an online survey company that pays around from $0.50 to $5.00 per survey that you answer. Like with all survey companies that I recommend, it is free to join.
Fetch Rewards is a grocery rewards app where you can redeem your points for clothing gift cards. You scan your receipts from grocery shopping and earn points that can be exchanged for gift cards at various clothing stores, like American Eagle, Gap, Lululemon, Old Navy, and more.
Upside is a cell phone app that gives you cash back for using the gas stations that are listed in their app. You simply sign up for a free account, and then look at the Upside app to find gas stations located near you. With Upside, you can make up to $0.25 per gallon cash back at gas stations. You can then redeem your earnings for cash to your bank account, but also for free gift cards to H&M, Nike, Target, Walmart, and more.
Ibotta is an app where you can unlock rebates and rewards, go shopping, verify your purchases, and then get cash.
By using these apps, you can earn gift cards to clothing stores without spending a dime.
Related: 16 Real Ways To Earn Free Gift Cards (Amazon, Target, Visa)
8. Redeem credit card rewards points to put towards free gift cards for clothes
You can benefit from using your credit card rewards points to score free gift cards for clothes!
Many credit card issuers offer reward programs, which give you points for every dollar you spend. By accumulating these points, you can redeem them for various rewards, including gift cards to your favorite clothing stores.
The way that rewards credit cards work is that every time you use your credit card, you can earn points for spending money. Yes, spending money just like how you normally spend money.
Two rewards credit cards that I personally like include:
Note: Using credit cards for their rewards is only wise if you are a responsible credit card user. You do not want to add debt to your life to earn credit card rewards, as debt that gains interest is not free or worth it! You need to make sure you’re paying your credit card balance in full each month for the gift card rewards to be worth it so that you are not taking on debt that you don’t need.
9. Start a clothing blog or social media account
Starting a clothing blog or social media account can be a fun way to get free clothes to promote. By building a following, clothing brands may want to partner with you and give you free clothing.
To begin, choose a platform where you want to focus your time, such as starting a fashion blog or setting up an Instagram account. For example, if you’re passionate about taking pictures, Instagram can be a perfect platform for this. If you want to focus on writing, then a blog may be better. If you prefer video, then starting a YouTube channel or TikTok may be for you.
Next, you’ll want to focus on growing your audience. You can grow your following by regularly posting high-quality content and replying to comments.
Once you are ready, you can start reaching out to clothing brands for possible partnerships by sending emails or social media messages, telling them that you are interested in promoting their products and discussing how the collaboration can benefit the both of you. You may be asked to share statistics about your blog or social media account, including your follower count and engagement rate to show that the partnership would be worthwhile.
In addition to receiving free clothing, partnering with clothing companies can lead to other benefits, such as promo codes for your readers or even earning referral income for any purchases from followers made through your affiliate links.
You can learn how to start a blog in my free How To Start a Blog Course.
Note: Please keep in mind that being a trustworthy blogger or social media influencer means always disclosing when a post is sponsored or when you receive a product for free. Adding disclaimers is also the law when using affiliate links or sharing sponsored posts.
10. Get a job at a clothing store
When I was younger, I worked at a clothing store. If we beat our monthly sales goals, we were given a percentage of that in a gift card to the store. This was a great way to get free clothing!
Now, not all clothing stores have this perk, but you may be able to ask around and see if others do.
Another perk of working at a clothing store is the employee discount that you can get. As an employee, you typically receive a good employee discount – sometimes up to 50% off. This could be a great way for you to save money on clothes while earning a paycheck.
11. Reach out to a local nonprofit or charitable group
Many nonprofits or charitable groups offer free clothing to those in need.
Shelters, religious organizations, and other groups often have clothing banks available. Don’t be afraid to reach out to these organizations if you find yourself needing how to get free clothes for everyday or work.
12. School donation programs
Some schools and universities host clothing donation programs, which can help students who may be struggling financially.
You can keep an eye out for these events to get free clothes for yourself or your children. Schools might even have partnerships with local retailers, providing designer clothing at no cost, along with essentials.
I recommend reaching out to your school and asking what options are available for you.
13. Local yard sales
Yard sales are a great place to find cheap or even free clothes. Some homeowners may be willing to part with clothes for very cheap or free, especially towards the end of the day when they are packing up and they want to get rid of the items that are remaining.
14. Pregnancy and baby sample boxes
If you are pregnant, then you can probably get a free baby box filled with items you’ll want and need.
You typically get a free baby box when you create a baby registry. These boxes are often filled with free baby samples, such as a baby onesie, baby bottles, diapers, pacifiers, and more.
I got both the Amazon baby box and the Babylist baby box when I was pregnant, and they were both great and free! I simply created a registry through both sites (which is something that I was already doing), and I received the free baby box once someone purchased something off my baby registry.
In each, there was one baby onesie. So it wasn’t a lot of free baby clothing, but it was fun to receive and there were lots of other free items in the box as well.
Related: Best Baby Gear – Guide For New Parents
15. Refer friends to your favorite stores
Referral programs are offered by many online clothing companies, and this may get you some free clothing.
When you refer a friend to the website, both you and your friend often receive a discount or credit towards your next purchase. You can share your unique referral link with friends and family, or promote it on social media to reach a larger audience.
Some online stores which have a referral program include Lulus, Poshmark, ThreadUP, Stitch Fix, Rent The Runway, and many more.
Make the most of online shopping to get money to put towards clothes
When shopping online, there are ways that you can save money. While these won’t lead you to getting entirely free clothing, these tips can make clothing more affordable.
Use coupons and promo codes –Always keep an eye out for coupons and promo codes before making a purchase to save money on clothes. Websites, like Honey, often have promo codes available for online stores. This way, you can save on your purchases and have more money to put towards new clothes. You can install the Honey browser extension, which automatically finds and applies available coupon codes and promo codes when you shop online. Then shop like normal and when you’re ready to checkout, Honey will instantly find and apply the best coupon codes directly to your shopping cart.
Cash-back sites –Using cash-back sites is another smart way to save money on your apparel purchases. Rakuten offers cash back (up to 40% cash back!) for shopping at many different online retailers (they have thousands of options). Simply browse the Rakuten website, find stores you normally shop at, and earn a percentage of cash back for every purchase.
Loyalty programs –Signing up for loyalty programs can be a great way to earn points or rewards that can be put towards new clothes. Many clothing stores offer rewards programs for their customers. As a member, you can earn points with each purchase that can be redeemed for discounts or even free clothing items.
Shop at thrift stores and consignment shops –Thrift stores can be a great source of free or inexpensive clothes. There are even online thrift stores, such as ThredUP and OfferUp.
Frequently asked questions about how to get free clothes
Below, I answer common questions about ways to get clothing for free.
Where can I find free clothing giveaways?
One way to find free clothes that are being given away is to search for online giveaways and contests. You can find these by going to giveaway websites, or searching hashtags on Twitter and Instagram, such as #giveaway and #clothinggiveaway.
There are many if you want to learn how to get free clothes, such as reaching out to nonprofit organizations, shelters, and churches in your local area. You can also check out websites, like Freecycle.org or Craigslist, for listings of free clothing resources in your community. Also, joining local Facebook Groups for clothing swaps or free items may help you find free clothes near you.
How can I receive free clothes delivered to my door?
By participating in referral programs, product testing programs, or signing up for clothing site rewards, you can potentially receive free clothes delivered to your door.
How to get free items from SHEIN?
There are a few ways to get free Shein clothes, and this is a very popular question about how to get free clothes!
There is a Shein Free Trial Center where you may be able to test out outfits for free. You will have to write a product review for the item you get for free with the Shein product testing program.
There are also Shein giveaways on social media all the time that you can enter as well.
How do I manage to have a great wardrobe on a tight budget?
To have a great wardrobe on a tight budget, you may want to focus on versatile and timeless pieces that can be mixed and matched. This may include shopping sales, clearance sections, and secondhand stores to find affordable clothing items. You can also swap clothes with friends or attend clothing swap events to save money.
How can I get a lot of clothes with little money?
You can get a lot of clothes with little money by shopping at thrift stores, discount stores, and clearance sales.
How do I get free athletic wear?
Many running shoes have a product testing program for athletes and runners, such as the Saucony product testing program, Reebok product testing program, New Balance tester community, and the Nike product testing program.
These companies will need your shoe size and some other information from you before they can send you anything. There will most likely be an in-depth questionnaire for you to answer after you try the shoes.
In some cases, you will not be able to keep the shoes, just so you know.
How To Get Free Clothes Online Without Paying – Summary
I hope you enjoyed today’s article on my best tips and tricks on how to get free clothing. As you can see, there are many ways to get started!
Whether you are looking for free t-shirts, jeans, shoes, work clothes, or something else, there is plenty of free apparel if you look around.
With Facebook Buy Nothing groups, Craigslist, and Freecycle.org, you can connect with like-minded individuals and exchange items without needing to pay. Also, connecting with friends, family, and online communities by organizing clothing swaps, working with money-making apps that offer gift cards, and blogging or engaging on social media can lead to free clothing items as well.
Remember, when you maximize your online shopping by using loyalty programs, cash-back apps, referral programs, and coupons, you’ll have more money to put towards new clothing items.
Do you know how to get free clothes? What’s your favorite way?
WEST PALM BEACH, Fla. — Three South Florida counties ranked in the top 10 in the state where financing a home is the most expensive, according to a study by SmartAsset.
The study used median home values and estimated interest rates for a 30-year fixed-rate mortgage to calculate the total cost of financing a home.
Miami-Dade was ranked seventh with Martin County eighth and Palm Beach County 10th behind No. 1 Monroe County, which includes Florida’s Keys, including a median home price of $957,819. Among the 67 counties in the state, Broward was 13th, St. Lucie 14th, Indian River 19th and Okeechobee 52nd.
Rank
County, State
Median Home Value
Interest Rate Estimates
Total Interest
Total Cost
Most Expensive Index
1
Monroe County, FL
$957,819
6.64%
$1,002,777
$1,960,596
37.68
2
Walton County, FL
$681,162
7.05%
$766,357
$1,447,519
27.56
3
Collier County, FL
$594,299
6.59%
$617,111
$1,211,409
22.91
4
Saint Johns County, FL
$515,056
7.04%
$579,043
$1,094,099
20.59
5
Nassau County, FL
$463,650
6.92%
$510,422
$974,072
18.23
6
Manatee County, FL
$458,069
7.01%
$512,386
$970,455
18.16
7
Miami-Dade County, FL
$479,969
6.22%
$464,330
$944,299
17.64
8
Martin County, FL
$460,905
6.49%
$469,124
$930,029
17.36
9
Sarasota County, FL
$460,560
6.27%
$449,591
$910,151
16.97
10
Palm Beach County, FL
$458,834
6.24%
$445,550
$904,385
16.85
FL
$326,286
7.36%
$342,646
$668,932
The study adjusted the Freddie Mac national average interest rate by county using average credit score and debt-to-income ratio.
The overall loan payments were a 30-year fixed-rate mortgage at a 20% down payment. Loans were around 7%.
“For most buyers, the cost of purchasing a home goes beyond the price one pays at closing — interest rates will have a significant impact on the final cost of the purchase,” SmartAsset wrote in a news release.