There are so many things to consider, but probably the most important is the long term goal. If you are interest in cash flow, then a more moderately priced home tends to cash flow a bit better, but a more expensive home may appreciate faster and sell more quickly when you need to divest of the home. The other major factor is time. If you don’t have a great deal of time, consider and town home or condo that included some level of maintenance. Similar, if you want to be your own landlord, make sure you have the time.