10 American cities with the most houses of less than $ 200,000, the new data show
Despite the reduction in inventories and high interest rates, there are agreements to be found.
If you have already watched an episode of House hunters both incredulous and jealousy in incredibly low house prices , you will want to continue reading. A new report From Realtor.com reveals 10 American cities with the most houses of less than $ 200,000, which despite inventory rates and interest rates higher in the sky.
"In recent years, the number of houses of less than $ 200,000 has increased from around half of all sales to less than a quarter sales in 2023", according to the report, which notes that this price is "incarnibly attractive" for the first -time of buyers, retired and those Live on a fixed income .
"Current mortgage rates oscillating approximately 7%, monthly payment on a house of $ 200,000 with a deposit of 20% would be around $ 1,500, which is below $ 1732 median rent," they add .
Using recent data on the list of cities with more than 100 houses in total for sale, Realtor.com data analysts have classified American cities with the most houses listed under $ 200,000 and compared this to their number overall lists. They then compiled this list of 10 places, which you could find quite surprising. Read the rest to find out more about these hidden pockets of affordability before the disappearance of their accommodation.
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10 Cleveland, Ohio
Median list price: $ 135,475
Number of lists of less than $ 200,000: 512
Percentage of lists of less than $ 200,000: 61
"Nowhere is there a more coherent band of affordable houses in 2024 than in Upper Midwest," explains the Realtor.com report - and two of these cities are in northern Ohio, the first being Cleveland .
It is not only potential buyers who can find affordable cleveland; A January 2024 Rent report of the research technology company, the rent revealed that rents in the city had decreased by 6.19% , the 12th largest drop in all American cities.
9 Rockford, Illinois
Median list price: $ 164,950
Number of lists of less than $ 200,000: 153
Percentage of lists of less than $ 200,000: 66 AE0FCC31AE342FD3A1346EBB1F342FCB
Rockford is the fifth largest city in Illinois, about 90 miles west of Chicago. It even has its own international airport - not a bad location if you can enter for less than $ 200,000.
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8 Lansing, Michigan
Median list price: $ 143,950
Number of announcements of less than $ 200,000: 133
Percentage of lists of less than $ 200,000: 68
The capital of Michigan is home to Michigan State University, countless cultural attractions and a 20 -mile river path. It is only 90 miles of Strait and 66 miles from Ann Arbor.
And this is the perfect time to consider buying in the city, as there is Several major development plans on the table, as well as Stadium district development.
7 Albany, Georgia
Median list price: $ 104,000
Number of announcements of less than $ 200,000: 245
Percentage of lists of less than $ 200,000: 64
This city in the southwest of Georgia has not only affordable houses for sale, but also "a globally lower cost of living", according to Realtor.com. "Compared to Atlanta, where the cost of living is close to the national average, housing in Albany is 40% cheaper," write their experts.
"With lower subsistence costs and growing stocks, cities like Albany offer great value to home buyers," said Hannah Jones , a main economic analyst Immobilier.com. "The South notes a sharp increase in affordable stocks."
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6 Niagara Falls, New York
Median list price: $ 114,500
Number of announcements of less than $ 200,000: 98
Percentage of lists of less than $ 200,000: 80
Niagara Falls offers more than her famous falls. He also has a lot of houses available for less than $ 200,000, a flight enough if you consider that it is only 25 minutes by car from Buffalo. And if you are of the outside type, you will appreciate that it is a Big city for bicycle And the hike.
5 Rochester, New York
Median list price: $ 161,194
Number of lists of less than $ 200,000: 213
Percentage of lists of less than $ 200,000: 68
Rochester is about an hour and a half east of the Niagara falls, and it is another perfect place for hunters of houses on a low budget. However, if you plan to immerse yourself on this housing market, you may want to act quickly, as recent reports cite " steep competition "And the auction wars.
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4 Detroit, Michigan
Median list price: $ 90,000
Number of lists of less than $ 200,000: 1586
Percentage of lists of less than $ 200,000: 64
Second city in Michigan to make the list, Detroit has the lowest median list price on this list, and it is the only $ 100,000. He also has the largest number of announcements of less than $ 200,000.
"This might not be a surprise; the fixers are quite standard in the city of Motor, because it continues to see a large revitalization," explains the report.
3 Akron, Ohio
Median list price: $ 138,600
Number of announcements of less than $ 200,000: 214
Percentage of lists of less than $ 200,000: 70
Akron, another city in northern Ohio, has a decent stock of listed houses for less than $ 200,000. But like the other Midwest cities, its overall housing prices have increased in recent years.
"For example, the prices of Detroit houses increased by more than 10% compared to the same era last year," said the report. "In Cleveland, prices have increased by more than 20% in the past year. Akron and Lansing have also experienced two -digit price growth."
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2 Lauderhill, Florida
Median list price: $ 175,000
Number of lists of less than $ 200,000: 404
Percentage of lists of less than $ 200,000: 70
The two main cities on the list are both outside Fort Lauderdale. It should be noted, however, that most of their stock of accommodation is condominiums.
"These cities are very attractive because they are in a popular pension destination but more affordable than the other cities of Florida nearby," explains the Realtor.com report. "The two are training of about 15 minutes in the center of Fort Lauderdale, which means easy access to urban advantages without compromising a lifestyle."
1 Lauderdale Lakes, Florida
Median list price: $ 149,350
Number of announcements of less than $ 200,000: 239
Percentage of lists of less than $ 200,000: 85
Lauderdale Lakes takes first place, with 85% of its lists at less than $ 200,000 in early June.
"The formerly popular areas for reducing workforce are now out of reach for many," said Jones. "Florida markets as Lauderdale Lakes see an increase in affordable condos, offering viable options to those looking to reduce size without breaking the bank."