50 Southern Cities Where You Could Buy Luxury Homes for $250,000 or Less
It might seem unlikely in today’s housing market, but U.S. buyers can still find luxury homes in good condition for $250,000 — or even less, depending on the location. And these aren’t tiny luxury homes, either.
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According to an industry report from Mordor Intelligence, the luxury homes market is booming across the United States and has drawn so many buyers that the home prices have soared 50% over the past several quarters. So the right time to consider buying a luxury home would be now. GOBankingRates found 50 cities in the South where you can buy a luxury home for $250,000 or less.
Greenville, Mississippi
Size Rank: 1,731
Average Top-Tier Home Value in 2024: $148,481
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Pine Bluff, Arkansas
Size Rank: 1,343
Average Top-Tier Home Value in 2024: $166,594
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Jackson, Mississippi
Size Rank: 241
Average Top-Tier Home Value in 2024: $168,482
Port Arthur, Texas
Size Rank: 1,071
Average Top-Tier Home Value in 2024: $169,089
Rio Grande City, Texas
Size Rank: 1,380
Average Top-Tier Home Value in 2024: $189,197
Clarksburg, West Virginia
Size Rank: 2,415
Average Top-Tier Home Value in 2024: $192,997
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Roanoke Rapids, North Carolina
Size Rank: 2,531
Average Top-Tier Home Value in 2024: $202,695
Gadsden, Alabama
Size Rank: 1,585
Average Top-Tier Home Value in 2024: $203,802
Plainview, Texas
Size Rank: 2,470
Average Top-Tier Home Value in 2024: $205,972
Mercedes, Texas
Size Rank: 1,883
Average Top-Tier Home Value in 2024: $211,691
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Donna, Texas
Size Rank: 1,126
Average Top-Tier Home Value in 2024: $212,097
Westwego, Louisiana
Size Rank: 1,741
Average Top-Tier Home Value in 2024: $213,979
Huntington, West Virginia
Size Rank: 730
Average Top-Tier Home Value in 2024: $218,582
Martinsville, Virginia
Size Rank: 2,012
Average Top-Tier Home Value in 2024: $220,020
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Natchez, Mississippi
Size Rank: 2,086
Average Top-Tier Home Value in 2024: $220,462
Forest Park, Georgia
Size Rank: 2,487
Average Top-Tier Home Value in 2024: $223,486
Alice, Texas
Size Rank: 2,356
Average Top-Tier Home Value in 2024: $224,687
Meridian, Texas
Size Rank: 937
Average Top-Tier Home Value in 2024: $224,743
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Parkersburg, West Virginia
Size Rank: 1,268
Average Top-Tier Home Value in 2024: $225,359
Pharr, Texas
Size Rank: 646
Average Top-Tier Home Value in 2024: $226,143
Ponca City, Oklahoma
Size Rank: 2,130
Average Top-Tier Home Value in 2024: $227,907
Lawton, Oklahoma
Size Rank: 461
Average Top-Tier Home Value in 2024: $229,297
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San Benito, Texas
Size Rank: 1,158
Average Top-Tier Home Value in 2024: $229,318
Duncan, Oklahoma
Size Rank: 2,306
Average Top-Tier Home Value in 2024: $229,417
Kinston, North Carolina
Size Rank: 1,635
Average Top-Tier Home Value in 2024: $229,486
Opelousas, Louisiana
Size Rank: 1,615
Average Top-Tier Home Value in 2024: $229,891
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Americus, Georgia
Size Rank: 2,464
Average Top-Tier Home Value in 2024: $230,152
Abbeville, Louisiana
Size Rank: 2,592
Average Top-Tier Home Value in 2024: $230,415
Muskogee, Oklahoma
Size Rank: 1,326
Average Top-Tier Home Value in 2024: $230,586
San Juan, Texas
Size Rank: 1,754
Average Top-Tier Home Value in 2024: $230,855
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Cumberland, Maryland
Size Rank: 1,401
Average Top-Tier Home Value in 2024: $231,194
Rockingham, North Carolina
Size Rank: 2,405
Average Top-Tier Home Value in 2024: $231,715
Beckley, West Virginia
Size Rank: 2,291
Average Top-Tier Home Value in 2024: $232,086
Albany, Georgia
Size Rank: 537
Average Top-Tier Home Value in 2024: $232,269
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Darlington, South Carolina
Size Rank: 2,541
Average Top-Tier Home Value in 2024: $232,456
Waycross, Georgia
Size Rank: 1,662
Average Top-Tier Home Value in 2024: $232,852
Socorro, Texas
Size Rank: 1,975
Average Top-Tier Home Value in 2024: $234,117
Philadelphia, Mississippi
Size Rank: 2,571
Average Top-Tier Home Value in 2024: $234,645
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Jacksonville, Arkansas
Size Rank: 1,536
Average Top-Tier Home Value in 2024: $235,253
Kingsville, Texas
Size Rank: 2,180
Average Top-Tier Home Value in 2024: $236,096
Alamo, Texas
Size Rank: 1,350
Average Top-Tier Home Value in 2024: $236,164
Mayfield, Kentucky
Size Rank: 2,601
Average Top-Tier Home Value in 2024: $236,795
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Laurel, Mississippi
Size Rank: 1,451
Average Top-Tier Home Value in 2024: $236,814
Enid, Oklahoma
Size Rank: 1,174
Average Top-Tier Home Value in 2024: $236,878
Moss Point, Mississippi
Size Rank: 2,294
Average Top-Tier Home Value in 2024: $238,077
New Iberia, Louisiana
Size Rank: 988
Average Top-Tier Home Value in 2024: $240,104
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Madisonville, Kentucky
Size Rank: 2,407
Average Top-Tier Home Value in 2024: $240,695
Princeton, West Virginia
Size Rank: 1,947
Average Top-Tier Home Value in 2024: $244,467
Vidor, Texas
Size Rank: 2,516
Average Top-Tier Home Value in 2024: $245,697
Midwest City, Oklahoma
Size Rank: 1,034
Average Top-Tier Home Value in 2024: $246,380
Methodology: For this piece, GOBankingRates looked at the 50 biggest cities in the Southern U.S. (AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA and WV) that have top-tier homes valued under $250,000, as well as each month below $250,000, as sourced from Zillow’s May 2024 data. Top tier is defined as “typical value for homes within the 65th percentile to 95th percentile range for a given region.” All data was collected and is up to date as of June 26, 2024.
Photo Disclaimer: Please note photos are for representational purposes only. As a result, some of the photos might not reflect the locations listed in this article.
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This article originally appeared on GOBankingRates.com: 50 Southern Cities Where You Could Buy Luxury Homes for $250,000 or Less