Housing Market 2024: 50 Most Affordable Cities for Homebuyers

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The average home price in the U.S. is now $347,442, but there are still many major cities where the cost of living is decent and you can find homes for less.

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To find the 50 most affordable cities for homebuyers, GOBankingRates looked at the 200 largest housing markets and found the cities with the greatest difference between the national average home price and city-level home prices. Home prices had to be above $100,000 for the city to qualify.

Here’s a look at the affordable cities that made the cut.

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1. Toledo, Ohio

• Average home value: $111,704

• Difference from national average ($): -$235,738

• Difference from national average (%): 67.85%

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2. Birmingham, Alabama

• Average home value: $120,106

• Difference from national average ($): -$227,336

• Difference from national average (%): 65.43%

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3. Akron, Ohio

• Average home value: $120,422

• Difference from national average ($): -$227,019

• Difference from national average (%): 65.34%

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4. Shreveport, Louisiana

• Average home value: $129,635

• Difference from national average ($): -$217,807

• Difference from national average (%): 62.69%

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5. Dayton, Ohio

• Average home value: $134,238

• Difference from national average ($): -$213,204

• Difference from national average (%): 61.36%

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6. Montgomery, Alabama

• Average home value: $137,928

• Difference from national average ($): -$209,514

• Difference from national average (%): 60.30%

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7. Rockford, Illinois

• Average home value: $142,218

• Difference from national average ($): -$205,223

• Difference from national average (%): 59.07%

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8. Memphis, Tennessee

• Average home value: $142,858

• Difference from national average ($): -$204,584

• Difference from national average (%): 58.88%

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9. Columbus, Georgia

• Average home value: $156,385

• Difference from national average ($): -$191,057

• Difference from national average (%): 54.99%

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10. Erie, Pennsylvania

• Average home value: $165,731

• Difference from national average ($): -$181,711

• Difference from national average (%): 52.30%

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11. St. Louis

• Average home value: $166,639

• Difference from national average ($): -$180,802

• Difference from national average (%): 52.04%

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12. Syracuse, New York

• Average home value: $172,364

• Difference from national average ($): -$175,078

• Difference from national average (%): 50.39%

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13. Baltimore

• Average home value: $175,763

• Difference from national average ($): -$171,679

• Difference from national average (%): 49.41%

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14. Evansville, Indiana

• Average home value: $180,121

• Difference from national average ($): -$167,321

• Difference from national average (%): 48.16%

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15. Brownsville, Texas

• Average home value: $180,961

• Difference from national average ($): -$166,481

• Difference from national average (%): 47.92%

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16. Mobile, Alabama

• Average home value: $183,826

• Difference from national average ($): -$163,616

• Difference from national average (%): 47.09%

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17. Wichita, Kansas

• Average home value: $186,772

• Difference from national average ($): -$160,670

• Difference from national average (%): 46.24%

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18. Milwaukee

• Average home value: $191,487

• Difference from national average ($): -$155,955

• Difference from national average (%): 44.89%

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19. Des Moines, Iowa

• Average home value: $193,394

• Difference from national average ($): -$154,048

• Difference from national average (%): 44.34%

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20. Amarillo, Texas

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21. Tulsa, Oklahoma

• Average home value: $199,735

• Difference from national average ($): -$147,706

• Difference from national average (%): 42.51%

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22. Oklahoma City

• Average home value: $200,917

• Difference from national average ($): -$146,525

• Difference from national average (%): 42.17%

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23. Rochester, New York

• Average home value: $204,149

• Difference from national average ($): -$143,292

• Difference from national average (%): 41.24%

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24. Lubbock, Texas

• Average home value: $204,585

• Difference from national average ($): -$142,857

• Difference from national average (%): 41.12%

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25. Little Rock, Arkansas

• Average home value: $205,626

• Difference from national average ($): -$141,816

• Difference from national average (%): 40.82%

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26. Laredo, Texas

• Average home value: $206,379

• Difference from national average ($): -$141,063

• Difference from national average (%): 40.60%

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27. Fayetteville, North Carolina

• Average home value: $208,202

• Difference from national average ($): -$139,239

• Difference from national average (%): 40.08%

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28. Philadelphia

• Average home value: $209,615

• Difference from national average ($): -$137,827

• Difference from national average (%): 39.67%

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29. Buffalo, New York

• Average home value: $211,629

• Difference from national average ($): -$135,813

• Difference from national average (%): 39.09%

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30. Corpus Christi, Texas

• Average home value: $214,407

• Difference from national average ($): -$133,035

• Difference from national average (%): 38.29%

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31. El Paso, Texas

• Average home value: $217,115

• Difference from national average ($): -$130,327

• Difference from national average (%): 37.51%

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32. Fort Wayne, Indiana

• Average home value: $219,713

• Difference from national average ($): -$127,728

• Difference from national average (%): 36.76%

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33. Indianapolis

• Average home value: $221,203

• Difference from national average ($): -$126,239

• Difference from national average (%): 36.33%

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34. Pittsburgh

• Average home value: $221,713

• Difference from national average ($): -$125,729

• Difference from national average (%): 36.19%

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35. Baton Rouge, Louisiana

• Average home value: $221,946

• Difference from national average ($): -$125,495

• Difference from national average (%): 36.12%

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36. Killeen, Texas

• Average home value: $223,307

• Difference from national average ($): -$124,135

• Difference from national average (%): 35.73%

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37. Springfield, Missouri

• Average home value: $223,542

• Difference from national average ($): -$123,900

• Difference from national average (%): 35.66%

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38. Columbia, South Carolina

• Average home value: $228,281

• Difference from national average ($): -$119,161

• Difference from national average (%): 34.30%

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39. Cincinnati

• Average home value: $230,372

• Difference from national average ($): -$117,070

• Difference from national average (%): 33.69%

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40. Kansas City, Missouri

• Average home value: $231,413

• Difference from national average ($): -$116,028

• Difference from national average (%): 33.40%

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41. Reading, Pennsylvania

• Average home value: $235,757

• Difference from national average ($): -$111,685

• Difference from national average (%): 32.14%

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42. New Orleans

• Average home value: $236,243

• Difference from national average ($): -$111,199

• Difference from national average (%): 32.01%

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43. Louisville, Kentucky

• Average home value: $238,487

• Difference from national average ($): -$108,955

• Difference from national average (%): 31.36%

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44. York, Pennsylvania

• Average home value: $249,583

• Difference from national average ($): -$97,859

• Difference from national average (%): 28.17%

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45. Winston-Salem, North Carolina

• Average home value: $249,988

• Difference from national average ($): -$97,453

• Difference from national average (%): 28.05%

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46. Columbus, Ohio

• Average home value: $251,660

• Difference from national average ($): -$95,782

• Difference from national average (%): 27.57%

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47. Pensacola, Florida

• Average home value: $253,524

• Difference from national average ($): -$93,918

• Difference from national average (%): 27.03%

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48. San Antonio

• Average home value: $255,223

• Difference from national average ($): -$92,219

• Difference from national average (%): 26.54%

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49. Greensboro, North Carolina

• Average home value: $256,284

• Difference from national average ($): -$91,158

• Difference from national average (%): 26.24%

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50. Grand Rapids, Michigan

• Average home value: $263,538

• Difference from national average ($): -$83,904

• Difference from national average (%): 24.15%

Methodology: For this piece, GOBankingRates looked at the 200 largest housing markets, according to Zillow, and found the 50 cities where there was the greatest difference between national average home prices and city-level home prices. All data was collected and is up-to-date as of May 29, 2024. Home prices had to be above $100,000 for the city to qualify.

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This article originally appeared on GOBankingRates.com: Housing Market 2024: 50 Most Affordable Cities for Homebuyers