Affordable housing is becoming increasingly difficult to find in the United States, but there are still several cities with a large share of homes under $200,000.
Home prices in the U.S. have increased by more than $400,000 over the last 50 years. In March, national home prices increased by 6.49%, marking the fastest pace of growth recorded since November 2022.
As of April 2024, the median existing home price in the US is $407,600. However, a Realtor.com report released Thursday found cities where there are still plenty of homes under $200,000. The report analyzed listings per city and ranked them by how many still have homes for sale under $200,000.
The report excluded land, mobile homes, and cities with less than 100 listings.
Which Cities Have the Most Homes Under $200,000
1. Lauderdale Lakes, Florida
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Median list price: $149,350
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Number of listings under $200,000: 239
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Percentage of listings under $200,000: 85%
2. Lauderhill, Florida
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Median list price: $175,000
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Number of listings under $200,000: 404
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Percentage of listings under $200,000: 70%
3. Akron, Ohio
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Median list price: $138,600
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Number of listings under $200,000: 214
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Percentage of listings under $200,000: 70%
4. Detroit, Michigan
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Median list price: $90,000
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Number of listings under $200,000: 1586
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Percentage of listings under $200,000: 64%
5. Rochester, New York
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Median list price: $161,194
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Number of listings under $200,000: 213
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Percentage of listings under $200,000: 68%
6. Niagara Falls, New York
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Median list price: $114,500
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Number of listings under $200,000: 98
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Percentage of listings under $200,000: 80%
7. Albany, Georgia
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Median list price: $104,000
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Number of listings under $200,000: 245
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Percentage of listings under $200,000: 64%
8. Lansing, Michigan
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Median list price: $143,950
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Number of listings under $200,000: 133
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Percentage of listings under $200,000: 68%
9. Rockford, Illinois
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Median list price: $164,950
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Number of listings under $200,000: 153
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Percentage of listings under $200,000: 66%
10. Cleveland, Ohio
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Median list price: $135,475
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Number of listings under $200,000: 512
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Percentage of listings under $200,000: 61%
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