For Sale: Affordable Homes in the Most Affordable Markets

minneapolis home for sale exterior
ZillowWhat's affordable in Minneapolis? This charming and updated three-bedroom, two-bathroom bungalow.
By Sharona Ott

Some metros are known for their sky-high home prices. However, metros with affordable homes for sale do exist! We define a market as affordable if a buyer who makes the area's median income can afford the area's median-priced home by spending less than what they have spent historically. These seven metro areas have the highest percentage of affordable homes currently on the market among the nation's 35 largest metros.

No. 1: Cincinnati

187 Wedgewood Ave.
For sale: $92,000
Cincinnati, OH
Built in 1922, this 1,714-square-foot home is bright, spacious and charming. Considering Cincinnati's median home value of $94,400, this four-bedroom three-bathroom home is a bargain.

No. 2: Columbus, Ohio

2228 Aqua Park Ave.
For sale: $95,000
Columbus, OH
This 1,656-square-foot, three-bedroom, 2.5-bathroom home offers ample entertainment space, including a roomy backyard with a large deck. This home's price sits just under the area's median home value of $96,700.

No. 3: Cleveland

3053 W. 116th St,
For sale: $49,900
Cleveland, OH
Built in 1921, this quaint 984-square-foot home has been updated throughout. The two-bedroom, one-bathroom home comes with all appliances and is even more affordable than Cleveland's median home value of $51,700.

No. 4: Kansas City, Mo.

7360 N. Mulberry St.
For sale: $110,000
Kansas City, MO
Located on a quiet street, this 1,028-square-foot, three-bedroom, two-bathroom home has been newly painted and carpeted and comes with all appliances included. Considering Kansas City's median home value of $112,900, this home is a great buy.

No. 5: St. Louis

4865 Fountain Ave.
For sale: $95,000
Saint Louis, MO
Built in 1894, this 2,500-square-foot home has been well-maintained and offers abundant natural light. With an impressive five bedrooms and two bathrooms, this home is well worth its asking price -- St. Louis' median home value is $98,200.

No.6: Chicago

9051 S. May St.
For sale: $184,900
Chicago, IL
This 1,400-square-foot brick home has received many new furnishings throughout, including a kitchen with stainless steel appliances and granite countertops. Chicago's median home value is $187,200, making this three-bedroom, three-bathroom home a great deal.

No. 7: Minneapolis

3722 Oakland Ave., Minneapolis
For sale: $184,900
Minneapolis, MN
This adorable three-bedroom, two-bathroom, circa-1916 bungalow has both original woodwork and modern updates. With Minneapolis' median home value of $187,600, this 1,392-square-foot home is an affordable buy.

Add a Comment

*0 / 3000 Character Maximum