15 Big Us Cities You Could Buy House Even If You Make Less Than 100,000$

Realtor.com has identified 15 sprawling US metropolises where the income required to buy a home is surprisingly low.

A substantial number of the budget-friendly urban cities for hunting homeowners are located in the South and Midwest.

The top-rated city is Pittsburgh, where you can secure a classic $250,000 abode with $67,000. US mortgage rates are currently high, with no signs of declining through 2024.

Dismal home prices and inflation that bites tend to be the order of the day. A study reported by IPX1031, a nationwide property intermediary service, revealed 70% of Americans think buying homes in 2024 is outright impossible.

But all is not lost.

Realtor.com has compiled 15 topnotch cities where a $100,000 annual income is sufficient to have a good about buying a home at the median price level. The latter amounting to the median income households, stated Danielle Hale, Realtor.com’s chief economist in an interview with Business Insider, calling it an important point despite the impact of inflation.

Representing just a 30% decrease in the income threshold for purchasing homes nationwide in 2022, median home prices have also risen sharply in the past decade.

However, homebuyers in these cities spend no more than 30% of their income on housing costs for property. Many of the most budget-friendly places for workers reside in the South or Midwest, although living costs in are relatively low in Mid-Atlantic areas. There are no cities in the West due to the amount affluent are forced to own and buy home priced in states like California and in comparison to local expenditure.

“In the South, the availability of smaller homes has increased, which has reduced home prices. In these locations, we are also seeing better alignment of the supply of homes with demand as Hale stated, adding, “In the West, the sheer number of tech developers has kept incomes growing, but development is limited, and home prices have soared.” In 2021, Realtor.com calculated where the median individual’s income would best reach for home buying. A homebuyer was considered as the typical individual who spends no more than 30% of their earnings on housing ownership, paid a 20% down payment and secured a 30-year fixed-rate mortgage at the current rate, and taxes and home insurance are also included. Below are the 15 US best cities where home purchasing is practically feasible for individuals with minimal income, according to Realtor.com.

15. San Antonio

• Median home list price: $345,000
• Median household income required to purchase a home: $100,000

14. Cincinnati

• Median home list price: $375,000
• Median household income required to purchase a home: $99,000

13. Oklahoma City

• Median home list price: $330,000
• Median household income required to purchase a home: $98,000

12. Memphis

• Median home list price: $339,000
• Median household income required to purchase a home: $91,000

11. Baltimore

• Median home list price: $352,000
• Median household income required to purchase a home: $91,000

10. New Orleans

• Median home list price: $335,000
• Median household income required to purchase a home: $90,000

9. Rochester, New York

• Median home list price: $295,000
• Median household income required to purchase a home: $87,000

8. Indianapolis

• Median home list price: $340,000
• Median household income required to purchase a home: $87,000

7. Louisville, Kentucky

• Median home list price: $327,000
• Median household income required to purchase a home: $87,000

6. St. Louis

• Median home list price: $294,000
• Median household income required to purchase a home: $82,000

5. Buffalo, New York

• Median home list price: $285,000
• Median household income required to purchase a home: $79,000

4. Birmingham, Alabama

• Median home list price: $297,000
• Median household income required to purchase a home: $75,000

3. Cleveland

• Median home list price: $255,000
• Median household income required to purchase a home: $71,000

2. Detroit

• Median home list price: $250,000
• Median household income required to purchase a home: $69,000

1. Pittsburgh

• Median home list price: $250,000
• Median household income required to purchase a home: $67,000

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