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. 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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