5 Cities Where You Can Buy a Home for Under 300k

4. Bloomington, Illinois

Insider Monkey Score: 19

Median Home Price: $235,000

Cost of Living Index: 82.1

Situated in Central Illinois, homes in Bloomington are selling for a median price of $235,000. The city offers affordable homes, a strong job market, good schools, and a welcoming community. With cultural amenities and outdoor spaces, it’s an appealing place for homeownership. The real estate market is somewhat competitive, with average homes selling around the list price and hot homes selling 4% above the list price.