This article takes a look at the 5 cities where you can buy a home for under $300,000. If you wish to check out our detailed analysis on 2024 housing optimism, you may go to 15 Cities Where You Can Buy a Home for Under 300k.
5. Wichita, Kansas
Insider Monkey Score: 18
Median Home Price: $218,000
Cost of Living Index: 82.8
Revered for its affordable housing, thriving arts and culture scene, and welcoming community, Wichita is another nice city where you can buy a home for under $300,000. Moreover, the cost of living in this city is 17.2% lower than the national average. The city offers an affordable cost of living, diverse job opportunities, a family-friendly environment, numerous cultural attractions, and a strong sense of community.
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.
3. Jacksonville, North Carolina
Insider Monkey Score: 21
Median Home Price: $200,000
Cost of Living Index: 86.3
One of the most affordable places to buy a home in North Carolina is Jacksonville. With diverse job opportunities, family-friendly amenities, and a rich cultural scene, the city provides a well-rounded living experience to its residents. Apart from affordable housing, the cost of living is also 13.3% lower than the national average.
2. Oklahoma City, Oklahoma
Insider Monkey Score: 24
Median Home Price: $254,000
Cost of Living Index: 85.5
Oklahoma City is a nice place to buy a home under $300,000. The city boasts a diversified economy, numerous cultural institutions, and a thriving sports scene. The locals are very friendly, and numerous community events are happening throughout the year. The median sale price of a home is well below the national median, and the cost of living is 14.5% lower than the national average.
1. Pittsburgh, Pennsylvania
Insider Monkey Score: 27
Median Home Price: $229,000
Cost of Living Index: 91.8
Pittsburgh, Pennsylvania, stands out as an affordable and attractive home-buyers’ destination, offering a low cost of living and diverse housing options. The city’s cultural amenities and picturesque neighborhoods contribute to its charm. Overall, its affordability and quality of life make it a nice place to live in the state. According to Redfin, 0.56% of home-buyers, particularly from New York, searched to move into Pittsburgh from other metro areas.
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