Budget-conscious home buyers may have a tough time finding the right property, as only 30 percent of listings on realtor.com® are priced below $200,000—down from 53 percent in 2012, according to a recent analysis of the online portal’s data. But there are some surprising cities that still offer plenty of cheaper options for hungry house hunters.
House hunters on the East Coast and in the Midwest may have the greatest number of choices, but the location within cities is still key. “It’s common to find more affordable homes farther away from the city center,” says realtor.com® Chief Economist Danielle Hale. “Surprisingly, even in areas you would expect to be super expensive, there are properties that are priced really low.” Here are the markets with the most listings below $200,000, according to realtor.com®.
1. Chicago
- Number of listings below $200,000: 15,416
- Number of listings below $200,000: 9,169
- Number of listings below $200,000: 8,575
- Number of listings below $200,000: 8,469
- Number of listings below $200,000: 7,684
- Number of listings below $200,000: 6,564
- Number of listings below $200,000: 6,384
Source:
“10 Cities With the Most Homes Under $200k—You Won’t Believe Where They Are,” realtor.com® (Dec. 17, 2018)
