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Insights—Lowest Home Prices by Population

Here is a list of all the insights pages on the site.

There is a known positive relationship between city population and cost. While most small towns still have affordable real estate, the biggest cities in the US—think New York City, San Francisco, and Los Angeles—have house prices that are out of reach for most Americans. This page lists the exceptions to this rule, providing the most affordable cities at a few different population thresholds.

Population cutoff City Median home price
50,000 (full list) Flint, Michigan $75,000
100,000-200,000 Akron, Ohio $118,000
200,000-300,000 Toledo, Ohio $115,000
300,000-500,000 Cleveland, Ohio $135,000
500,000+ Detroit, Michigan $78,000

The most affordable cities are clearly located in the Rust Belt. In fact, the most affordable city not in the Rust Belt, Camden, New Jersey, is about 50% more expensive than Flint.

A lot of these cities are considered run-down and/or have issues with crime. We redid the list only including cities that have at least "fair" rankings for violent crime and property crime:

Population cutoff City Median home price
50,000 (full list) Elyria, Ohio $145,000
100,000-200,000 Hampton, VA $132,000
200,000-300,000 Laredo, Texas $249,000
300,000-500,000 Henderson, Nevada $457,000
500,000+ El Paso, TX $250,000

As a bonus, since our quiz is offered for both buyers and renters, it seemed fair to re-run the list for rental prices instead of home prices.

Population cutoff City Median rental price
50,000 (full list) Decatur, IL; Albany, GA; Enid, OK (tie) All $725
100,000-200,000 Evansville, Indiana $800
200,000-300,000 Toledo, Ohio $840
300,000-500,000 Wichita, Kansas $900
500,000+ Oklahoma City, Oklahoma $1,040

To get an unlimited list of recommendations for what city to live in based on home price as well as many other factors, take our quiz!