If you’re searching for housing markets with bargains, certain U.S. metros offer affordability while experiencing notable home price growth. According to Realtor.com, areas like Rochester, Cleveland, and Buffalo continue to see price increases but still maintain median home prices under $300,000. For buyers on a budget, these cities offer competitive opportunities without sacrificing value.
Housing Markets With Bargains
Affordable U.S. Housing Markets
Despite rising housing costs in many areas, several markets remain affordable. Rochester, NY, leads with a median list price of $282,500 and a 13% growth year-over-year. Cleveland, OH, follows closely with a median price of $262,213, making it a strong contender for those seeking affordable homes in competitive markets.
- Rochester, NY – Median list price: $282,500, price growth of 13% year-over-year, offering affordability and strong growth.
- Milwaukee, WI – Median list price: $389,900, price growth of 11.4%, known for a rising yet still competitive market.
- Cleveland, OH – Median list price: $262,213, price growth of 9.3%, one of the most affordable markets on the list.
- Memphis, TN – Median list price: $336,225, price growth of 8.5%, combining affordable prices with solid growth.
- Philadelphia, PA – Median list price: $379,450, price growth of 8.4%, a historic city with a dynamic market.
- St. Louis, MO – Median list price: $299,900, price growth of 7.1%, offering budget-friendly opportunities.
- Buffalo, NY – Median list price: $277,450, price growth of 6.8%, one of the rising markets with low prices.
- New York, NY – Median list price: $764,000, price growth of 6.3%, a pricier market with moderate growth.
- Detroit, MI – Median list price: $277,000, price growth of 5.7%, offering affordability in an up-and-coming market.
- Virginia Beach, VA – Median list price: $390,000, price growth of 2.8%, a stable market with modest increases.
Why These Markets Offer Bargains
In cities like Memphis, TN, and Buffalo, NY, rising demand hasn’t outpaced affordability. Buffalo, for example, offers a median home price of $277,450, showing that some growing markets still boast affordable options. As Realtor.com notes, supply and demand drive these trends, making them prime targets for savvy buyers.
Markets to Watch
Other metros like Detroit, MI, and St. Louis, MO, also present attractive deals with median home prices well below the national average. Both cities are undergoing growth, with price increases around 6-7%, yet remain affordable. This makes them ideal for buyers looking for housing markets with bargains under $300K.
For buyers, the best housing markets with bargains under $300K can still be found in metros across the U.S., like Rochester and Cleveland. These areas offer growth potential and affordability, making them ideal for those seeking value in today’s housing market. As Realtor.com reports, these cities balance price appreciation with budget-friendly options.
