50 Cities With the Most Homes Under $100K
Despite the U.S. being in the middle of a recession and a pandemic, home prices have been rising in recent months rather than falling. A major reason for this is a lack of inventory, with sellers not wanting to open up their homes to potential buyers amid the coronavirus crisis, Million Acres reported. There’s also an increase in demand, with many people looking to relocate or move to a bigger home as they adjust to a new norm of working remotely.
GOBankingRates analyzed data from Realtor.com to determine the top 50 cities with homes priced under $100,000. Locations in Ohio and Texas were particularly affordable, but the top spot on the list is in a Midwestern state. And if you’re stuck on big-city living, you’ll be happy to know that many major metropolitan areas made the cut. Despite rising home prices, these cities still offer some of the cheapest places to buy a home in the U.S.
Last updated: Oct. 21, 2020
50. Greensboro, North Carolina
Total active listings: 1,028
Active listings under $100,000: 174
Percentage of listings under $100,000: 16.93%
49. Mesa, Arizona
Total active listings: 1,904
Active listings under $100,000: 174
Percentage of listings under $100,000: 9.14%
48. Rochester, New York
Total active listings: 567
Active listings under $100,000: 179
Percentage of listings under $100,000: 31.57%
47. Fort Worth, Texas
Total active listings: 5,602
Active listings under $100,000: 181
Percentage of listings under $100,000: 3.23%
46. Los Angeles
Total active listings: 10,889
Active listings under $100,000: 190
Percentage of listings under $100,000: 1.74%
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45. Laredo, Texas
Total active listings: 844
Active listings under $100,000: 198
Percentage of listings under $100,000: 23.46%
44. Columbus, Georgia
Total active listings: 516
Active listings under $100,000: 203
Percentage of listings under $100,000: 39.34%
43. St. Petersburg, Florida
Total active listings: 2,143
Active listings under $100,000: 246
Percentage of listings under $100,000: 11.48%
42. Augusta, Georgia
Total active listings: 876
Active listings under $100,000: 255
Percentage of listings under $100,000: 29.11%
41. Tampa, Florida
Total active listings: 4,243
Active listings under $100,000: 262
Percentage of listings under $100,000: 6.17%
40. Winston-Salem, North Carolina
Total active listings: 1,074
Active listings under $100,000: 272
Percentage of listings under $100,000: 25.33%
39. Albuquerque
Total active listings: 3,100
Active listings under $100,000: 272
Percentage of listings under $100,000: 8.77%
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38. Pittsburgh
Total active listings: 1,908
Active listings under $100,000: 281
Percentage of listings under $100,000: 14.73%
37. Columbus, Ohio
Total active listings: 2,891
Active listings under $100,000: 285
Percentage of listings under $100,000: 9.86%
36. Dallas
Total active listings: 5,354
Active listings under $100,000: 301
Percentage of listings under $100,000: 5.62%
35. Amarillo, Texas
Total active listings: 1,367
Active listings under $100,000: 308
Percentage of listings under $100,000: 22.53%
34. Tulsa, Oklahoma
Total active listings: 2,116
Active listings under $100,000: 320
Percentage of listings under $100,000: 15.12%
33. Fort Wayne, Indiana
Total active listings: 782
Active listings under $100,000: 322
Percentage of listings under $100,000: 41.18%
32. Corpus Christi, Texas
Total active listings: 2,010
Active listings under $100,000: 337
Percentage of listings under $100,000: 16.77%
31. Fayetteville, North Carolina
Total active listings: 1,504
Active listings under $100,000: 341
Percentage of listings under $100,000: 22.67%
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30. Cincinnati
Total active listings: 1,651
Active listings under $100,000: 342
Percentage of listings under $100,000: 20.71%
29. Baton Rouge, Louisiana
Total active listings: 2,720
Active listings under $100,000: 352
Percentage of listings under $100,000: 12.94%
28. New Orleans
Total active listings: 2,929
Active listings under $100,000: 400
Percentage of listings under $100,000: 13.66%
27. Little Rock, Arkansas
Total active listings: 1,404
Active listings under $100,000: 406
Percentage of listings under $100,000: 28.92%
26. Omaha, Nebraska
Total active listings: 2,820
Active listings under $100,000: 415
Percentage of listings under $100,000: 14.72%
25. Tucson, Arizona
Total active listings: 3,987
Active listings under $100,000: 437
Percentage of listings under $100,000: 10.96%
24. Kansas City, Missouri
Total active listings: 2,875
Active listings under $100,000: 454
Percentage of listings under $100,000: 15.79%
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23. Wichita, Kansas
Total active listings: 1,781
Active listings under $100,000: 455
Percentage of listings under $100,000: 25.55%
22. Montgomery, Alabama
Total active listings: 1,408
Active listings under $100,000: 467
Percentage of listings under $100,000: 33.17%
21. Milwaukee
Total active listings: 1,677
Active listings under $100,000: 479
Percentage of listings under $100,000: 28.56%
20. Orlando, Florida
Total active listings: 5,171
Active listings under $100,000: 481
Percentage of listings under $100,000: 9.30%
19. Atlanta
Total active listings: 7,286
Active listings under $100,000: 492
Percentage of listings under $100,000: 6.75%
18. Oklahoma City
Total active listings: 4,593
Active listings under $100,000: 493
Percentage of listings under $100,000: 10.73%
17. Buffalo, New York
Total active listings: 1,342
Active listings under $100,000: 500
Percentage of listings under $100,000: 37.26%
16. Akron, Ohio
Total active listings: 990
Active listings under $100,000: 501
Percentage of listings under $100,000: 50.61%
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15. Toledo, Ohio
Total active listings: 1,048
Active listings under $100,000: 507
Percentage of listings under $100,000: 48.38%
14. San Antonio
Total active listings: 10,933
Active listings under $100,000: 519
Percentage of listings under $100,000: 4.75%
13. Birmingham, Alabama
Total active listings: 1,560
Active listings under $100,000: 547
Percentage of listings under $100,000: 35.06%
12. Lincoln, Nebraska
Total active listings: 1,853
Active listings under $100,000: 557
Percentage of listings under $100,000: 30.06%
11. Baltimore
Total active listings: 3,000
Active listings under $100,000: 557
Percentage of listings under $100,000: 18.57%
10. Louisville, Kentucky
Total active listings: 3,769
Active listings under $100,000: 568
Percentage of listings under $100,000: 15.07%
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9. Jacksonville, Florida
Total active listings: 6,499
Active listings under $100,000: 726
Percentage of listings under $100,000: 11.17%
8. Cleveland
Total active listings: 1,501
Active listings under $100,000: 755
Percentage of listings under $100,000: 50.30%
7. St. Louis
Total active listings: 3,398
Active listings under $100,000: 819
Percentage of listings under $100,000: 24.10%
6. Memphis, Tennessee
Total active listings: 2,211
Active listings under $100,000: 920
Percentage of listings under $100,000: 41.61%
5. Indianapolis
Total active listings: 4,444
Active listings under $100,000: 956
Percentage of listings under $100,000: 21.51%
4. Philadelphia
Total active listings: 6,527
Active listings under $100,000: 1,167
Percentage of listings under $100,000: 17.88%
3. Houston
Total active listings: 16,531
Active listings under $100,000: 1,258
Percentage of listings under $100,000: 7.61%
2. Detroit
Total active listings: 2,185
Active listings under $100,000: 1,484
Percentage of listings under $100,000: 67.92%
1. Chicago
Total active listings: 17,392
Active listings under $100,000: 1,674
Percentage of listings under $100,000: 9.63%
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Methodology: To find the 50 cities with the most homes under $100,000, GOBankingRates looked at the 125 most populous U.S. cities, as sourced from the 2018 American Community Survey conducted by the United States Census Bureau. Once these 125 cities were selected, GOBankingRates found the following factors for each city: (1) total active listings; (2) active listings under $100,000; and (3) percentage of listings under $100,000, all sourced from Realtor.com. Those cities with the highest value for factor (2) were included in the final rankings. All data was collected on and is up to date as of Aug. 10, 2020.
This article originally appeared on GOBankingRates.com: 50 Cities With the Most Homes Under $100K
