Here are American cities where buyers can still get a house for $ 300K – or less

The remembered market of 2019 real estate remembered with love exists if you know where to look.

Before Pandemia Covid-19 shook the country’s housing markets, the average sale prices below $ 300,000 were national rates. However, the typical US house costs buyers more than $ 400,000.

While home ownership feels possible for many Americans, saved buyers need to check these cities for the most affordable options.

More than 140 countries across the US boast average ranking prices of $ 300,000 or less, including more than a metros dozen, according to new Realtor.com data. Economists documented a high concentration of affordable buyers markets that still flourish in the south and Midwest.

While this is not happy news for the city’s New York or Boston residents, where high -density prices and high demands, buyers look at cities like Detroit are lucky.

Motor City topped the list of the most affordable meters with average ranking prices of $ 109,000. Detroit’s economy is leaves and boundaries ahead of the place where it was a decade, however the housing market remains underestimated. The typical homeowner in Detroit spends less than 20% of their revenue in housing expenses, according to the US news housing market index. The national average is more than 30%.

‘Some from these cities, such as Detroit or Baltimore, have passed challenging periods, – said Hannah Jones, a senior economic research analyst on Realtor.com. “However, investment and the latest growth have returned them to the map as attractive places, affordable to take roots.â €

Average prices below $ 200,000 can also be found in Birmingham, To and St. Louis, mo.

While the west coast did not score spots and the northeast barely appeared beyond Pennsylvania, the south closed strongly affordable at the Realtor.com meeting. More than a dozen southern metros scored $ 300,000, including Memfis, TN with $ 218,200 and Oklahoma City with $ 285,855.

Large cities like Baltimore, Indianapolis, Pittsburgh and Memfis also made the list below $ 300,000.

The possibility of affordability can even be found in popular metros in Florida and Texas.

In Florida, the average sales prices in Clearwater, Jacksonville and Ocala came just less than $ 300,000. The Sunshine state enjoyed a real estate boom over the past few years, but the latest slow sales indicate a new period of cooling. Texas buyers have to take a look at Lubbock, El Paso and San Antonio to get the best noise for their turkey.

The inventory of housing in the two well-known countries has returned beyond pre-landmark levels, according to Realtor.com, helping to lower the list prices once in operation.

The housing market is still far from overcoming the country’s affordability gap, but slowing down sales trends – including the fact that sellers now exceed buyers for the first time in more than a decade –