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Josh Altman, former ‘Million Dollar Listing’ star and real estate agent, joins ‘Varney & Co.’ to stop soaring home write-offs, why buyers want turnkey properties and how skipping mortgage rate shopping is costing families thousands of dollars.
Reduced budget home buyers are are increasingly looking to markets where their dollars can stretch further.
Several attractive metro areas still offer median home prices below $300,000, well below the national median of $425,000. These areas offer more affordable paths to homeownership without sacrificing the lifestyle or amenities of big cities, according to at Realtor.com.
“In these markets, housing prices are more closely aligned with local incomes, allowing the typical household to afford a typical home for sale,” said Hannah Jones, senior economic research analyst at Realtor.com. “The existence of these affordable areas, however limited, offers encouraging news for buyers determined to purchase in one of the these regions“.
Here are the 10 most sought-after metropolises where buyers can still find prices under $300,000:
Muncie, Indiana
The “Buffalo Crossing” statue in Muncie, Indiana. (Getty Images)
Median list price: $184,900
Median household income: $56,828
Muncie, located about an hour away from Indianapolisis home to Ball State University and outdoor attractions including the 750-acre Prairie Creek Reservoir.
Toledo, Ohio
Median list price: $199,900
Median household income: $63,133
About 60 miles from Detroit, Toledo features a premier art scene anchored by the Toledo Museum of Art.
Battle Creek, Michigan
Median list price: $224,950
Median household income: $59,424
Battle Creek, located about two hours from Detroit and three hours from Chicago, was recently ranked the fifth best city in the United States for veterans, according to Realtor.com.
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Pittsburgh, Pennsylvania
A view of the Pittsburgh, Pennsylvania skyline. (Getty Images)
Median list price: $245,000
Median household income: $72,935
Located in western Pennsylvania, Pittsburgh is home to important professional sports teams – the Steelers, Penguins and Pirates – and has a strong technological presence.
Cleveland, Ohio
Median list price: $250,000
Median household income: $68,695
Along the southern shore of Lake Erie, Cleveland offers lakefront parks, as well as a growing culinary scene and arts community.
Scranton/Wilkes-Barre, Pennsylvania
Median list price: $260,000
Median household income: $63,615
About 100 miles from New York and Philadelphia, Scranton is home to breweries, historic theaters and is featured as the hometown of the fictional Dunder Mifflin company from the TV show “The Office.”
Buffalo/Cheektowaga, New York
Median list price: $259,900
Median household income: $71,055
Founded in 1832, Buffalo is two hours from Toronto and is home to more than half a dozen Frank Lloyd Wright designs, according to the Visit Buffalo website.
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Wichita, Kansas
A photo of a Wichita, Kansas neighborhood in the spring. (Getty Images)
Median list price: $285,000
Median household income: $70,286
Wichita features a notable culinary scene, including craft breweries and Kansas barbecue, as well as a large local theater and music community.
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Frankfort, Kentucky
Median list price: $285,000
Median household income: $71,983
Located along the Kentucky River and less than an hour from Louisville and Lexington, Frankfort is surrounded by rolling hills and walking trails.
St. Louis, Missouri
The Gateway Arch in St. Louis, Missouri. (Tom Gannam/Reuters)
Median list price: $291,990
Median household income: $79,869
St. Louis offers a growing startup community, places to hike, a thriving craft beer scene, and home to the iconic Gateway Arch.
