Least Expensive Metros To Buy A Home

Across the country, the demand for housing is increasing, driving housing prices to exorbitant levels in many metro markets. The housing shortage has been a major problem across the U.S. since the start of the COVID-19 pandemic.

According to Realtor.com, sellers are also implementing the strategy of reducing listing prices to lure buyers in some parts of the country. Price reductions are also growing in all but one of the 50 largest metro areas.

1. Champaign, Illinois

– Median listing price: $179,950 – Change from a year ago: -4.0% Champaign has been best known nationally and to Chicagoans as a college town anchored by the University of Illinois campus.

– Median listing price: $176,450 – Change from a year ago: 17.7% Davenport was founded along the Mississippi River in the 1830s. Today, Davenport's historic hotels are an anchor for tourism in the Quad Cities area of Illinois and Iowa.

2. Davenport, Iowa

3. Canton, Ohio

– Median listing price: $174,950 – Change from a year ago: -9.7% Canton is home to the MAPS Air Museum, but its best known tourist attraction is the Pro Football Hall of Fame.

– Median listing price: $169,900 – Change from a year ago: -2.9% Toledo is currently considered an affordable area with many homes below market prices compared to other cities in the country.

4. Toledo, Ohio

5. Saginaw, Michigan

– Median listing price: $164,900 – Change from a year ago: 15.8% With its walkable streets, a wide array of parks, and a low cost of living, Saginaw may be an appealing location for first-time homebuyers.

Swipe Up

for more finance, business, and real estate advice

Read More

Top 10 Countdown of the Most Expensive NFTS of All

What The 10 Largest Retailers Pay Their Worker