The 10 most affordable housing markets in the US

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City of Huntington-Current Information/Facebook

Buying a four-bedroom home and living in a major city are often considered mutually exclusive. But they don’t have to be.

Coldwell Banker recently released its annual Home Listing Report, which tracks the most affordable real estate markets in the US. Each of the top 10 are either in major cities or within commuting distance of a major metropolis, including Detroit and Cleveland at No. 1 and No. 2, respectively.

To determine the most affordable cities, Coldwell Banker analyzed the average listing price of more than 50,000 four-bedroom, two-bathroom homes for the period between January 2016 and June 2016. The ranking covered 2,168 markets across the US, excluding any with fewer than 10 listings.

In Detroit, a four-bed, two-bathroom house only costs around $64,110. And despite the city’s notorious decline – which led to it ultimately filing for bankruptcy in 2013 – it’s on an upswing. Detroit’s small business scene is booming, creating jobs and revitalizing the town.

Keep reading for the cheapest places to purchase a home in the US.


10. Palatka, Florida

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Google Maps

Population: 10,390

Average cost of a 4-bedroom, 2-bathroom house: $110,655

Median household income: $21,864


9. Augusta, Georgia

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Shutterstock

Population: 197,182

Average cost of a 4-bedroom, 2-bathroom house: $106,567

Median household income: $37,593


8. Huntington, Indiana

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City of Huntington-Current Information/Facebook

Population: 17,095

Average cost of a 4-bedroom, 2-bathroom house: $105,614

Median household income: $39,542


7. Scranton, Pennsylvania

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Jon Bilous/Shutterstock

Population: 77,118

Average cost of a 4-bedroom, 2-bathroom house: $104,842

Median household income: $37,551


6. Wilkes-Barre, Pennsylvania

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Google Maps

Population: 40,780

Average cost of a 4-bedroom, 2-bathroom house: $94,436

Median household income: $31,361


5. Utica, New York

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Utica, New York/Facebook

Population: 61,100

Average cost of a 4-bedroom, 2-bathroom house: $92,891

Median household income: $31,173


4. Jamestown, New York

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Shutterstock

Population: 30,075

Average cost of a 4-bedroom, 2-bathroom house: $88,891

Median household income: $31,128


3. Park Forest, Illinois

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Google Street View / SA GOULD

Population: 21,954

Average cost of a 4-bedroom, 2-bathroom house: $78,392

Median household income: $48,319


2. Cleveland

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Wikimedia/Chris Gent

Population: 388,071

Average cost of a 4-bedroom, 2-bathroom house: $73,073

Median household income: $26,179


1. Detroit

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Rebecca Cook/Reuters

Population: 677,116

Average cost of a 4-bedroom, 2-bathroom house: $64,110

Median household income: $26,095