Cities with the Cheapest Home Values

Homeownership remains more accessible in these cities, where median home values sit well below the national average. Many are in the Midwest and South, where land is plentiful and demand is more moderate. For first-time buyers or investors looking for entry points, these markets deserve a closer look.

# City Median Home Value Median Rent Median Income Rent-to-Income Population
1 Flint, MI $47,600 $859 $36,194 28.5% 80,835
2 Saginaw, MI $54,000 $909 $37,298 29.2% 43,879
3 Youngstown, OH $58,400 $718 $34,746 24.8% 59,605
4 Inkster, MI $75,700 $1,127 $39,632 34.1% 25,602
5 Detroit, MI $76,800 $1,034 $39,575 31.4% 636,644
6 Danville, IL $76,800 $809 $44,239 21.9% 28,663
7 Jamestown, NY $79,100 $755 $44,878 20.2% 28,401
8 Warren, OH $80,100 $759 $36,955 24.6% 39,057
9 Marion, IN $83,200 $760 $43,349 21% 27,384
10 Gary, IN $85,300 $975 $37,380 31.3% 68,604
11 Chester, PA $85,400 $1,080 $39,809 32.6% 33,209
12 Pine Bluff, AR $86,400 $831 $41,250 24.2% 40,436
13 Elmira, NY $88,200 $871 $43,089 24.3% 26,349
14 Galesburg, IL $89,800 $719 $45,213 19.1% 29,653
15 Bay City, MI $89,900 $739 $47,904 18.5% 32,445
16 Muncie, IN $92,000 $867 $43,395 24% 64,739
17 East Chicago, IN $92,400 $820 $41,071 24% 26,158
18 Ottumwa, IA $92,400 $956 $56,994 20.1% 25,352
19 Dayton, OH $93,200 $866 $43,454 23.9% 136,741
20 Cleveland, OH $94,100 $894 $39,187 27.4% 367,523
21 Canton, OH $94,400 $826 $39,754 24.9% 70,105
22 Jackson, MI $94,700 $874 $42,848 24.5% 31,206
23 Lima, OH $95,900 $865 $43,370 23.9% 35,304
24 Port Arthur, TX $96,900 $996 $45,752 26.1% 55,779
25 Decatur, IL $97,300 $796 $50,809 18.8% 70,368
26 Alton, IL $99,500 $948 $53,005 21.5% 25,430
27 Granite City, IL $99,800 $761 $60,490 15.1% 26,670
28 Garfield Heights, OH $100,000 $1,085 $52,006 25% 29,369
29 Camden, NJ $100,400 $1,157 $40,450 34.3% 71,471
30 Meridian, MS $100,800 $865 $34,657 30% 34,466
31 Greenville, MS $100,800 $824 $36,297 27.2% 28,833
32 Gadsden, AL $101,900 $787 $38,699 24.4% 33,617
33 York, PA $103,100 $958 $47,115 24.4% 44,830
34 Anderson, IN $104,300 $909 $47,221 23.1% 54,930
35 Niagara Falls, NY $104,400 $784 $48,535 19.4% 48,198
36 Marion, OH $105,900 $848 $45,829 22.2% 35,771
37 Toledo, OH $107,000 $880 $47,532 22.2% 268,461
38 Springfield, OH $107,600 $805 $45,883 21.1% 58,410
39 Richmond, IN $107,600 $815 $46,395 21.1% 35,551
40 Wilkes-Barre, PA $108,000 $939 $47,970 23.5% 44,217
41 Jackson, MS $108,200 $1,018 $43,238 28.3% 149,827
42 Erie, PA $108,200 $836 $43,397 23.1% 94,156
43 Terre Haute, IN $109,500 $877 $41,960 25.1% 58,491
44 Reading, PA $109,800 $1,018 $45,599 26.8% 94,836
45 Danville, VA $110,200 $808 $42,778 22.7% 42,239
46 Pontiac, MI $110,600 $1,007 $42,791 28.2% 61,914
47 Mansfield, OH $110,600 $768 $42,605 21.6% 47,686
48 Akron, OH $111,200 $930 $48,544 23% 189,526
49 Pharr, TX $111,500 $990 $49,884 23.8% 79,809
50 Altoona, PA $113,600 $789 $50,171 18.9% 43,508

Key Takeaways

  • Flint, MI ranks #1 with median home value of $47,600.
  • The top 5 cities are: Flint, MI; Saginaw, MI; Youngstown, OH; Inkster, MI; Detroit, MI.
  • The gap between #1 ($47,600) and #50 ($113,600) shows significant variation even within the top 50.
  • Median household income in the top-ranked city is $36,194, with a population of 80,835.

Methodology

Rankings based on US Census Bureau American Community Survey 5-Year Estimates. All cities with valid data and populations above 25,000 are included. Rent-to-income ratio is calculated as (median gross rent x 12) / median household income. Data reflects the most recent available estimates.

Read our full methodologyVerify at data.census.gov