Top 10 US Cities with Affordable Homes Under $200,000: Lauderdale Lakes, Akron, Cleveland, and More

Thursday, 13 June 2024Lauderdale Lakes, Florida, Florida United States of America

The number of homes for sale in the US priced under $200,000 has decreased from 50% to less than 25%.

Top 10 US Cities with Affordable Homes Under $200,000: Lauderdale Lakes, Akron, Cleveland, and More

In recent years, the number of homes for sale in the US priced under $200,000 has significantly decreased from around 50% to less than 25%. However, there are still cities where affordable housing can be found. According to Realtor.com's analysis of data from various sources, the following ten US cities offer a large number of homes under this price threshold: Lauderdale Lakes and Lauderhill in Florida, Akron and Cleveland in Ohio, Detroit in Michigan, Rockford in Illinois, Lansing in Michigan again, Albany in Georgia (not New York as mentioned erroneously), Niagara Falls in New York, and Rochester in New York.

Lauderdale Lakes and Lauderhill are suburbs of Fort Lauderdale that offer the most affordable homes. Approximately 85% of listings in Lauderdale Lakes are priced under $200,000, with a median home price of $149,00. Detroit also has over 64% of its listings priced below this amount.

Affordable housing is crucial for first-time buyers and retirees living on a fixed income. Cities like Akron and Cleveland in Ohio have become popular destinations due to their lower cost of living, with over 61% and 64% of listings priced under $200, respectively.

Albany, Georgia offers an even more significant discount compared to other cities. Housing is approximately 40% less expensive in Albany than in Atlanta. Detroit has also become a popular place for first-time investors due to the city's lower home prices.

Despite these affordable options, it is essential to note that the availability of homes under $200,000 may not last long as demand continues to grow and prices rise.

Confidence

80%

Doubts

Are there enough affordable homes to meet the demand?

Sources

99% The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as: (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20 A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand The top 10 cities with the most homes under $200,000 all share the same thing: baked-in affordability Business Insider Jordan Pandy, Sunday, 16 June 2024 13:11 Unique Points Affordable housing is becoming increasingly difficult to find in the US as the median home price increased nearly 50% from 2019 to 2024. Cities like Akron, Ohio, and Lansing, Michigan, still have plenty of homes under $200,000. No West Coast cities cracked the top ten due to the lack of affordable pockets in the region. For a lot of people looking to move into their first home, that $200,00 range has historically been the sweet spot. Detroit has become a popular place for first-time investors looking to break into the market thanks to the city’s lower home prices. Akron, Ohio, was named one of the 20 most attractive US cities for both homebuyers and investors looking for affordability based on 2023 summer data. Prices in many parts of Florida remain cheap even amid an ongoing wave of internal US migration to the Sunshine State. Accuracy The number of homes under $200,000 in the US has fallen dramatically from around 50% to less than 25% in recent years. Lauderdale Lakes and Lauderhill, suburbs of Fort Lauderdale, Florida offer the most affordable homes with a high percentage of listings under $200,00. Detroit has over 64% of its listings priced under $200,0 Deception (100%) None Found At Time Of Publication Fallacies (100%) None Found At Time Of Publication Bias (100%) None Found At Time Of Publication Site Conflicts Of Interest (100%) None Found At Time Of Publication Author Conflicts Of Interest (100%) None Found At Time Of Publication
87% The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as: (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20 A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand These 10 U.S. Cities Have the Most Homes Under $200K—but Maybe Not for Long www.realtor.com Evan Wyloge Thursday, 13 June 2024 10:00 Unique Points The number of homes under $200,00 in the US has decreased from around half to less than a quarter of sales in 2023. Lauderdale Lakes, FL has 85% of its listings priced under $200, Detroit has over 64% of its listings priced under $200, Albany, GA has a lower cost of living and housing is 40% less expensive than in Atlanta. Cleveland has over 61% of its listings priced under $200, Accuracy No Contradictions at Time Of Publication Deception (35%) The article provides a list of cities with the most affordable homes under $200,000. However, it does not disclose the sources for the data and figures used in the analysis. It is also not clear if these numbers are based on direct quotes from experts or are simply opinions from the author. Furthermore, while discussing current interest rates and their effect on monthly mortgage payments, it doesn't provide any specific source for these figures. Finding an affordable home in 2024 might sound like an exasperating exercise in futility. Fallacies (100%) None Found At Time Of Publication Bias (100%) None Found At Time Of Publication Site Conflicts Of Interest (100%) None Found At Time Of Publication Author Conflicts Of Interest (100%) None Found At Time Of Publication
99% The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as: (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20 A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand The 10 US cities that have the most homes under $200,000 - and the top two are a short drive to... Daily Mail Tilly Armstrong Saturday, 15 June 2024 12:19 Unique Points The number of homes for sale in the US for under $200,000 has fallen dramatically from 50% to less than 25% in recent years. Lauderdale Lakes and Lauderhill, suburbs of Fort Lauderdale, Florida offer the most affordable homes with 17 out of every 20 homes listed for less than $200,00. The median home price in Lauderdale Lakes is $149,0 Accuracy Lauderdale Lakes and Lauderhill, both suburbs of Fort Lauderdale, made the list with their housing supply being almost entirely condos. Detroit has become a popular place for first-time investors looking to break into the market thanks to the city’s lower home prices. Albany, GA has a lower cost of living and housing is 40% less expensive than in Atlanta. Deception (100%) None Found At Time Of Publication Fallacies (100%) None Found At Time Of Publication Bias (100%) None Found At Time Of Publication Site Conflicts Of Interest (100%) None Found At Time Of Publication Author Conflicts Of Interest (100%) None Found At Time Of Publication