--- title: The 10 Cities Where It's Easiest to Find a Home Under $200,000 description: In a new study, Detroit, Pittsburgh and Cleveland top the list of U.S. housing markets with the most home listings priced under $200,000. authors: - name: Leslie Cook role: Editor, Real Estate url: https://money.com/author/leslie-cook/ bio: Leslie Cook is Money’s lead real estate editor covering trends in the housing market, mortgage rates and real estate. She also writes about home renovation trends and tips. education: Bryn Mawr College, BA History certifications: Certified Personal Finance Counselor at_money_since: 2019 articles: 798 covers: - Housing - Banking - Credit - Economy and Politics - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Taxes social: - https://twitter.com/LeslieLCook - https://www.linkedin.com/in/leslie-cook-9829b9198/ editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-02-09T17:50:29.000Z' modified: '2023-06-23T20:04:29.000Z' section: Housing tags: - News word_count: 397 canonical: https://money.com/cities-most-home-listings-under-200000/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Detroit Aerial Panorama](https://img.money.com/2023/02/News-homes-under-200k.jpg) *Detroit, Michigan* Even with [falling home prices](https://money.com/where-home-values-are-falling-zillow/) in recent months, the national median cost of a house is still up around $400,000. But potential buyers stressed out by the [lack of affordability](https://money.com/home-prices-need-to-fall-affordable/) in the [housing market](https://money.com/housing-market-2023-expert-predictions/) can still find homes priced under $200,000 — they just need to know where to look. ## Take the first step to buying a new home today ### Mortgage Experts at Rocket Mortgage (NMLS #3030) are available to get you started on your home-buying journey with solid advice and priceless information. To find out more, click on your state today. [View Rates](https://money.com/pr/te0e3daa0c3f?ap_referrer=%2Fcities-most-home-listings-under-200000%2F) ## What the research says To find the housing markets with the most affordable homes, [Realtor.com](https://www.realtor.com/news/trends/homes-for-less-than-200k-here-are-the-u-s-cities-where-you-can-find-the-most/) analyzed listing data for the top 100 metros in the country, looking for those with both the highest number and the highest percentage of listings under $200,000. The two data points were then averaged together to determine the ranking order. - Most of the cities on the list are located in the middle of the country and are traditionally more affordable housing markets compared to coastal cities. - The typical monthly payment on a $200,000 home, making a down payment of 10% and not including insurance, HOA fees and taxes, is $1,200 — much lower than the average monthly payment of around $1,900. ## Cities with most home listings under $200,000 1. Detroit, Michigan: 3,296 listings under $200,000 2. Pittsburgh, Pennsylvania: 2,026 listings under $200,000 3. Cleveland, Ohio: 1,598 listings under $200,000 4. St. Louis, Missouri: 1,622 listings under $200,000 5. Baltimore, Maryland: 1,202 listings under $200,000 6. Birmingham, Alabama: 873 listings under $200,000 7. Chicago, Illinois: 3,662 listings under $200,000 8. Memphis, Tennessee: 711 listings under $200,000 9. Indianapolis, Indiana: 879 listings under $200,000 10. Rochester, New York: 923 listings under $200,000 ## Want to get closer to the home of your dreams? ### You could talk to a Rocket Mortgage (NMLS #3030) expert today to explore your options. Click here to get started! [View Rates](https://money.com/pr/uecc561c51a9?ap_referrer=%2Fcities-most-home-listings-under-200000%2F) ## Keep in mind There are a number of reasons why a home might be priced low, and just because a house is listed at a cheap price does not mean it's a good value. It's essential to research the neighborhood where a listing is located to see how that home compares to others in the area. The age and condition of the home are key factors as well when you're looking to [buy a house](https://money.com/how-to-buy-a-house/). - Some of the more affordable homes in these cities may be old and need a lot of repairs or may be located in aging neighborhoods that still haven’t been revamped. - You may find houses that have been renovated but are located in up-and-coming neighborhoods that may have a mix of older and newer homes. ## Buying a home doesn't have to be hard. Let Rocket Mortgage experts guide your every step. ### Consulting with a mortgage expert is a smart way to get all the facts and make a well-informed decision. Click below and book it now. 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