In May 2022, history—the tragic kind—was made when the average price of a house in the U.S. hit $400,000. Never before have houses cost more, and, unfortunately, this record appears likely to be broken in the near future.
Americans might then be relieved to know that there are places in the country where they can become homeowners for a fraction of that mind-boggling price.
Whether house-hunters believe it or not, there are dozens of cities and towns where at least 25% of the housing inventory is below $100,000.
No, these aren’t ghost towns. A couple of well-known spots in New York make the cut, along with Elvis’ old haunt and LeBron James’ hometown.
So, if you’re looking for a roof above your family’s heads, take heart from this news. A lot in Little Rock might have your name on it.
To find out where you can buy a house for $100,000 or less, see the list below.
Gary, IN
Average house price: $80,000
Percentage of houses under $100,000: 57%
Flint, MI
Average house price: $85,000
Percentage of houses under $100,000: 73%
Detroit, MI
Average house price: $85,000
Percentage of houses under $100,000: 68%
Independence, KS
Average house price: $85,000
Percentage of houses under $100,000: 34%
Beckley, WV
Average house price: $90,600
Percentage of houses under $100,000: 45%
Decatur, IL
Average house price: $95,000
Percentage of houses under $100,000: 49%
Toledo, OH
Average house price: $109,300
Percentage of houses under $100,000: 48%
Albany, GA
Average house price: $110,300
Percentage of houses under $100,000: 63%
Lawton, OK
Average house price: $111,000
Percentage of houses under $100,000: 42%
Camden, NJ
Average house price: $112,000
Percentage of houses under $100,000: 51%
Rock Island, IL
Average house price: $112,450
Percentage of houses under $100,000: 47%
Pontiac, MI
Average house price: $115,000
Percentage of houses under $100,000: 44%
Cleveland, OH
Average house price: $124,000
Percentage of houses under $100,000: 50%
Springfield, OH
Average house price: $124,000
Percentage of houses under $100,000: 26%
Muncie, IN
Average house price: $124,200
Percentage of houses under $100,000: 66%
Rockford, IL
Average house price: $125,000
Percentage of houses under $100,000: 43%
Dayton, OH
Average house price: $125,000
Percentage of houses under $100,000: 33%
Terre Haute, IN
Average house price: $126,150
Percentage of houses under $100,000: 45%
Lorain, OH
Average house price: $127,000
Percentage of houses under $100,000: 37%
Anderson, IN
Average house price: $129,000
Percentage of houses under $100,000: 38%
Youngstown, OH
Average house price: $130,000
Percentage of houses under $100,000: 48%
Peoria, IL
Average house price: $130,000
Percentage of houses under $100,000: 45%
Kokomo, IN
Average house price: $131,000
Percentage of houses under $100,000: 37%
Montgomery, AL
Average house price: $131,900
Percentage of houses under $100,000: 36%
Akron, OH
Average house price: $138,500
Percentage of houses under $100,000: 38%
Lansing, MI
Average house price: $142,700
Percentage of houses under $100,000: 37%
Canton, OH
Average house price: $144,000
Percentage of houses under $100,000: 37%
Taylor, MI
Average house price: $145,500
Percentage of houses under $100,000: 28%
Columbus, GA
Average house price: $146,000
Percentage of houses under $100,000: 39%
Wichita Falls, TX
Average house price: $147,600
Percentage of houses under $100,000: 27%
Syracuse, NY
Average house price: $151,500
Percentage of houses under $100,000: 36%
Battle Creek, MI
Average house price: $155,000
Percentage of houses under $100,000: 30%
Port Arthur, TX
Average house price: $157,000
Percentage of houses under $100,000: 42%
Binghamton, NY
Average house price: $161,000
Percentage of houses under $100,000: 29%
Erie, PA
Average house price: $161,600
Percentage of houses under $100,000: 35%
Davenport, IA
Average house price: $162,000
Percentage of houses under $100,000: 34%
St. Joseph, MO
Average house price: $164,412
Percentage of houses under $100,000: 44%
Jackson, MS
Average house price: $165,000
Percentage of houses under $100,000: 45%
Augusta, GA
Average house price: $166,000
Percentage of houses under $100,000: 29%
Rochester, NY
Average house price: $176,000
Percentage of houses under $100,000: 32%
Milwaukee, WI
Average house price: $178,000
Percentage of houses under $100,000: 29%
Topeka, KS
Average house price: $185,000
Percentage of houses under $100,000: 43%
Fort Wayne, IN
Average house price: $202,800
Percentage of houses under $100,000: 41%
Elkhart, IN
Average house price: $204,000
Percentage of houses under $100,000: 32%
Memphis, TN
Average house price: $205,000
Percentage of houses under $100,000: 42%
Buffalo, NY
Average house price: $216,000
Percentage of houses under $100,000: 37%
Wichita, KS
Average house price: $224,000
Percentage of houses under $100,000: 26%
Little Rock, AR
Average house price: $240,000
Percentage of houses under $100,000: 29%
South Bend, IN
Average house price: $258,000
Percentage of houses under $100,000: 51%
Evansville, IN
Average house price: $260,000
Percentage of houses under $100,000: 52%
Birmingham, AL
Average house price: $260,000
Percentage of houses under $100,000: 35%
Lincoln, NE
Average house price: $265,000
Percentage of houses under $100,000: 30%
Winston-Salem, NC
Average house price: $270,000
Percentage of houses under $100,000: 25%
Just updated: 50+ Ways to Make Money (including 30+ work from home jobs)
More ways to make money:
FlexJobs – Find remote and flexible jobs in over 50 career fields from all over the world.
Swagbucks – Earn free gifts and cash-back rebates by searching the web, playing games, watching videos, shopping, and more.
Writers Work – Find freelance writing jobs and publish your articles, all while working from home.
Public.com – Get free stock just for signing up for this investment app.
Waterloo, IA
Average house price: $460,000
Percentage of houses under $100,000: 40%
Huntington, WV
Average house price: $495,000
Percentage of houses under $100,000: 42%
Ashland, KY
Average house price: $573,000
Percentage of houses under $100,000: 36%
Sources
Yahoo! Finance
Realtor.com
