Where You Can Still Snag Homes for $100K or Less

Home prices are surging by double-digit percentages annually, but deals can still be found in pockets throughout the country.

Realtor.com®’s research team recently conducted a study to find out where. They searched listings in 150 of the largest metro areas to find which ones had the most homes for sale at $100,000 or less. That is significantly lower than the national median asking price, which was $340,000 in December, according to realtor.com® data. “Homes that are $100,000 or less aren’t exactly common,” says Danielle Hale, realtor.com®’s chief economist.

The following is realtor.com®’s list of the seven markets with the most listings for $100,000 or lower. Only one metro per state was included for geographic diversity. The metros reflected include the city and surrounding towns, suburbs, and smaller urban areas.

1. Detroit

• Median home list price: $251,550
• Number of homes listed at $100,000 or less: 1,070

2. St. Louis

• Median home list price: $231,500
• Number of homes listed at $100,000 or less: 916

3. Pittsburgh

• Median home list price: $239,500
• Number of homes listed at $100,000 or less: 659

4. Chicago

• Median home list price: $327,025
• Number of homes listed at $100,000 or less: 506

5. Davenport, Iowa

• Median home list price: $149,950
• Number of homes listed at $100,000 or less: 499

6. Cleveland

• Median home list price: $197,000
• Number of homes listed at $100,000 or less: 462

7. Birmingham, Ala.

• Median home list price: $256,800
• Number of homes listed at $100,000 or less: 386

Source: Realtor Magazine, “What Rising Home Prices? Where You Can Find the Most Homes Priced at $100K or Less,” realtor.com® (Jan. 25, 2021)

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