With the housing supply low and demand high, some buyers have been priced out of the market that they’d been eyeing. Moving to a new city, or moving back to their hometown, could be the best option for those buyers.
If that sounds like you and you are open to relocating, take a look at these ten cities where the home prices are the most affordable in 2022, according to Realtor.com. Here’s an interesting fact: almost all of them are in Ohio.
Across the country, the median price of a home is currently approximately $350,300.
Northeast Ohio is where you’ll find Youngstown, the city with the lowest median home listing price in the country. According to the 2020 US Census, the population is 60,068, with 42.1% identifying as non-Hispanic Black, 40.4% as non-Hispanic White, 11.4% as Hispanic or Latino, 5.5% as mixed or other, and less than 1% of other populations.
Youngstown is a small town by many people’s standards, but it’s the largest city in Mahoning County. It’s located not far from the foothills of the Appalachian Mountains. Historically, it was a steel town known for its entrepreneurial spirit.
Youngstown has its own symphony orchestra, a community theater, and museums such as the Butler Institute of American Art. Youngstown State University is the city’s largest employer and is located north of downtown. It’s also home to the Youngstown Business Incubator, which has helped several start-ups become grow to success.
The median listing price of homes in Youngstown is $115,000.
Three hours west of Youngstown, you’ll find Toledo, Ohio, the city in the United States with the second-lowest median home listing price. But what else will you find in Toledo?
The city’s population is estimated to be 270,871, with approximately 62% of the residents identifying as white and 27% of residents identifying as Black. Toledo is located on the railway line between New York City and Chicago, which was a major factor in its growth.
When it comes to arts, culture, and sports, there’s plenty to do and see in Toledo. The city is home to the Toledo Jazz Orchestra, the Toledo Ballet, and the beautiful Toledo Museum of Art.
Sports fans can catch a race at the Toledo Speedway, watch the minor league baseball team the Toledo Mud Hens play, go golfing, watch hockey, or follow the Toledo Villa FC semi-professional soccer team.
The median listing price of homes in Toledo is $128,400.
Read More: Our Guide to FHA Home Loans for Homebuyers
Drive about two hours east of Toledo, and you’ll find Akron, Ohio, the third most affordable city for buying a home in 2022. Akron is smaller than Toledo population-wise. The city was once known as the Rubber Capital of the World because it was a center of tire manufacturing.
Nowadays, Akron has a population of less than 200,000, and demographically it is similar to Toledo. Akron is a hub of healthcare, as three of its largest employers are the Summa Health System, the Akron Children’s Hospital, and Cleveland Clinic-Akron General.
The University of Akron is another major employer, and the university’s its basketball and soccer teams have been successful at the Division I level. If you’re a fan of college sports, Akron may be a great place to move!
The median listing price of homes in Akron is $147,450.
Looking for the amenities of a bigger city and affordable home prices? Cleveland, Ohio, has both. Cleveland is the largest city on Lake Erie, and it was founded near the mouth of the Cuyahoga River. It’s connected to the Atlantic Ocean by the Saint Lawrence Seaway.
As a port city, Cleveland thrived in many different sectors, but by the 1960s it started to decline. Starting in the 1980s, the city gradually recovered and is now known as a center for healthcare and the arts.
The theater scene is fantastic in Cleveland. The city’s Playhouse Square is the second-largest performing arts center in the United States with several different theaters. Music lovers, check out the Cleveland Orchestra as well as the Tri-C Jazz Fest.
The median listing price of homes in Cleveland is $169,450.
You read that right, fans of The Office. This small town is one of the most affordable cities in the country to buy a home. And with a population of approximately 76,328, the city really is a small town – but it’s only 120 miles away from both Philadelphia and New York City.
While the town may be small, there’s still plenty to do. Visit the Steamtown National Historic Site, the Electric City Trolley Museum, or the Lackawanna Coal Mine tour to learn about the city’s history.
Sports fans, take your pick of minor league baseball, minor league football, the Scranton Shamrocks basketball team, semi-professional soccer, or professional ice hockey.
The median listing price of homes in Scranton is $182,400.
Syracuse, New York
When you think of affordable places to buy a home, New York might not be at the top of your list. But Syracuse, New York, has the sixth-lowest median home listing price in the country.
The city is home to four colleges: Syracuse University, SUNY Upstate Medical University, SUNY College of Environmental Science and Forestry, and Le Moyne College. Two of these colleges – SUNY Upstate Medical University and Syracuse University – rank among the region’s top employers.
When it comes to culture and sports, you won’t be lacking in options. There’s a jazz fest, a string quartet, and a symphony orchestra to choose from, as well as baseball, ice hockey, soccer, and basketball teams to watch.
The median listing price of homes in Syracuse is $184,900.
The second-largest city in Pennsylvania is also the seventh-most affordable city in which to buy a home in 2022. This impressive location has a population of approximately 302,971 in the city proper.
Pittsburgh played an important role throughout history. As such, there are plenty of fantastic museums to visit, such as the Andy Warhol Museum, the Children’s Museum of Pittsburgh, The Carnegie Institute’s Museums of Art and Natural History, and many more.
After you’re finished at the museum, visit one of Pittsburgh’s fantastic restaurants. Pierogis, kielbasa, chipped ham sandwiches, and Klondike bars are all Pittsburg specialties.
The median listing price of homes in Pittsburgh is $197,000.
Head back to Ohio to find the city with the eighth-lowest median home listing price. Dayton is home to approximately 137,644 residents, but the Greater Dayton population is estimated to be around 814,049.
The largest industries in Dayton include manufacturing, supplying, shipping, aeronautics, defense, and healthcare. The Wright-Patterson Air Force Base is an important part of the Dayton community. It’s named after the Wright brothers, who built their plane (that they flew at Kitty Hawk) in Dayton.
If you love to bike, Dayton’s a great place for cyclists. The Five Rivers MetroParks hosts 340 miles of paved off-street trails. If art’s more your thing, you’ll enjoy performances from the Dayton Ballet and the Dayton Contemporary Dance Company.
The median listing price of homes in Dayton is $197,450.
Buffalo, New York
Go back east to Buffalo to find the ninth-most affordable city in which to buy a home. Like Syracuse, Buffalo is a great option for anyone who wants to live in Upstate New York.
In 2015, the National Geographic Society ranked Buffalo number three on its World Top Ten Food Cities list. It’s the birthplace of buffalo wings, so if you end up in the city, you’ll have access to some of the best buffalo wings in the country. Also, there are over 600 pizzerias in the Buffalo area. For late-night adventure hunters, the city’s last call is at 4 AM.
For those who prefer daytime adventure, there are fantastic art galleries and sports teams to watch in Buffalo. Of course, the city is home to the Buffalo Bills, but it’s also home to two ice hockey teams, a lacrosse team, and a baseball team as well.
The median listing price of homes in Buffalo is $199,450.
Last but not least, Detroit squeaks in at number ten on the list of cities that are affordable places to buy a home. Detroit is famous for many reasons, including its historical status as the capital of the auto industry and as a home of both Motown and techno.
These days, Detroit has a lot to offer. Go to the Detroit International Jazz Festival, the Detroit Electronic Music Festival, or both. Of course, sports fans won’t be disappointed, as the city is home to professional teams such as the Detroit Tigers, the Detroit Lions, and the Detroit Red Wings.
The median listing price in Detroit, Michigan, is $200,000.
Buying a home is a major investment. If you can work remotely, or if you’re open to relocating, give these cities a chance as a place to call home. You might be surprised by what you discover!