Looking for a home under $300,000? Try these 10 metro areas.

"Home sale prices across the country have actually decreased since their peak in 2022, according to data from the US Department of Housing and Urban Development. However, home prices still remain unaffordable for many. During the second quarter of 2020, the median sales price for a home was $317,100. Fast forward to that same timeframe in 2023, and the price jumped to $418,500. As of 2025, the amount has decreased slightly to $410,800."

"Some areas continue to see increases in price, like Miami Beach's Fisher Island neighborhood, where the median listing price for a home is $11,925,000. One region that's becoming more desirable is the Midwest. With household incomes not far off from home listing prices, there are many affordable options available below the national median of $424,200. Realtor.com highlighted the 10 most desirable metros with homes under $300,000, and a large majority of them are Midwestern cities."

Home sale prices have softened from a 2022 peak but remain out of reach for many buyers. Median sales price rose from $317,100 in Q2 2020 to $418,500 in Q2 2023, then eased to $410,800 by 2025. Luxury pockets like Miami Beach's Fisher Island show extreme listing prices, while demand cooled in parts of the Sun Belt. The Midwest is gaining appeal because household incomes are closer to listing prices, producing many options below the national median of $424,200. Ten metros with median listings under $300,000 are concentrated largely in Midwestern locations.

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