The report from Realtor.com indicates that seven metropolitan areas in the US have median home prices below $300,000, offering a ray of hope for cash-strapped buyers. These cities span across various regions with increased listings compared to the previous year.
Although all seven cities showed price growth over the past year, the low initial prices and expanding inventory in these areas still make them attractive options for budget-conscious buyers seeking affordable homes.
Homebuyers can find great bargains in cities like Birmingham, AL, which experienced a 4% annual price increase reaching $290,000, and Rochester, NY, with a median price of $277,000 and an 8.7% price rise, despite a decrease in inventory.
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