{"id":100602,"date":"2025-05-13T08:00:56","date_gmt":"2025-05-13T15:00:56","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=100602"},"modified":"2025-05-12T14:05:39","modified_gmt":"2025-05-12T21:05:39","slug":"metros-where-you-can-buy-a-home-for-under-300k","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/cities-where-you-can-buy-a-home-for-under-300k\/","title":{"rendered":"10 Places Where You Can Still Buy a Home for Under $300K"},"content":{"rendered":"

Housing costs are still climbing, but in these metros, ownership is still within reach<\/span><\/h3>\n

Housing is more expensive than it\u2019s ever been. A <\/span>chronic housing shortage<\/span><\/a> and high mortgage rates have pushed monthly costs to a <\/span>record<\/span><\/a> $2,819, making renting <\/span>cheaper<\/span><\/a> than buying in every major U.S. metro. House prices have also risen for nearly two years straight, and are 92% higher than a decade ago ($225,000 in 2015 vs. <\/span>$431,000 today<\/span><\/a>).\u00a0<\/span><\/p>\n

These expenses have had consequences. For example, <\/span>more people<\/span><\/a> are getting priced out of ownership, and <\/span>40% of renters<\/span><\/a> believe they\u2019ll never own a home. A <\/span>turbulent economy<\/span><\/a> \u2013 namely inflation and recession fears \u2013 has experts worried that affordability <\/span>could drop further<\/span><\/a>.<\/span><\/p>\n

Still, there\u2019s hope. In nearly 20 of the largest U.S. metros, you can still buy a house for under $300,000. Many of them are even affordable for residents earning the local median income.\u00a0<\/span><\/p>\n

To help buyers looking for an affordable home, we\u2019ve ranked 10 metros where buying is still within reach, from least to most expensive. We\u2019ll also show how their home prices have changed over the past decade.<\/span><\/p>\n

10 metros where you can still buy a home for under $300k<\/b><\/h2>\n