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The Cheapest Neighborhoods in the 30 Biggest US Cities

Ryan Conine / Shutterstock.com
Ryan Conine / Shutterstock.com

Big cities have more to offer, and people often pay a premium for those extra amenities, particularly in housing costs. This makes most big cities a stretch for many, and even out of reach, for others, financially. With housing prices remaining high, and mortgage interest rates not set to drop just yet, city life might just be a pipe dream for many.

Learn More: Barbara Corcoran Says, ‘Forget About Florida,’ Move Here for Cheap Homes
Read Next: Owe Money to the IRS? Most People Don’t Realize They Should Do This One Thing

While experts predict changes in the housing market over the next couple years, it’s unlikely housing will start to be cheap anytime soon. However, even within big cities there are affordable neighborhoods if you just know where to look. You might get lucky and find an affordable home and still enjoy the benefits of city life.

That’s the motivation behind a GOBankingRates study highlighting the neighborhoods in American metropolises that offer the most budget-friendly options for housing. Taking some of the largest cities in the country, the study identified three neighborhoods in each city where the cost of buying is lowest.

To determine these costs, GOBankingRates used Zillow’s rent index and home value index with 2023 data — both of which use weighted results from listings and sales data to give a more accurate reflection of the expected costs in a specific housing market. These areas might not be a magic bullet that allows you to buy a spacious home in one of America’s priciest cities, but they might remedy a difficult budget or offer a realistic cure for that long commute.

Check out these affordable neighborhoods in the biggest cities:

TheBronxNYC / Wikimedia Commons
TheBronxNYC / Wikimedia Commons

1. New York

  • Concourse

    • Average home value: $469,823.40

  • Parkchester

    • Average home value: $471,199.47

  • Highbridge

    • Average home value: $477,818

For You: 10 Things Frugal People Always Do When They First Buy a House
Find Out: Housing Market 2024: Zillow Predicts 5 Hottest Home Trends That Homebuyers Will Be Looking For

Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief.

trekandshoot / Shutterstock.com
trekandshoot / Shutterstock.com

2. Los Angeles

  • Watts

    • Average home value: $549,643.89

  • Southeast Los Angeles

    • Average home value: $580,692.45

  • Central City

    • Average home value: $603,572.22

Try This: 5 Types of Homes That Will Plummet in Value in 2024

stevegeer / Getty Images/iStockphoto
stevegeer / Getty Images/iStockphoto

3. Chicago

  • Golden Gate

    • Average home value: $68,578.61

  • Riverdale

    • Average home value: $72,626.32

  • Eden Green

    • Average home value: $73,474.70

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

4. Houston

  • South Park

    • Average home value: $148,093.36

  • Harrisburg – Manchester

    • Average home value: $150,887.85

  • Clinton Park Tri-Community 

    • Average home value: $154,391.80

Pgiam / Getty Images/iStockphoto
Pgiam / Getty Images/iStockphoto

5. Phoenix

  • Maryvale

    • Average home value: $333,400.14

  • Estrella

    • Average home value: $349,666.46

  • Central City

    • Average home value: $354,635.43

chrisinphilly5448 / Flickr.com
chrisinphilly5448 / Flickr.com

6. Philadelphia

  • Fairhill 

    • Average home value: $60,292.87

  • McGuire

    • Average home value: $63,967.44

  • Upper Kensington

    • Average home value: $65,725.53

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KenB / Wikimedia Commons
KenB / Wikimedia Commons

7. San Antonio

  • San Juan Gardens

    • Average home value: $115,524.60

  • Prospect Hill

    • Average home value: $121,039.30

  • Loma Vista

    • Average home value: $124,001.85

Roman Eugeniusz / Wikimedia Commons
Roman Eugeniusz / Wikimedia Commons

8. San Diego

  • Mission Valley West

    • Average home value: $593,584.92

  • Colina del Sol

    • Average home value: $608,186.48

  • Mountain View

    • Average home value: $613,252.99

kanonsky / Getty Images
kanonsky / Getty Images

9. Dallas

  • Northwest Dallas

    • Average home value: $221,586.39

  • Five Mile Creek

    • Average home value: $272,269.79

  • Love Field Area

    • Average home value: $273,989.86

pbk-pg / Shutterstock.com
pbk-pg / Shutterstock.com

10. San Jose, California

  • Alum Rock

    • Average home value: $960,625.79

  • Seven Trees

    • Average home value: $971,798.74

  • Buena Vista

    • Average home value: $997,768.11

Explore More: 5 Places in Florida Where Home Prices Are Still Cheap

Roschetzky Photography / Shutterstock.com
Roschetzky Photography / Shutterstock.com

11. Austin, Texas

  • Franklin Park

    • Average home value: $315,253.29

  • North Lamar

    • Average home value: $323,969.00

  • Georgian Acres

    • Average home value: $330,620.58

JSvideos / Shutterstock.com
JSvideos / Shutterstock.com

12. Jacksonville, Florida

  • Fairfield

    • Average home value: $88,126.90

  • Phoenix

    • Average home value: $90,532.19

  • Longbranch

    • Average home value: $93,752.28

Arpad Benedek / iStock.com
Arpad Benedek / iStock.com

13. Fort Worth, Texas

  • Morningside Park

    • Average home value: $146,250.01

  • South Fort Worth

    • Average home value: $146,383.98

  • Glenwood Triangle

    • Average home value: $153,248.14

TrentGarverick / Getty Images/iStockphoto
TrentGarverick / Getty Images/iStockphoto

14. Columbus, Ohio

  • East Linden

    • Average home value: $114,213.23

  • Devon Triangle

    • Average home value: $114,602.15

  • South Linden

    • Average home value: $118,613.46

Discover More: 7 Safest and Cheapest Cities To Live in Florida

f11photo / Getty Images/iStockphoto
f11photo / Getty Images/iStockphoto

15. Indianapolis

  • Martindale-Brightwood

    • Average home value: $97,903.32

  • Meadows

    • Average home value: $99,438.43

  • West Indianapolis

    • Average home value: $106,084.07

Kruck20 / Getty Images/iStockphoto
Kruck20 / Getty Images/iStockphoto

16. Charlotte, North Carolina

  • Thomasboro-Hoskins

    • Average home value:  $221,185.54

  • University Park

    • Average home value: $227,047.39

  • Washington Heights

    • Average home value: $227,438.44

SnapASkyline / Shutterstock.com
SnapASkyline / Shutterstock.com

17. San Francisco

  • Hunters Point

    • Average home value: $844,576.57

  • Sunnydale

    • Average home value: $864,087.56

  • Bret Harte

    • Average home value: $884,216.69

PhilAugustavo / Getty Images/iStockphoto
PhilAugustavo / Getty Images/iStockphoto

18. Seattle

  • South Park

    • Average home value: $533,384

  • South Park

    • Average home value: $540,783.09

  • Rainier View

    • Average home value: $586,578.62

  • South Delridge

    • Average home value: $608,192.14

Read Next: I’m a Real Estate Agent: 5 Cities Where Homes Will Be the Best Bargains in 2024

milehightraveler / Getty Images/iStockphoto
milehightraveler / Getty Images/iStockphoto

19. Denver

  • Elyria Swansea

    • Average home value: $381,579

  • Westwood

    • Average home value: $387,709.73

  • Globeville

    • Average home value: $395,767.13

MoreISO / Getty Images
MoreISO / Getty Images

20. Nashville, Tennessee

  • Lake Country

    • Average home value: $241,573.78

  • Justin Towne

    • Average home value: $242,642.89

  • Priest Lake Forest

    • Average home value: $242,812.27

©Shutterstock.com
©Shutterstock.com

21. Oklahoma City

  • Akers Park

    • Average home value: $78,644.08

  • Shidler-Wheeler

    • Average home value: $79,875.45

  • South Creston Hills

    • Average home value: $83,106.32

Mark Taylor Cunningham / Shutterstock.com
Mark Taylor Cunningham / Shutterstock.com

22. El Paso, Texas

  • Chamizal

    • Average home value: $113,505

  • Alameda Business

    • Average home value: $113,684.46

  • Eagle Estates Homeowners Association

    • Average home value: $114,868.69

Check Out: I Retired Early: Why Real Estate Investing Was the Secret to My Success

Orhan Cam / Shutterstock.com
Orhan Cam / Shutterstock.com

23. Washington D.C.

  • Fairfax Village

    • Average home value: $246,479.55

  • Barry Farm

    • Average home value: $273,250.89

  • Knox Hill

    • Average home value: $335,134.57

Keith J Finks / Shutterstock.com
Keith J Finks / Shutterstock.com

24. Boston

  • Mattapan

    • Average home value: $556,639.47

  • Hyde Park

    • Average home value: $603,493.89

  • Roxbury

    • Average home value: $660,391.01

tusharkoley / Shutterstock.com
tusharkoley / Shutterstock.com

25. Portland, Oregon

  • Sumner

    • Average home value: $375,380.97

  • Bridgeton

    • Average home value: $385,236.59

  • Sunderland

    • Average home value: $395,304.86

Stan Shebs / Wikimedia Commons
Stan Shebs / Wikimedia Commons

26. Las Vegas

  • Downtown East

    • Average home value: $282,846.79

  • Cultural Corridor

    • Average home value: $285,720.95

  • East Las Vegas

    • Average home value: $291,602.50

Trending Now: These 5 Cities Are Becoming Popular With Baby Boomers: Should You Consider Them for Your Retirement Years?

Steven_Kriemadis / Getty Images
Steven_Kriemadis / Getty Images

27. Detroit

  • Hawthorne Park

    • Average home value: $37,137.12

  • Krainz Woods

    • Average home value: $40,212.36

  • West End

    • Average home value: $40,809.42

aimintang / Getty Images
aimintang / Getty Images

28. Memphis, Tennessee

  • Shelby Forest-Frayser

    • Average home value: $84,236.13

  • Berclair-Highland Heights

    • Average home value: $97,974.22

  • Downtown

    • Average home value: $103,808.83

Phyllis A Bentley / Shutterstock.com
Phyllis A Bentley / Shutterstock.com

29. Louisville, Kentucky

  • Park Hill

    • Average home value: $58,585.86

  • California

    • Average home value: $61,615.91

  • Portland

    • Average home value: $63,285.74

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

30. Baltimore

  • Carrollton Ridge

    • Average home value: $40,386.64

  • Booth-Boyd

    • Average home value: $42,023.49

  • Shipley Hill

    • Average home value: $43,973.00

Jordan Rosenfeld contributed to the reporting of this article.

Methodology: In order to find the cheapest neighborhoods in the biggest US cities, GOBankingRates sourced the largest US cities by population as sourced from the US Census American Community Survey. Using the top cities, GOBankingRates analyzed average home values for single family homes from November 2023 to find the lowest priced home values by neighborhoods as sourced from Zillow Home Value Index. The neighborhoods, home values, and cities where the neighborhoods reside were all sourced from Zillow Home Value Index to show the cheapest neighborhoods in each state. All data was collected and is up-to-date as-of January 11th, 2024.

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This article originally appeared on GOBankingRates.com: The Cheapest Neighborhoods in the 30 Biggest US Cities

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