The Cheapest Neighborhoods in the 30 Biggest US Cities
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.
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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:
1. New York
Concourse
Average home value: $469,823.40
Parkchester
Average home value: $471,199.47
Highbridge
Average home value: $477,818
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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
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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
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
5. Phoenix
Maryvale
Average home value: $333,400.14
Estrella
Average home value: $349,666.46
Central City
Average home value: $354,635.43
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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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
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
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
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
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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
12. Jacksonville, Florida
Fairfield
Average home value: $88,126.90
Phoenix
Average home value: $90,532.19
Longbranch
Average home value: $93,752.28
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
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
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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
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
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
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
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19. Denver
Elyria Swansea
Average home value: $381,579
Westwood
Average home value: $387,709.73
Globeville
Average home value: $395,767.13
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
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
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
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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
24. Boston
Mattapan
Average home value: $556,639.47
Hyde Park
Average home value: $603,493.89
Roxbury
Average home value: $660,391.01
25. Portland, Oregon
Sumner
Average home value: $375,380.97
Bridgeton
Average home value: $385,236.59
Sunderland
Average home value: $395,304.86
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
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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
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
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
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