8 Cities Where You Can Still Buy a Home for Under $150k

Finding a home under $150,000 feels almost impossible in today’s market, but it’s still possible in some cities. These areas offer lower housing costs without leaving you in the middle of nowhere and combine affordability with enough amenities to make everyday life comfortable.

Peoria, Illinois

Peoria’s housing market remains one of the most budget-friendly in the country. Many homes here sell for well under $150,000, and the city offers a mix of suburban comfort and city amenities. Low property taxes and a steady job market make it even more appealing.

Toledo, Ohio

Toledo’s home prices are still far below the national average, giving first-time buyers a shot at ownership. The city’s growing arts scene, waterfront access, and proximity to major highways make it practical for both work and play. Many neighborhoods have charming older homes with plenty of character.

Wichita, Kansas

Wichita offers affordable home prices alongside a stable economy built on manufacturing, healthcare, and aviation. The city has a low cost of living, which means homeowners can enjoy more financial breathing room. Parks, museums, and family activities add to its appeal.

Little Rock, Arkansas

Little Rock’s housing market remains accessible, with many single-family homes under $150,000. The city offers a mix of southern charm, outdoor recreation, and growing job opportunities. Affordable prices allow buyers to get more space for their money without moving too far from the city center.

Springfield, Missouri

Springfield combines small-town friendliness with city amenities. The local housing market includes plenty of move-in-ready homes under $150,000, and living costs stay low across the board. A strong sense of community and nearby outdoor attractions make it a balanced place to settle.

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Erie, Pennsylvania

Erie offers waterfront living at a fraction of the price you’d pay elsewhere. Many homes are well within the $150,000 range, and residents enjoy access to Lake Erie, local wineries, and seasonal festivals. The slower pace and affordable costs are big draws for families and retirees.

Augusta, Georgia

Augusta’s housing prices remain reasonable, with many properties under $150,000. The city’s warm climate, golf culture, and proximity to the Savannah River make it attractive to buyers seeking value. A stable local economy supports long-term affordability.

South Bend, Indiana

South Bend’s affordable homes give buyers a chance to enter the market without excessive debt. The city offers a blend of college-town energy, family-friendly neighborhoods, and easy access to nearby Chicago. Lower home prices mean more room in the budget for renovations or savings.

Affordable Homes Haven’t Disappeared Completely

While much of the country has priced out first-time buyers, these cities prove that affordable ownership is still possible. The key is looking in the right markets—often away from the high-demand metros—where you can buy a home without stretching your budget to the breaking point.

The article 8 Cities Where You Can Still Buy a Home for Under $150k first appeared on Cents + Purpose.