Costs preserve rising, however bargains haven’t disappeared
13 years in the past, the U.S. median dwelling sale value was $190,000, and a family wanted $35,600 in annual earnings to afford it. At the moment, the image seems to be very totally different.
Housing affordability has since fallen to file lows after two years of value development, with the standard dwelling promoting for $440,000 in August. Even with mortgage charges dropping, consumers nonetheless must earn over $112,000 yearly to afford a median-priced dwelling – roughly $25,000 greater than the standard family earnings and thrice what they wanted in 2012. The outcome? Slower gross sales, fewer listings, and hardly any purchaser exercise.
Nonetheless, reasonably priced choices haven’t disappeared. In elements of the Midwest, South, and Northeast, many houses go for lower than $200,000, with some dipping into the low-$100,000s. And throughout the nation, there are reasonably priced gems ready to be found – even in the costliest markets.
Let’s discover what you should buy for lower than $200,000 in ten cities throughout the U.S. We’ll spotlight three listings per metropolis to present an outline of what that value level seems to be like.
>> Learn: The Most Inexpensive Cities within the U.S. in 2025
How a lot earnings do it’s essential afford a $200k home?
As of September 2025, consumers must earn about $50,000 to comfortably afford a $200,000 home. This assumes a 20% down cost on a median-priced dwelling ($444,000), a 6.4% mortgage charge, and typical tax and insurance coverage prices.
You possibly can calculate your particular month-to-month housing prices utilizing Redfin’s Mortgage Calculator.
It’s value noting that many consumers purchasing within the $200,000 vary could earn lower than their metropolis’s median earnings, so even when a market seems reasonably priced on paper, it will not be reasonably priced to populations who want it.
What do 200K homes appear like throughout America?
1. Detroit, MI
Median sale value: $220,000 | Median family earnings: $39,209
Detroit is probably the most reasonably priced main metropolis within the nation, with nearly half of houses sitting close to the $200,000 mark. Costs are low on this Rust Belt mecca for a wide range of components, however the main ones are inhabitants loss, financial disinvestment, and an growing older housing inventory. Nonetheless, the town has seen a powerful revitalization effort lately, attracting new companies and residents.
Listed here are a number of examples of houses that go for $200,000 or much less.
8229 Carlin St, Detroit, MI 48228: $200,000 | 4 mattress, 1.5 tub, 1,973 sq ft
23424 Clarita St, Detroit, MI 48219: $145,000 | 4 mattress, 1.5 tub, 1,495 sq ft
14985 Tacoma St, Detroit, MI 482057: $75,000 | 3 mattress, 2 tub, 2,000 sq ft
2. Los Angeles, CA
Median sale value: $909,000 | Median family earnings: $82,263
As one of the crucial costly cities in America, it’d shock you that Los Angeles nonetheless has housing choices round $200,000. Typically, houses in Southern California go for properly over $1 million, with folks battling to reside among the many cultural icon’s sprawling, glitzy streets – particularly in luxurious enclaves like Beverly Hills and Hollywood. That mentioned, costs are starting to return to a extra “normal” state, though they’re actually not reasonably priced.
For these seeking to purchase a house in LA on a $200K finances, you’ll must accept very small condos or dwelling on the town’s edges. Listed here are some examples.
617 Cedar Ave #11, Lengthy Seashore, CA 90802: $200,000 | 0 mattress, 1 tub, 392 sq ft
13050 Dronfield Ave #7, Sylmar, CA 91342: $195,000 | 1 mattress, 1 tub, 595 sq ft
18645 Hatteras St #187, Tarzana, CA 91356: $182,000 | 1 mattress, 1 tub, 472 sq ft
3. Cleveland, OH
Median sale value: $255,000 | Median family earnings: $43,383
A former industrial icon rapidly turning energetic tech hub, Cleveland hits a candy spot between previous and new – preserving its affordability whereas investing in new infrastructure and facilities. Many houses stay reasonably priced, although some areas nonetheless wrestle with disinvestment and growing older housing inventory. Housing buyers have additionally began shopping for up lower-priced choices, which is placing a pressure on provide and upward strain on costs.
Here’s a sampling of what $200,000 should buy you in Cleveland.
6014 Laverne Ave, Cleveland, OH 44129: $199,900 | 3 mattress, 2 tub, 1,220 sq ft
10009 Parmelee Ave, Cleveland, OH 44108: $144,900 | 4 mattress, 2 tub, 1,358 sq ft
7710 Goodman Ave, Cleveland, OH 44105: $84,999 | 3 mattress, 1 tub, 1,085 sq ft
4. Seattle, WA
Median sale value: $840,000 | Median family earnings: $118,745
Greenery abounds within the Emerald Metropolis, however reasonably priced housing is more and more uncommon. Dwelling costs in Seattle have surged 169% previously 13 years – 37% greater than the nationwide charge – pushed by a tech increase, investor exercise, and acute housing scarcity. In actual fact, they’ve elevated a lot that over one-third of all houses are actually value a minimum of $1 million.
Regardless of slowing demand, costs stay excessive. Patrons can nonetheless discover smaller condos and studios underneath $200,000, although.
138 SW 116th St Unit G15, Seattle, WA 98146: $199,999 | 1 mattress, 1 tub, 774 sq ft
110 SW 116th St, Seattle, WA 98146: $185,000 | 1 mattress, 1 tub, 672 sq ft
19428 Aurora Ave N #332, Shoreline, WA 98133: $185,000 | 1 mattress, 1 tub, 605 sq ft
5. Pittsburgh, PA
Median sale value: $267,000 | Median family earnings: $66,954
A metropolis constructed on metal and business, Pittsburgh has began transitioning into a contemporary hub of expertise and development. Home costs are rising however nonetheless low, and incomes have grown sufficient that the standard resident can afford a house. In actual fact, shopping for is cheaper than renting in Metal Metropolis – the one main metro within the nation the place that is nonetheless true.
Loads of listings go for $200,000 or much less. Here’s a sampling.
131 Friday Rd, Pittsburgh, PA 15209: $200,000 | 3 mattress, 2 tub, 990 sq ft
11505 Clematis Blvd, Pittsburgh, PA 15235: $199,000 | 3 mattress, 2 tub, 1,552 sq ft
19 Mackey St, Pittsburgh, PA 15213: $150,000 | 3 mattress, 1.5 tub, 1,056 sq ft
6. New York, NY
Median sale value: $800,000 | Median family earnings: $81,228
New York will not be an reasonably priced metropolis. Roughly three million households spend greater than a 3rd of their earnings on housing, with 20% spending greater than half each month. Even rent-stabilized items, which make up half of the town’s rental inventory, are out of attain for a lot of residents. The scenario doesn’t enhance for consumers, both, as restricted provide continues to drive up prices.
Nonetheless, if you’re keen to sacrifice dimension and facilities, there are nonetheless choices underneath $200,000.
63-61 99th St Unit A4, Rego Park, NY 11374: $200,000 | 0 mattress, 1 tub, 550 sq ft
83-60 118 St Unit 11H, Kew Gardens, NY 11415: $200,000 | 0 mattress, 1 tub, 595 sq ft
34-43 60 St Unit 2B, Queens, NY 11377: $200,000 | 0 mattress, 1 tub, 450 sq ft
7. Oklahoma Metropolis, OK
Median sale value: $275,000 | Median family earnings: $70,040
Oklahoma Metropolis is a basketball haven identified for its Midwestern attraction, local weather, and costs. The everyday home goes for almost half the nationwide common, with many falling into the $100K vary. Even so, not all locals can afford a $200,000 dwelling. In line with a latest examine, the town really has the widest “middle-class” earnings vary within the nation; the bottom earners fall properly under the $50,000 wanted to comfortably afford a $200,000 dwelling.
Right here’s what $200,000 and underneath should buy you in Oklahoma Metropolis.
5021 Union Cir, Oklahoma Metropolis, OK 73135: $200,000 | 3 mattress, 2 tub, 1,773 sq ft
2904 Rosewood Ln, Oklahoma Metropolis, OK 73120: $155,000 | 2 mattress, 2 tub, 1,817 sq ft
2221 N Jordan Ave, Oklahoma Metropolis, OK 73111: $139,900 | 2 mattress, 1 tub, 1,208 sq ft
8. Miami, FL
Median sale value: $557,000 | Median family earnings: $66,337
Miami is among the many hottest cities for prime earners. In actual fact, close by Fisher Island just lately grew to become the nation’s most costly ZIP code – boosting property values as the town offers with declining housing provide. Locals wrestle to make due; simply 10% of houses are reasonably priced for median earners, with leases equally out of attain. That’s to not say there aren’t offers, although.
Here’s what $200,000 should buy in Miami:
7256 SW 94th Pl Unit A1, Miami, FL 33173: $200,000 | 1 mattress, 1 tub 594 sq ft
8415 SW 107th Ave Unit 270W, Miami, FL 33173: $200,000 | 2 mattress, 2 tub, 985 sq ft
1215 SW thirty second Ave Unit 108A, Miami, FL 33135: $200,000 | 2 mattress, 1 tub, 755 sq ft
9. Houston, TX
Median sale value: $337,000 | Median family earnings: $64,361
Like many Solar Belt cities, Houston’s housing market has cooled previously couple of years as local weather dangers and years of file positive factors pushed some consumers out. Now, costs are down, listings are up, and consumers are in cost. As well as, a Redfin evaluation in July discovered that 7% of Houston listings may promote for a loss – the fifth-highest share within the nation.
The everyday Houston earnings can comfortably afford a $200,000 home. Right here’s what they appear like.
2507 eleventh St, Galena Park, TX 77547: $200,000 | 3 mattress, 2 tub, 1,043 sq ft
4543 Lelay Cir, Houston, TX 77022: $155,000 | 2 mattress, 1 tub, 872 sq ft
7819 Leonora St, Houston, TX 77061: $85,000 | 2 mattress, 1.5 tub, 1,122 sq ft
10. Washington, D.C.
Median sale value: $590,000 | Median family earnings: $106,287
The nation’s capital has rather a lot to supply, together with walkable streets, loads of inexperienced area, and world-class landmarks. Nonetheless, it stays among the many least reasonably priced cities within the nation. Renters are particularly cost-burdened, despite the fact that renting is now extra reasonably priced than shopping for, on common.
For Washington, D.C. consumers on a $200,000 finances, right here’s what you’ll be able to look forward to finding.
300 M St SW Unit N111, Washington, DC 20024: $200,000 | 1 mattress, 1 tub, 521 sq ft
4810 Quarles St NE #201, Washington, DC 20019: $199,999 | 2 mattress, 1 tub, 704 sq ft
824 18th St NE #003, Washington, DC 20002: $199,990 | 1 mattress, 1 tub, 485 sq ft
Methodology
Listings had been energetic on Redfin as of October 3, 2025 apart from one bought itemizing (617 Cedar Ave #11) included in Los Angeles. Listings excluded income-restricted houses. Housing knowledge is from Redfin as of August 2025. Median earnings knowledge comes from the U.S. Census Bureau 2024 ACS 1-year estimates.
