Some metros are known for their sky-high home prices. However, metros with affordable homes for sale do exist! We define a market as affordable if a buyer who makes the area's median income can afford the area's median-priced home by spending less than what they have spent historically. These seven metro areas have the highest percentage of affordable homes currently on the market among the nation's 35 largest metros.
No. 1: Cincinnati
187 Wedgewood Ave.For sale: $92,000
Built in 1922, this 1,714-square-foot home is bright, spacious and charming. Considering Cincinnati's median home value of $94,400, this four-bedroom three-bathroom home is a bargain.
No. 2: Columbus, Ohio
2228 Aqua Park Ave.For sale: $95,000
This 1,656-square-foot, three-bedroom, 2.5-bathroom home offers ample entertainment space, including a roomy backyard with a large deck. This home's price sits just under the area's median home value of $96,700.
No. 3: Cleveland
3053 W. 116th St,For sale: $49,900
Built in 1921, this quaint 984-square-foot home has been updated throughout. The two-bedroom, one-bathroom home comes with all appliances and is even more affordable than Cleveland's median home value of $51,700.
No. 4: Kansas City, Mo.
7360 N. Mulberry St.For sale: $110,000
Located on a quiet street, this 1,028-square-foot, three-bedroom, two-bathroom home has been newly painted and carpeted and comes with all appliances included. Considering Kansas City's median home value of $112,900, this home is a great buy.
No. 5: St. Louis
4865 Fountain Ave.For sale: $95,000
Built in 1894, this 2,500-square-foot home has been well-maintained and offers abundant natural light. With an impressive five bedrooms and two bathrooms, this home is well worth its asking price -- St. Louis' median home value is $98,200.
No.6: Chicago
9051 S. May St.For sale: $184,900
This 1,400-square-foot brick home has received many new furnishings throughout, including a kitchen with stainless steel appliances and granite countertops. Chicago's median home value is $187,200, making this three-bedroom, three-bathroom home a great deal.
No. 7: Minneapolis
3722 Oakland Ave., MinneapolisFor sale: $184,900
This adorable three-bedroom, two-bathroom, circa-1916 bungalow has both original woodwork and modern updates. With Minneapolis' median home value of $187,600, this 1,392-square-foot home is an affordable buy.
More from Zillow about homes for sale:
Homes for Sale in Top Buyers' Markets
For Sale: Town Houses With 3 or More Bedrooms
Houses Under 500 Square Feet for Rent
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