Take a look at these 10 smaller cities with some of America's lowest property prices

Rearview shot of a young couple standing outside their new home.
Rising interest rates mean higher mortgage payments for home buyers.Getty Images
  • Rising interest rates are making some home buyers reconsider what monthly payments they can afford.

  • Some may consider moving to less expensive cities in other states to lower housing costs.

  • Here are the 10 cheapest cities to buy a house, according to data from Redfin.

Rising interest rates mean higher monthly mortgage payments, leading many homeowners or potential buyers to look for ways they can cut costs.

Here is a list of the 10 cheapest US cities with more than one million inhabitants where you can purchase a home without breaking the bank. We used data from Redfin, a real estate brokerage.

According to the National Association of Realtors, the median price for an existing home hit $403,800 in July.

A view of Detroit, Michigan.
A view of Detroit, Michigan.Getty Images

1. Detroit, Michigan

According to Redfin, Detroit has a median listing price of just $87,000, making it the cheapest city with about a million people.

A panoramic aerial drone view over the confluence of the Great Miami and Mad Rivers looking toward downtown Dayton, Ohio.
A panoramic aerial drone view over the confluence of the Great Miami and Mad Rivers looking toward downtown Dayton, OhioGetty Images

2. Dayton, Ohio

The home of the National Museum of the US Air Force has a median listing price of $106,000, according to Redfin.

Skyline of Youngstown, Ohio.
Skyline of Youngstown, Ohio.Getty Images

3. Youngstown, Ohio

Youngstown is the largest city in Mahoning County, Ohio and has a median listing price of $122,600, per the data.

View of the Maumee River in Toledo, Ohio.
View of the Maumee River in Toledo, Ohio.Getty Images

4. Toledo, Ohio

Toledo is located at the western tip of Lake Erie and is the fourth-largest city in Ohio. It has a median listing price of just $125,000.

It's faced a decline in population, according to the latest Census Bureau Data, but RentCafe found that Toledo is a popular place for Gen Z renters.

A sign showing Cleveland, Ohio.
Cleveland, Ohio.Getty Images

5. Cleveland, Ohio

Cleveland is the third-largest city in Ohio and has a median listing price is $125,000, per Redfin.

Akron, Ohio.
Akron, Ohio at night.Getty Images

6. Akron, Ohio

Akron ranked as one of the top 10 most affordable housing markets for Black households, according to a February report by the National Association of Realtors and Realtor.com.

Redfin's data shows it has an average median listing price of $135,000 as of August.

Akron is home to the first US toy company to make marbles, the Akron Toy Company.

The aerial view of the City Hall and Downtown District of Scranton, Pennsylvania.
The aerial view of the City Hall and Downtown District of Scranton, Pennsylvania.Getty Images

7. Scranton, Pennsylvania

Scranton has a median listing price of $142,000, which is still below the national median, according to Redfin.

View of Syracuse, New York.
Syracuse, New York.Getty Images

8. Syracuse, New York

Syracuse, known to be the snowiest city in the country, is in eighth spot on the list of the cities with 1 million people or more. Its median listing price is $169,000, according to Redfin, and may be an option for those who want to live not too far from a metropolis like New York City.

A skyline of Buffalo, New York.
Skyline of Buffalo, New York.Getty Images

9. Buffalo, New York

Buffalo is the second-biggest city in New York state with a median price of $230,000, per Redfin.

In February, Forbes reported that just under half those looking to rent in Buffalo were living in New York City.

Pittsburgh, Pennsylvania at dusk.
Pittsburgh, Pennsylvania at dusk.Getty Images

10. Pittsburgh, Pennsylvania

Pittsburgh has a median listing price of $266,000, making it the 10th cheapest US city in which to buy a house.

Pittsburgh is also called the "City of Bridges" because it has 446 river crossings - three more than Venice in Italy.

Read the original article on Business Insider