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.
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.
2. Dayton, Ohio
3. Youngstown, Ohio
Youngstown is the largest city in Mahoning County, Ohio and has a median listing price of $122,600, per the data.
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.
5. Cleveland, Ohio
Cleveland is the third-largest city in Ohio and has a median listing price is $125,000, per Redfin.
6. Akron, Ohio
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.
7. Scranton, Pennsylvania
Scranton has a median listing price of $142,000, which is still below the national median, according to Redfin.
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.
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.
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.
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