The savings are in the South.
As housing costs continue to rise in the U.S., homeownership is becoming less attainable for many Americans. However, there are still some southern cities where homeownership remains somewhat possible.
Realtor.com says these five cities have multiple home listings for under $100,000. In most cases, the overall cost of living is lower in these areas, making homeownership attainable.
Columbia, South Carolina
The state’s capital city is ideal for those seeking homeownership on a budget. According to Rent.Cafe, the cost of living is 6% below the national average. GoBankrates.Com reported 446 active real estate listings in Columbia, 20 under $100,000. Columbia is home to South Carolina State University and two HBCUs—Allen College and Benedict College. According to AreaVibes.com, the city earned a livability score of 79.
Louisville, Kentucky
Dubbed the “Bourbon City,” Louisville is a cultural hub and home to the Kentucky Center for African American Heritage, Roots101 African American Museum, and The Civil Rights History Tour. Muhammad Ali’s hometown is also an affordable place to live. The overall cost of living for the city is 10.2% below the national average. The home of the Louisville Slugger has a whopping 165 active listings below $100,000. Additionally, housing costs run about 47% below the national average.