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With continued high prices, homebuying seems impossible to many Americans. A study from TradingPedia based on an analysis of U.S. Census Bureau data ranked the 10 most and least expensive U.S. cities to buy a home as of November 30, 2024.
San Jose, California, is the most expensive city to purchase a home, with a median home sale price of $1,528,500. Detroit, Michigan, is the least expensive city to purchase a home, with a median home sale price of $192,000.
Read more about the most and least expensive U.S. cities to buy a home. *Data is from November, 2024, and predates the January wildfires that struck Los Angeles.
Most expensive cities to buy a home
| Rank |
Metro areas |
Median home sale price |
| 10 |
Newark, New Jersey |
$590,061 |
| 9 |
Nassau County, New York |
$695,000 |
| 8 |
Boston, Massachusetts |
$710,000 |
| 7 |
New York, New York |
$735,000 |
| 6 |
Seattle, Washington |
$814,757 |
| 5 |
San Diego, California |
$890,000 |
| 4 |
Los Angeles, California |
$900,000 |
| 3 |
Oakland, California |
$957,000 |
| 2 |
Anaheim, California |
$1,180,000 |
| 1 |
San Jose, California |
$1,528,500 |
Least expensive cities to buy a home
| Rank |
Metro areas |
Median home sale price |
| 10 |
Birmingham, Alabama |
$293,500 |
| 9 |
Cincinnati, Ohio |
$288,000 |
| 8 |
Philadelphia, Pennsylvania |
$280,000 |
| 7 |
Memphis, Tennessee |
$271,000 |
| 6 |
Louisville, Kentucky |
$270,000 |
| 5 |
St. Louis, Missouri |
$262,750 |
| 4 |
Oklahoma City, Oklahoma |
$260,000 |
| 3 |
Pittsburgh, Pennsylvania |
$228,000 |
| 2 |
Cleveland, Ohio |
$220,000 |
| 1 |
Detroit, Michigan |
$192,000 |
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