As home prices continue to rise, a starter home in a major city might seem more like a myth than a reality.
However, there are 15 major U.S. cities where starter homes can be found for under $230,000, on average, according to a recent analysis by painting services company Five Star Painting.
Starter homes commonly refer to relatively modest houses that are affordable for first-time homebuyers, or more generally, homebuyers with lower incomes.
Of course, home prices vary by region, so buyers earning less than that could potentially afford a starter home in certain places.
Based on Redfin real estate listings of the 50 largest U.S. cities, the following 15 markets had the lowest average starter home price, as of August 2023.
Organizations:
Census
Locations:
U.S