If the appeal of city living piques your attention and the idea of living among the bustling streets and skyscrapers of an urban population calls your name, you’re in luck. Here, we have a list of the 50 most affordable downtown settings in the nation.
Methodology
To determine the most affordable downtowns to live in, 24/7 Tempo reviewed five-year data on household value and household income from the U.S. Census Bureau’s 2022 American Community Survey . Cities were ranked based on the ratio of average home value to average household income in their downtown census tracts. Downtown areas were defined as the census tracts that fall at least 50% within the 1.8-mile radius around a city hall. Boundary definitions are from the U.S. Census Bureau and are for 2022. Only downtowns in principal cities with at least 200,000 residents in metropolitan statistical areas were considered. City hall coordinates are also from the Census Bureau.
50. Downtown Austin, TX ©Roschetzky Photography/Shutterstock.com
Average home value: $965,533 (6.0 times income) Average household income: $161,057 Est. downtown population: 48,600 49. Downtown Oxnard, CA ©Matt Gush/Shutterstock.com
Average home value: $551,454 (5.7 times income) Average household income: $96,694 Est. downtown population: 59,000 48. Downtown Phoenix, AZ ©Melikamp, CC BY-SA 3.0 <https://creativecommons.org/licenses/by-sa/3.0>, via Wikimedia Commons - Original / License
Average home value: $382,987 (5.6 times income) Average household income: $68,007 Est. downtown population: 26,300 47. Downtown Lexington, KY ©Real Window Creative/Shutterstock.com
Average home value: $387,728 (5.6 times income) Average household income: $68,982 Est. downtown population: 35,000 46. Downtown Stockton, CA ©Matt Gush/Shutterstock.com
Average home value: $351,885 (5.6 times income) Average household income: $63,106 Est. downtown population: 33,200 45. Downtown Seattle, WA ©SCStock/Shutterstock.com
Average home value: $726,271 (5.5 times income) Average household income: $131,432 Est. downtown population: 93,800 44. Downtown Denver, CO ©Joshua Hicks/iStock via Getty Images
Average home value: $594,638 (5.3 times income) Average household income: $112,437 Est. downtown population: 81,100 43. Downtown El Paso, TX ©iStock.com/Sean Pavone
Average home value: $262,583 (5.2 times income) Average household income: $50,041 Est. downtown population: 19,400 42. Downtown Spokane, WA ©Brandon Mauth/Shutterstock.com
Average home value: $339,559 (5.2 times income) Average household income: $65,388 Est. downtown population: 26,100 41. Downtown Las Vegas, NV ©iStock.com/RandyAndy101
Average home value: $270,479 (5.1 times income) Average household income: $53,311 Est. downtown population: 36,700 40. Downtown Washington, DC ©TZIDO SUN/Shutterstock.com
Average home value: $801,106 (5.0 times income) Average household income: $160,123 Est. downtown population: 89,600 39. Downtown Tampa, FL ©Sean Pavone/Shutterstock.com
Average home value: $668,656 (5.0 times income) Average household income: $134,265 Est. downtown population: 34,800 38. Downtown Colorado Springs, CO ©Jacob Boomsma/iStock via Getty Images
Average home value: $438,948 (5.0 times income) Average household income: $88,600 Est. downtown population: 21,300 37. Downtown Nashville, TN ©Sean Pavone/Shutterstock.com
Average home value: $471,089 (4.9 times income) Average household income: $96,616 Est. downtown population: 27,000 36. Downtown San Antonio, TX ©Sean Pavone/Shutterstock.com
Average home value: $340,202 (4.8 times income) Average household income: $70,724 Est. downtown population: 24,700 35. Downtown Durham, NC ©Sean Pavone/Shutterstock.com
Average home value: $459,288 (4.8 times income) Average household income: $95,623 Est. downtown population: 29,600 34. Downtown Milwaukee, WI ©Jon Mattrisch/iStock via Getty Images
Average home value: $418,396 (4.8 times income) Average household income: $87,211 Est. downtown population: 41,300 33. Downtown Worcester, MA ©Sean Pavone/Shutterstock.com
Average home value: $285,084 (4.8 times income) Average household income: $59,541 Est. downtown population: 61,800 32. Downtown Richmond, VA ©ESB Professional/Shutterstock.com
Average home value: $340,799 (4.8 times income) Average household income: $71,399 Est. downtown population: 39,000 31. Downtown Tucson, AZ ©Chris Rubino/Shutterstock.com
Average home value: $277,105 (4.7 times income) Average household income: $59,290 Est. downtown population: 21,900 30. Downtown Greensboro, NC ©Kevin Ruck/Shutterstock.com
Average home value: $300,212 (4.6 times income) Average household income: $65,134 Est. downtown population: 26,200 29. Downtown Winston-Salem, NC ©Kevin Ruck/Shutterstock.com
Average home value: $272,951 (4.5 times income) Average household income: $60,191 Est. downtown population: 20,800 28. Downtown Buffalo, NY ©iStock.com/Joseph Hrycych
Average home value: $306,524 (4.5 times income) Average household income: $68,583 Est. downtown population: 31,200 27. Downtown Fresno, CA ©Jacob Boomsma/Shutterstock.com
Average home value: $224,137 (4.4 times income) Average household income: $51,255 Est. downtown population: 38,200 26. Downtown Raleigh, NC ©iStock.com/Mark Howard
Average home value: $499,105 (4.3 times income) Average household income: $115,591 Est. downtown population: 27,800 25. Downtown Philadelphia, PA ©Gang Liu/Shutterstock.com
Average home value: $611,816 (4.3 times income) Average household income: $142,778 Est. downtown population: 161,400 24. Downtown Columbus, OH ©f11photo/Shutterstock.com
Average home value: $508,521 (4.3 times income) Average household income: $118,737 Est. downtown population: 27,300 23. Downtown Memphis, TN ©Sean Pavone/iStock via Getty Images
Average home value: $306,840 (4.3 times income) Average household income: $71,698 Est. downtown population: 17,100 22. Downtown Oklahoma City, OK ©Sean Pavone/Shutterstock.com
Average home value: $431,059 (4.3 times income) Average household income: $101,227 Est. downtown population: 15,200 21. Downtown Charlotte, NC ©ESB Professional/Shutterstock.com
Average home value: $615,597 (4.2 times income) Average household income: $145,211 Est. downtown population: 35,100 20. Downtown Atlanta, GA ©Evilarry at English Wikipedia (Original text: David Selby), Public domain, via Wikimedia Commons - Original / License
Average home value: $318,236 (4.2 times income) Average household income: $75,199 Est. downtown population: 51,000 19. Downtown Cincinnati, OH ©Sean Pavone/Shutterstock.com
Average home value: $372,534 (4.2 times income) Average household income: $88,935 Est. downtown population: 33,500 18. Downtown Orlando, FL ©aphotostory/Shutterstock.com
Average home value: $515,764 (4.0 times income) Average household income: $127,508 Est. downtown population: 24,800 17. Downtown Minneapolis, MN ©iStock.com/RudyBalasko
Average home value: $385,257 (4.0 times income) Average household income: $97,032 Est. downtown population: 74,200 16. Downtown Baltimore, MD ©iStock.com/sand86
Average home value: $357,586 (3.9 times income) Average household income: $92,864 Est. downtown population: 75,900 15. Downtown Chicago, IL ©Rudy Balasko/Shutterstock.com
Average home value: $683,367 (3.8 times income) Average household income: $177,577 Est. downtown population: 145,400 14. Downtown Dallas, TX ©f11photo/Shutterstock.com
Average home value: $519,097 (3.8 times income) Average household income: $136,222 Est. downtown population: 39,700 13. Downtown Indianapolis, IN ©Sean Pavone/Shutterstock.com
Average home value: $409,347 (3.8 times income) Average household income: $108,372 Est. downtown population: 29,100 12. Downtown Lincoln, NE ©Mihai_Andritoiu/Shutterstock.com
Average home value: $193,467 (3.7 times income) Average household income: $52,543 Est. downtown population: 31,800 11. Downtown Detroit, MI ©Sean Pavone/Shutterstock.com
Average home value: $274,295 (3.5 times income) Average household income: $77,888 Est. downtown population: 17,900 10. Downtown Houston, TX ©iStock.com/Kruck20
Average home value: $462,845 (3.4 times income) Average household income: $135,632 Est. downtown population: 52,900 9. Downtown Pittsburgh, PA ©Sean Pavone/Shutterstock.com
Average home value: $283,137 (3.1 times income) Average household income: $91,356 Est. downtown population: 36,300 8. Downtown Kansas City, MO ©f11photo/Shutterstock.com
Average home value: $250,384 (3.0 times income) Average household income: $82,224 Est. downtown population: 21,400 7. Downtown Omaha, NE ©Kristopher Kettner/Shutterstock.com
Average home value: $187,090 (2.9 times income) Average household income: $63,856 Est. downtown population: 30,700 6. Downtown Laredo, TX ©Jacob Boomsma/Shutterstock.com
Average home value: $117,737 (2.5 times income) Average household income: $47,119 Est. downtown population: 27,000 5. Downtown Lubbock, TX ©Real Window Creative/Shutterstock.com
Average home value: $109,282 (2.5 times income) Average household income: $44,325 Est. downtown population: 21,700 4. Downtown Rochester, NY ©Roland Shainidze/Shutterstock.com
Average home value: $138,501 (2.4 times income) Average household income: $57,303 Est. downtown population: 41,000 3. Downtown Fort Wayne, IN ©Nicholas J Klein/Shutterstock.com
Average home value: $137,650 (2.0 times income) Average household income: $68,442 Est. downtown population: 21,700 2. Downtown Toledo, OH ©Sean Pavone/Shutterstock.com
Average home value: $75,199 (2.0 times income) Average household income: $37,496 Est. downtown population: 21,000 1. Downtown Wichita, KS ©Sean Pavone/Shutterstock.com
Average home value: $110,929 (1.8 times income) Average household income: $61,674 Est. downtown population: 18,800 The image featured at the top of this post is ©Sean Pavone/Shutterstock.com.
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