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The 10 most affordable housing markets in the US

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Huntington Indiana

Buying a four-bedroom home and living in a major city are often considered mutually exclusive. But they don't have to be.

Coldwell Banker recently released its annual Home Listing Report, which tracks the most affordable real estate markets in the US. Each of the top 10 are either in major cities or within commuting distance of a major metropolis, including Detroit and Cleveland at No. 1 and No. 2, respectively. 

To determine the most affordable cities, Coldwell Banker analyzed the average listing price of more than 50,000 four-bedroom, two-bathroom homes for the period between January 2016 and June 2016. The ranking covered 2,168 markets across the US, excluding any with fewer than 10 listings.

In Detroit, a four-bed, two-bathroom house only costs around $64,110. And despite the city's notorious decline — which led to it ultimately filing for bankruptcy in 2013 — it's on an upswing. Detroit's small business scene is booming, creating jobs and revitalizing the town.

Keep reading for the cheapest places to purchase a home in the US. 

SEE ALSO: The 25 US cities with the lowest cost of living

DON'T MISS: The best suburb in every state

10. Palatka, Florida

Population: 10,390

Average cost of a 4-bedroom, 2-bathroom house: $110,655

Median household income: $21,864



9. Augusta, Georgia

Population: 197,182

Average cost of a 4-bedroom, 2-bathroom house: $106,567

Median household income: $37,593



8. Huntington, Indiana

Population: 17,095

Average cost of a 4-bedroom, 2-bathroom house: $105,614

Median household income: $39,542



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