Top 5 U.S. Cities With The Least Affordable Mortgages

Cities in the U.S. With the Most Affordable Mortgages

To many Americans, the hurdles of homeownership across the country are absolutely daunting. The average families can’t afford homes without stretching their budgets to find themselves sidelined. And despite strong economic conditions, the least affordable homes remain well below pre-recession levels. The nation’s home prices are so reasonable that mortgage payments consume a fraction of household incomes. In this article, we discuss the top 5 U.S. cities with the most affordable mortgages.


Detroit is perhaps best known as the seat of the US auto industry and the largest American city. Having emerged from bankruptcy, the city has seen a great deal of investment since then. Locals say it’s a completely different city, and unemployment has been lower than the national average. It’s one place where you can live a pretty good life for less than $35,000 a year.


Like Detroit, Cincinnati is a big city where you can live comfortably on less than $40,000 a year. One reason for this is lower health insurance costs, according to GOBankingRates. Multiple Fortune 500 companies, including The Kroger Company, Procter & Gamble, are headquartered here. The city mortgages are least with affordable rental and homeownership charges than several cities in the U.S.


Just an hour from Washington, D.C., Baltimore offers much more affordable living. An average rent is under $1,200 for a one-bedroom apartment, according to RentCafe. Also, there’s legendary seafood, and more historic buildings than any other American city. It has eco-friendly surroundings, supermarkets, shopping malls, and a good number of hospitals. 

St. Louis

St. Louis is right on the Mississippi, and its greater metro area is on the Eastern side of the river. Like many Midwestern cities, St. Louis flourished as a manufacturing industry. It is followed by health care, the area’s biggest industry by employment. Before Europeans settled in the region, it was the center of Native American Mississippian culture, known for their mound-building. Cahokia, a one-time mound metropolis, remains partly preserve on the Illinois side of the river.

Kansas City

Kansas City is one of the few large cities where the average rent for a one-bedroom apartment is less than $1,000. Downtown Kansas City, Missouri has seen about $6 billion in development since 2000. This is to attract convention visitors and tourism. The city is famous as the site of some of the fiercest Civil War battles. It has a long tradition of jazz music and is known for its barbecue.