Housing prices keep climbing, and for a lot of people, owning a home feels out of reach with the economy stretching budgets thin. Down South, though, some cities still have deals—places where $100K can actually get you a house. These spots mix affordability with a laid-back vibe that’s hard to beat.
They’re not perfect, but they’ve got history, character, and homes that won’t empty your bank account. If you’re hunting for a bargain with a touch of charm, here’s where to look.
Baltimore, Maryland
Baltimore’s got a rich past—think railroads, the national anthem, even the six-pack—and it’s still a spot where you can snag a house for under $100K. With 626 of its 3,690 listings in that range, about 17% of the market’s wide open for budget buyers. Median income sits at $59,623, and monthly mortgage payments hover around $1,078. That’s doable for a lot of folks looking to plant roots without draining their savings (Source: Zillow).
The city’s got character, but it’s not all smooth sailing—some areas need work. Still, for under $100K, you’re getting a shot at owning something in a place with history and potential. It’s a practical pick if you’re okay with a fixer-upper.
Lubbock, Texas
Lubbock flies under the radar, but it’s got a pulse—more music spots per person than anywhere else in Texas. Out of 2,723 listings, 349 are under $100K, making up 12.8% of the market. Known as Hub City, it’s the go-to for jobs, schools, and healthcare in the South Plains. Monthly mortgage runs about $1,193, with living costs around $3,113 (Source: Zillow).
It’s a place where your money stretches further, especially if you’re after a home that won’t break you. Lubbock’s got a laid-back feel with enough going on to keep life interesting—a solid choice for affordable Southern living.
Memphis, Tennessee
Memphis carries a big legacy—rock ‘n’ roll started here, and the blues still echo through the streets. Beyond the music, it’s a steal for homebuyers, with 757 of 3,006 listings under $100K. That’s 25.2% of the market, a huge chunk for anyone watching their wallet. The city’s got soul and history, making it a draw for folks who want affordability without losing a sense of place (Source: Zillow).
Living here means stretching your dollars further. Sure, some neighborhoods could use a lift, but that’s part of the deal at this price point. For music lovers or bargain hunters, Memphis offers a real shot at owning a home.
Baton Rouge, Louisiana
Baton Rouge blends old Louisiana charm with a modern edge, and it’s got homes to match—348 of 2,391 listings sit under $100K, about 14.6% of the total. Average home values hit $227,162, but these cheaper options keep things accessible. Annual living costs come in around $41,697, which isn’t bad for a state capital with deep roots and a lively vibe (Source: Redfin).
The city’s got a mix of history and everyday conveniences, appealing to anyone after a Southern feel without the hefty price tag. It’s a practical choice—affordable homes in a place that’s got character and a steady pulse.
Alexander Clark is a financial writer with a knack for breaking down complex market trends and economic shifts. As a contributor to The Daily Overview, he offers readers clear, insightful analysis on everything from market movements to personal finance strategies. With a keen eye for detail and a passion for keeping up with the fast-paced world of finance, Alexander strives to make financial news accessible and engaging for everyone.
