Ohio continues to be one of the best places in the U.S. for affordable homeownership. For first-time buyers, families, retirees, and anyone seeking an attractive real estate investment, the state offers numerous cities where the average home price comfortably sits below $200,000—even in 2025 as national prices keep climbing.
1. Youngstown
Youngstown ranks as one of the most affordable cities in Ohio, with neighborhoods like Wick Park (value $53,107). Its cost of living, community parks, and vibrant downtown have made it a revitalizing force for affordable urban living.
2. Akron
Akron’s median home price is $132,396, offering historic neighborhoods, a strong job market, and attractions like the Cuyahoga Valley National Park. More than 70% of active listings in Akron fall under the $200,000 mark.
3. Toledo
Toledo’s median home value stands at $121,511. The city draws buyers for its significantly lower costs, thriving arts scene, healthcare facilities, and proximity to Michigan.
4. Steubenville
Steubenville averages $123,383 for homes. Famous for its rich history, affordable rent, and proximity to the Ohio River, it’s a good choice for budget-conscious buyers.
5. Lorain
Located on Lake Erie, Lorain features affordable homes and revitalized riverfront areas. Its strong community, waterfront recreation, and median-priced houses make it a family-friendly gem.
6. Springfield
Springfield boasts low prices and a community-focused atmosphere. The city offers historical charm, outdoor recreation at Buck Creek State Park, and a downtown with local shops and events.
7. Mansfield
With small-town appeal and homes well below $200,000, Mansfield lets buyers enjoy Ohio’s arts and parks scene—especially its famous Carousel Park and the storied Ohio State Reformatory.
8. Elyria
Elyria, near Lorain, is another affordable city with beautiful Cascade Park and a variety of housing styles. Families appreciate its schools and suburban ambiance.
9. Cleveland
Cleveland’s median list price is just $135,475, with over 60% of listings under $200,000. Its world-class hospitals, vibrant cultural life, and lakeshore appeal draw buyers seeking urban amenities at a fraction of the cost of other major cities.
10. Marietta
Marietta offers an average home value of $182,288, historic riverside charm, and easy access to West Virginia. This picturesque town combines small-city warmth with affordable housing.
Why Choose Ohio for an Affordable Home?
Aside from its affordable real estate, Ohio provides tax benefits, a strong healthcare system, and a variety of living experiences—from bustling cities to peaceful small towns. Whether you’re looking to settle down or invest, these Ohio cities prove that homeownership under $200,000 is possible in 2025.
Sources
[1] https://www.houzeo.com/blog/cheapest-places-to-live-in-ohio/
[2] https://finance.yahoo.com/news/10-cities-where-house-less-185855599.html
[3] https://admortgage.com/blog/best-places-to-live-in-ohio/
[4] https://www.homestratosphere.com/most-affordable-neighborhoods-in-ohio-april-2025/
[5] https://www.businessinsider.com/10-cities-with-homes-under-200-000-2024-6
