The Cheapest Homes You Can Buy in the 50 Most Expensive Cities

LanaSci/Tech2025-06-293370

Owning a home in America is a costly proposition, no matter where you live. That said, some cities are far, far more expensive than others when it comes to owning real estate.

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Recently, GOBankingRates culled together some of the most expensive cities in the country and, once these cities were isolated, GOBankingRates gathered together the median and average household incomes for each, as well as the cheapest houses for sale in each metropolitan area.

Wanting to live large in a pricey city but don’t want to splurge on an expensive mansion? Peruse the cheapest homes you can buy in the 50 most expensive cities below.

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Water Mill, New York

Cheapest home for sale: $969,000
Average home value: $4,425,900
Median income: $158,250

Find Out: 25 Places To Buy a Home If You Want It To Gain Value

Discover More: 50 Cheapest Places To Retire Across America

Joshua Rainey Photography / Shutterstock.com

Woodside, California

Cheapest home for sale: $985,000
Average home value: $3,889,891
Median income: $250,000+

Find More: How Much House Does $300K, $400K and $500K Buy You in Every State?

Kentfield, California

Cheapest home for sale: $999,000
Average home value: $2,689,118
Median income: $231,875

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Menlo Park, Californa

Cheapest home for sale: $1,175,000
Average home value: $2,998,630
Median income: $206,588

littleny / Shutterstock.com

Sands Point, New York

Cheapest home for sale: $1,199,000
Average home value: $3,040,482
Median income: $250,000+

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Malibu, California

Cheapest home for sale: $1,300,000
Average home value: $3,882,442
Median income: $192,159

Mantoloking, New Jersey

Cheapest home for sale: $1,399,000
Average home value: $2,131,077
Median income: $250,000+

Explore More: 25 Most Livable Cities for Middle-Class Families

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San Marino, California

Cheapest home for sale: $1,480,000
Average home value: $2,787,203
Median income: $187,633

Ron and Patty Thomas / Getty Images/iStockphoto

Newport Beach, California

Cheapest home for sale: $1,490,000
Average home value: $4,070,144
Median income: $158,461

Bridgehampton, New York

Cheapest home for sale: $1,600,000
Average home value: $4,153,104
Median income: $168,167

Elizabeth Winterbourne / Shutterstock.com

Portola Valley, California

Cheapest home for sale: $1,695,000
Average home value: $4,103,162
Median income: $250,000+

Sanfranman59 / Wikimedia Commons CC-BY-SA-3

Palo Alto, California

Cheapest home for sale: $1,745,000
Average home value: $3,994,765
Median income: $220,408

See More: 10 Best Places To Buy a Short-Term Rental Property To Earn Passive Income in 2025

Victoria Lipov / Shutterstock.com

Old Westbury, New York

Cheapest home for sale: $1,770,000
Average home value: $2,702,865
Median income: $250,000+

Story Continues

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Piedmont, California

Cheapest home for sale: $1,789,000
Average home value: $2,374,618
Median income: $250,000+

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Burlingame, California

Cheapest home for sale: $1,798,000
Average home value: $2,849,427
Median income: $168,832

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Cupertino, California

Cheapest home for sale: $1,888,000
Average home value: $3,427,454
Median income: $231,139

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Tiburon, California

Cheapest home for sale: $1,950,000
Average home value: $3,312,069
Median income: $212,794

Also See: Here’s the Minimum Salary Required To Be Considered Upper Class in California

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Amagansett, New York

Cheapest home for sale: $1,995,000
Average home value: $3,044,107
Median income: $172,241

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Manhattan Beach, California

Cheapest home for sale: $1,999,000
Average home value: $3,191,048
Median income: $193,904

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Saratoga, California

Cheapest home for sale: $2,095,000
Average home value: $4,274,109
Median income: $241,348

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Rolling Hills, California

Cheapest home for sale: $2,098,000
Average home value: $3,242,617
Median income: $250,000+

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Rancho Santa Fe, California

Cheapest home for sale: $2,150,000
Average home value: $4,470,077
Median income: $236,429

Discover More: What Salary Single People Need To Live Comfortably in 100 Major US Cities

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Sagaponack, New York

Cheapest home for sale: $2,195,000
Average home value: $6,685,923
Median income: $95,417

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Beverly Hills, California

Cheapest home for sale: $2,250,000
Average home value: $5,653,653
Median income: $127,979

Sundry Photography / Getty Images/iStockphoto

Emerald Lake Hills, California

Cheapest home for sale: $2,250,000
Average home value: $2,902,792
Median income: $250,000+

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Medina, Washington

Cheapest home for sale: $2,388,500
Average home value: $4,677,196
Median income: $249,688

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Del Mar, California

Cheapest home for sale: $2,400,000
Average home value: $4,172,031
Median income: $192,845

For You: 5 Cities Where Homes Will Be a Total Steal in 2 Years

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Belvedere, California

Cheapest home for sale: $2,450,000
Average home value: $4,538,295
Median income: $250,000+

Deal, New Jersey

Cheapest home for sale: $2,450,000
Average home value: $4,043,692
Median income: $77,679

Chloe Harris / Getty Images/iStockphoto

Montecito, California

Cheapest home for sale: $2,500,000
Average home value: $5,826,878
Median income: $222,966

SounderBruce / Wikimedia Commons

Clyde Hill, Washington

Cheapest home for sale: $2,500,000
Average home value: $4,296,303
Median income: $250,000+

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Wainscott, New York

Cheapest home for sale: $2,650,000
Average home value: $3,738,048
Median income: $135,625

Also See: The Money You Need To Save Monthly To Retire Comfortably in Every State

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Monte Sereno, California

Cheapest home for sale: $2,695,000
Average home value: $4,395,552
Median income: $250,000+

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Ross, California

Cheapest home for sale: $2,695,000
Average home value: $3,708,057
Median income: $250,000+

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Golden Beach, Florida

Cheapest home for sale: $2,995,000
Average home value: $6,922,905
Median income: $250,000+

Crystal Bolin Photography / Getty Images/iStockphoto

Manalapan, Florida

Cheapest home for sale: $2,995,000
Average home value: $6,893,057
Median income: $203,250

NNehring / Getty Images/iStockphoto

Los Altos, California

Cheapest home for sale: $2,999,999
Average home value: $4,739,431
Median income: $250,000+

Explore More: The Living Wage a Family of 4 Needs in All 50 States

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Stanford, California

Cheapest home for sale: $3,300,000
Average home value: $3,651,737
Median income: $70,651

Alpine, New Jersey

Cheapest home for sale: $3,499,000
Average home value: $2,857,771
Median income: $250,000+

Sanfranman59 / Wikimedia Commons

Hillsborough, California

Cheapest home for sale: $3,790,000
Average home value: $5,219,561
Median income: $250,000+

Hunts Point, Washington

Cheapest home for sale: $3,985,000
Average home value: $8,153,743
Median income: $250,000+

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Atherton, California

Cheapest home for sale: $3,988,000
Average home value: $7,551,668
Median income: $250,000+

Check Out: The Salary Needed To Afford America’s 50 Biggest Cities

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Los Altos Hills, California

Cheapest home for sale: $3,988,000
Average home value: $6,162,765
Median income: $250,000+

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Stinson Beach, California

Cheapest home for sale: $4.5 million
Average home value: $3,362,220
Median income: $117,000

Yarrow Point, Washington

Cheapest home for sale: $4,550,000
Average home value: $4,511,305
Median income: $250,000+

Find Out: How Much Money Is Needed To Be Considered Middle Class in Every State?

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Hidden Hills, California

Cheapest home for sale: $4,990,000
Average home value: $5,009,130
Median income: $250,000+

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Jupiter Island, Florida

Cheapest home for sale: $5,100,000
Average home value: $9,514,524
Median income: $246,500

benedek / Getty Images/iStockphoto

Nicasio, California

Cheapest home for sale: $6,995,000
Average home value: $1,769,680
Median income: $236,250

Editor’s note: Photos are for representational purposes only and might not reflect the exact locations listed.

Methodology: For this piece GOBankingRates used Sperling’s BestPlaces cost of living data and Zillow’s April 2025 home value data to find some of the most expensive places to live in America. With these cities isolated, GOBankingRates then found the 2025 average home value (sourced from Zillow’s April 2025 data) and the median and average household income for each city (sourced from the 2023 American Community Survey conducted by the U.S. Census Bureau). To find the cheapest house for sale, GOBankingRates used Zillow listings for the city, looking at single-family houses. All data was collected on and is up to date as of June 11, 2025.

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