10 Great Affordable Neighborhoods for 2019

Happy homeowners
Photo by sirtravelalot / Shutterstock.com

Looking for new digs this year? If you’re searching for a hot, affordable neighborhood, consider picking up stakes and moving to Philadelphia or Baltimore.

Those two Eastern metros are home to six of the 10 hottest affordable neighborhoods of 2019, according to a report from Redfin.

In compiling its list, the real estate brokerage looked at year-over-year growth in listing views and “favorite” listings on Redfin’s website. It also mixed in opinions from Redfin agents in determining which neighborhoods are growing in popularity.

In addition, Redfin limited its list to neighborhoods with “a price cap of $294,000,” which is the median home price across all of the markets that the brokerage serves.

According to the report, the hottest affordable neighborhoods for this year — and the median sale price of homes in each neighborhood — are:

  • McKinley Park, Chicago — median home sale price of $270,000
  • East Mount Airy, Philadelphia — $200,000
  • Parkville, Baltimore — $204,900
  • Hamilton, Baltimore — $159,500
  • Fircrest, Vancouver, Washington (Portland metro)– $282,500
  • Bustleton, Philadelphia — $248,250
  • Linthicum, Baltimore — $271,000
  • Lowell, Massachusetts (Boston metro) — $249,250
  • Fox Chase, Philadelphia — $219,000
  • Beacon Hill, San Antonio — $213,264

In explaining its rankings, Redfin noted a trend toward people moving away from city centers to places that feel more like the suburbs.

For example, the three neighborhoods on the outskirts of Baltimore that appear on this year’s list — Parkville, Hamilton and Linthicum — meet that criteria. Redfin agent Rebecca Hall says the following about the homebuyers who are settling in those areas:

“They’re moving to areas that don’t feel as dense; they have more of a neighborhood feel and that’s really appealing to homebuyers. You can get larger single-family homes rather than the row houses Baltimore is known for, and they’re less expensive. Some of these pockets are also known for desirable charter schools.”

Finding the right neighborhood for you

If you’re searching for a new home this year, do your homework. It’s important to find an area where homes are well within your budget. To learn more about affordable U.S. housing markets — as well as insanely expensive ones — check out “How Much You Need to Earn to Buy a House in 20 Major U.S. Cities.”

Of course, an affordable home is only part of the equation.

Once you zero in on the perfect location, it’s time to start searching for your dream home — but not until you have a clear picture of your financial situation. As we have noted in “10 Steps to Finding Your Dream Home“:

“Savvy home shoppers nail down financing before shopping for homes. Know exactly what you can comfortably afford so you aren’t tempted to stretch to pay more than you should.”

Where is your dream neighborhood? Share your vision with us in comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
Have You Heard of This Best Place to Retire in 2020?
Have You Heard of This Best Place to Retire in 2020?

The best place to retire in America is one you likely are not familiar with.

26 Work-From-Home Jobs That Pay $100,000
26 Work-From-Home Jobs That Pay $100,000

These lucrative gigs let you work in your slippers.

3 Bank Accounts With Perks for Customers Age 55 and Older
3 Bank Accounts With Perks for Customers Age 55 and Older

These checking accounts offer exclusive discounts and other perks — including interest — to older customers.

9 Indestructible Products That Are Worth the Price
9 Indestructible Products That Are Worth the Price

If you’re willing to pay a little more for these products, you may never have to shop for another again.

12 Easy Ways To Make Make Money Online Without Leaving Home
12 Easy Ways To Make Make Money Online Without Leaving Home

If you’re hanging around the house a lot these days — and who isn’t? — use your time to make some extra cash.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
9 Mistakes Everyone Makes When Shopping on Amazon
9 Mistakes Everyone Makes When Shopping on Amazon

Are you losing money due to any of these missteps?

Can a Divorced Widow Claim Her First Husband’s Social Security Benefits?
Can a Divorced Widow Claim Her First Husband’s Social Security Benefits?

The rules are complicated when it comes to eligibility for survivors benefits.

Can a Twice-Divorced Woman Claim Social Security Survivors Benefits?
Can a Twice-Divorced Woman Claim Social Security Survivors Benefits?

Understanding survivors benefits rules is the key to getting the most from your benefit.

These Are the 10 Worst Cars for Depreciation
These Are the 10 Worst Cars for Depreciation

Two types of vehicles are especially likely to see steep plunges in value.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

9 Things You’ll Never See at Costco Again
9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

10 Things I Always Buy at Trader Joe’s
10 Things I Always Buy at Trader Joe’s

From snacks to sweets to side dishes, stock your cart with these time-tested favorites on your next TJ’s run.

Never Buy These 10 Things With Your Credit Card
Never Buy These 10 Things With Your Credit Card

Credit cards offer many conveniences and protections, but sometimes it’s simply smarter to keep the plastic tucked away.

13 Amazon Purchases That We Are Loving Right Now
13 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

5 Ways Social Security Will Change in 2021
5 Ways Social Security Will Change in 2021

These adjustments will affect both workers and retirees in the new year.

11 ‘Disposable’ Items You Should Be Reusing
8 Things You Should Buy at Restaurant Supply Stores
8 Things You Should Buy at Restaurant Supply Stores

You don’t have to be a chef or a restaurant owner to shop here.

Stop Buying These 19 Things Online
Stop Buying These 19 Things Online

The internet has changed how we shop. But for some things, you’re still better off buying the old-fashioned way.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

Cut These 11 Expenses Now If You Hope to Retire Early
Cut These 11 Expenses Now If You Hope to Retire Early

Like the idea of financial independence? Part of the FIRE equation is cutting costs.

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

There are easy high-paying majors available in the U.S. — and no bachelor’s degree is required. We’re here to help you find easy degrees that pay well.

7 Tips for Building an Emergency Food Supply
7 Tips for Building an Emergency Food Supply

A pandemic or natural disaster could leave you reliant on your existing emergency food supply. Is your pantry well-prepared for emergencies? Knowing what to stock up on for emergencies can be a difficult task and we’re here to help.

5 Secrets of Seniors Who Keep Their Minds ‘Young’
5 Secrets of Seniors Who Keep Their Minds ‘Young’

Here is why some seniors’ brains work as well as those of people who are decades younger.

These Are the 4 Best Medicare Advantage Plans for 2020
These Are the 4 Best Medicare Advantage Plans for 2020

Medicare Advantage customers themselves rate these plans highest.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.