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.
Water Mill, New York
Cheapest home for sale: $969,000
Average home value: $4,425,900
Median income: $158,250
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Woodside, California
Cheapest home for sale: $985,000
Average home value: $3,889,891
Median income: $250,000+
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Kentfield, California
Cheapest home for sale: $999,000
Average home value: $2,689,118
Median income: $231,875
Menlo Park, Californa
Cheapest home for sale: $1,175,000
Average home value: $2,998,630
Median income: $206,588
Sands Point, New York
Cheapest home for sale: $1,199,000
Average home value: $3,040,482
Median income: $250,000+
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+
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San Marino, California
Cheapest home for sale: $1,480,000
Average home value: $2,787,203
Median income: $187,633
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
Portola Valley, California
Cheapest home for sale: $1,695,000
Average home value: $4,103,162
Median income: $250,000+
Palo Alto, California
Cheapest home for sale: $1,745,000
Average home value: $3,994,765
Median income: $220,408
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Old Westbury, New York
Cheapest home for sale: $1,770,000
Average home value: $2,702,865
Median income: $250,000+
Piedmont, California
Cheapest home for sale: $1,789,000
Average home value: $2,374,618
Median income: $250,000+
Burlingame, California
Cheapest home for sale: $1,798,000
Average home value: $2,849,427
Median income: $168,832
Cupertino, California
Cheapest home for sale: $1,888,000
Average home value: $3,427,454
Median income: $231,139
Tiburon, California
Cheapest home for sale: $1,950,000
Average home value: $3,312,069
Median income: $212,794
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Amagansett, New York
Cheapest home for sale: $1,995,000
Average home value: $3,044,107
Median income: $172,241
Manhattan Beach, California
Cheapest home for sale: $1,999,000
Average home value: $3,191,048
Median income: $193,904
Saratoga, California
Cheapest home for sale: $2,095,000
Average home value: $4,274,109
Median income: $241,348
Rolling Hills, California
Cheapest home for sale: $2,098,000
Average home value: $3,242,617
Median income: $250,000+
Rancho Santa Fe, California
Cheapest home for sale: $2,150,000
Average home value: $4,470,077
Median income: $236,429
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Sagaponack, New York
Cheapest home for sale: $2,195,000
Average home value: $6,685,923
Median income: $95,417
Beverly Hills, California
Cheapest home for sale: $2,250,000
Average home value: $5,653,653
Median income: $127,979
Emerald Lake Hills, California
Cheapest home for sale: $2,250,000
Average home value: $2,902,792
Median income: $250,000+
Medina, Washington
Cheapest home for sale: $2,388,500
Average home value: $4,677,196
Median income: $249,688
Del Mar, California
Cheapest home for sale: $2,400,000
Average home value: $4,172,031
Median income: $192,845
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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
Montecito, California
Cheapest home for sale: $2,500,000
Average home value: $5,826,878
Median income: $222,966
Clyde Hill, Washington
Cheapest home for sale: $2,500,000
Average home value: $4,296,303
Median income: $250,000+
Wainscott, New York
Cheapest home for sale: $2,650,000
Average home value: $3,738,048
Median income: $135,625
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Monte Sereno, California
Cheapest home for sale: $2,695,000
Average home value: $4,395,552
Median income: $250,000+
Ross, California
Cheapest home for sale: $2,695,000
Average home value: $3,708,057
Median income: $250,000+
Golden Beach, Florida
Cheapest home for sale: $2,995,000
Average home value: $6,922,905
Median income: $250,000+
Manalapan, Florida
Cheapest home for sale: $2,995,000
Average home value: $6,893,057
Median income: $203,250
Los Altos, California
Cheapest home for sale: $2,999,999
Average home value: $4,739,431
Median income: $250,000+
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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+
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+
Atherton, California
Cheapest home for sale: $3,988,000
Average home value: $7,551,668
Median income: $250,000+
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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+
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+
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Hidden Hills, California
Cheapest home for sale: $4,990,000
Average home value: $5,009,130
Median income: $250,000+
Jupiter Island, Florida
Cheapest home for sale: $5,100,000
Average home value: $9,514,524
Median income: $246,500
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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This article originally appeared on GOBankingRates.com: The Cheapest Homes You Can Buy in the 50 Most Expensive Cities
