If living on the coast is becoming a distant dream for buyers looking at homes in beach towns, then these 10 cities picked by Realtor.com give hope.
To find beach towns that were big on amenities, yet easy on the pocket, Realtor.com looked at home listings that mentioned the word ocean across the country’s 900 largest housing market to find the towns with the lowest median list prices between April 2017 and May 2018.
The most affordable beach town in the country, Realtor.com found, was Gulfport, Mississippi. With a median home list price of $184,100, housing prices in this city on the Gulf Coast had suffered after being impacted by Hurricane Katrina in 2005, followed by the financial crisis a few years later. Though they’re on the upswing now, home prices in this community are still among the most affordable with home right on the water starting around $300,000 and get cheaper as one goes inland.
The second spot on the list went to a town further north in North Carolina. The military town of Jacksonville, Realtor.com’s study indicated, had an average listing price of $184,600. However, Emerald Isle, which is a part of this town but an independent island just off its coast had homes that were priced between $500,000 and $1 million.
For buyers who are strapped of affordable options on the West Coast, Aberdeen, Washington is the place to be. Median home list price here is $208,400 getting the town a third spot on the list. However, single-family homes can cost $300,000 to $400,000 in Aberdeen.
With a median home list price of $229,000, Atlantic City, New Jersey came in fourth. According to Realtor.com, “One-bedroom condos with ocean views range from $125,000 to $300,000” while single-family units “start around $150,000 and can top $500,000.”
Myrtle Beach in South Carolina rounded off the top five affordable beach communities with a median home list price of $234,800 while Corpus Christi, Texas came in a close sixth with a median home list price of $237,600.
Palm Bay, Florida (median price $261,600); Virginia Beach, Virginia ($273,200); Coos Bay, Oregon ($274,200); and Port Saint Lucie, Florida ($274,700) were among the top 10 most affordable beach towns in the country.