6 Beach Cities Where It's Now Cheaper To Buy a Home
Have you been toying with the idea of buying a beach home for your family to enjoy?
Maybe you’re looking for a new primary residence or maybe it’s a vacation home. But with housing prices rising across the country, you might feel you’ve been priced out of the market.
Luckily, there are several beach cities where it’s now cheaper to buy a home. Here are six you could consider.
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1. Daytona Beach, Florida
Daytona Beach has become more affordable over the past year due to an increase in inventory. This has driven down prices by 4.6%, bringing the average sales price to $253,188. This softening in the market is giving buyers more negotiating power than they’ve had in several years.
Buyers love Daytona Beach for its mix of condominiums and single-family homes. The 23 miles of beachfront is a strong selling point as well.
2. Atlantic City, New Jersey
For years, Atlantic City has been one of the most affordable cities on the Atlantic coast for buying a home. Even though average prices have increased 2.1% over the past year to $221,432, prices in some areas haven’t held up as well.
Located only two hours from Philadelphia, Atlantic City is a popular place to settle down because of its casinos and entertainment, along with less competition compared to nearby Jersey Shore communities.
3. Gulfport, Mississippi
Gulfport offers a nice mix of affordability and the coastal lifestyle you’re looking for. Housing prices average $205,550 and have been roughly flat over the past year. This stability is primarily due to increased inventory that’s come onto the market over the past year.
Gulfport is a popular alternative for many families looking for homes on the Florida panhandle because of its lower insurance costs and taxes.
4. Pensacola, Florida
South Florida has seen housing prices spike dramatically over the past several years. However, that same trend hasn’t played out in the northern part of the state, such as Pensacola, where prices are up only 0.9% over the past year to $268,527. With more listings available and less buyer competition, there are several areas of the city where prices have been trending downward since last year.
5. Corpus Christi, Texas
Home prices in Corpus Christi have decreased 0.5% over the past year to $226,792, making this Texas beach town a more attractive option for first-time homebuyers and bargain hunters. With supply continuing to come on the market, prices could still move lower.
6. Fort Pierce, Florida
Fort Pierce and the rest of Florida’s Treasure Coast have become an appealing option for buyers as prices have been falling over the past couple of years. The average home price is now $278,154, down from $299,362 in early 2024.
Beyond the attractive prices, Fort Pierce is drawing buyers’ attention for its downtown revitalization and beaches with fewer people.
Editor's note: All average home prices for each beach city was sourced from Zillow.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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