37 Cities Where Saving Less Than $20 a Day Can Buy You a Home in 5 Years

Saving up to buy a home can be a formidable task, and one that can feel impossible to manage as costs of living rise and the U.S. continues to experience a housing inventory shortage that drives up real estate prices.

But building a nest egg to buy a home could be easier than you think, depending on which city you wish to buy in. There are many metros where you can save less than $20 a day, with the purpose of buying a home, and succeed in buying in five years.

In order to find out where you need to save $20 or less daily to afford a home in five years, MutualFund analyzed the median home price in June 2024 across the nation’s 170 most populated cities. From there, it calculated how much buyers would need to save annually as well as daily over a five-year period to afford a 15% down payment on a home.  

Here are the 37 cities where saving less than $20 a day can get you a home over a five-year period.

• Median home price: $241,555
• Down payment: $36,233.25
• Annual savings goal (five years): $7,246.65
• Daily savings goal: $19.85

• Median home price: $239,496
• Down payment: $35,924.40
• Annual savings goal (five years): $7,184.88
• Daily savings goal: $19.68

• Median home price:$233,376
• Down payment: $35,006.40
• Annual savings goal (five years): $7,001.28
• Daily savings goal: $19.18

• Median home price: $233,043
• Down payment: $34,956.45
• Annual savings goal (five years): $6,991.29
• Daily savings goal: $19.15

• Median home price: $231,197
• Down payment: $34,679.55
• Annual savings goal (five years): $6,935.91
• Daily savings goal: $19

• Median home price:$227,728
• Down payment: $34,159.20
• Annual savings goal (five years): $6,831.84
• Daily savings goal: $18.72

• Median home price: $225,159
• Down payment: $33,773.85
• Annual savings goal (five years): $6,754.77
• Daily savings goal: $18.51

• Median home price: $224,734
• Down payment: $33,710.10
• Annual savings goal (five years): $6,742.02
• Daily savings goal: $18.47

• Median home price: $223,488
• Down payment: $33,523.20
• Annual savings goal (five years): $6,704.64
• Daily savings goal: $18.37

• Median home price: $223,913
• Down payment: $33,586.95
• Annual savings goal (five years): $6,717.39
• Daily savings goal: $18.40

• Median home price: $222,135
• Down payment: $33,320.25
• Annual savings goal (five years): $6,664.05
• Daily savings goal: $18.26

• Median home price: $221,575
• Down payment: $33,236.25
• Annual savings goal (five years): $6,647.25
• Daily savings goal: $18.21

• Median home price: $217,984
• Down payment: $32,697.60
• Annual savings goal (five years): $6,539.52
• Daily savings goal: $17.92

• Median home price: $213,834
• Down payment: $32,075.10
• Annual savings goal (five years): $6,415.02
• Daily savings goal: $17.58

• Median home price: $210,393
• Down payment: $31,558.95
• Annual savings goal (five years): $6,311.79
• Daily savings goal: $17.29

• Median home price: $208,972
• Down payment: $31,345.80
• Annual savings goal (five years): $6,269.16
• Daily savings goal: $17.18

• Median home price: $207,838
• Down payment: $31,175.70
• Annual savings goal (five years): $$6,235.14
• Daily savings goal: $17.08

• Median home price: $206,706
• Down payment: $31,005.90
• Annual savings goal (five years): $6,201.18
• Daily savings goal: $16.99

• Median home price: $205,889
• Down payment: $30,883.35
• Annual savings goal (five years): $6,176.67
• Daily savings goal: $16.92

• Median home price: $204,809
• Down payment: $30,721.35
• Annual savings goal (five years): $6,144.27
• Daily savings goal: $16.83

• Median home price: $200,477
• Down payment: $30,071.55
• Annual savings goal (five years): $$6,014.31
• Daily savings goal: $16.48

• Median home price: $198,504
• Down payment: $29,775.60
• Annual savings goal (five years): $5,955.12
• Daily savings goal: $16.32

• Median home price: $194,279
• Down payment: $29,141.85
• Annual savings goal (five years): $5,828.37
• Daily savings goal: $15.97

• Median home price: $191,080
• Down payment: $28,662.00
• Annual savings goal (five years): $5,732.40
• Daily savings goal: $15.71

• Median home price: $188,560
• Down payment: $28,284
• Annual savings goal (five years): $$5,656.80
• Daily savings goal: $15.50

• Median home price: $186,717
• Down payment: $28,007.55
• Annual savings goal (five years): $5,601.51
• Daily savings goal: $15.35

• Median home price: $181,513
• Down payment: $27,226.95
• Annual savings goal (five years): $5,445.39
• Daily savings goal: $14.92

• Median home price: $176,796
• Down payment: $26,519.40
• Annual savings goal (five years): $5,303.88
• Daily savings goal: $14.53

• Median home price: $152,280
• Down payment: $22,842
• Annual savings goal (five years): $4,568.40
• Daily savings goal: $12.52

• Median home price: $144,466
• Down payment: $21,669.90
• Annual savings goal (five years): $4,333.98
• Daily savings goal: $11.87

• Median home price: $138,808
• Down payment: $20,821.20
• Annual savings goal (five years): $4,164.24
• Daily savings goal: $11.41

• Median home price: $133,601
• Down payment: $20,040.15
• Annual savings goal (five years): $4,008.03
• Daily savings goal: $10.98

• Median home price: $132,979
• Down payment: $19,946.85
• Annual savings goal (five years): $3,989.37
• Daily savings goal: $10.93

• Median home price: $123,237
• Down payment: $18,485.55
• Annual savings goal (five years): $3,697.11
• Daily savings goal: $10.13

• Median home price: $110,545
• Down payment: $16,581.75
• Annual savings goal (five years): $3,316.35
• Daily savings goal: $9.09

• Median home price: $72,457
• Down payment: $10,868.55
• Annual savings goal (five years): $2,173.71
• Daily savings goal: $5.96

• Median home price: $64,014
• Down payment: $9,602.10
• Annual savings goal (five years): $1,920.42
• Daily savings goal: $5.26