34 Best and Worst Cities for Affordable Condos

Purchasing a condo can be a more affordable route to homeownership compared to buying a traditional single-family home. The median condo price is still under $300,000 in most major cities, Zoocasa reported.

However, affordability doesn’t just depend on the list price — what’s affordable to a buyer in a city with higher wages could be unaffordable to a buyer in a city where workers earn less. To find the most and least affordable cities to buy a condo, Zoocasa analyzed median condo price data in 34 markets across the U.S. and calculated how many months it would take a homebuyer earning the median household income to save for an 8% down payment — the typical down payment for a first-time homebuyer.

Here’s a look at how the cities ranked, from most to least affordable for condo buyers.

• Median condo price: $167,000
• 8% down payment: $13,360
• Median household income: $59,593
• Months of income the down payment represents: 2.7 months

• Median condo price: $260,000
• 8% down payment: $20,800
• Median household income: $77,049
• Months of income the down payment represents: 3.2 months

• Median condo price: $352,400
• 8% down payment: $28,192
• Median household income: $101,722
• Months of income the down payment represents: 3.3 months

• Median condo price: $214,800
• 8% down payment: $17,184
• Median household income: $63,114
• Months of income the down payment represents: 3.3 months

• Median condo price: $195,000
• 8% down payment: $15,600
• Median household income: $52,899
• Months of income the down payment represents: 3.5 months

• Median condo price: $284,200
• 8% down payment: $22,736
• Median household income: $77,655
• Months of income the down payment represents: 3.5 months

• Median condo price: $280,000
• 8% down payment: $22,400
• Median household income: $71,673
• Months of income the down payment represents: 3.7 months

• Median condo price: $229,500
• 8% down payment: $18,360
• Median household income: $59,110
• Months of income the down payment represents: 3.7 months

• Median condo price: $235,000
• 8% down payment: $18,800
• Median household income: $60,440
• Months of income the down payment represents: 3.7 months

• Median condo price: $253,000
• 8% down payment: $20,240
• Median household income: $62,994
• Months of income the down payment represents: 3.9 months

• Median condo price: $346,400
• 8% down payment: $27,712
• Median household income: $85,876
• Months of income the down payment represents: 3.9 months

• Median condo price: $290,000
• 8% down payment: $23,200
• Median household income: $70,852
• Months of income the down payment represents: 3.9 months

• Median condo price: $355,600
• 8% down payment: $28,448
• Median household income: $86,556
• Months of income the down payment represents: 3.9 months

• Median condo price: $215,000
• 8% down payment: $17,200
• Median household income: $52,941
• Months of income the down payment represents: 3.9 months

• Median condo price: $256,400
• 8% down payment: $20,512
• Median household income: $61,503
• Months of income the down payment represents: 4 months

• Median condo price: $338,200
• 8% down payment: $27,056
• Median household income: $78,954
• Months of income the down payment represents: 4.1 months

• Median condo price: $161,500
• 8% down payment: $12,920
• Median household income: $37,271
• Months of income the down payment represents: 4.2 months

• Median condo price: $238,900
• 8% down payment: $19,112
• Median household income: $54,305
• Months of income the down payment represents: 4.2 months

• Median condo price: $290,000
• 8% down payment: $23,200
• Median household income: $64,138
• Months of income the down payment represents: 4.3 months

• Median condo price: $297,945
• 8% down payment: $23,836
• Median household income: $66,802
• Months of income the down payment represents: 4.3 months

• Median condo price: $263,600
• 8% down payment: $21,088
• Median household income: $57,537
• Months of income the down payment represents: 4.4 months

• Median condo price: $420,000
• 8% down payment: $33,600
• Median household income: $85,853
• Months of income the down payment represents: 4.6 months

• Median condo price: $339,900
• 8% down payment: $27,192
• Median household income: $71,328
• Months of income the down payment represents: 4.6 months

• Median condo price: $285,800
• 8% down payment: $22,864
• Median household income: $59,319
• Months of income the down payment represents: 4.6 months

• Median condo price: $248,000
• 8% down payment: $19,840
• Median household income: $52,049
• Months of income the down payment represents: 4.6 months

• Median condo price: $214,500
• 8% down payment: $17,160
• Median household income: $44,156
• Months of income the down payment represents: 4.7 months

• Median condo price: $350,000
• 8% down payment: $28,000
• Median household income: $72,092
• Months of income the down payment represents: 4.7 months

• Median condo price: $379,900
• 8% down payment: $30,392
• Median household income: $76,607
• Months of income the down payment represents: 4.8 months

• Median condo price: $294,600
• 8% down payment: $23,568
• Median household income: $58,349
• Months of income the down payment represents: 4.8 months

• Median condo price: $340,000
• 8% down payment: $27,200
• Median household income: $64,215
• Months of income the down payment represents: 5.1 months

• Median condo price: $800,000
• 8% down payment: $64,000
• Median household income: $136,689
• Months of income the down payment represents: 5.6 months

• Median condo price: $374,008
• 8% down payment: $29,921
• Median household income: $59,606
• Months of income the down payment represents: 6.0 months

• Median condo price: $650,000
• 8% down payment: $52,000
• Median household income: $83,411
• Months of income the down payment represents: 7.5 months

• Median condo price: $740,000
• 8% down payment: $59,200
• Median household income: $89,212
• Months of income the down payment represents: 7.9 months

All data is sourced from Zoocasa and is accurate as of April 18, 2024.