Call (253) 999-2371 Paul Chunyk is a Realtor in Tacoma, WA. See our new homes for sale in Tacoma, Washington, and all of Pierce County. Search the Tacoma Real Estate Market - condos, mansions, luxury homes, and more

Top 10 Cheapest Beach Towns In The United States

Having a home in a beach town is a dream come true for many people. The beach brings fresh air, beautiful nature, and easy entertainment. Visiting the beach is a top destination for vacations. To have a home by the beach enables a person to have access to their ideal vacation spot on an everyday basis. In general, beach town homes are going to be more expensive than the typical home. The supply of beach town properties is limited. Therefore, finding an affordable beach town property is challenging. Realtor.com conducted a study in order to determine the top 10 affordable and unaffordable beach towns in the U.S. The cities that were included in this analysis had to have a population of over 1,000. According to this study, the top 10 cheapest beach towns in the United States are:

  1. Port Richey, Florida: Located on the west side of Florida, Port Richey was ranked as the most affordable beach town in the U.S. Port Richey, not to be confused with New Port Richey, has a small population of 2,872, just above the 1,000 limit of this study. This city was ranked the most affordable beach town because of its median list price of $78,000, average home price of $105,704, and average sale price of $123,584. This is below the median list price, average home price, and average sale price of homes in the state of Florida, which are at $171,800, $205,594 and $260,340 respectively. In this city, the cost of living is 10.6% lower than the average cost of living in all of Florida, increasing how affordable it really is to live there. A notable fact about Port Richey is that it does have a connection to a few famous people. Johnny Cash and June Carter Cash owned a property in this city for 23 years, until 2002.
  2. Pascagoula, Mississippi: With only a small border that reaches the ocean, Mississippi is home to three of the most affordable beach towns. Pascagoula is the second most affordable beach town with a population of 22,749. The median list price of this city is $98,000, with an average home price of $118,464. In comparison, the state of Mississippi has an average home price of $204,959, almost double that of Pascagoula. Pascagoula is most known as a ship building industrial city. Hurricane Katrina also majorly affected the city back in 2005, flooding the majority of homes.
  3. Atlantic City, New Jersey: The population of the third most affordable beach town in the U.S. is 39,882. The average home price in Atlantic City is $89,900, while the average sold price is $114,833. The median list price is $188,000. The average home price is lower than that of the state of New Jersey ($147,128) and that of the U.S. ($205,250). The cost of living in Atlantic City is 73.4% lower than that of the state of New Jersey. This city is in more of a seller’s market than buyers market, as the demand for homes is high. But the price for homes in Atlantic City has yet to catch up to that of the rest of the state. A fun fact about this city is that the original version of the Monopoly game was designed using the streets found in Atlantic City.
  4. Waveland, Mississippi: This city is located to the west of Port Richey. It has a population of 6,089. It is a small city, but has been growing with a 5.8% population growth since last year. The average home price is $80,512, having the lowest average home price of the cities mentioned on this list. But the median list price of Waveland is $122,000, making it the fourth most affordable city. A notable fact about Waveland is that it has been majorly affected by two hurricanes: Hurricane Camille and Hurricane Katrina within the last 50 years.
  5. Deerfield Beach, Florida: Deerfield Beach has a larger population than the cities previously mentioned, with a population of 72,655. However, it also has a more expensive average home price of $369,194, making it over $100,000 more expensive than that of the state of Florida and the US. But the average sold price and median list price are typical for the cities on this list, at $161,772 and $134,000 respectively. A fun fact about Deerfield Beach is that it was named back in 1898 for the number of deer that were found in the city. Though the deer do not remain, the name does.
  6. Gautier, Mississippi: This city has a population of 16,517. The average home price is $154,347 and the median list price is $134,000, making it the 6thmost affordable beach town. The median household income of Gautier is $47,972, in comparison to $39,793 in the state of Mississippi. Therefore, this city has homes that are more affordable than those in the state, yet a median household income that is higher than that of the state. Gautier is one more city that was affected by Hurricane Katrina.
  7. Crisfield, Maryland: This city has the smallest population for cities on this list, barely reaching the 1,000 mark. The average home price is $143,119 while the average sold price is $94,140. The median list price is $138,000. The average home price in the state of Maryland is extremely high, at $1,696,400, while the average sale price is comparative to the entire U.S. at $300,794. The median household income of Crisfield is fairly standard, at $40,696. But in the state of Maryland, the median household income is $73,461. Crisfield has a lower average home price and lower median household income than the average home price and median household income of the state of Maryland. Crisfield is the home to the National Hard Crab Derby and Fair, a celebration that occurs every Labor Day weekend.
  8. Keansburg, New Jersey: This city has a population of 9,939. The average home price is $150,786, with a very similar average sold price of $149,694. The median list price is $140,000, making it the 8thmost affordable beach town in the U.S. The average home price is actually higher than that of the state of New Jersey by close to $3,000, but still lower than that of the U.S. by close to $50,000. An interesting fact about Keansburg is that it used to be the home of the Lenni Lenape Native Americans before Europeans came and settled in the area.
  9. Palm Bay, Florida: Palm Bay has a population of 104,316. This city has the same median list price as that of Mobile (number 10 on this list) of $144,000. Therefore, Mobile and Palm Bay are tied for being the 9thmost affordable home price. But Palm Bay has a lower average home price and average sold price than that of Mobile. The average home price is $124,950, while the average sold price is $112,140. Palm Bay was ranked by Forbes magazine as the 11th of the 20 most innovative cities in the U.S. back in 2010.
  10. Mobile, Alabama: Mobile has the largest population of cities on this list, with a population of 201,950. The average home price of homes in Mobile is $209,664, which is higher than that of both the state of Alabama’s and the U.S.’s average. The average sold price of homes in Mobile is $165,026, which is lower than that of Alabama’s and the nationwide average. Because of a larger population size, Mobile is better known than the majority of beach towns mentioned on this list. A fun fact about Mobile is that it celebrated the first Mardi Gras celebration in the U.S.

 

If you want to move to a beach town that is not going to cost you millions of dollars, these are the best cities to move to. With affordable homes, these cities will keep homebuyers from using all of their lives savings to purchase a home. But as these cities become more popular, the cost of homes will increase. These cities are not guaranteed to stay affordable forever.


*The statistics used for this article were based off of statistics taken from Realtor.com and Trulia.com.

Contact Paul Chunyk

Reach out to me, I would love to give you more details and get you headed in the right direction to accomplish your goals.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.