Snag a Bargain City Home for Under $300K: 5 Ultra-Affordable Properties in Popular Places Where Prices Are Plummeting

Homebuyers looking for budget-savvy residential real estate could well be in for a treat in 2025—if they know where to look.

According to the Realtor.com® December Housing Market Report, prices in more than half of the 50 largest metros in the U.S. have plummeted year over year, with five hugely popular cities leading the charge in price reductions.

Nationwide, the median list price fell by 1.8% year over year, settling at $402,502 last month, even as the price per square foot inched up by 1.3% during the same time. It points to a glut of smaller and more affordable homes on the market.

Topping the list of cities where prices are falling the fastest is San Francisco, with a 10.87% decrease, while Miami and Austin, TX, follow closely behind.

While this news might not bode well for sellers, for those buyers ready to take the jump onto the property ladder—or perhaps expand an existing portfolio with an additional investment—it is the perfect time to pick up a bargain property.

From Tampa, FL, to Kansas City, MO, we have rounded up five ultra-affordable homes priced below $300,000—and they’re all located in sought-after cities where prices are falling the fastest.

1. San Francisco, CA

2040 Fell St Apt 10, San Francisco, CA

Price: $207,555

According to the listing, the Mayor’s Office of Housing is looking for an income-eligible, first-time homebuyer for this below-market rate opportunity “subject to resale controls, monitoring & other restrictions.”

The one-bedroom condo in the Panhandle neighborhood boasts 1,593 square feet of living space. The light-filled interior features an oversized bay window, French doors, and hardwood floors.

The 12-unit building constructed in 1925 is located near Golden Gate Park.

2. Miami, FL

496 NW 165th St Rd Apt D412, Miami, FL

Price: $200,000

Here’s a chance to live in a tropical paradise for a very affordable price. This two-bedroom condo in the gated Monte Carlo Condominium building has been completely remodeled.

An updated galley kitchen features stainless-steel appliances and stone countertops. Hardwood and tile floors can be found throughout the 1,175-square-foot interior.

Conveniently located off Route 95 in the Biscayne Gardens neighborhood, the art deco building’s community amenities include an in-ground pool, fitness center, and tennis courts.

3. Austin, TX

5007 Fort Clark Dr, Austin, TX

Price: $285,000

This move-in ready, three-bedroom townhouse nestled in a 68-unit development is being offered fully furnished. The 1,234-square-foot interior has been updated over the years to now offer a modern kitchen with stainless-steel appliances, including a built-in microwave, and a new refrigerator.

A partly covered private patio ideal for entertaining is accessible from the kitchen and features a cute turf area along with additional space for grilling.

Located in South Austin, the two-story unit comes with a one-car garage that also includes a washer, dryer, and storage area.

4. Kansas City, MO

6143 Forest Ave, Kansas City, MO

Price: $230,000

This adorable two-bedroom bungalow with a covered front porch has been entirely remodeled. Built in 1929, the 1,134-square-foot residence boasts new interior paint, new carpeting, luxury vinyl plank flooring, and updated finishes.

A gas fireplace with built-in shelving can be found in the spacious living room. The stylish kitchen has access to a back deck overlooking the fenced yard. A spacious primary suite offers dual vanities and a new shower.

There is also a covered porch designed for entertaining and relaxing.

5. Tampa, FL

16304 Rambling Vine Dr W, Tampa, FL 

Price: $289,900

Here’s the chance to live affordably on the Northdale Golf Course. Overlooking Island Green’s ninth hole, this modernized townhouse features new luxury vinyl flooring, a new air-conditioning system, and an updated kitchen with new appliances.

The spacious living room has access to a small patio with fencing on either side for privacy and stunning golf course views. Two en suite bedrooms, including an oversized primary, can be found upstairs.

Even the $289 monthly homeowners association fee here is under par, providing access to resort-style amenities, including a pool, and a golf and tennis club.