With Median List Prices Under $450,000 these Beach-side Spots May Offer an
Affordable Opportunity to Get Year-Round Vitamin Sea
SANTA
CLARA, Calif., May 21, 2024
/PRNewswire/ -- Sixty-nine percent of Americans say they dream
of owning a vacation home one day. While typical waterfront home
prices may make this aspiration seem out of reach,
Realtor.com® just released its Most Affordable Beach
Towns in America list where home buyers can buy into a beach-side
lifestyle without breaking the bank.
In rank order, the Most Affordable Beach Towns in America
include:
- Pascagoula, Miss. - Median
List Price*: $164,900
- Atlantic City, N.J. - Median
List Price*: $239,000
- Deerfield Beach, Fla. - Median
List Price*: $239,950
- Dennis Port, Mass. - Median List Price*: $277,500
- Myrtle Beach, S.C. - Median
List Price*: $299,500
- Corpus Christi, Texas - Median
List Price*: $315,000
- Sunset Beach, N.C. - Median
List Price*: $340,000
- Grand Isle, La. - Median List
Price*: $375,000
- Newport, Ore. - Median List
Price*: $399,950
- Ocean Shores, Wash. - Median
List Price*: $425,000
* Based on data as of March
2024
"Water lovers on a budget may want to check out No. 1 ranked
Pascagoula, Miss. It's located off
of two major waterways: the Gulf of
Mexico and the Pascagoula River and offers a lot of fun
outdoor activities from fishing off the pier, to kayaking in its
unimpeded river system, to an annual summer music festival," said
Keith Griffith, Journalist,
Realtor.com®. "Pascagoula is also home to Chevron's largest
refinery and Ingalls Shipbuilding, which is Mississippi's largest manufacturing employer,
indicating the great mix between work and play that makes the beach
town an attractive place to live."
Over 80% of Americans have been on a vacation within the past 5
years, and more than one third enjoy looking at real estate
listings while on vacation. Though not all vacations end up
beach-side, for fifty-six percent of Americans, their ideal
vacation home is by one, and this year's list of affordable beach
towns offers them a combination of coastal living with access to a
sandy public ocean beach, adequate inventory and affordable median
home listing prices.
The Price is Right
The towns represented in this
year's list of Most Affordable Beach Towns all have median home
listing prices under $450,000, with
options scattered across the country including spots in the
northeast like Dennis Port, Mass. and Atlantic City, N.J., as well as the Carolinas,
like the popular summer destination of Myrtle Beach, S.C. and the picturesque-named
Sunset Beach, N.C.
A Sea of Options and Locations
The beach towns that
made the ranking this year offer prospective buyers a number of
options including plenty of condos, which are typically priced
lower than single-family homes and contributed to the lower median
list prices. While the list includes some usual suspects on the
Gulf Shores like Pascagoula, Miss.
and Grand Isle, La., for the first
time the West coast made an appearance with not one, but two
showings; Newport, Ore. and
Ocean Shores, Wash., which took
the #9 and #10 spots respectively. Cape-Cod enthusiasts may even find some luck
in the village of Dennis Port, Mass., where small beach bungalows
abound.
To read more on the Most Affordable Beach Towns visit
Realtor.com® News & Insights section to read all
about it.
Methodology
Starting with a federal database of
beaches and their locations, we created a list of coastal cities
and towns. Then, we ranked them by median listing prices in March
for single-family homes, including condominiums but excluding
mobile homes. Only cities with at least 25 active listings for the
month were included, to ensure adequate inventory. To make the
final list, these beach towns had to include a sandy, public access
ocean beach within the city limits. Cities on the coast of
estuaries, such as inland bays and sounds, were excluded from this
year's rankings.
Finally, to ensure geographic diversity, we have only included
the single most affordable beach town per state in the top 10
ranking.
About Realtor.com®
Realtor.com®
is an open real estate marketplace built for everyone.
Realtor.com® pioneered the world of digital real estate
more than 25 years ago. Today, through its website and mobile apps,
Realtor.com® is a trusted guide for consumers,
empowering more people to find their way home by breaking down
barriers, helping them make the right connections, and creating
confidence through expert insights and guidance. For professionals,
Realtor.com® is a trusted partner for business growth,
offering consumer connections and branding solutions that help them
succeed in today's on-demand world. Realtor.com® is
operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV]
subsidiary Move, Inc. For more information, visit
Realtor.com®.
Media Contact
press@move.com
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SOURCE Realtor.com