December 2, 2024 | Peter Kinney

Places You Can Buy A Waterfront Home That Are Actually Affordable


A Penny For A Scenery

No, babe, owning a waterside home is not just a pipe dream. From east to west, these 41 cities prove that coastal living doesn't require a billionaire's budget—although having one would help.

Florida

Why These Waterfront Cities Call Your Name

Waterfront cities bring unique advantages that make them particularly appealing. An Environmental Health Perspectives journal mentions that mortality rates drop 12–17% when you live 250m from water. Plus, the properties enjoy a 7.2% price premium over inland homes.

Waterfront CitiesJosh Sorenson, Pexels

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The Real Scoop: What You Should Know Before Diving In

While the allure of waterfront living is strong, downsides exist. Insurance costs in these areas typically run 20-30% higher than inland properties. Then, there are added costs on increased maintenance demands due to salt air and humidity. Floods, rising tides, hurricanes, etc., are also a lingering downside. 

Waterfront livingFernando Reyes, Pexels

Behind The Numbers

Our analysis draws from multiple trusted sources, primarily neighborhoodscout.com. We include metrics that consider factors like cost of living, mortgage payments, and quality of life indicators to identify genuinely affordable waterside gems. Oh, and as a bonus, we also include a little extra on the activities to expect.

HomeZachary Vessels, Pexels

Clearlake, California

Average Home Value: $256,442

Sitting pretty on California's largest natural freshwater lake, Clearlake offers affordable living with a bonus: a warm Mediterranean climate with hot summers. The city's economy and property values have grown significantly year-over-year. Residents enjoy world-class bass fishing and water sports against the backdrop of the stunning Mount Konocti.

Clearlake, CaliforniaClearlake CA September 2021 by Leo The Drone Artist

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Kaunakakai, Hawaii

Average Home Value: $414,000

Think Hawaii's out of your league? This charming Molokai town proves otherwise. With home prices 40% below the state average, Kaunakakai delivers authentic Hawaiian living without the crowds. The food here is also amazing, with fresh-caught fish at local markets at half Honolulu's prices. Small neighborhood; so much to do.

Kaunakakai, HawaiiMolokai by Drone - Hawaii by Stefan Adama

Hilo, Hawaii

Average Home Value: $601,045

Hilo's real estate market offers a rare Hawaiian bargain with both modern and older properties. This ethnically diverse, rainfall-blessed city supports a thriving farmer's market—local produce, crafts, and goods. Cultural festivals occur all the time, and residents enjoy multiple waterfalls within a 25-mile radius. A hiker's paradise.

Hilo, HawaiiAlan L, CC BY 2.0, Wikimedia Commons

Eureka, California

Average Home Value: $469,041

In Eureka, your dollar stretches further than in most of California's coastal cities. The Victorian seaport has seen a significant increase in remote workers since 2020, meaning you can earn by overseeing the waters. Surrounded by redwood forests and beaches, residents enjoy the perfect blend of nature and historic charm.

Eureka, CaliforniaHumboldt Aerial Shots - Eureka, CA by Chad Johnson

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Alexandria, Minnesota

Average Home Value: $393,056

Known as the "Gateway to the Lakes," Alexandria gives you access to 351 lakes within 30 minutes—hiking, fishing, swimming, you've got it all. Property taxes here are 20% lower than in Minnesota's metro areas. About 7.83% of people here work from home, and the biggest population is retirees aged 55–64.

Alexandria, MinnesotaDowntown Alexandria, MN by Danny Sieve

Port Clinton, Ohio

Average Home Value: $184,034

This affordable Lake Erie gem has amazing old styled homes that were built way back in the 1930s. Local walleye fishing generates millions yearly for the regional economy. When you move here, expect limitless lakefront living nearby Sandusky's, plus easy access to Cedar Point amusement park.

Port Clinton, OhioPort Clinton Beach, Lake Erie Summer Aerial 😎🌞🚤 ( PTXVI ) by PineappleXVI

East Stroudsburg, Pennsylvania

Average Home Value: $260,166

East Stroudsburg is in the Poconos, and it offers four seasons of recreation at bargain prices. In the last 12 months, property values have appreciated 7.24%, ranking seventh in both Pennsylvania and America. The Delaware Water Gap provides 70,000 acres of natural playgrounds.

East Stroudsburg, PennsylvaniaMain Street East Stroudsburg, PA | Mavic Air 2 Drone Footage in 4K by PoconoDrone

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Devils Lake, North Dakota

Average Home Value: $233,670

North Dakota's largest natural lake anchors this affordable city with notably lower air and noise pollution rates. This spot has to be an anglers' paradise, especially in the winter ice fishing season, which attracts 50,000 visitors annually. The summers still offer perfect perch and pike hunting.

Devils Lake, North DakotaDevils Lake North Dakota (4K Video) by SkyViewCinematics

Hampton, Virginia

Average Home Value: $307,723

This historic harbor region has a low 13.5% poverty level and an average household income of $64,430. The area hosts the world's largest naval base, so expect passing a couple of residents in uniform. It's a safe locale to retire and raise your kids. Or grandkids.

Hampton, VirginiaHampton, Virginia - [4K] Drone Tour by Infinite Destinations

Gulfport, Mississippi

Average Home Value: $190,978

Welcome to Gulfport, where bays, inlets, and coastal activities rule the day. Post-Katrina rebuilding has helped create a resilient, artsy waterfront community where you can explore historical sites, take ship island excursions, and indulge in some casino wagering. The city's real estate has grown 6.39% in the last decade.

Gulfport, MississippiDrone Flight, Gulfport Mississippi by Gerald Sanchez

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Corpus Christi, Texas

Average Home Value: $244,705

"The Sparkling City by the Sea" is Texas-sized value with beachfront prices that have appreciated 4.73% in the last year. You can join the 316,239 locals (approx.) who love the lively cultural scene. Local wind sports attract 200,000 enthusiasts annually to this kiteboarding destination. 

Corpus Christi, TexasCORPUS CHRISTI 🇺🇸 4K Drone | TEXAS United States by Polychronis Drone

Sarasota, Florida

Average Home Value: $562,275

While pricier than some listings, Sarasota delivers exceptional value with a 5.43% property appreciation rate. The city ranks among the first in Florida for arts economic impact, with people working in media, arts, and design. Eight award-winning beaches, including the Siesta Key's white sand beaches, provide year-round recreation opportunities.

Sarasota, FloridaSarasota Florida Drone by DroneFanatic

Daytona Beach Shores, Florida

Average Home Value: $489,632

This barrier island community offers oceanfront living at half the price of Miami Beach. Beyond NASCAR excitement, residents enjoy Florida's most driver-friendly beach, stretching 23 miles. Property appreciation has been 2.36% in the past year. The best spots to hang out in are parks, beaches, and local events.

Daytona Beach Shores, FloridaDaytona Beach, Florida 2022 in 4K by Drone by Alan Patrick

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Wilmington, North Carolina

Average Home Value: $490,595

This coastal charmer has hosted over 400 film productions, earning its nickname "Hollywood East". Historic riverfront property values have appreciated 3.56% in the last quarter this year. The city's three island beaches—Carolina Beach, Kure Beach, and Wrightsville Beach—are distinctively breathtaking for families and surfers.

Wilmington, North CarolinaDrone Wilmington, North Carolina | Cape Fear River | Battleship North Carolina by James - BeBop

Traverse City, Michigan

Average Home Value: $513,806

Michigan's "Cherry Capital" is a mid-sized city that provides Great Lakes living with a sweet and artistic twist. It has a vibrant local wineries market with spots like Chateau Grand Traverse and Black Star Farms. Additionally, the population is made up of artists, retirees, and younger professionals.

Traverse City, MichiganDrone Sights and Sounds: Taking a Trip Up the Boardman River in Traverse City by 9&10 News

Galveston, Texas

Average Home Value: $357,876

This island has one of America's largest collections of Victorian architecture outside San Francisco. The famous Galveston Seawall (a 10-mile stretch) not only offers beautiful views but also plays a key role in protecting the area from storm surges. The properties have appreciated 1.69% in the last quarter.

Galveston, TexasFlying Over Seawall Blvd & Pleasure Pier In Galveston Texas Summer 2022 (4K Drone) by Noah Stakes

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Ocean City, Maryland

Average Home Value: $519,941

Investment rental properties here generate $2,021 per month. And this means that even getting a rental property is lucrative, especially with the booming tourist scene. Recent dune restoration has improved storm protection while maintaining beach access. The locale is also quite diverse economically and socially.

Ocean City, MarylandOcean City from Above, Maryland, USA | Drone [4K] by 4K Vin

Coeur d'Alene, Idaho

Average Home Value: $532,794

Coeur d'Alene gives you waterfront living at a fraction of Seattle prices. As the seventh largest community in Idaho, the 135 miles of shoreline support year-round recreation of all its 50k+ residents. If you are a techie, you'll be glad the industry is growing, with many moving from larger cities.

Coeur d'Alene, IdahoCoeur d'Alene, Idaho | From Above 4K by Luke Barrett

Lake Havasu City, Arizona

Average Home Value: $516,045

Famous for London Bridge, this city offers waterfront deals at a 73.9% homeownership percentage. Lake Havasu City has a larger retiree community, indicating it is ideal for your final home. People who settle here will enjoy everything waterfront—boating, fishing, water sports, and just chilling.

Lake Havasu City, ArizonaLondon Bridge, Arizona Drone Views by The Jim Heath Channel

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Biloxi, Mississippi

Average Home Value: $301,468

Eight casinos contribute millions annually to local infrastructure improvements. But that's not all because the city's shrimping heritage meets modern entertainment along 26 miles of white-sand beaches. So, if you are a high roller into outdoor activities and affordable housing, Biloxi is it.

Biloxi, MississippiBiloxi, MS aerial drone footage by Devon Boykin

Port Angeles, Washington

Average Home Value: $417,374

At an average house value of $417,374, this locale is relatively affordable to other Washington cities. All nature lovers will adore this Olympic National Park's gateway city, with sea kayakers spotting orcas from their backyards during summer migrations. Recent fiber optic expansion has attracted more remote workers.

Port Angeles, WashingtonEPIC DRONE CHASE in Port Angeles!!! By ZubeTubeTV

Sandusky, Ohio

Average Home Value: $137,129

Cedar Point's hometown is a lakefront spot with properties that have appreciated 11.68% in the last year. For explorers, the winter downtown will proffer you a year-round appeal beyond summer tourism. Then, you'll also be happy to attend multiple community occasions, festivals, and concerts throughout the year.

Sandusky, OhioAerial Drone Shots of Sandusky, Ohio - August 23, 2023 by Tom Horsman

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New Bern, North Carolina

Average Home Value: $260,226

Pepsi's birthplace serves up riverfront living in vintage homes built between 1970 and 1999. Three rivers converge here, creating 240 miles of shoreline access, meaning anglers, swimmers, and water enthusiasts will really love it here. New Bern is very ethically diverse, and so you'd fit right in with the crowd.

New Bern, North CarolinaNew Bern NC 4K / Fall Evening Flight (DJI Mavic Air 2 Drone Footage) 33rd Largest City in NC!! By Hi-Tech Hikers

Cheboygan, Michigan

Average Home Value: $240,776

Cheboygan, Michigan, is a hidden treasure at the northern tip of Michigan's Lower Peninsula. Here, you get direct access to Lake Huron and the scenic Inland Waterway. Imagine miles of trails, iconic lighthouses, and tranquil beaches—it's a paradise for outdoor enthusiasts.

Cheboygan, MichiganDrone Aerial - Mullett Lake & Cheboygan, MI - 4K UHD by EMan

Lake Charles, Louisiana

Average Home Value: $239,304

L'Auberge Casino Resort alone employs around 2,400 workers, and casinos generate tens of millions annually for city improvements. It's also a great spot for families thanks to recent projects, such as the Lake Area Adventures and Port Wonder initiatives that create family-oriented facilities along the waterfront. 

Lake Charles, LouisianaLake Charles, LA | 4K HDR Drone Footage by Benji 4K Drones

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Palm Bay, Florida

Average Home Value: $329,030

Palm Bay is affordable, with a high homeownership rate of 79.4%. The NASA expansion since 2020 has created many new jobs and this makes it a lucrative business center for entrepreneurs. Fishing expeditions will always be a joy because the Indian River Lagoon offers 156 species of fish. 

Palm Bay, FloridaPalm Bay Virtual Tour | Palm Bay Drone by Explified English

Kenosha, Wisconsin

Average Home Value: $256,057

Kenosha is the best lounging spot, with affordable lakefront living and an average home value of $256,057. Its revitalized harbor enhances recreation, with hidden gems on Lake Michigan like Ox Creek Corridor for walks, bike-riding, and nature exploration. You'll also love the parks, art, wine, and beer.

Kenosha, WisconsinExploring Kenosha Wisconsin and Lake Michigan by Drone by Jeff's Adventures

Sturgeon Bay, Wisconsin

Average Home Value: $316,246

At a $316,246 home median value, Sturgeon Bay has that lighthouse charm that also meets class. Five public waterfront parks span 1,200 feet of pristine shoreline, and the winter ice-breaking keeps the harbor active year-round. The value of homes here has risen 10.98% in the last 12 months.

Sturgeon Bay, WisconsinBridges and Yachts: Aerial Splendor of Sturgeon Bay, Wisconsin by Door County Drone by Mark Evenson

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Vero Beach, Florida

Average Home Value: $551,814

Citrus heritage meets beachfront living with homes with the highest yearly appreciation rates yet—14.21%. Sea turtle nesting creates unique eco-tourism opportunities then the real magic is the private beaches. If crowds are not your thing, this is where you can bask without any larking strangers. 

Vero Beach, FloridaVero Beach ,in , Florida Drone shot 4k by Travel With Marti

Astoria, Oregon

Average Home Value: $514,076

Where the Columbia River meets the Pacific, this The Goonies filming location attracts movie buffs from all over. The Victorian homes line hillsides with panoramic river views, while the 100-year-old trolley provides charming waterfront transit. Recent tech startup migrations have given this historic downtown a fresh tone.

Astoria, OregonAerial Astoria | Oregon by Austin White

Crescent City, California

Average Home Value: $353,904

Most California waterfront neighborhoods are expensive, not Crescent City. It is a laid-back, coastal city with lighthouse views at one-third of Mendocino's prices. The commercial fishing fleet supports plenty of local jobs. Another plus? The tsunami-ready infrastructure which is actually the first "tsunami-resistant" marina on the West Coast.

Crescent City, CaliforniaCrescent City California Lighthouse Drone File Footage. Mavic 2 Pro Cinematic by Drake Nelson

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Lake City, Florida  

Average Home Value: $272,845 

Lake City on the shores of Lake Harris provides an idyllic Southern escape at affordable prices. With fishing, boating, and hiking at your doorstep, this is the perfect spot for nature enthusiasts. The only downside; the city has experienced a small 0.94% rise in property values.

Lake City, Florida  2020 Lake City, FL Drone Footage by CGI Digital

Clearwater, Florida  

Average Home Value: $427,587  

Found on the Gulf of Mexico, Clearwater is a haven for picture-perfect beaches and year-round sunny weather. The city has attracted retirees and vacationers with its lower cost of living compared to other Florida waterfront towns. Property values have increased by 6.84% over the last 12 months.

Clearwater, Florida Clearwater Beach, Florida | 4K Drone Video by TAPP Channel

Portsmouth, Virginia

Average Home Value: $299,433

You'll find Portsmouth on the banks of the Elizabeth River. It's a vibrant city with a rich naval history where residents enjoy access to scenic waterfront parks, marinas, and a historic district filled with charming homes. The cost of living is relatively low, and this makes it an attractive option.

Portsmouth, VirginiaPortsmouth Virginia 4K Drone Footage by Rob Hodges

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Kalamazoo, Michigan

Average Home Value: $242,738

Though not as well known as other waterfront cities, Kalamazoo has an amazing selection of several lakes and rivers, with stunning homes. With its thriving cultural scene, educational institutions, and a variety of outdoor recreational opportunities, Kalamazoo is a unique, budget-friendly spot.

Kalamazoo, MichiganAwesome Drone Footage of Downtown Kalamazoo Michigan by John Sidwell

Panama City, Florida

Average Home Value: $214,671

Panama City is home to pristine beaches, a vibrant local community, and affordable waterfront homes with a current property depreciation. Still, the $214,671 average is a good deal. The area has a relaxed atmosphere and a lower cost of living compared to other popular Florida beach destinations.

Cheboygan, Michigan

Cedar Rapids, Iowa

Average Home Value: $235,369

Cedar Rapids' Average Home Value is rising, currently at 6.97%. The city combines a small-town feel with urban amenities, including parks, museums, and access to outdoor activities. This spot is also home to the largest Vietnamese communities in the States today.

Cedar Rapids, IowaCedar Rapids, IA - 4K Aerial Tour by Hunter Fergen

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La Crosse, Wisconsin

Average Home Value: $255,800

This Mississippi River gem has amazing sights at an affordable rate (below $300k). La Crosse's affordability and rich outdoor recreational opportunities make it shine. Here, you can go boating, fishing, camping, hiking, etc. Another thing La Crosse celebrates is being a college town. They've got three institutions, to be exact.

La Crosse, WisconsinWisconsin Downtowns: La Crosse by Discover Wisconsin

Sault Ste. Marie, Michigan

Average Home Value: $192,855

This locale offers a mix of historical charm and access to the Great Lakes. A few highlights? The Soo Locks, one of the world's busiest waterway traffic systems, and the Museum Ship Valley Camp. Also, you'll experience stunning fall foliage, serene snowy winters, vibrant springs, and warm summers.

Sault Ste. Marie, Michigan33 Minutes of Spectacular 4k Footage of Freighters In Sault Ste. Marie's Autumn Scenery by mi playground

Waveland, Mississippi

Average Home Value: $245,339

Waveland is a beauty that allows comfortable living. The town is known for its laid-back lifestyle, outdoor activities, and proximity to the Gulf's recreational opportunities, with a home appreciation value of 6.96%. Scientists will love it here—space exploration, Earth science, engineering, and technology.

Waveland, MississippiWaveland Mississippi by Darius Webb

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Eau Claire, Wisconsin

Average Home Value: $319,782

This charming city combines scenic river views with a bustling arts scene. It's an ideal spot for creative souls. Don't worry, outdoor fanatics. You will love its easy access to lakes and rivers for painting, boating, fishing, and everything else. Eau Claire's vibrant downtown also features unique cultural events. 

Eau Claire, WisconsinDrone Eau Claire, Wisconsin | Chippewa River by James - BeBop


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