H
ousing affordability has become a pressing issue in the US, with many homebuyers seeking markets that won't break the bank. Fortunately, three affordable Midwest cities have emerged as top contenders: Rockford, IL; Akron, OH; and Canton, OH.

    According to Realtor.com's Hottest Housing Markets report, these cities ranked No. 4, No. 9, and No. 12 in October, respectively. With median home prices around $250,000 - a whopping $175,000 below the national median of $424,950 - these cities offer significant savings on mortgage payments.

    In Rockford, IL, for example, the typical monthly mortgage payment would be just $1,455 or less, assuming a 10% down payment. This translates to a minimum recommended income of around $73,000, which is about 10% lower than the national median household income.

    Beyond their affordable prices, these cities offer quality living and convenient proximity to major cities. Rockford, for instance, boasts free college tuition through the Rockford Promise Northern Illinois University Scholarship Program, as well as a thriving aerospace industry and robust manufacturing workforce.

    Akron, OH, on the other hand, is attracting buyers with its climate resilience - just 1.8% of properties are at risk of natural disasters over the next 30 years. The city also offers scenic hiking trails, a vibrant culinary scene, and great shopping at local stores.

    Canton, OH, ranked No. 1 in the Wall Street Journal/Realtor.com Housing Market Ranking last month, thanks to its low cost of living and proximity to bigger cities like Akron and Cleveland. As Ohio real estate investor Paul Gabrail notes, "As you get closer to Cleveland going north, the cost increases substantially."

    These Midwest cities are attracting buyers from across the country, with many seeking affordable alternatives to more expensive markets in the West. With their unique attractions and budget-friendly prices, Rockford, Akron, and Canton are poised to remain top contenders in the US housing market.