50 Waterfront Cities Where Homes Are a Total Steal

Pelican Press · February 15, 2025

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50 Waterfront Cities Where Homes Are a Total Steal

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There’s just something about oceans and other water bodies that seem to invoke a sense of calm and peace. If you’re like many Americans, then you probably also get a thrill out of watching majestic sunsets or sunrises, hearing the soothing sound of the crashing waves and feeling the sand between your toes. So, why not live by the ocean or any other body of water?

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Try This: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too

The primary problem is simple: Beachfront property is often

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. Or is it? It turns out, the U.S. is full of cities that can make your dream of living near water come true. GOBankingRates sourced the top beach towns in the U.S. from a variety of sources and looked at the data on cost of living, home values, mortgage payments and more. These cities span the nation, with higher concentrations in places like Hawaii, Texas, Florida and Washington.

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Median annual income: $57,309

Monthly mortgage payment: $1,601

Average home value: $267,625

State average home value: $340,599.95

Difference: $72,974.91

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Yongqi Gou / Getty Images/iStockphoto

Median annual income: $68,556

Monthly mortgage payment: $2,823

Average home value: $471,908

State average home value: $611,214.65

Difference: $139,307.00

aimintang / Getty Images/iStockphoto

Median annual income: $56,237

Monthly mortgage payment: $1,713

Average home value: $286,335

State average home value: $426,050.76

Difference: $139,716.20

Richard Martin / Flickr.com

Median annual income: $67,580

Monthly mortgage payment: $1,671

Average home value: $279,296

State average home value: $430,752.21

Difference: $151,456.35

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Median annual income: $67,722

Monthly mortgage payment: $1,565

Average home value: $261,647

State average home value: $417,228.14

Difference: $155,581.44

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Median annual income: $50,704

Monthly mortgage payment: $854

Average home value: $142,728

State average home value: $308,385.14

Difference: $165,656.81

Pictured: South Padre Island

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Median annual income: $60,212

Monthly mortgage payment: $2,659

Average home value: $444,541

State average home value: $611,214.65

Difference: $166,674.07

pawel.gaul / Getty Images

Median annual income: $37,761

Monthly mortgage payment: $432

Average home value: $72,292

State average home value: $243,677.86

Difference: $171,385.69

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Median annual income: $53,309

Monthly mortgage payment: $1,527

Average home value: $255,343

State average home value: $430,752.21

Difference: $175,409.63

Pictured: Assateague Island

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Median annual income: $60,212

Monthly mortgage payment: $2,659

Average home value: $444,541

State average home value: $611,214.65

Difference: $166,674.07

DenisTangneyJr / Getty Images/iStockphoto

Median annual income: $45,357

Monthly mortgage payment: $633

Average home value: $105,798

State average home value: $308,385.14

Difference: $202,587.63

benedek / Getty Images/iStockphoto

Median annual income: $46,184

Monthly mortgage payment: $1,340

Average home value: $224,057

State average home value: $443,364.58

Difference: $219,307.88

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IMG_191 / Shutterstock.com

Median annual income: $60,212

Monthly mortgage payment: $2,659

Average home value: $444,541

State average home value: $611,214.65

Difference: $166,674.07

JeffGoulden / Getty Images/iStockphoto

Median annual income: $54,435

Monthly mortgage payment: $2,290

Average home value: $382,766

State average home value: $611,214.65

Difference: $611,214.65

Dmitri Kotchetov / Shutterstock.com

Median annual income: $47,188

Monthly mortgage payment: $2,275

Average home value: $380,393

State average home value: $611,214.65

Difference: $230,821.85

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Median annual income: $80,464

Monthly mortgage payment: $4,475

Average home value: $748,093

State average home value: $996,981.53

Difference: $248,888.91

Pictured: Kihei

Vlad Podvorny / Flickr.com

Median annual income: $35,188

Monthly mortgage payment: $1,416

Average home value: $236,698

State average home value: $539,808.00

Difference: $303,109.59

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Median annual income: $39,507

Monthly mortgage payment: $680

Average home value: $113,640

State average home value: $443,364.58

Difference: $329,724.98

CrisRG / Getty Images/iStockphoto

Median annual income: $80,464

Monthly mortgage payment: $4,475

Average home value: $748,093

State average home value: $996,981.53

Difference: $248,888.91

Pictured: Holualoa

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Median annual income: $50,008

Monthly mortgage payment: $1,624

Average home value: $271,456

State average home value: $611,214.65

Difference: $339,758.39

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Median annual income: $77,435

Monthly mortgage payment: $3,814

Average home value: $637,558

State average home value: $996,981.53

Difference: $359,423.57

Pictured: Kauai

Median annual income: $51,971

Monthly mortgage payment: $2,485

Average home value: $415,360

State average home value: $805,913.17

Difference: $390,553.57

QuekZongYe / Getty Images/iStockphoto

Median annual income: $75,589

Monthly mortgage payment: $3,091

Average home value: $516,681

State average home value: $996,981.53

Difference: $480,300.53

SMJoness / Getty Images/iStockphoto

Median annual income: $67,083

Monthly mortgage payment: $2,736

Average home value: $457,474

State average home value: $996,981.53

Difference: $539,507.34

Pictured: Kihei

Symbiotic Athlete / Shutterstock.com

Median annual income: $41,047

Monthly mortgage payment: $1,304

Average home value: $217,921

State average home value: $805,913.17

Difference between typical and state home value: $587,992.34

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contributed to the reporting for this article.

Methodology: For this study, GOBankingRates analyzed coastal cities across the United States to find the cities on the waterfront that are a total steal. First GOBankingRates found waterfront cities as sourced from USAtoday’s

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, WSAZ’s 100 Best Beach Towns, TravelandLeisure’s Best Beach Towns and Best Secluded Beaches, USNewsandWorldReport’s Best Places to Live near the Beach, LoveExploring’s Destinations, TripSavvy’s Best Beach Towns in the US, and Realtor’s Most Affordable Beach Towns for Homebuyers. For each city a number of factors were found including; total population, total households, household median income all sourced from the US Census American Community Survey, the cost-of-living indexes as sourced from Sperlings BestPlaces, the average single-family home value from April 2024 as sourced from Zillow Home Value Index, the livabilty index as sourced from AreaVibes and the average single-family home value by state as sourced from Zillow Home Value Index. For each home value, the average mortgage cost was calculated by assuming a 10% down payment and using the national average 30-year fixed mortgage rate, the average mortgage cost can be calculated. The average expenditure costs are calculated by using the cost-of-living indexes and using the national average expenditure costs for all residents as sourced from the Bureau of Labor Statistics 2022 Consumer Expenditure Survey. The average expenditure cost and mortgage cost can be used to find the total monthly cost of living for each city. The difference in home value from statewide averages can be calculated to find the waterfront cities that are undervalued and are considered a steal. The cities were sorted to show the waterfront places with the most undervalued homes. All data was collected on and is up to date as of June 10, 2024.

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