The Best Places to Find Affordable Historic Homes

25 December 2024

When it comes to real estate, there’s something magical about historic homes. They have charm, character, and that unmistakable sense of romance that modern houses just can’t replicate. The creaky wooden floors tell stories of decades gone by, and the crown molding? It’s like a functional work of art! But let’s be real: historic homes often come with sky-high price tags. The good news is, you don’t have to break the bank to own one. Believe it or not, there are plenty of places where you can snag an affordable historic home without auctioning off your future.

So, where can you find these gems? Don’t worry; I’ve done the digging for you! Whether you’re a history buff, a fixer-upper enthusiast, or just someone looking for a house with character, this list will have you daydreaming of owning a piece of history.

Why Consider a Historic Home?

Before we dive into the "where," let’s touch on the "why." Historic homes offer something deeply unique. They’re more than just bricks and mortar—they’re a connection to the past. Living in one feels like stepping into a time capsule, and the craftsmanship? It’s exquisite. You’ll find vintage details like stained glass windows, grand staircases, and custom woodwork that you just don’t see in today’s cookie-cutter construction.

Plus, many historic homes are located in established, walkable neighborhoods dripping with charm. Think tree-lined streets, corner bakeries, and a real sense of community. It’s not just about buying a house; it’s about creating a lifestyle.

And here’s the kicker—historic homes can be surprisingly affordable if you know where to look. So without further ado, let’s explore the best places to find your dream historic home without maxing out your budget.

1. Pittsburgh, Pennsylvania

If you’re craving history with an industrial twist, Pittsburgh might be for you. Known as the Steel City, Pittsburgh has a rich historical heritage, and many homes date back to the early 1900s. You’ll find beautiful brick Victorians and Craftsman-style homes at prices that are, frankly, kind of shocking (in a good way).

Pittsburgh neighborhoods like Bloomfield, Lawrenceville, and Friendship are hotspots for historic homes. You can snag a charming property here for a fraction of what you’d pay in, say, Boston or New York. Plus, the city is thriving, with a growing food scene, plenty of job opportunities, and major league sports to keep you entertained.

2. Savannah, Georgia

Picture this: cobblestone streets, Spanish moss hanging lazily from oak trees, and charming homes that belong on the pages of a magazine. That’s Savannah for you. But don’t let its beauty fool you—this city is surprisingly affordable.

Many of Savannah’s historic homes are located in its downtown historic district, where you’ll find architectural styles ranging from Victorian to Georgian. The best part? You can find homes for under $300,000 in several of Savannah’s neighborhoods. Just a heads-up: some homes will require a little TLC.

And honestly, is there a better backdrop for a historic home than Savannah’s dreamy Southern charm? I think not.

3. Buffalo, New York

Buffalo may not immediately jump to mind when you think of historic homes, but this upstate New York city is brimming with architectural treasures. The city’s heyday in the late 1800s and early 1900s left behind a wealth of incredible homes, many of which are shockingly affordable today.

Neighborhoods like Elmwood Village and Allentown are full of historic properties, including Queen Anne, Victorian, and Colonial Revival styles. And here’s the cherry on top: Buffalo’s housing market is one of the most affordable in the country. You could find a gorgeous historic home here for less than the cost of a new car.

Not to mention, Buffalo is undergoing a bit of a renaissance. It’s got a growing arts scene, top-notch food (hello, Buffalo wings!), and proximity to Niagara Falls.

4. Louisville, Kentucky

If you love Southern charm but Savannah feels a little out of reach, consider Louisville. This Kentucky city is rich in history and home to an impressive inventory of historic properties. Think wrap-around porches, towering columns, and intricate wood detailing.

The Old Louisville neighborhood is one of the largest historic districts in the U.S. and is famous for its well-preserved Victorian homes. And the kicker? Louisville real estate is incredibly wallet-friendly. You can find historic homes in great condition at prices that won’t send you into a cold sweat.

With its thriving bourbon culture, famous horse races, and friendly vibe, Louisville is a city that feels like home the moment you arrive.

5. St. Louis, Missouri

Looking for a city with a mix of old-world charm and modern amenities? St. Louis has you covered. This Midwest gem boasts neighborhoods packed with affordable historic homes, from turn-of-the-century townhouses to elegant brick mansions.

Neighborhoods like Lafayette Square and Tower Grove South are brimming with historic properties that often fall under $250,000. That’s a steal when you consider the quality of construction and architectural detail you’ll get.

St. Louis also offers a strong sense of community, a buzzing food scene, and plenty of entertainment options. Plus, the city’s famous Gateway Arch serves as a constant reminder that amazing opportunities (and homes) are just around the corner.

6. Charleston, South Carolina

Charleston is practically synonymous with historic homes. This coastal city is dripping with charm, from its pastel-painted row houses to its iconic piazzas. While Charleston is generally pricier than some other cities on this list, it’s still possible to find affordable historic gems if you focus on the suburbs or less touristy neighborhoods.

North Charleston, for instance, offers more budget-friendly options while still being close enough to soak up all the city’s rich history and Southern charm. Whether you’re after a modest cottage or a grand antebellum mansion, Charleston delivers.

7. Richmond, Virginia

Richmond is often overlooked when it comes to affordable historic homes, but trust me, it deserves a spot on your radar. The city played a major role in American history (it was the capital of the Confederacy, after all), so it’s no surprise that it’s packed with historic architecture.

Church Hill and The Fan are two neighborhoods where you can find stunning historic homes at approachable prices. Whether you’re into Federal-style townhouses or Italianate architecture, Richmond has a little something for every history lover.

Plus, Richmond has a laid-back vibe, a growing food scene, and tons of outdoor activities. It’s a city where history and modern living come together seamlessly.

8. Indianapolis, Indiana

Last but not least, let’s talk about Indianapolis. This Midwest city is a hidden gem when it comes to historic housing. With neighborhoods like Irvington and Meridian-Kessler, you’ll find an impressive selection of Craftsman bungalows and Victorian-era homes—many of them under $200,000!

Indianapolis combines big-city amenities with that friendly small-town feel. From its sports teams to its cultural attractions, Indy has a lot going for it. And the affordable housing market? It’s just icing on the cake.

A Few Things to Keep in Mind

Before you dive headfirst into buying a historic home, there are a couple of things to consider. First, maintenance. Historic homes are gorgeous, but they often require a little extra TLC, especially when it comes to updating plumbing, electrical systems, or windows.

Second, be sure to check for any restrictions if the home is in a designated historic district. Some cities have strict rules about renovations to preserve their historic charm. But honestly? That’s a small price to pay for the chance to own a piece of history.

Final Thoughts

Owning a historic home doesn’t have to be a pipe dream. With a little research and an open mind, you can find an affordable property that combines charm, character, and a whole lot of history. Whether you’re drawn to the cobblestone streets of Savannah or the industrial vibes of Pittsburgh, the perfect historic home is out there waiting for you.

So, what are you waiting for? Go find the home of your dreams—and don’t forget to invite me over when you do!