U.S. Cities With the Most Cash Home Purchases

Study reveals the most cash-driven housing markets in the U.S.

● Almost 50% of all cash home sales are in Cleveland.

● West Palm Beach, Jacksonville, and Miami have a lot of cash home sales. They show Florida’s allure for retirees and investors.

● Cincinnati, Pittsburgh, Baltimore, and Philadelphia have affordability. They also have urban renewal efforts. This causes more cash home purchases.

Cash home sales is a sign of competitive markets. Cash sales eliminate the issue of financing.

A new study by Cash For Home looks into it. We found U.S. cities that have the most cash home. Cleveland, Ohio, won.

The study ranked cities’ homes purchased entirely with cash.

Cleveland, OH, is first. Almost half of all homes (49.2%) sold for cash. This figure shows the city’s real estate dynamics. The certainty of cash gives buyers an edge. In Cleveland affordability and competition coexist. Cash is often the key to closing a deal quickly.

Florida has a lot of all-cash deals. West Palm Beach is second at 49%. Jacksonville is third at 46.2%. These highlight Florida’s appeal.

Cincinnati, Ohio, is fourth with 45.6%. It is known for affordability. This attracts local and out-of-state investors. Budget-friendly options and steady growth makes Cincinnati good for cash buyers.

Baltimore, MD, ranks fifth, with 41.8% of home purchases made in cash. Its affordable neighborhoods appeal to buyers. Cash buyers in Baltimore often aim to renovate and rent properties. Buyers often benefit from the city’s growing urban renewal efforts.

Pittsburgh, PA, is sixth, with 41.2% of transactions skipping financing. The city has competitive pricing. It also has strong appeal to investors. These are causes of this trend. Pittsburgh is increasingly attractive to buyers who prefer cash

Philadelphia, PA, has 41.1% of home purchases completed without loans. Its rental market and affordable urban properties bring investors. Cash buyers play a major role in shaping the city’s market.

Atlanta, GA, is eighth, with 41% of homes sold all-cash. The city is a prime location for those seeking quick closings. Investors like Atlanta. It balances affordability and long-term value. The city has a reputation as a real estate goldmine.

Miami, FL, has 40.7% of home sales completed with cash. International buyers and retirees often skip financing to secure properties quickly. The city’s luxury market and investment opportunities further boost its all-cash appeal.

Riverside, CA, finishes the top 10, with 40.7% of homes bought outright. Its lower home prices attract investors and families. Riverside is a good choice for cash-home purchases.

The full list of the cities with the most home sales in cash:

Rank	Area	State	Share of home sales in cash
1	Cleveland	OH	49.20%
2	West Palm Beach	FL	49.00%
3	Jacksonville	FL	46.20%
4	Cincinnati	OH	45.60%
5	Baltimore	MD	41.80%
6	Pittsburgh	PA	41.20%
7	Philadelphia	PA	41.10%
8	Atlanta	GA	41.00%
9	Miami	FL	40.70%
10	Riverside	CA	40.70%
11	Fort Lauderdale	FL	40.50%
12	Nashville	TN	40.10%
13	Orlando	FL	40.00%
14	Charlotte	NC	39.40%
15	Tampa	FL	38.20%
16	Detroit	MI	38.00%
17	New York	NY	36.90%
18	Denver	CO	36.50%
19	Warren	MI	35.80%
20	Montgomery County	PA	35.00%
21	New Brunswick	NJ	33.40%
22	Las Vegas	NV	33.10%
23	Milwaukee	WI	33.00%
24	Columbus	OH	32.70%
25	Anaheim	CA	31.70%
26	Phoenix	AZ	30.00%
27	Minneapolis	MN	29.70%
28	Chicago	IL	26.80%
29	Newark	NJ	26.80%
30	Washington	DC	26.20%
31	Sacramento	CA	26.00%
32	San Francisco	CA	26.00%
33	San Diego	CA	24.90%
34	Providence	RI	24.60%
35	Portland	OR	24.30%
36	Virginia Beach	VA	23.40%
37	Los Angeles	CA	22.70%
38	Seattle	WA	20.30%
39	San Jose	CA	18.20%
40	Oakland	CA	18.00%

Methodology

The study looked at cities across the country. It found where all-cash home purchases are most prevalent. It analyzed the proportion of homes sold for cash.

Cities were ranked by the percentage these sales. Those with the highest share of cash purchases were the top spots. Cities with smaller percentages ranked lower.