People from other major Canadian cities and overseas are flocking to Hamilton in growing numbers recently. The reasons for this sudden surge in popularity in this Canadian city are pretty obvious!

Known as the “City of Waterfalls”, Hamilton is home to many stunning waterfalls, parks, trails, and green spaces. This makes the houses for sale in Hamilton more popular among people who prefer a quaint lifestyle. Hamilton also has major booming industries in its vicinity such as manufacturing, healthcare, and education which recruit hundreds of people every year. 

However, another major reason why an increasing number of people are choosing to make Hamilton home is because of its affordability. Compared to other major cities in Canada, Hamilton’s cost of living is significantly low. You can live a fulfilling life here with your family without stretching your finances too thin. 

In this guide, we will be pointing you in the direction of Hamilton’s cheapest places. Choosing the one perfect property among the homes for sale in Hamilton in this area and settling down there can do wonders for your wallet. 

Affordable Places in Hamilton Perfect for Homeowners on a Budget

Glanbrook

Located in the east end of the city, Glanbrook is a great place to settle down for a variety of appealing reasons including affordability. The properties in this Hamilton neighbourhood don't come at a high price tag. The average price of a house in Glanbrook is around $493,825 while that of a condo is $329,385. This is much lower than the average price of properties in the real estate Hamilton market. 

The cost of living in Glanbrook is also much lower as compared to the city average. This includes everything - groceries, transportation, and utilities. The average cost of a monthly grocery bill for a family of four in Glanbrook is $600. And the average monthly transportation pass in this Hamilton neighbourhood is around $100. 

Apart from affordability, Glanbrook also tops the list when it comes to small-town vibe, something which Hamilton is usually famous for. Glanbrook is surrounded by stunning landscapes such as rolling hills, farmland, and conservation areas. So, all those nature lovers out there, you need to explore houses for sale in Hamilton in this area. 

Hamilton East

As you can guess from the name, this neighbourhood is nestled in the east end of Hamilton, Ontario. This neighbourhood is famous among homebuyers because of its unique blend of affordability, safety, and family-friendly vibe. From young professionals to retirees, this real estate Hamilton market is popular among homeowners of all ages. 

One of the biggest draws of Hamilton East is its wallet-friendly properties. The average price of a house in Hamilton East is around $329,385. And if you are not keen on spending weekends mowing the lawn or shovelling the snow, you can snag a condo in this area for just $285,000. 

Hamilton East is also known for its friendly and welcoming community and is a great place to raise your kids. The area is dotted with many kid-friendly parks and playgrounds such as Eastgate Park, Steele Park, and Memorial Park. 

Apart from that, there are a number of excellent schools in Hamilton East which can work perfectly for your kids. Hillcrest Elementary School, Eastgate Park Public School, and Cathedral High School are some of the best educational institutions in this area that are worth mentioning.

Hamilton West

Hamilton West is an up-and-coming neighbourhood that has been creating quite a buzz in the real estate Hamilton market. Homeowners find this neighbourhood more desirable than other areas in Hamilton because of its proximity to the downtown core and affordability. 

Hamilton West can be reached quickly and easily from the bustling downtown core within minutes. Thus, once you buy a house for sale in this Hamilton area, you won’t have to worry about staying far away from urban amenities. You can choose to dine in a downtown core cafe or shop from the Locke Street Market any time you want from your Hamilton West home.

In case you are not keen on taking out your car every time you have to get out of the home, you can easily get public transportation from Hamilton West. The Hamilton Street Railway and buses connect this area to other neighbourhoods in the city. 

Now comes the exciting part for budget-conscious homeowners. Even though Hamilton West has seen significant development in recent years, the prices of homes for sale in this Hamilton area still remain affordable. The average price of a house in Hamilton West currently sits at $508,100. Quite cheap, right?

North End West, Central Hamilton, and Strathcona

Different yet interconnected, these Hamilton neighbourhoods undoubtedly need a mention in our affordability list. North End West is located in the northwest corner of Hamilton and borders the Chedoke Falls and Bruce Trail. This neighbourhood is known for its historic architectural buildings, working-class heritage, and strong sense of community.

Central Hamilton is nested in the heart of the city and is easily accessible to downtown amenities. This neighbourhood has quite a name in the real estate Hamilton market because of the renowned McMaster University. This area has a mix of both residential and commercial properties such as trendy shops and restaurants. 

Strathcona is situated between North End West and Central Hamilton. It is home to a diverse population, has a vibrant arts scene, and many parks and green spaces. 

Compared to other areas, the houses for sale in these neighbourhoods in Hamilton are priced within reach for budget-conscious buyers. The average price of a house in North End West is $483,00, Central Hamilton is $543,000 and Strathcona is $524,000. 

The cost of living in these Hamilton neighbourhoods is also on the lower side. The average monthly cost of groceries for a family of four is about $600. And when it comes to transportation, you can grab a monthly pass at a price of just $100. 

Dundas

Want to settle in a city with a small-town vibe that can offer all the urban amenities and conveniences? Then, you need to explore homes for sale in Hamilton in Dundas, a charming town nestled within the city of Hamilton towards the west end. 

Once you buy a home in Dundas, you will be surrounded by lush greenery, cascading waterfalls, and scenic trails at all times. The Dundas Valley Conservation Area is located in this area which is a true haven for nature lovers.

But don’t be fooled by the small-town charm of Dundas. While living in this neighbourhood, you will still be conveniently located near Hamilton’s top amenities and conveniences. 

No doubt, Dundas has seen a hike in housing prices in recent years. Yet, it still remains fairly affordable as compared to other Hamilton neighbourhoods. The average price of a house in Dundas is currently around $525,272. There are also tons of housing options available in this Hamilton area to suit the needs and preferences of young couples, growing families and even retirees. 

Pick the Cheapest Spot to Put Down Roots and Call It Home!

Hopefully, you will find the perfect area in Hamilton from the above list that won’t cost you an arm and leg. But remember affordable houses for sale in Hamilton should not be your only priority. You also need to consider other factors while choosing an area to live in such as job opportunities, safety and crime rates, and healthcare facilities. So, take the help of an expert Realtor and find the best place to settle down in Hamilton that checks all the boxes including affordability.