Like any large city, home prices in Nanaimo have continued to increase over the years. Fortunately, there are still some neighborhoods in Nanaimo that offer some affordable housing options. These are the cheapest neighborhoods in Nanaimo for 2026. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in Nanaimo.

Population 3,521
-33%
Median Home Value $513,792
33% less expensive than Nanaimo
Population 2,900
-24%
Median Home Value $582,654
24% less expensive than Nanaimo
Population 4,691
-24%
Median Home Value $587,281
24% less expensive than Nanaimo
Population 1,201
-22%
Median Home Value $603,660
22% less expensive than Nanaimo