Special Report

How Much Home You Can Buy For $200k in Every State

Source: KenWiedemann / Getty Images

21. Massachusetts
> Typical size of a $200k home: 1,200 sq. feet (2nd smallest)
> Size of typical home in Massachusetts: 1,684 sq. feet (15th smallest)
> Median home value: $426,330 (3rd highest)
> Median household income: $79,835 (4th highest)
> Rooms in a typical home: 5.5 rooms (16th lowest – tied)

Source: ideabug / Getty Images

22. Michigan
> Typical size of a $200k home: 1,717 sq. feet (25th largest)
> Size of typical home in Michigan: 1,509 sq. feet (2nd smallest)
> Median home value: $173,923 (13th lowest)
> Median household income: $56,697 (20th lowest)
> Rooms in a typical home: 5.8 rooms (12th highest – tied)

Source: ArtBoyMB / Getty Images

23. Minnesota
> Typical size of a $200k home: 1,638 sq. feet (21st smallest)
> Size of typical home in Minnesota: 1,874 sq. feet (8th largest)
> Median home value: $259,588 (20th highest)
> Median household income: $70,315 (13th highest)
> Rooms in a typical home: 6.0 rooms (4th highest – tied)

24. Mississippi
> Typical size of a $200k home: 2,236 sq. feet (2nd largest)
> Size of typical home in Mississippi: 1,781 sq. feet (18th largest)
> Median home value: $127,206 (2nd lowest)
> Median household income: $44,717 (2nd lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)

Source: Lana2011 / Getty Images

25. Missouri
> Typical size of a $200k home: 1,714 sq. feet (24th smallest)
> Size of typical home in Missouri: 1,534 sq. feet (4th smallest)
> Median home value: $163,999 (11th lowest)
> Median household income: $54,478 (12th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.