Special Report

The Least Expensive Zip Code in Every State

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Alabama: ZIP 35810
> Location: Huntsville
> Metro area: Huntsville, AL
> Median home sales price: $88,000 (state: $169,900)
> Median household income: $37,488 (state: $50,536)
> Homes that are at least 50 years old: 55.6% (state: 28.9%)

The 35810 ZIP code, located just north of downtown Huntsville, Alabama, has some of the least expensive housing in the country. A total of nearly 690 homes were bought and sold in the area in 2020 at a median sale price of just $88,000.

Home values are often a reflection of what area residents can afford — and just as home values are low in the area, so are incomes. The typical area household earns just $37,488 a year compared to the national median of $62,843. Both incomes and home values are also affected by the local job market to some degree. Over the last five years, 9.0% of area workers were unemployed, well above the comparable 5.3% national unemployment rate.

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Alaska: ZIP 99504
> Location: Anchorage
> Metro area: Anchorage, AK
> Median home sales price: $282,250 (state: $312,861)
> Median household income: $79,472 (state: $77,640)
> Homes that are at least 50 years old: 14.4% (state: 16.2%)

There are only a handful of ZIP codes in Alaska with at least 1,000 single-family homes and 500 or more home sales in the last year. Of those that meet that criteria, the 99504 ZIP code in Anchorage has the least expensive housing in the state. The typical area home sold for $282,250 in 2020, slightly less than the statewide median sale price of $312,861.

In most states, the ZIP code with the lowest median home sale price also has a relatively low median household income. However, in Alaska’s 99504 ZIP code, perhaps due to the small number of ZIP codes in the state with available data, the typical household earns $79,471, slightly more than the median income across the state as a whole of $77,640.

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Arizona: ZIP 85364
> Location: Yuma
> Metro area: Yuma, AZ
> Median home sales price: $175,000 (state: $294,500)
> Median household income: $43,314 (state: $58,945)
> Homes that are at least 50 years old: 27.1% (state: 15.7%)

The typical home in Arizona’s 85364 postal code, located in the city of Yuma, sold for $175,000 in 2020 — making it the only ZIP code in the state, with sufficient data, where most homes sell for less than $180,000. Across the state as a whole, the median home sale price is $294,500.

Home values are often a reflection of what area residents can afford — and just as home values are lower than average in the area, so are incomes. The typical household in the 85364 ZIP code earns just $43,314 a year compared to the national median income of $62,843. Both incomes and home values are also affected by the local job market to some degree. Over the last five years, 10.4% of area workers were unemployed, nearly double the comparable 5.3% national unemployment rate.

Source: Thomas R Machnitzki (thomas@machnitzki.com) / Wikimedia Commons

Arkansas: ZIP 72401
> Location: Jonesboro
> Metro area: Jonesboro, AR
> Median home sales price: $96,250 (state: $155,000)
> Median household income: $42,218 (state: $47,597)
> Homes that are at least 50 years old: 21.2% (state: 25.7%)

The median home sale price nationwide jumped by about $30,000 from 2019 to 2020. In the 72401 ZIP code, which covers Jonesboro, Arkansas, on the north side of Interstate 555, the median home sale price fell by nearly $14,000, from $110,000 in 2019 to $96,250 in 2020 — one of the lowest median home sale values of any ZIP code in the country.

Home values in a given area are typically a reflection of what residents can afford. In the 72401 postal code, most households earn less than $43,000 a year, and 20.3% of the population live below the poverty line. Nationwide, the typical household earns $62,843 annually, and 13.4% of the population live in poverty.

Source: B. F. / Wikimedia Commons

California: ZIP 95969
> Location: Paradise
> Metro area: Chico, CA
> Median home sales price: $30,000 (state: $540,000)
> Median household income: $51,625 (state: $75,235)
> Homes that are at least 50 years old: 37.2% (state: 41.9%)

California’s 95969 ZIP code, located just east of Chico and encompassing the town of Paradise, has some of the least expensive homes in the United States. The typical area home sold for just $30,000 in 2020 — well below the local median household income of $51,625. For context, the median home sale price nationwide is 4.2 times higher than the national median household income of $62,843.

The area’s low home values are largely due to a devastating wildfire in November 2018. The fire spread over 240 square miles, destroyed nearly 14,000 homes, and killed 85 people. Before the wildfire, the typical home sale price in the area was $255,000.