Special Report

The Least Expensive Zip Code in Every State

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Colorado: ZIP 81005
> Location: Pueblo
> Metro area: Pueblo, CO
> Median home sales price: $227,000 (state: $400,000)
> Median household income: $50,779 (state: $72,331)
> Homes that are at least 50 years old: 41.9% (state: 26.3%)

Colorado’s housing market is one of the most expensive in the United States. Of the more than 100,000 homes that were bought and sold in the state in 2020, the median sale price was $400,000, higher than in all but three other states. Not all parts of the state are more expensive than average, however. In the 81005 ZIP code, located in the city of Pueblo, the median home sale price last year was just $227,000, nearly $40,000 below the comparable national median.

As is often the case in areas with low home values, most homes in the 81005 ZIP are relatively old. Nearly 42% of the houses in the area were built in 1969 or earlier, compared to about 38% of homes nationwide and 26% of homes across Colorado.

Connecticut: ZIP 06790
> Location: Torrington
> Metro area: Torrington, CT
> Median home sales price: $159,475 (state: $278,325)
> Median household income: $63,057 (state: $78,444)
> Homes that are at least 50 years old: 59.8% (state: 57.2%)

The 06790 ZIP code, located in the northwest section of Connecticut in the city of Torrington, has the lowest home prices in the state. The area’s median home sale price in 2020 was just $159,475, well below the comparable median sale price across the state as a whole of $278,325.

Home values tend to be lower in lower income areas, and in the 06790 ZIP code, the typical household earns $63,057 annually — in line with the comparable national median but below the median household income of $78,444 in Connecticut.

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Delaware: ZIP 19805
> Location: Wilmington
> Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
> Median home sales price: $140,000 (state: $249,900)
> Median household income: $47,885 (state: $68,287)
> Homes that are at least 50 years old: 84.8% (state: 33.3%)

The 19805 ZIP code in Wilmington, Delaware, is the only ZIP code in the state where most homes sold in the last year went for less than $150,000. The median home sale price in the ZIP code was just $140,000 in 2020, well below the comparable median across the entire state of $249,900.

Typically, areas with lower than average home values have a higher concentration of older construction houses and condos — and the 19805 ZIP code is no exception. Across Delaware, only one in every three single-family homes were built before 1970. In the state’s least expensive ZIP code, nearly 85% of homes were built before 1970.

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Florida: ZIP 32208
> Location: Jacksonville
> Metro area: Jacksonville, FL
> Median home sales price: $78,650 (state: $255,000)
> Median household income: $34,565 (state: $55,660)
> Homes that are at least 50 years old: 70.7% (state: 20.1%)

The 32208 ZIP code, situated along the Trout River just north of downtown Jacksonville, Florida, is one of only 27 ZIP codes nationwide where the price of the typical home sold in 2020 was less than $80,000. There were over 540 homes bought and sold in the area in the last year, and most went for $78,650 or less.

Parts of the country with low home values are often home to relatively large populations that are struggling financially. In the 32208 ZIP code, nearly one in every four residents live below the poverty line, and 12.9% households earn $10,000 or less a year. Nationwide, 13.4% of the population live below the poverty line, and 6% of households earn less than $10,000 annually.

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Georgia: ZIP 31204
> Location: Macon
> Metro area: Macon, GA
> Median home sales price: $75,000 (state: $220,000)
> Median household income: $34,407 (state: $58,700)
> Homes that are at least 50 years old: 65.0% (state: 21.5%)

The 31204 postal code, which covers much of the western part of Macon, Georgia, had a median home sale price of just $75,000 in 2020.

Home values in a given area are typically a reflection of what residents can afford. In the 31204 ZIP code, which is one of the poorest in the country, most households earn less than $34,500 a year, and 30.3% of the population live below the poverty line. Nationwide, the typical household earns $62,843, and 13.4% of the population live in poverty.