Special Report

The Least Expensive Zip Code in Every State

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North Dakota: ZIP 58103
> Location: Fargo
> Metro area: Fargo, ND-MN
> Median home sales price: $190,000 (state: N/A)
> Median household income: $46,866 (state: $64,894)
> Homes that are at least 50 years old: 24.8% (state: 34.9%)

Only three ZIP codes in North Dakota had a sample size of home sales last year large enough to be sufficient for analysis. Of them, the 58103 ZIP code, covering a section of the city of Fargo near the state’s eastern border, has the least expensive homes. The local median home sale value of $190,000 is $70,000 lower than the comparable national median.

Home values in a given area are typically a reflection of what residents can afford. In the 72401 ZIP code, most households earn less than $47,000 a year, and 15.4% of the population live below the poverty line. Nationwide, the typical household earns $62,843 annually, and 13.4% of the population are in poverty.

Source: Davel5957 / Getty Images

Ohio: ZIP 43211
> Location: Columbus
> Metro area: Columbus, OH
> Median home sales price: $58,500 (state: $161,400)
> Median household income: $26,724 (state: $56,602)
> Homes that are at least 50 years old: 84.6% (state: 52.4%)

The 43211 postal code, which covers parts of Columbus, Ohio, is one of only 16 ZIP codes in the U.S. where most homes sold in 2020 went for less than $60,000. The median price of the nearly 600 housing units sold in the area last year was just $58,500.

Parts of the country with low home values are often home to relatively large populations that are struggling financially — and the 43211 ZIP code is one of the poorest places in the country. About 40% of local residents live below the poverty line, and 17.1% of households earn $10,000 or less a year. For context, 13.4% of the U.S. population live below the poverty line, and 6.0% of all American households earn less than $10,000 annually.

Source: Davel5957 / Getty Images

Oklahoma: ZIP 73110
> Location: Oklahoma City
> Metro area: Oklahoma City, OK
> Median home sales price: $97,500 (state: $160,000)
> Median household income: $43,059 (state: $52,919)
> Homes that are at least 50 years old: 57.4% (state: 34.5%)

The 73110 ZIP code, located just east of downtown Oklahoma City, has some of the least expensive homes in the country. The median home sale price in the area in 2020 was just $97,500.

As is often the case in areas with low home values, most homes in the 73110 ZIP are relatively old. Over 57% of the houses in the area were built in 1969 or earlier, compared to about 38% of homes nationwide. Lack of new development in the area is indicative of the relative lack of demand for housing. Over the last five years, the local population has grown by just 1.0%. The U.S. population expanded by 4.2% over the same period.

Source: Kamrin Nielsen / iStock via Getty Images

Oregon: ZIP 97603
> Location: Klamath Falls
> Metro area: Klamath Falls, OR
> Median home sales price: $199,500 (state: $375,000)
> Median household income: $51,972 (state: $62,818)
> Homes that are at least 50 years old: 35.1% (state: 33.7%)

The 97603 ZIP code in southern Oregon is the only postal code in the state where most homes sold for less than $200,000 in 2020. The local median home sale price of $199,500 is over $175,000 below the comparable statewide median of $375,000.

Because home values in the area are relatively low more people are able to afford a home without taking a loan. An estimated 40.4% of owner-occupied housing units in the area do not have a standing mortgage, the largest share in the state.

Source: Sean Pavone / Getty Images

Pennsylvania: ZIP 19140
> Location: Philadelphia
> Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
> Median home sales price: $48,250 (state: $194,900)
> Median household income: $22,790 (state: $61,744)
> Homes that are at least 50 years old: 87.0% (state: 57.2%)

Philadelphia’s 19140 ZIP code had some of the lowest home sale prices in the country in 2020. More than 600 area housing units sold in the area last year, and the median price was just $48,250 — less than one-fifth the national median home sale price in 2020.

Parts of the country with low home values are often home to relatively large populations that are struggling financially. In the 19140 ZIP code, too, 41% of the population live below the poverty line, and 23.3% of households earn $10,000 or less a year. Nationwide, 13.4% of the population live below the poverty line, and 6.0% of households earn less than $10,000 annually.