Special Report
Cheapest Cities to Buy a Home
July 3, 2021 5:00 pm
Last Updated: December 16, 2021 4:32 pm
10. Lima, Ohio
> Median home value: $66,600
> Median monthly housing costs with a mortgage: $879 — 10th lowest of 1,774 cities
> Share of housing units with a mortgage: 56.6% — 208th lowest of 1,774 cities (tied)
> Homeownership rate: 47.3% — 305th lowest of 1,774 cities (tied)
> Median household income: $35,799 — 60th lowest of 1,774 cities
9. Gary, Indiana
> Median home value: $66,100
> Median monthly housing costs with a mortgage: $971 — 50th lowest of 1,774 cities
> Share of housing units with a mortgage: 45.1% — 36th lowest of 1,774 cities
> Homeownership rate: 50.6% — 415th lowest of 1,774 cities (tied)
> Median household income: $31,936 — 20th lowest of 1,774 cities
8. Port Arthur, Texas
> Median home value: $65,800
> Median monthly housing costs with a mortgage: $1,175 — 261st lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 28.6% — 2nd lowest of 1,774 cities
> Homeownership rate: 57.7% — 751st lowest of 1,774 cities (tied)
> Median household income: $36,557 — 69th lowest of 1,774 cities
7. Jamestown, New York
> Median home value: $63,200
> Median monthly housing costs with a mortgage: $840 — 5th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 53.8% — 129th lowest of 1,774 cities (tied)
> Homeownership rate: 49.7% — 376th lowest of 1,774 cities (tied)
> Median household income: $33,420 — 36th lowest of 1,774 cities
6. Warren, Ohio
> Median home value: $62,100
> Median monthly housing costs with a mortgage: $840 — 5th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 48.5% — 57th lowest of 1,774 cities
> Homeownership rate: 50.0% — 390th lowest of 1,774 cities (tied)
> Median household income: $28,898 — 8th lowest of 1,774 cities
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