Special Report

Cheapest Cities to Buy a Home

50. Granite City, Illinois
> Median home value: $83,500
> Median monthly housing costs with a mortgage: $965 — 46th lowest of 1,774 cities
> Share of housing units with a mortgage: 56.7% — 210th lowest of 1,774 cities (tied)
> Homeownership rate: 64.4% — 701st highest of 1,774 cities (tied)
> Median household income: $51,469 — 511th lowest of 1,774 cities

49. Meridian, Mississippi
> Median home value: $83,300
> Median monthly housing costs with a mortgage: $962 — 45th lowest of 1,774 cities
> Share of housing units with a mortgage: 43.8% — 28th lowest of 1,774 cities (tied)
> Homeownership rate: 49.4% — 370th lowest of 1,774 cities (tied)
> Median household income: $32,422 — 26th lowest of 1,774 cities

Source: Davel5957 / Getty Images

48. Rochester, New York
> Median home value: $83,100
> Median monthly housing costs with a mortgage: $1,055 — 110th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 64.0% — 596th lowest of 1,774 cities (tied)
> Homeownership rate: 36.4% — 75th lowest of 1,774 cities (tied)
> Median household income: $35,590 — 58th lowest of 1,774 cities

Source: Archedamian / Wikimedia Commons

47. Decatur, Illinois
> Median home value: $83,000
> Median monthly housing costs with a mortgage: $959 — 39th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 51.4% — 90th lowest of 1,774 cities
> Homeownership rate: 61.4% — 845th highest of 1,774 cities (tied)
> Median household income: $42,701 — 200th lowest of 1,774 cities

46. Euclid, Ohio
> Median home value: $82,600
> Median monthly housing costs with a mortgage: $1,102 — 152nd lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 59.1% — 297th lowest of 1,774 cities (tied)
> Homeownership rate: 45.6% — 260th lowest of 1,774 cities (tied)
> Median household income: $38,242 — 101st lowest of 1,774 cities

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