Special Report

Cheapest Cities to Buy a Home

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45. Akron, Ohio
> Median home value: $82,400
> Median monthly housing costs with a mortgage: $985 — 57th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 60.0% — 343rd lowest of 1,774 cities (tied)
> Homeownership rate: 50.1% — 399th lowest of 1,774 cities (tied)
> Median household income: $38,739 — 110th lowest of 1,774 cities

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44. Pharr, Texas
> Median home value: $80,900
> Median monthly housing costs with a mortgage: $1,090 — 138th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 35.8% — 6th lowest of 1,774 cities
> Homeownership rate: 60.3% — 869th lowest of 1,774 cities (tied)
> Median household income: $39,884 — 129th lowest of 1,774 cities

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43. Toledo, Ohio
> Median home value: $80,800
> Median monthly housing costs with a mortgage: $1,037 — 90th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 59.6% — 319th lowest of 1,774 cities (tied)
> Homeownership rate: 50.4% — 412th lowest of 1,774 cities (tied)
> Median household income: $37,752 — 89th lowest of 1,774 cities

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42. Harrisburg, Pennsylvania
> Median home value: $80,800
> Median monthly housing costs with a mortgage: $1,032 — 88th lowest of 1,774 cities
> Share of housing units with a mortgage: 62.8% — 505th lowest of 1,774 cities (tied)
> Homeownership rate: 35.6% — 60th lowest of 1,774 cities (tied)
> Median household income: $39,685 — 123rd lowest of 1,774 cities

Source: Cindy Funk / Wikimedia Commons

41. Springfield, Ohio
> Median home value: $80,700
> Median monthly housing costs with a mortgage: $902 — 22nd lowest of 1,774 cities
> Share of housing units with a mortgage: 60.0% — 343rd lowest of 1,774 cities (tied)
> Homeownership rate: 48.7% — 351st lowest of 1,774 cities (tied)
> Median household income: $39,332 — 119th lowest of 1,774 cities

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