Special Report
Cheapest Cities to Buy a Home
July 3, 2021 5:00 pm
Last Updated: December 16, 2021 4:32 pm
Source: Curtis Palmer from Vestavia Hills (Birmingham), Alabama, USA / Wikimedia Commons
25. Gadsden, Alabama
> Median home value: $73,600
> Median monthly housing costs with a mortgage: $936 — 33rd lowest of 1,774 cities
> Share of housing units with a mortgage: 46.3% — 43rd lowest of 1,774 cities
> Homeownership rate: 58.6% — 793rd lowest of 1,774 cities (tied)
> Median household income: $32,642 — 30th lowest of 1,774 cities
Source: lydiabilby / Getty Images
24. Muncie, Indiana
> Median home value: $73,500
> Median monthly housing costs with a mortgage: $836 — 4th lowest of 1,774 cities
> Share of housing units with a mortgage: 58.4% — 268th lowest of 1,774 cities (tied)
> Homeownership rate: 49.4% — 370th lowest of 1,774 cities (tied)
> Median household income: $33,944 — 39th lowest of 1,774 cities
Source: DenisTangneyJr / Getty Images
23. Reading, Pennsylvania
> Median home value: $73,200
> Median monthly housing costs with a mortgage: $1,016 — 79th lowest of 1,774 cities
> Share of housing units with a mortgage: 54.8% — 153rd lowest of 1,774 cities (tied)
> Homeownership rate: 39.4% — 118th lowest of 1,774 cities
> Median household income: $32,176 — 21st lowest of 1,774 cities
Source: stevegeer / Getty Images
22. Muskegon, Michigan
> Median home value: $73,000
> Median monthly housing costs with a mortgage: $896 — 18th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 53.3% — 122nd lowest of 1,774 cities (tied)
> Homeownership rate: 49.4% — 370th lowest of 1,774 cities (tied)
> Median household income: $32,433 — 27th lowest of 1,774 cities
Source: library_of_congress / Flickr
21. Anderson, Indiana
> Median home value: $72,900
> Median monthly housing costs with a mortgage: $896 — 18th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 59.7% — 323rd lowest of 1,774 cities (tied)
> Homeownership rate: 56.9% — 717th lowest of 1,774 cities (tied)
> Median household income: $37,038 — 77th lowest of 1,774 cities
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