Special Report
Cheapest Cities to Buy a Home
July 3, 2021 5:00 pm
Last Updated: December 16, 2021 4:32 pm
Source: Jack R Perry / iStock via Getty Images
15. Marion, Indiana
> Median home value: $67,800
> Median monthly housing costs with a mortgage: $777 — 2nd lowest of 1,774 cities
> Share of housing units with a mortgage: 54.7% — 152nd lowest of 1,774 cities
> Homeownership rate: 55.8% — 659th lowest of 1,774 cities (tied)
> Median household income: $32,977 — 32nd lowest of 1,774 cities
Source: Andrew Jameson / Wikimedia Commons
14. Pontiac, Michigan
> Median home value: $67,100
> Median monthly housing costs with a mortgage: $1,046 — 99th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 48.7% — 59th lowest of 1,774 cities (tied)
> Homeownership rate: 40.5% — 135th lowest of 1,774 cities (tied)
> Median household income: $33,568 — 37th lowest of 1,774 cities
Source: benkrut / Getty Images
13. Dayton, Ohio
> Median home value: $66,800
> Median monthly housing costs with a mortgage: $977 — 51st lowest of 1,774 cities
> Share of housing units with a mortgage: 55.1% — 163rd lowest of 1,774 cities (tied)
> Homeownership rate: 46.5% — 283rd lowest of 1,774 cities (tied)
> Median household income: $32,540 — 28th lowest of 1,774 cities
Source: Public Domain / Wikimedia Commons
12. Bay City, Michigan
> Median home value: $66,800
> Median monthly housing costs with a mortgage: $896 — 18th lowest of 1,774 cities (tied)
> Share of housing units with a mortgage: 56.5% — 207th lowest of 1,774 cities
> Homeownership rate: 68.0% — 557th highest of 1,774 cities (tied)
> Median household income: $37,893 — 91st lowest of 1,774 cities
Source: Daniel Schwen / Wikimedia Commons
11. Danville, Illinois
> Median home value: $66,700
> Median monthly housing costs with a mortgage: $931 — 31st lowest of 1,774 cities
> Share of housing units with a mortgage: 51.1% — 84th lowest of 1,774 cities (tied)
> Homeownership rate: 55.9% — 664th lowest of 1,774 cities (tied)
> Median household income: $36,172 — 62nd lowest of 1,774 cities
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