Special Report

The Cheapest City to Buy a Home in Every State

Source: Public Domain / Wikimedia Commons

Alabama: Gadsden
> Median home value: $73,600 (Alabama: $142,700)
> Median monthly housing costs with a mortgage: $936 (Alabama: $1,186)
> Share of housing units with a mortgage: 46.3% (Alabama: 56.2%)
> Homeownership rate: 58.6% (Alabama: 68.8%)
> Median household income: $32,642 (Alabama: $50,536)

Source: lippyjr / Getty Images

Alaska: Fairbanks
> Median home value: $211,500 (Alaska: $270,400)
> Median monthly housing costs with a mortgage: $1,800 (Alaska: $1,933)
> Share of housing units with a mortgage: 67.4% (Alaska: 62.9%)
> Homeownership rate: 35.8% (Alaska: 64.3%)
> Median household income: $62,602 (Alaska: $77,640)

Source: nwinter / iStock via Getty Images

Arizona: Apache Junction
> Median home value: $105,600 (Arizona: $225,500)
> Median monthly housing costs with a mortgage: $1,069 (Arizona: $1,434)
> Share of housing units with a mortgage: 44.4% (Arizona: 63.8%)
> Homeownership rate: 78.0% (Arizona: 64.4%)
> Median household income: $45,653 (Arizona: $58,945)

Source: Paul Sableman / Wikimedia Commons

Arkansas: Pine Bluff
> Median home value: $75,500 (Arkansas: $127,800)
> Median monthly housing costs with a mortgage: $928 (Arkansas: $1,089)
> Share of housing units with a mortgage: 51.5% (Arkansas: 54.5%)
> Homeownership rate: 52.8% (Arkansas: 65.6%)
> Median household income: $34,723 (Arkansas: $47,597)

Source: Public Domain / Wikimedia Commons

California: Twentynine Palms
> Median home value: $146,400 (California: $505,000)
> Median monthly housing costs with a mortgage: $1,194 (California: $2,357)
> Share of housing units with a mortgage: 65.6% (California: 70.3%)
> Homeownership rate: 32.1% (California: 54.8%)
> Median household income: $44,226 (California: $75,235)

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