Special Report

The Cheapest City to Buy a Home in Every State

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Massachusetts: Springfield
> Median home value: $156,200 (Massachusetts: $381,600)
> Median monthly housing costs with a mortgage: $1,424 (Massachusetts: $2,225)
> Share of housing units with a mortgage: 70.3% (Massachusetts: 69.2%)
> Homeownership rate: 46.6% (Massachusetts: 62.4%)
> Median household income: $39,432 (Massachusetts: $81,215)

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Michigan: Flint
> Median home value: $29,500 (Michigan: $154,900)
> Median monthly housing costs with a mortgage: $880 (Michigan: $1,298)
> Share of housing units with a mortgage: 40.6% (Michigan: 60.1%)
> Homeownership rate: 56.9% (Michigan: 71.2%)
> Median household income: $28,834 (Michigan: $57,144)

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Minnesota: Austin
> Median home value: $107,800 (Minnesota: $223,900)
> Median monthly housing costs with a mortgage: $994 (Minnesota: $1,580)
> Share of housing units with a mortgage: 60.1% (Minnesota: 66.3%)
> Homeownership rate: 66.4% (Minnesota: 71.6%)
> Median household income: $48,127 (Minnesota: $71,306)

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Mississippi: Greenville
> Median home value: $78,300 (Mississippi: $119,000)
> Median monthly housing costs with a mortgage: $1,007 (Mississippi: $1,147)
> Share of housing units with a mortgage: 42.3% (Mississippi: 49.4%)
> Homeownership rate: 49.3% (Mississippi: 68.2%)
> Median household income: $27,025 (Mississippi: $45,081)

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Missouri: Florissant
> Median home value: $97,600 (Missouri: $157,200)
> Median monthly housing costs with a mortgage: $1,129 (Missouri: $1,277)
> Share of housing units with a mortgage: 70.4% (Missouri: 61.5%)
> Homeownership rate: 65.2% (Missouri: 66.8%)
> Median household income: $54,978 (Missouri: $55,461)