Special Report

The Cheapest City to Buy a Home in Every State

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Oklahoma: Muskogee
> Median home value: $92,300 (Oklahoma: $136,800)
> Median monthly housing costs with a mortgage: $970 (Oklahoma: $1,234)
> Share of housing units with a mortgage: 54.6% (Oklahoma: 54.9%)
> Homeownership rate: 55.0% (Oklahoma: 65.6%)
> Median household income: $38,194 (Oklahoma: $52,919)

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Oregon: Springfield
> Median home value: $204,700 (Oregon: $312,200)
> Median monthly housing costs with a mortgage: $1,327 (Oregon: $1,699)
> Share of housing units with a mortgage: 68.6% (Oregon: 66.2%)
> Homeownership rate: 52.6% (Oregon: 62.4%)
> Median household income: $47,695 (Oregon: $62,818)

Source: Smallbones / Wikimedia Commons

Pennsylvania: Chester
> Median home value: $72,400 (Pennsylvania: $180,200)
> Median monthly housing costs with a mortgage: $1,002 (Pennsylvania: $1,494)
> Share of housing units with a mortgage: 44.7% (Pennsylvania: 60.1%)
> Homeownership rate: 36.1% (Pennsylvania: 68.9%)
> Median household income: $32,403 (Pennsylvania: $61,744)

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Rhode Island: Woonsocket
> Median home value: $173,300 (Rhode Island: $261,900)
> Median monthly housing costs with a mortgage: $1,659 (Rhode Island: $1,860)
> Share of housing units with a mortgage: 65.6% (Rhode Island: 68.4%)
> Homeownership rate: 36.4% (Rhode Island: 60.8%)
> Median household income: $42,595 (Rhode Island: $67,167)

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South Carolina: Spartanburg
> Median home value: $125,600 (South Carolina: $162,300)
> Median monthly housing costs with a mortgage: $1,113 (South Carolina: $1,246)
> Share of housing units with a mortgage: 60.5% (South Carolina: 58.3%)
> Homeownership rate: 46.2% (South Carolina: 69.4%)
> Median household income: $40,053 (South Carolina: $53,199)

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