Special Report

Least Expensive Metro Areas to Buy a Home in the Nation

Source: benkrut / Getty Images

50. Rockford, IL
> Median home value: $132,900
> Median monthly housing costs with a mortgage: $1,211 — 106th lowest of 384 metros
> Share of housing units with a mortgage: 63.9% — 123rd highest of 380 metros (tied)
> Homeownership rate: 68.1% — 141st highest of 384 metros
> Median household income: $61,078 — 165th highest of 384 metros

Source: Public Domain / Wikimedia Commons

49. Utica-Rome, NY
> Median home value: $131,800
> Median monthly housing costs with a mortgage: $1,216 — 109th lowest of 384 metros
> Share of housing units with a mortgage: 54.7% — 78th lowest of 380 metros (tied)
> Homeownership rate: 69.4% — 111th highest of 384 metros
> Median household income: $57,778 — 171st lowest of 384 metros

Source: Matthew Van Dyke / iStock via Getty Images

48. Cumberland, MD-WV
> Median home value: $131,400
> Median monthly housing costs with a mortgage: $991 — 11th lowest of 384 metros
> Share of housing units with a mortgage: 55.5% — 91st lowest of 380 metros
> Homeownership rate: 70.6% — 88th highest of 384 metros (tied)
> Median household income: $49,729 — 55th lowest of 384 metros

Source: Janabi / Getty Images

47. Valdosta, GA
> Median home value: $131,200
> Median monthly housing costs with a mortgage: $1,125 — 61st lowest of 384 metros
> Share of housing units with a mortgage: 58.6% — 146th lowest of 380 metros (tied)
> Homeownership rate: 56.3% — 28th lowest of 384 metros (tied)
> Median household income: $43,787 — 9th lowest of 384 metros

Source: stevegeer / Getty Images

46. Muskegon, MI
> Median home value: $131,100
> Median monthly housing costs with a mortgage: $1,053 — 30th lowest of 384 metros
> Share of housing units with a mortgage: 58.5% — 144th lowest of 380 metros (tied)
> Homeownership rate: 74.2% — 29th highest of 384 metros (tied)
> Median household income: $50,366 — 63rd lowest of 384 metros