Special Report

Least Expensive Metro Areas to Buy a Home in the Nation

Source: wellesenterprises / Getty Images

40. Monroe, LA
> Median home value: $128,200
> Median monthly housing costs with a mortgage: $1,111 — 55th lowest of 384 metros
> Share of housing units with a mortgage: 43.4% — 7th lowest of 380 metros
> Homeownership rate: 60.8% — 68th lowest of 384 metros (tied)
> Median household income: $40,136 — 1st lowest of 384 metros

Source: Michael Munster / Getty Images

39. Joplin, MO
> Median home value: $127,800
> Median monthly housing costs with a mortgage: $966 — 4th lowest of 384 metros
> Share of housing units with a mortgage: 56.1% — 97th lowest of 380 metros (tied)
> Homeownership rate: 65.4% — 163rd lowest of 384 metros (tied)
> Median household income: $48,909 — 44th lowest of 384 metros

Source: Public Domain / Wikimedia Commons

38. Gadsden, AL
> Median home value: $127,500
> Median monthly housing costs with a mortgage: $1,000 — 16th lowest of 384 metros
> Share of housing units with a mortgage: 48.3% — 26th lowest of 380 metros
> Homeownership rate: 72.8% — 48th highest of 384 metros
> Median household income: $41,447 — 4th lowest of 384 metros

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37. Sumter, SC
> Median home value: $126,600
> Median monthly housing costs with a mortgage: $1,032 — 24th lowest of 384 metros
> Share of housing units with a mortgage: 52.2% — 52nd lowest of 380 metros (tied)
> Homeownership rate: 66.0% — 174th lowest of 384 metros (tied)
> Median household income: $49,263 — 48th lowest of 384 metros

Source: Holly Devine / iStock via Getty Images

36. Fort Smith, AR-OK
> Median home value: $126,200
> Median monthly housing costs with a mortgage: $998 — 14th lowest of 384 metros
> Share of housing units with a mortgage: 51.4% — 47th lowest of 380 metros
> Homeownership rate: 62.2% — 95th lowest of 384 metros (tied)
> Median household income: $45,157 — 15th lowest of 384 metros