Special Report

Least Expensive Metro Area to Buy a Home in Every State

Source: Rivers Langley; SaveRivers / Wikimedia Commons

Alabama: Anniston-Oxford
> Median home value: $121,600 (Alabama: $154,000)
> Median monthly housing costs with a mortgage: $1,052 (Alabama: $1,172)
> Share of housing units with a mortgage: 52.7% (Alabama: 55.3%)
> Homeownership rate: 70.5% (Alabama: 68.8%)
> Median household income: $48,156 (Alabama: $51,734)

Source: Public Domain / Wikimedia Commons

Alaska: Fairbanks
> Median home value: $259,800 (Alaska: $281,200)
> Median monthly housing costs with a mortgage: $1,929 (Alaska: $1,882)
> Share of housing units with a mortgage: N/A (Alaska: 60.8%)
> Homeownership rate: 61.9% (Alaska: 64.7%)
> Median household income: $72,065 (Alaska: $75,463)

Source: ianmcdonnell / Getty Images

Arizona: Yuma
> Median home value: $139,100 (Arizona: $255,900)
> Median monthly housing costs with a mortgage: $1,068 (Arizona: $1,457)
> Share of housing units with a mortgage: 58.8% (Arizona: 62.4%)
> Homeownership rate: 66.3% (Arizona: 65.3%)
> Median household income: $46,419 (Arizona: $62,055)

Source: Paul Sableman / Wikimedia Commons

Arkansas: Pine Bluff
> Median home value: $83,500 (Arkansas: $136,200)
> Median monthly housing costs with a mortgage: $975 (Arkansas: $1,094)
> Share of housing units with a mortgage: 48.4% (Arkansas: 53.0%)
> Homeownership rate: 67.7% (Arkansas: 65.5%)
> Median household income: $41,541 (Arkansas: $48,952)

Source: Cbl62 / Wikimedia Commons

California: El Centro
> Median home value: $229,600 (California: $568,500)
> Median monthly housing costs with a mortgage: $1,432 (California: $2,421)
> Share of housing units with a mortgage: 64.6% (California: 69.0%)
> Homeownership rate: 55.5% (California: 54.9%)
> Median household income: $48,472 (California: $80,440)