Special Report
Least Expensive Metro Area to Buy a Home in Every State
September 19, 2021 11:00 am
Colorado: Pueblo
> Median home value: $189,600 (Colorado: $394,600)
> Median monthly housing costs with a mortgage: $1,219 (Colorado: $1,845)
> Share of housing units with a mortgage: 64.8% (Colorado: 70.8%)
> Homeownership rate: 67.1% (Colorado: 65.9%)
> Median household income: $51,276 (Colorado: $77,127)
Connecticut: New Haven-Milford
> Median home value: $251,500 (Connecticut: $280,700)
> Median monthly housing costs with a mortgage: $1,974 (Connecticut: $2,087)
> Share of housing units with a mortgage: 64.7% (Connecticut: 66.2%)
> Homeownership rate: 60.5% (Connecticut: 65.0%)
> Median household income: $69,751 (Connecticut: $78,833)
Delaware: Dover*
> Median home value: $225,200 (Delaware: $261,700)
> Median monthly housing costs with a mortgage: $1,396 (Delaware: $1,557)
> Share of housing units with a mortgage: 65.0% (Delaware: 65.5%)
> Homeownership rate: 66.6% (Delaware: 70.3%)
> Median household income: $58,001 (Delaware: $70,176)
*Because Dover is the only eligible metro in Delaware, it is the most affordable metro to buy a home by default.
Florida: Sebring-Avon Park
> Median home value: $144,900 (Florida: $245,100)
> Median monthly housing costs with a mortgage: $1,039 (Florida: $1,530)
> Share of housing units with a mortgage: 35.0% (Florida: 56.3%)
> Homeownership rate: 80.0% (Florida: 66.2%)
> Median household income: $48,698 (Florida: $59,227)
Georgia: Macon-Bibb County
> Median home value: $125,200 (Georgia: $202,500)
> Median monthly housing costs with a mortgage: $1,209 (Georgia: $1,450)
> Share of housing units with a mortgage: 55.6% (Georgia: 64.2%)
> Homeownership rate: 62.8% (Georgia: 64.1%)
> Median household income: $48,435 (Georgia: $61,980)
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