Special Report

Least Expensive Metro Area to Buy a Home in Every State

Source: DenisTangneyJr / Getty Images

Massachusetts: Pittsfield
> Median home value: $229,900 (Massachusetts: $418,600)
> Median monthly housing costs with a mortgage: $1,573 (Massachusetts: $2,276)
> Share of housing units with a mortgage: 61.9% (Massachusetts: 68.3%)
> Homeownership rate: 70.0% (Massachusetts: 62.2%)
> Median household income: $58,895 (Massachusetts: $85,843)

Source: DenisTangneyJr / Getty Images

Michigan: Saginaw
> Median home value: $108,300 (Michigan: $169,600)
> Median monthly housing costs with a mortgage: $1,069 (Michigan: $1,285)
> Share of housing units with a mortgage: 52.6% (Michigan: 59.3%)
> Homeownership rate: 72.1% (Michigan: 71.6%)
> Median household income: $48,303 (Michigan: $59,584)

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Minnesota: Duluth
> Median home value: $167,200 (Minnesota: $246,700)
> Median monthly housing costs with a mortgage: $1,243 (Minnesota: $1,595)
> Share of housing units with a mortgage: 59.3% (Minnesota: 65.1%)
> Homeownership rate: 73.0% (Minnesota: 71.9%)
> Median household income: $60,316 (Minnesota: $74,593)

Source: DenisTangneyJr / Getty Images

Mississippi: Hattiesburg
> Median home value: $145,300 (Mississippi: $128,200)
> Median monthly housing costs with a mortgage: $1,223 (Mississippi: $1,149)
> Share of housing units with a mortgage: 49.8% (Mississippi: 49.1%)
> Homeownership rate: 61.6% (Mississippi: 67.3%)
> Median household income: $48,359 (Mississippi: $45,792)

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Missouri: St. Joseph
> Median home value: $122,400 (Missouri: $168,000)
> Median monthly housing costs with a mortgage: $1,094 (Missouri: $1,271)
> Share of housing units with a mortgage: 53.6% (Missouri: 60.2%)
> Homeownership rate: 63.3% (Missouri: 67.1%)
> Median household income: $50,425 (Missouri: $57,409)