Special Report
The Most Expensive Town to Buy a Home in Every State
October 4, 2021 8:00 am
Source: bmswanson / iStock via Getty Images
Montana: Big Sky
> Median home value: $564,000 (Montana: $230,600)
> Median monthly housing costs with a mortgage: $2,192 (Montana: $1,429)
> Share of housing units with a mortgage: 78.0% (Montana: 56.7%)
> Homeownership rate: 60.5% (Montana: 68.1%)
> Median household income: $75,586 (Montana: $54,970)
Source: Public Domain / Wikimedia Commons
Nebraska: Valley
> Median home value: $248,200 (Nebraska: $155,800)
> Median monthly housing costs with a mortgage: $1,903 (Nebraska: $1,386)
> Share of housing units with a mortgage: 61.2% (Nebraska: 60.5%)
> Homeownership rate: 74.4% (Nebraska: 66.1%)
> Median household income: $72,500 (Nebraska: $61,439)
Source: vancour / Flickr
Nevada: Incline Village
> Median home value: $869,900 (Nevada: $267,900)
> Median monthly housing costs with a mortgage: $2,741 (Nevada: $1,524)
> Share of housing units with a mortgage: 65.3% (Nevada: 68.0%)
> Homeownership rate: 71.9% (Nevada: 56.3%)
> Median household income: $99,006 (Nevada: $60,365)
Source: Jorisvo / iStock via Getty Images
New Hampshire: Hanover
> Median home value: $603,700 (New Hampshire: $261,700)
> Median monthly housing costs with a mortgage: $3,193 (New Hampshire: $1,948)
> Share of housing units with a mortgage: 55.9% (New Hampshire: 65.8%)
> Homeownership rate: 56.6% (New Hampshire: 71.1%)
> Median household income: $109,514 (New Hampshire: $76,768)
Source: jfbenning / iStock via Getty Images
New Jersey: Spring Lake
> Median home value: $1,818,500 (New Jersey: $335,600)
> Median monthly housing costs with a mortgage: $3,645 (New Jersey: $2,465)
> Share of housing units with a mortgage: 36.2% (New Jersey: 66.8%)
> Homeownership rate: 78.9% (New Jersey: 63.9%)
> Median household income: $86,200 (New Jersey: $82,545)
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
