Special Report

States Where Families Pay the Most for Housing

Source: DenisTangneyJr / iStock via Getty Images

30. Louisiana
> Est. annual housing costs: $11,046
> Median family income: $65,427 (5th lowest)
> Homeownership rate: 66.6% (25th highest)
> Median home value: $168,100 (14th lowest)

Source: Kruck20 / iStock via Getty Images

29. South Carolina
> Est. annual housing costs: $11,096
> Median family income: $68,813 (10th lowest)
> Homeownership rate: 70.1% (12th highest)
> Median home value: $170,100 (15th lowest)

Source: Kruck20 / iStock via Getty Images

28. North Carolina
> Est. annual housing costs: $11,360
> Median family income: $70,978 (13th lowest)
> Homeownership rate: 65.7% (15th lowest)
> Median home value: $182,100 (19th lowest)

Source: Better Planet Media / iStock via Getty Images

27. Michigan
> Est. annual housing costs: $11,467
> Median family income: $75,470 (21st lowest)
> Homeownership rate: 71.7% (4th highest)
> Median home value: $162,600 (11th lowest)

Source: graphiknation / E+ via Getty Images

26. Georgia
> Est. annual housing costs: $12,152
> Median family income: $74,127 (19th lowest)
> Homeownership rate: 64.0% (12th lowest)
> Median home value: $190,200 (23rd lowest)

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.