Special Report

Metro Areas Where Families Pay the Least for Housing

Source: DenisTangneyJr / iStock via Getty Images

5. Decatur, AL
> Est. annual housing costs: $8,496
> Median family income: $65,097 — 80th lowest of 376 metros
> Homeownership rate: 73.5% — 31st highest of 376 metros
> Median home value: $137,600 — 62nd lowest of 376 metros (tied)

Source: miroslav_1 / iStock Editorial via Getty Images

4. Dothan, AL
> Est. annual housing costs: $8,472
> Median family income: $61,627 — 49th lowest of 376 metros
> Homeownership rate: 69.7% — 99th highest of 376 metros
> Median home value: $131,600 — 49th lowest of 376 metros

Source: J. Michael Jones / iStock Editorial via Getty Images

3. Kingsport-Bristol, TN-VA
> Est. annual housing costs: $8,412
> Median family income: $60,792 — 36th lowest of 376 metros
> Homeownership rate: 73.5% — 32nd highest of 376 metros
> Median home value: $140,800 — 76th lowest of 376 metros

Source: J. Michael Jones / iStock Editorial via Getty Images

2. Hickory-Lenoir-Morganton, NC
> Est. annual housing costs: $8,316
> Median family income: $60,878 — 37th lowest of 376 metros
> Homeownership rate: 73.4% — 33rd highest of 376 metros
> Median home value: $139,100 — 70th lowest of 376 metros

Source: DenisTangneyJr / iStock via Getty Images

1. Jefferson City, MO
> Est. annual housing costs: $8,136
> Median family income: $75,505 — 165th highest of 376 metros
> Homeownership rate: 71.7% — 55th highest of 376 metros
> Median home value: $162,100 — 145th lowest of 376 metros

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.