Special Report

Metro Areas Where Families Pay the Least for Housing

Source: JTGrafix / iStock via Getty Images

30. Springfield, MO
> Est. annual housing costs: $9,120
> Median family income: $64,545 — 75th lowest of 376 metros
> Homeownership rate: 62.4% — 87th lowest of 376 metros
> Median home value: $156,400 — 127th lowest of 376 metros

Source: DenisTangneyJr / iStock via Getty Images

29. Oshkosh-Neenah, WI
> Est. annual housing costs: $9,108
> Median family income: $79,200 — 129th highest of 376 metros
> Homeownership rate: 65.7% — 157th lowest of 376 metros
> Median home value: $158,400 — 135th lowest of 376 metros

Source: DenisTangneyJr / iStock via Getty Images

28. Lawton, OK
> Est. annual housing costs: $9,072
> Median family income: $65,335 — 85th lowest of 376 metros
> Homeownership rate: 54.4% — 16th lowest of 376 metros
> Median home value: $121,500 — 32nd lowest of 376 metros

27. Brownsville-Harlingen, TX
> Est. annual housing costs: $9,036
> Median family income: $47,332 — 2nd lowest of 376 metros
> Homeownership rate: 66.2% — 176th lowest of 376 metros
> Median home value: $89,700 — 3rd lowest of 376 metros

Source: sshepard / iStock Unreleased via Getty Images

26. Dalton, GA
> Est. annual housing costs: $9,036
> Median family income: $58,145 — 23rd lowest of 376 metros
> Homeownership rate: 67.2% — 172nd highest of 376 metros
> Median home value: $136,800 — 58th 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.