Special Report

Metro Areas Where Families Pay the Least for Housing

Source: Dee / iStock Editorial via Getty Images

25. Morristown, TN
> Est. annual housing costs: $9,036
> Median family income: $58,448 — 26th lowest of 376 metros
> Homeownership rate: 71.8% — 52nd highest of 376 metros
> Median home value: $142,800 — 82nd lowest of 376 metros

Source: Dee / iStock Editorial via Getty Images

24. Johnson City, TN
> Est. annual housing costs: $9,024
> Median family income: $60,890 — 38th lowest of 376 metros
> Homeownership rate: 67.0% — 179th highest of 376 metros
> Median home value: $152,600 — 112th lowest of 376 metros

Source: Sean Pavone / iStock via Getty Images

23. Canton-Massillon, OH
> Est. annual housing costs: $9,012
> Median family income: $70,028 — 139th lowest of 376 metros
> Homeownership rate: 68.8% — 128th highest of 376 metros
> Median home value: $138,300 — 67th lowest of 376 metros

Source: Robin Zeigler / iStock Editorial via Getty Images

22. Florence-Muscle Shoals, AL
> Est. annual housing costs: $8,976
> Median family income: $65,316 — 84th lowest of 376 metros
> Homeownership rate: 69.3% — 110th highest of 376 metros
> Median home value: $140,000 — 74th lowest of 376 metros

Source: jetcityimage / iStock Editorial via Getty Images

21. Lima, OH
> Est. annual housing costs: $8,964
> Median family income: $64,913 — 79th lowest of 376 metros
> Homeownership rate: 66.7% — 188th lowest of 376 metros
> Median home value: $120,300 — 28th 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.