Special Report
The City With the Lowest Housing Costs in Every State
May 7, 2022 5:00 pm
Source: DenisTangneyJr / iStock via Getty Images
South Dakota: Sioux Falls
> Est. annual housing costs: $10,488 (South Dakota: $9,670)
> Median family income: $84,874 (South Dakota: $77,042)
> Homeownership rate: 66.2% (South Dakota: 68.0%)
> Median home value: $208,400 (South Dakota: $174,600)
> No. of metros considered in ranking: 2
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Tennessee: Kingsport-Bristol
> Est. annual housing costs: $8,412 (Tennessee: $10,906)
> Median family income: $60,792 (Tennessee: $68,793)
> Homeownership rate: 73.5% (Tennessee: 66.5%)
> Median home value: $140,800 (Tennessee: $177,600)
> No. of metros considered in ranking: 10
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Texas: McAllen-Edinburg-Mission
> Est. annual housing costs: $8,868 (Texas: $13,475)
> Median family income: $46,609 (Texas: $76,073)
> Homeownership rate: 68.0% (Texas: 62.3%)
> Median home value: $90,000 (Texas: $187,200)
> No. of metros considered in ranking: 25
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Utah: Logan
> Est. annual housing costs: $9,384 (Utah: $12,508)
> Median family income: $69,237 (Utah: $84,590)
> Homeownership rate: 64.7% (Utah: 70.5%)
> Median home value: $252,800 (Utah: $305,400)
> No. of metros considered in ranking: 5
Source: DenisTangneyJr / E+ via Getty Images
Vermont: Burlington-South Burlington
> Est. annual housing costs: $19,536 (Vermont: $14,321)
> Median family income: $95,011 (Vermont: $83,023)
> Homeownership rate: 66.8% (Vermont: 71.3%)
> Median home value: $285,200 (Vermont: $230,900)
> No. of metros considered in ranking: 1
*Because Burlington-South Burlington is the only eligible metro in Vermont, it is the metro with the lowest highest housing costs by default.
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