Special Report

The City With the Lowest Housing Costs in Every State

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Massachusetts: Springfield
> Est. annual housing costs: $13,548 (Massachusetts: $22,294)
> Median family income: $79,907 (Massachusetts: $106,526)
> Homeownership rate: 63.9% (Massachusetts: 62.5%)
> Median home value: $236,200 (Massachusetts: $398,800)
> No. of metros considered in ranking: 5

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Michigan: Bay City
> Est. annual housing costs: $9,312 (Michigan: $11,467)
> Median family income: $62,204 (Michigan: $75,470)
> Homeownership rate: 76.1% (Michigan: 71.7%)
> Median home value: $106,400 (Michigan: $162,600)
> No. of metros considered in ranking: 14

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Minnesota: St. Cloud
> Est. annual housing costs: $9,852 (Minnesota: $13,486)
> Median family income: $80,403 (Minnesota: $92,692)
> Homeownership rate: 68.4% (Minnesota: 71.9%)
> Median home value: $192,100 (Minnesota: $235,700)
> No. of metros considered in ranking: 5

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Mississippi: Gulfport-Biloxi
> Est. annual housing costs: $9,720 (Mississippi: $9,546)
> Median family income: $62,967 (Mississippi: $58,923)
> Homeownership rate: 66.0% (Mississippi: 68.8%)
> Median home value: $153,600 (Mississippi: $125,500)
> No. of metros considered in ranking: 3

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Missouri: Jefferson City
> Est. annual housing costs: $8,136 (Missouri: $10,344)
> Median family income: $75,505 (Missouri: $72,834)
> Homeownership rate: 71.7% (Missouri: 67.1%)
> Median home value: $162,100 (Missouri: $163,600)
> No. of metros considered in ranking: 8

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