Special Report
The City With the Lowest Housing Costs in Every State
May 7, 2022 5:00 pm
New Mexico: Las Cruces
> Est. annual housing costs: $8,808 (New Mexico: $10,784)
> Median family income: $51,928 (New Mexico: $62,611)
> Homeownership rate: 64.6% (New Mexico: 68.0%)
> Median home value: $153,600 (New Mexico: $175,700)
> No. of metros considered in ranking: 4
New York: Utica-Rome
> Est. annual housing costs: $9,552 (New York: $20,092)
> Median family income: $75,037 (New York: $87,270)
> Homeownership rate: 69.9% (New York: 54.1%)
> Median home value: $127,000 (New York: $325,000)
> No. of metros considered in ranking: 13
North Carolina: Hickory-Lenoir-Morganton
> Est. annual housing costs: $8,316 (North Carolina: $11,360)
> Median family income: $60,878 (North Carolina: $70,978)
> Homeownership rate: 73.4% (North Carolina: 65.7%)
> Median home value: $139,100 (North Carolina: $182,100)
> No. of metros considered in ranking: 14
North Dakota: Fargo
> Est. annual housing costs: $10,476 (North Dakota: $10,236)
> Median family income: $90,450 (North Dakota: $86,798)
> Homeownership rate: 55.9% (North Dakota: 62.5%)
> Median home value: $225,600 (North Dakota: $199,900)
> No. of metros considered in ranking: 3
Ohio: Mansfield
> Est. annual housing costs: $8,808 (Ohio: $10,324)
> Median family income: $63,284 (Ohio: $74,391)
> Homeownership rate: 66.9% (Ohio: 66.3%)
> Median home value: $115,100 (Ohio: $151,400)
> No. of metros considered in ranking: 11
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