Special Report
The Town in Every State Where the Most People Own the Homes They Live In
May 17, 2022 6:00 pm
South Dakota: Colonial Pine Hills
> Homeownership rate: 100.0% (South Dakota: 68.0%)
> Median home value: $293,100 (South Dakota: $174,600)
> Median monthly housing costs (w/ a mortgage): $1,915 (South Dakota: $1,367)
> Median monthly housing costs (no mortgage): $877 (South Dakota: $495)
> Median household income: $85,213 (South Dakota: $59,896)
> No. of towns considered in ranking: 38
Tennessee: Tellico Village
> Homeownership rate: 98.1% (Tennessee: 66.5%)
> Median home value: $406,800 (Tennessee: $177,600)
> Median monthly housing costs (w/ a mortgage): $1,604 (Tennessee: $1,272)
> Median monthly housing costs (no mortgage): $516 (Tennessee: $389)
> Median household income: $77,365 (Tennessee: $54,833)
> No. of towns considered in ranking: 161
Texas: Garden Ridge
> Homeownership rate: 100.0% (Texas: 62.3%)
> Median home value: $478,600 (Texas: $187,200)
> Median monthly housing costs (w/ a mortgage): $3,110 (Texas: $1,654)
> Median monthly housing costs (no mortgage): $861 (Texas: $526)
> Median household income: $140,453 (Texas: $63,826)
> No. of towns considered in ranking: 526
Utah: Elk Ridge
> Homeownership rate: 97.2% (Utah: 70.5%)
> Median home value: $398,800 (Utah: $305,400)
> Median monthly housing costs (w/ a mortgage): $1,926 (Utah: $1,597)
> Median monthly housing costs (no mortgage): $497 (Utah: $437)
> Median household income: $103,875 (Utah: $74,197)
> No. of towns considered in ranking: 76
Vermont: Swanton
> Homeownership rate: 72.6% (Vermont: 71.3%)
> Median home value: $173,300 (Vermont: $230,900)
> Median monthly housing costs (w/ a mortgage): $1,388 (Vermont: $1,630)
> Median monthly housing costs (no mortgage): $616 (Vermont: $686)
> Median household income: $57,250 (Vermont: $63,477)
> No. of towns considered in ranking: 26
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.