Special Report

The Town in Every State Where the Most People Own the Homes They Live In

Source: bunnylady / E+ via Getty Images

Colorado: Todd Creek
> Homeownership rate: 98.7% (Colorado: 66.2%)
> Median home value: $640,100 (Colorado: $369,900)
> Median monthly housing costs (w/ a mortgage): $2,846 (Colorado: $1,808)
> Median monthly housing costs (no mortgage): $797 (Colorado: $488)
> Median household income: $156,953 (Colorado: $75,231)
> No. of towns considered in ranking: 127

Source: Public Domain / Wikimedia Commons

Connecticut: Crystal Lake
> Homeownership rate: 96.8% (Connecticut: 66.1%)
> Median home value: $319,500 (Connecticut: $279,700)
> Median monthly housing costs (w/ a mortgage): $2,184 (Connecticut: $2,127)
> Median monthly housing costs (no mortgage): $661 (Connecticut: $900)
> Median household income: $143,833 (Connecticut: $79,855)
> No. of towns considered in ranking: 89

Source: Robert Kirk / iStock via Getty Images

Delaware: Bethany Beach
> Homeownership rate: 97.0% (Delaware: 71.4%)
> Median home value: $571,700 (Delaware: $258,300)
> Median monthly housing costs (w/ a mortgage): $1,991 (Delaware: $1,591)
> Median monthly housing costs (no mortgage): $454 (Delaware: $475)
> Median household income: $96,700 (Delaware: $69,110)
> No. of towns considered in ranking: 36

Source: CampPhoto / E+ via Getty Images

Florida: Rainbow Springs
> Homeownership rate: 99.2% (Florida: 66.2%)
> Median home value: $188,100 (Florida: $232,000)
> Median monthly housing costs (w/ a mortgage): $1,140 (Florida: $1,539)
> Median monthly housing costs (no mortgage): $428 (Florida: $513)
> Median household income: $49,775 (Florida: $57,703)
> No. of towns considered in ranking: 499

Georgia: Heron Bay
> Homeownership rate: 96.9% (Georgia: 64.0%)
> Median home value: $222,500 (Georgia: $190,200)
> Median monthly housing costs (w/ a mortgage): $1,801 (Georgia: $1,449)
> Median monthly housing costs (no mortgage): $491 (Georgia: $435)
> Median household income: $101,888 (Georgia: $61,224)
> No. of towns considered in ranking: 222

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.