Special Report

The City With the Highest Homeownership Rate in Every State

Source: DenisTangneyJr / iStock via Getty Images

Massachusetts: Barnstable Town
> Homeownership rate: 79.6% (Massachusetts: 62.5%)
> Median home value: $414,000 (Massachusetts: $398,800)
> Median monthly housing costs (w/ a mortgage): $2,015 (Massachusetts: $2,268)
> Median monthly housing costs (no mortgage): $739 (Massachusetts: $829)
> Median household income: $76,863 (Massachusetts: $84,385)
> No. of metros considered in ranking: 5

Source: csfotoimages / iStock via Getty Images

Michigan: Monroe
> Homeownership rate: 80.6% (Michigan: 71.7%)
> Median home value: $167,400 (Michigan: $162,600)
> Median monthly housing costs (w/ a mortgage): $1,352 (Michigan: $1,312)
> Median monthly housing costs (no mortgage): $489 (Michigan: $495)
> Median household income: $65,453 (Michigan: $59,234)
> No. of metros considered in ranking: 14

Source: BanksPhotos / E+ via Getty Images

Minnesota: Rochester
> Homeownership rate: 75.0% (Minnesota: 71.9%)
> Median home value: $218,500 (Minnesota: $235,700)
> Median monthly housing costs (w/ a mortgage): $1,513 (Minnesota: $1,606)
> Median monthly housing costs (no mortgage): $542 (Minnesota: $548)
> Median household income: $76,787 (Minnesota: $73,382)
> No. of metros considered in ranking: 5

Source: SeanPavonePhoto / iStock via Getty Images

Mississippi: Jackson
> Homeownership rate: 67.6% (Mississippi: 68.8%)
> Median home value: $148,300 (Mississippi: $125,500)
> Median monthly housing costs (w/ a mortgage): $1,233 (Mississippi: $1,161)
> Median monthly housing costs (no mortgage): $380 (Mississippi: $358)
> Median household income: $53,639 (Mississippi: $46,511)
> No. of metros considered in ranking: 3

Source: DenisTangneyJr / iStock via Getty Images

Missouri: Jefferson City
> Homeownership rate: 71.7% (Missouri: 67.1%)
> Median home value: $162,100 (Missouri: $163,600)
> Median monthly housing costs (w/ a mortgage): $1,183 (Missouri: $1,287)
> Median monthly housing costs (no mortgage): $411 (Missouri: $449)
> Median household income: $60,586 (Missouri: $57,290)
> No. of metros considered in ranking: 8

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.