Special Report
The City Where the Fewest People Own Their Homes in Every State
June 7, 2022 3:00 pm
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Massachusetts: Chelsea
> Homeownership rate: 26.9% (Massachusetts: 62.5%)
> Median home value: $369,900 (Massachusetts: $398,800)
> Median monthly housing costs (w/ a mortgage): $2,229 (Massachusetts: $2,268)
> Median monthly housing costs (no mortgage): $687 (Massachusetts: $829)
> Median household income: $60,370 (Massachusetts: $84,385)
> No. of cities considered in ranking: 64
Michigan: East Lansing
> Homeownership rate: 39.5% (Michigan: 71.7%)
> Median home value: $194,100 (Michigan: $162,600)
> Median monthly housing costs (w/ a mortgage): $1,603 (Michigan: $1,312)
> Median monthly housing costs (no mortgage): $751 (Michigan: $495)
> Median household income: $40,800 (Michigan: $59,234)
> No. of cities considered in ranking: 45
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Minnesota: Minneapolis
> Homeownership rate: 47.4% (Minnesota: 71.9%)
> Median home value: $268,100 (Minnesota: $235,700)
> Median monthly housing costs (w/ a mortgage): $1,732 (Minnesota: $1,606)
> Median monthly housing costs (no mortgage): $651 (Minnesota: $548)
> Median household income: $66,068 (Minnesota: $73,382)
> No. of cities considered in ranking: 42
Source: DenisTangneyJr / iStock via Getty Images
Mississippi: Hattiesburg
> Homeownership rate: 38.1% (Mississippi: 68.8%)
> Median home value: $110,500 (Mississippi: $125,500)
> Median monthly housing costs (w/ a mortgage): $1,073 (Mississippi: $1,161)
> Median monthly housing costs (no mortgage): $385 (Mississippi: $358)
> Median household income: $36,111 (Mississippi: $46,511)
> No. of cities considered in ranking: 14
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Missouri: Springfield
> Homeownership rate: 42.4% (Missouri: 67.1%)
> Median home value: $122,200 (Missouri: $163,600)
> Median monthly housing costs (w/ a mortgage): $981 (Missouri: $1,287)
> Median monthly housing costs (no mortgage): $361 (Missouri: $449)
> Median household income: $37,491 (Missouri: $57,290)
> No. of cities considered in ranking: 28
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