A surge in demand for homes in the United States, in addition to limited housing inventory, has created a sellers market unlike anything seen in recent memory. Homes are now selling faster than ever before — and also for more money than ever before.
While rapidly rising housing prices may discourage many would-be buyers, there are parts of the country where home values are relatively low and affordable to a wider range of budgets. In every state there are towns where homes are priced well below the national median home value of $217,500.
Using data on median home value from the U.S. Census Bureau, 24/7 Wall St. identified the least expensive towns to buy a home in every state. We included cities, towns, villages, and unincorporated communities with populations between 1,000 and 25,000 in our analysis. Among the towns on this list, the median home value ranges from $14,700 to $168,600.
Home values in a given area are often a reflection of what residents can afford, and in nearly every town on this list, the median household income is lower than what the typical household across the state as a whole earns annually. Here is a look at the poorest town in every state.
Despite the lower incomes, home values in these areas are often low enough to make it less likely that buyers would need to rely on a mortgage. With only two exceptions, in every town on this list, the share of homeowners who are financing with a mortgage is below the comparable share of homeowners across the state as a whole. This is the American city with the most foreclosures.
Click here to see the least expensive town to buy a house in every state
Click here to see our detailed methodology
Alabama: Brighton
> Median home value: $49,800 (Alabama: $142,700)
> Median monthly housing costs with a mortgage: $856 (Alabama: $1,186)
> Share of housing units with a mortgage: 33.5% (Alabama: 56.2%)
> Homeownership rate: 60.9% (Alabama: 68.8%)
> Median household income: $27,250 (Alabama: $50,536)
[in-text-ad]
Alaska: Valdez
> Median home value: $168,600 (Alaska: $270,400)
> Median monthly housing costs with a mortgage: $1,778 (Alaska: $1,933)
> Share of housing units with a mortgage: 38.4% (Alaska: 62.9%)
> Homeownership rate: 79.8% (Alaska: 64.3%)
> Median household income: $85,085 (Alaska: $77,640)
Arizona: Tuba City
> Median home value: $47,500 (Arizona: $225,500)
> Median monthly housing costs with a mortgage: $739 (Arizona: $1,434)
> Share of housing units with a mortgage: 16.7% (Arizona: 63.8%)
> Homeownership rate: 60.9% (Arizona: 64.4%)
> Median household income: $47,119 (Arizona: $58,945)
Arkansas: Eudora
> Median home value: $51,900 (Arkansas: $127,800)
> Median monthly housing costs with a mortgage: $810 (Arkansas: $1,089)
> Share of housing units with a mortgage: 30.3% (Arkansas: 54.5%)
> Homeownership rate: 48.8% (Arkansas: 65.6%)
> Median household income: $22,750 (Arkansas: $47,597)
[in-text-ad-2]
California: Desert Edge
> Median home value: $41,100 (California: $505,000)
> Median monthly housing costs with a mortgage: $1,346 (California: $2,357)
> Share of housing units with a mortgage: 11.0% (California: 70.3%)
> Homeownership rate: 81.0% (California: 54.8%)
> Median household income: $31,604 (California: $75,235)
Colorado: Las Animas
> Median home value: $52,600 (Colorado: $343,300)
> Median monthly housing costs with a mortgage: $898 (Colorado: $1,744)
> Share of housing units with a mortgage: 31.4% (Colorado: 71.3%)
> Homeownership rate: 44.8% (Colorado: 65.2%)
> Median household income: $23,456 (Colorado: $72,331)
[in-text-ad]
Connecticut: Willimantic
> Median home value: $148,900 (Connecticut: $275,400)
> Median monthly housing costs with a mortgage: $1,632 (Connecticut: $2,119)
> Share of housing units with a mortgage: 72.2% (Connecticut: 67.8%)
> Homeownership rate: 36.3% (Connecticut: 66.1%)
> Median household income: $40,122 (Connecticut: $78,444)
24/7 Wall St.
Delaware: Long Neck
> Median home value: $72,900 (Delaware: $251,100)
> Median monthly housing costs with a mortgage: $1,575 (Delaware: $1,587)
> Share of housing units with a mortgage: 22.3% (Delaware: 65.0%)
> Homeownership rate: 95.1% (Delaware: 71.2%)
> Median household income: $58,702 (Delaware: $68,287)
Florida: Zephyrhills South
> Median home value: $30,300 (Florida: $215,300)
> Median monthly housing costs with a mortgage: $963 (Florida: $1,503)
> Share of housing units with a mortgage: 18.4% (Florida: 56.8%)
> Homeownership rate: 77.3% (Florida: 65.4%)
> Median household income: $33,923 (Florida: $55,660)
[in-text-ad-2]
Georgia: Hardwick
> Median home value: $51,400 (Georgia: $176,000)
> Median monthly housing costs with a mortgage: $961 (Georgia: $1,417)
> Share of housing units with a mortgage: 28.2% (Georgia: 65.1%)
> Homeownership rate: 44.8% (Georgia: 63.3%)
> Median household income: $24,361 (Georgia: $58,700)
Hawaii: Hawaiian Ocean View
> Median home value: $135,000 (Hawaii: $615,300)
> Median monthly housing costs with a mortgage: $982 (Hawaii: $2,418)
> Share of housing units with a mortgage: 40.1% (Hawaii: 65.1%)
> Homeownership rate: 72.7% (Hawaii: 58.9%)
> Median household income: $15,654 (Hawaii: $81,275)
[in-text-ad]
Idaho: Gooding
> Median home value: $83,200 (Idaho: $212,300)
> Median monthly housing costs with a mortgage: $836 (Idaho: $1,270)
> Share of housing units with a mortgage: 54.3% (Idaho: 64.6%)
> Homeownership rate: 61.5% (Idaho: 70.0%)
> Median household income: $32,062 (Idaho: $55,785)
Illinois: Park City
> Median home value: $14,700 (Illinois: $194,500)
> Median monthly housing costs with a mortgage: $1,385 (Illinois: $1,693)
> Share of housing units with a mortgage: 34.4% (Illinois: 63.3%)
> Homeownership rate: 47.0% (Illinois: 66.1%)
> Median household income: $51,082 (Illinois: $65,886)
Indiana: Country Squire Lakes
> Median home value: $48,200 (Indiana: $141,700)
> Median monthly housing costs with a mortgage: $985 (Indiana: $1,148)
> Share of housing units with a mortgage: 51.9% (Indiana: 65.5%)
> Homeownership rate: 71.3% (Indiana: 69.1%)
> Median household income: $37,250 (Indiana: $56,303)
[in-text-ad-2]
Iowa: Audubon
> Median home value: $64,100 (Iowa: $147,800)
> Median monthly housing costs with a mortgage: $755 (Iowa: $1,260)
> Share of housing units with a mortgage: 45.0% (Iowa: 60.6%)
> Homeownership rate: 76.3% (Iowa: 71.1%)
> Median household income: $44,152 (Iowa: $60,523)
Kansas: Oaklawn-Sunview
> Median home value: $46,900 (Kansas: $151,900)
> Median monthly housing costs with a mortgage: $921 (Kansas: $1,378)
> Share of housing units with a mortgage: 26.8% (Kansas: 59.4%)
> Homeownership rate: 39.8% (Kansas: 66.3%)
> Median household income: $28,601 (Kansas: $59,597)
[in-text-ad]
Kentucky: Cumberland
> Median home value: $47,100 (Kentucky: $141,000)
> Median monthly housing costs with a mortgage: $763 (Kentucky: $1,178)
> Share of housing units with a mortgage: 34.8% (Kentucky: 57.7%)
> Homeownership rate: 52.2% (Kentucky: 67.2%)
> Median household income: $19,250 (Kentucky: $50,589)
Louisiana: Homer
> Median home value: $55,600 (Louisiana: $163,100)
> Median monthly housing costs with a mortgage: $778 (Louisiana: $1,295)
> Share of housing units with a mortgage: 23.8% (Louisiana: 52.3%)
> Homeownership rate: 45.0% (Louisiana: 65.6%)
> Median household income: $17,369 (Louisiana: $49,469)
Maine: Millinocket
> Median home value: $60,700 (Maine: $190,400)
> Median monthly housing costs with a mortgage: $870 (Maine: $1,398)
> Share of housing units with a mortgage: 47.1% (Maine: 61.7%)
> Homeownership rate: 69.6% (Maine: 72.3%)
> Median household income: $32,730 (Maine: $57,918)
[in-text-ad-2]
Maryland: Westernport
> Median home value: $68,600 (Maryland: $314,800)
> Median monthly housing costs with a mortgage: $908 (Maryland: $2,017)
> Share of housing units with a mortgage: 39.7% (Maryland: 72.9%)
> Homeownership rate: 74.5% (Maryland: 66.9%)
> Median household income: $42,014 (Maryland: $84,805)
Massachusetts: North Adams
> Median home value: $140,900 (Massachusetts: $381,600)
> Median monthly housing costs with a mortgage: $1,135 (Massachusetts: $2,225)
> Share of housing units with a mortgage: 63.3% (Massachusetts: 69.2%)
> Homeownership rate: 57.4% (Massachusetts: 62.4%)
> Median household income: $41,471 (Massachusetts: $81,215)
[in-text-ad]
Michigan: Beecher
> Median home value: $29,300 (Michigan: $154,900)
> Median monthly housing costs with a mortgage: $934 (Michigan: $1,298)
> Share of housing units with a mortgage: 38.4% (Michigan: 60.1%)
> Homeownership rate: 55.0% (Michigan: 71.2%)
> Median household income: $28,272 (Michigan: $57,144)
24/7 Wall St.
Minnesota: Hoyt Lakes
> Median home value: $69,600 (Minnesota: $223,900)
> Median monthly housing costs with a mortgage: $821 (Minnesota: $1,580)
> Share of housing units with a mortgage: 46.0% (Minnesota: 66.3%)
> Homeownership rate: 93.4% (Minnesota: 71.6%)
> Median household income: $54,063 (Minnesota: $71,306)
Mississippi: Durant
> Median home value: $54,600 (Mississippi: $119,000)
> Median monthly housing costs with a mortgage: $788 (Mississippi: $1,147)
> Share of housing units with a mortgage: 51.4% (Mississippi: 49.4%)
> Homeownership rate: 52.9% (Mississippi: 68.2%)
> Median household income: $19,221 (Mississippi: $45,081)
[in-text-ad-2]
Missouri: Glasgow Village
> Median home value: $30,400 (Missouri: $157,200)
> Median monthly housing costs with a mortgage: $864 (Missouri: $1,277)
> Share of housing units with a mortgage: 47.7% (Missouri: 61.5%)
> Homeownership rate: 25.1% (Missouri: 66.8%)
> Median household income: $33,594 (Missouri: $55,461)
Montana: Roundup
> Median home value: $97,500 (Montana: $230,600)
> Median monthly housing costs with a mortgage: $947 (Montana: $1,429)
> Share of housing units with a mortgage: 42.0% (Montana: 56.7%)
> Homeownership rate: 60.2% (Montana: 68.1%)
> Median household income: $34,310 (Montana: $54,970)
[in-text-ad]
Nebraska: Superior
> Median home value: $59,700 (Nebraska: $155,800)
> Median monthly housing costs with a mortgage: $841 (Nebraska: $1,386)
> Share of housing units with a mortgage: 34.5% (Nebraska: 60.5%)
> Homeownership rate: 68.3% (Nebraska: 66.1%)
> Median household income: $39,408 (Nebraska: $61,439)
Nevada: Hawthorne
> Median home value: $121,400 (Nevada: $267,900)
> Median monthly housing costs with a mortgage: $920 (Nevada: $1,524)
> Share of housing units with a mortgage: 44.3% (Nevada: 68.0%)
> Homeownership rate: 69.1% (Nevada: 56.3%)
> Median household income: $36,993 (Nevada: $60,365)
New Hampshire: Berlin
> Median home value: $92,100 (New Hampshire: $261,700)
> Median monthly housing costs with a mortgage: $1,120 (New Hampshire: $1,948)
> Share of housing units with a mortgage: 49.3% (New Hampshire: 65.8%)
> Homeownership rate: 56.0% (New Hampshire: 71.1%)
> Median household income: $39,130 (New Hampshire: $76,768)
[in-text-ad-2]
New Jersey: Crestwood Village
> Median home value: $73,300 (New Jersey: $335,600)
> Median monthly housing costs with a mortgage: $1,091 (New Jersey: $2,465)
> Share of housing units with a mortgage: 16.0% (New Jersey: 66.8%)
> Homeownership rate: 84.5% (New Jersey: 63.9%)
> Median household income: $29,671 (New Jersey: $82,545)
New Mexico: Tucumcari
> Median home value: $52,200 (New Mexico: $171,400)
> Median monthly housing costs with a mortgage: $768 (New Mexico: $1,280)
> Share of housing units with a mortgage: 31.9% (New Mexico: 54.2%)
> Homeownership rate: 49.3% (New Mexico: 67.7%)
> Median household income: $26,029 (New Mexico: $49,754)
[in-text-ad]
New York: Fort Plain
> Median home value: $61,800 (New York: $313,700)
> Median monthly housing costs with a mortgage: $994 (New York: $2,155)
> Share of housing units with a mortgage: 34.7% (New York: 60.8%)
> Homeownership rate: 55.7% (New York: 53.9%)
> Median household income: $34,688 (New York: $68,486)
North Carolina: East Rockingham
> Median home value: $50,000 (North Carolina: $172,500)
> Median monthly housing costs with a mortgage: $834 (North Carolina: $1,314)
> Share of housing units with a mortgage: 33.0% (North Carolina: 63.2%)
> Homeownership rate: 63.8% (North Carolina: 65.2%)
> Median household income: $22,227 (North Carolina: $54,602)
North Dakota: Grafton
> Median home value: $84,700 (North Dakota: $193,900)
> Median monthly housing costs with a mortgage: $1,040 (North Dakota: $1,426)
> Share of housing units with a mortgage: 35.2% (North Dakota: 53.5%)
> Homeownership rate: 63.5% (North Dakota: 62.4%)
> Median household income: $52,760 (North Dakota: $64,894)
[in-text-ad-2]
Ohio: West Hill
> Median home value: $41,900 (Ohio: $145,700)
> Median monthly housing costs with a mortgage: $671 (Ohio: $1,282)
> Share of housing units with a mortgage: 55.3% (Ohio: 62.9%)
> Homeownership rate: 65.1% (Ohio: 66.1%)
> Median household income: $24,918 (Ohio: $56,602)
Oklahoma: Okemah
> Median home value: $47,600 (Oklahoma: $136,800)
> Median monthly housing costs with a mortgage: $733 (Oklahoma: $1,234)
> Share of housing units with a mortgage: 44.3% (Oklahoma: 54.9%)
> Homeownership rate: 45.8% (Oklahoma: 65.6%)
> Median household income: $33,942 (Oklahoma: $52,919)
[in-text-ad]
Oregon: Burns
> Median home value: $70,500 (Oregon: $312,200)
> Median monthly housing costs with a mortgage: $679 (Oregon: $1,699)
> Share of housing units with a mortgage: 38.6% (Oregon: 66.2%)
> Homeownership rate: 64.9% (Oregon: 62.4%)
> Median household income: $35,821 (Oregon: $62,818)
24/7 Wall St.
Pennsylvania: Mahanoy City
> Median home value: $27,900 (Pennsylvania: $180,200)
> Median monthly housing costs with a mortgage: $902 (Pennsylvania: $1,494)
> Share of housing units with a mortgage: 30.1% (Pennsylvania: 60.1%)
> Homeownership rate: 61.0% (Pennsylvania: 68.9%)
> Median household income: $32,669 (Pennsylvania: $61,744)
Rhode Island: Central Falls
> Median home value: $159,100 (Rhode Island: $261,900)
> Median monthly housing costs with a mortgage: $1,727 (Rhode Island: $1,860)
> Share of housing units with a mortgage: 65.2% (Rhode Island: 68.4%)
> Homeownership rate: 20.2% (Rhode Island: 60.8%)
> Median household income: $32,982 (Rhode Island: $67,167)
[in-text-ad-2]
South Carolina: Allendale
> Median home value: $38,600 (South Carolina: $162,300)
> Median monthly housing costs with a mortgage: $818 (South Carolina: $1,246)
> Share of housing units with a mortgage: 27.6% (South Carolina: 58.3%)
> Homeownership rate: 56.8% (South Carolina: 69.4%)
> Median household income: $19,463 (South Carolina: $53,199)
South Dakota: Redfield
> Median home value: $81,400 (South Dakota: $167,100)
> Median monthly housing costs with a mortgage: $955 (South Dakota: $1,340)
> Share of housing units with a mortgage: 52.4% (South Dakota: 55.6%)
> Homeownership rate: 59.2% (South Dakota: 67.8%)
> Median household income: $46,707 (South Dakota: $58,275)
[in-text-ad]
Tennessee: Halls
> Median home value: $59,600 (Tennessee: $167,200)
> Median monthly housing costs with a mortgage: $829 (Tennessee: $1,244)
> Share of housing units with a mortgage: 47.5% (Tennessee: 59.2%)
> Homeownership rate: 47.0% (Tennessee: 66.3%)
> Median household income: $38,420 (Tennessee: $53,320)
24/7 Wall St.
Texas: Ranger
> Median home value: $37,900 (Texas: $172,500)
> Median monthly housing costs with a mortgage: $986 (Texas: $1,606)
> Share of housing units with a mortgage: 16.6% (Texas: 57.4%)
> Homeownership rate: 64.6% (Texas: 62.0%)
> Median household income: $29,398 (Texas: $61,874)
Utah: Salina
> Median home value: $124,200 (Utah: $279,100)
> Median monthly housing costs with a mortgage: $1,042 (Utah: $1,551)
> Share of housing units with a mortgage: 65.9% (Utah: 70.5%)
> Homeownership rate: 77.3% (Utah: 70.2%)
> Median household income: $54,286 (Utah: $71,621)
[in-text-ad-2]
Vermont: Newport
> Median home value: $117,700 (Vermont: $227,700)
> Median monthly housing costs with a mortgage: $1,132 (Vermont: $1,621)
> Share of housing units with a mortgage: 56.1% (Vermont: 62.6%)
> Homeownership rate: 53.5% (Vermont: 70.8%)
> Median household income: $37,500 (Vermont: $61,973)
Virginia: Covington
> Median home value: $72,900 (Virginia: $273,100)
> Median monthly housing costs with a mortgage: $820 (Virginia: $1,799)
> Share of housing units with a mortgage: 50.7% (Virginia: 68.7%)
> Homeownership rate: 74.5% (Virginia: 66.3%)
> Median household income: $40,655 (Virginia: $74,222)
[in-text-ad]
Washington: Raymond
> Median home value: $93,100 (Washington: $339,000)
> Median monthly housing costs with a mortgage: $980 (Washington: $1,886)
> Share of housing units with a mortgage: 44.4% (Washington: 68.5%)
> Homeownership rate: 73.8% (Washington: 63.0%)
> Median household income: $49,034 (Washington: $73,775)
West Virginia: Richwood
> Median home value: $41,200 (West Virginia: $119,600)
> Median monthly housing costs with a mortgage: $597 (West Virginia: $1,050)
> Share of housing units with a mortgage: 23.6% (West Virginia: 46.6%)
> Homeownership rate: 68.7% (West Virginia: 73.2%)
> Median household income: $28,641 (West Virginia: $46,711)
Wisconsin: Hurley
> Median home value: $60,100 (Wisconsin: $180,600)
> Median monthly housing costs with a mortgage: $976 (Wisconsin: $1,430)
> Share of housing units with a mortgage: 52.2% (Wisconsin: 63.9%)
> Homeownership rate: 60.1% (Wisconsin: 67.0%)
> Median household income: $30,815 (Wisconsin: $61,747)
[in-text-ad-2]
Wyoming: Mills
> Median home value: $112,100 (Wyoming: $220,500)
> Median monthly housing costs with a mortgage: $1,049 (Wyoming: $1,459)
> Share of housing units with a mortgage: 40.9% (Wyoming: 58.3%)
> Homeownership rate: 70.9% (Wyoming: 70.4%)
> Median household income: $46,240 (Wyoming: $64,049)
Methodology
To determine the most affordable town to buy a home in every state, 24/7 Wall St. reviewed five-year estimates of median owner-occupied home values from the U.S. Census Bureau’s 2019 American Community Survey.
We used census “place” geographies — a category that includes 29,573 incorporated legal entities and census-designated statistical entities. Of those, 29,319 had boundaries that fell within one of the 50 states, while the rest were in the District of Columbia or Puerto Rico.
We defined towns based on population thresholds — having at least 1,000 people and less than 25,000 people — and 13,332 of the places fell within these thresholds.
Towns were excluded if owner-occupied median home values were not available in the 2019 ACS, if there were fewer than 1,000 housing units, or if the sampling error associated with a town’s data was deemed too high.
The sampling error was defined as too high if the coefficient of variation — a statistical assessment of how reliable an estimate is — for a town’s owner-occupied median home value was above 15% and greater than two standard deviations above the mean CV for all towns’ owner-occupied median home values. We similarly excluded towns that had a sampling error too high for their population, using the same definition.
The remaining 8,488 places were ranked within their state based on their owner-occupied median home values. To break ties, we used median monthly housing costs with a mortgage.
Additional information on median monthly housing costs with a mortgage, the share of owner-occupied housing units that have a mortgage, rates of homeownership, and median household income are also five-year estimates from the 2019 ACS.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
