Cheapest States for Housing
These states have the lowest median home prices in the country. Housing affordability is driven by land availability, local demand, and economic conditions — states in the South and Midwest consistently dominate this list.
See also: All State Rankings →
| # | State | Median Home Price | Median Rent | Cost of Living | Property Tax | |
|---|---|---|---|---|---|---|
| 1 |
|
West Virginia | $155,000 | $750/mo | 85.6 | 0.59% |
| West Virginia: median home $155,000, rent $750/mo, property tax 0.59%. | ||||||
| 2 |
|
Mississippi | $176,000 | $850/mo | 85.3 | 0.65% |
| Mississippi: median home $176,000, rent $850/mo, property tax 0.65%. | ||||||
| 3 |
|
Oklahoma | $195,000 | $900/mo | 85.0 | 0.90% |
| Oklahoma: median home $195,000, rent $900/mo, property tax 0.90%. | ||||||
| 4 |
|
Arkansas | $195,000 | $870/mo | 86.9 | 0.61% |
| Arkansas: median home $195,000, rent $870/mo, property tax 0.61%. | ||||||
| 5 |
|
Louisiana | $204,000 | $950/mo | 93.5 | 0.55% |
| Louisiana: median home $204,000, rent $950/mo, property tax 0.55%. | ||||||
| 6 |
|
Kentucky | $209,000 | $900/mo | 92.9 | 0.86% |
| Kentucky: median home $209,000, rent $900/mo, property tax 0.86%. | ||||||
| 7 |
|
Alabama | $214,000 | $950/mo | 87.9 | 0.41% |
| Alabama: median home $214,000, rent $950/mo, property tax 0.41%. | ||||||
| 8 |
|
Iowa | $215,000 | $900/mo | 89.9 | 1.57% |
| Iowa: median home $215,000, rent $900/mo, property tax 1.57%. | ||||||
| 9 |
|
Kansas | $224,000 | $900/mo | 88.9 | 1.41% |
| Kansas: median home $224,000, rent $900/mo, property tax 1.41%. | ||||||
| 10 |
|
Ohio | $230,000 | $1,000/mo | 94.9 | 1.59% |
| Ohio: median home $230,000, rent $1,000/mo, property tax 1.59%. | ||||||
| 11 |
|
Missouri | $231,000 | $950/mo | 88.9 | 0.97% |
| Missouri: median home $231,000, rent $950/mo, property tax 0.97%. | ||||||
| 12 |
|
Indiana | $231,000 | $950/mo | 90.3 | 0.85% |
| Indiana: median home $231,000, rent $950/mo, property tax 0.85%. | ||||||
| 13 |
|
Michigan | $235,000 | $1,000/mo | 90.6 | 1.54% |
| Michigan: median home $235,000, rent $1,000/mo, property tax 1.54%. | ||||||
| 14 |
|
Nebraska | $248,000 | $950/mo | 92.8 | 1.61% |
| Nebraska: median home $248,000, rent $950/mo, property tax 1.61%. | ||||||
| 15 |
|
Pennsylvania | $260,000 | $1,150/mo | 94.9 | 1.58% |
| Pennsylvania: median home $260,000, rent $1,150/mo, property tax 1.58%. | ||||||
| 16 |
|
Illinois | $260,000 | $1,150/mo | 95.5 | 2.07% |
| Illinois: median home $260,000, rent $1,150/mo, property tax 2.07%. | ||||||
| 17 |
|
North Dakota | $268,000 | $950/mo | 91.3 | 0.98% |
| North Dakota: median home $268,000, rent $950/mo, property tax 0.98%. | ||||||
| 18 |
|
Wisconsin | $275,000 | $1,100/mo | 99.3 | 1.73% |
| Wisconsin: median home $275,000, rent $1,100/mo, property tax 1.73%. | ||||||
| 19 |
|
South Carolina | $289,000 | $1,150/mo | 95.2 | 0.57% |
| South Carolina: median home $289,000, rent $1,150/mo, property tax 0.57%. | ||||||
| 20 |
|
South Dakota | $295,000 | $950/mo | 88.5 | 1.31% |
| South Dakota: median home $295,000, rent $950/mo, property tax 1.31%. | ||||||
| 21 |
|
New Mexico | $305,000 | $1,050/mo | 92.9 | 0.80% |
| New Mexico: median home $305,000, rent $1,050/mo, property tax 0.80%. | ||||||
| 22 |
|
Texas | $310,000 | $1,350/mo | 92.7 | 1.74% |
| Texas: median home $310,000, rent $1,350/mo, property tax 1.74%. | ||||||
| 23 |
|
Minnesota | $315,000 | $1,200/mo | 95.3 | 1.12% |
| Minnesota: median home $315,000, rent $1,200/mo, property tax 1.12%. | ||||||
| 24 |
|
North Carolina | $320,000 | $1,250/mo | 97.6 | 0.80% |
| North Carolina: median home $320,000, rent $1,250/mo, property tax 0.80%. | ||||||
| 25 |
|
Georgia | $329,000 | $1,350/mo | 93.4 | 0.92% |
| Georgia: median home $329,000, rent $1,350/mo, property tax 0.92%. | ||||||
| 26 |
|
Tennessee | $330,000 | $1,200/mo | 89.8 | 0.71% |
| Tennessee: median home $330,000, rent $1,200/mo, property tax 0.71%. | ||||||
| 27 |
|
Alaska | $338,000 | $1,350/mo | 129.0 | 1.04% |
| Alaska: median home $338,000, rent $1,350/mo, property tax 1.04%. | ||||||
| 28 |
|
Wyoming | $342,000 | $1,050/mo | 95.4 | 0.61% |
| Wyoming: median home $342,000, rent $1,050/mo, property tax 0.61%. | ||||||
| 29 |
|
Delaware | $348,000 | $1,350/mo | 102.7 | 0.57% |
| Delaware: median home $348,000, rent $1,350/mo, property tax 0.57%. | ||||||
| 30 |
|
Maine | $357,000 | $1,200/mo | 107.7 | 1.36% |
| Maine: median home $357,000, rent $1,200/mo, property tax 1.36%. | ||||||
| 31 |
|
Connecticut | $369,000 | $1,500/mo | 118.5 | 2.15% |
| Connecticut: median home $369,000, rent $1,500/mo, property tax 2.15%. | ||||||
| 32 |
|
Vermont | $380,000 | $1,300/mo | 114.0 | 1.90% |
| Vermont: median home $380,000, rent $1,300/mo, property tax 1.90%. | ||||||
| 33 |
|
Virginia | $390,000 | $1,500/mo | 100.1 | 0.82% |
| Virginia: median home $390,000, rent $1,500/mo, property tax 0.82%. | ||||||
| 34 |
|
Montana | $390,000 | $1,100/mo | 94.0 | 0.84% |
| Montana: median home $390,000, rent $1,100/mo, property tax 0.84%. | ||||||
| 35 |
|
Maryland | $395,000 | $1,650/mo | 98.9 | 1.09% |
| Maryland: median home $395,000, rent $1,650/mo, property tax 1.09%. | ||||||
| 36 |
|
Rhode Island | $405,000 | $1,500/mo | 114.7 | 1.53% |
| Rhode Island: median home $405,000, rent $1,500/mo, property tax 1.53%. | ||||||
| 37 |
|
Florida | $415,000 | $1,700/mo | 101.9 | 0.89% |
| Florida: median home $415,000, rent $1,700/mo, property tax 0.89%. | ||||||
| 38 |
|
Nevada | $415,000 | $1,400/mo | 100.1 | 0.60% |
| Nevada: median home $415,000, rent $1,400/mo, property tax 0.60%. | ||||||
| 39 |
|
Arizona | $418,000 | $1,350/mo | 102.2 | 0.62% |
| Arizona: median home $418,000, rent $1,350/mo, property tax 0.62%. | ||||||
| 40 |
|
New Hampshire | $430,000 | $1,450/mo | 110.6 | 2.09% |
| New Hampshire: median home $430,000, rent $1,450/mo, property tax 2.09%. | ||||||
| 41 |
|
Idaho | $432,000 | $1,200/mo | 96.7 | 0.69% |
| Idaho: median home $432,000, rent $1,200/mo, property tax 0.69%. | ||||||
| 42 |
|
Oregon | $480,000 | $1,500/mo | 111.2 | 0.97% |
| Oregon: median home $480,000, rent $1,500/mo, property tax 0.97%. | ||||||
| 43 |
|
New Jersey | $505,000 | $1,800/mo | 125.1 | 2.23% |
| New Jersey: median home $505,000, rent $1,800/mo, property tax 2.23%. | ||||||
| 44 |
|
Utah | $512,000 | $1,450/mo | 99.0 | 0.58% |
| Utah: median home $512,000, rent $1,450/mo, property tax 0.58%. | ||||||
| 45 |
|
New York | $530,000 | $1,700/mo | 139.1 | 1.73% |
| New York: median home $530,000, rent $1,700/mo, property tax 1.73%. | ||||||
| 46 |
|
Colorado | $545,000 | $1,650/mo | 105.7 | 0.51% |
| Colorado: median home $545,000, rent $1,650/mo, property tax 0.51%. | ||||||
| 47 |
|
Washington | $575,000 | $1,750/mo | 116.9 | 0.98% |
| Washington: median home $575,000, rent $1,750/mo, property tax 0.98%. | ||||||
| 48 |
|
Massachusetts | $635,000 | $2,100/mo | 148.2 | 1.23% |
| Massachusetts: median home $635,000, rent $2,100/mo, property tax 1.23%. | ||||||
| 49 |
|
California | $785,000 | $1,900/mo | 142.2 | 0.75% |
| California: median home $785,000, rent $1,900/mo, property tax 0.75%. | ||||||
| 50 |
|
Hawaii | $840,000 | $2,200/mo | 184.0 | 0.29% |
| Hawaii: median home $840,000, rent $2,200/mo, property tax 0.29%. | ||||||
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