All 51 States · Ranked by Lowest Home Value

Cheapest States to Buy a House

The cheapest U.S. states to buy a house, ranked by median home value from lowest to highest. Includes income-to-home affordability ratios and median rent.

# State Avg BTI Med. Home Value Med. Income Afford. Ratio Med. Rent
01 West Virginia (11) 49 $146,900 $56,184 0.37 $868
02 Ohio (49) 71 $164,900 $63,130 0.38 $878
03 Alabama (27) 55 $165,600 $58,119 0.35 $861
04 Arkansas (13) 71 $169,600 $56,702 0.34 $913
05 Illinois (28) 80 $172,900 $71,653 0.42 $941
06 Mississippi (15) 76 $172,900 $55,211 0.34 $1,001
07 Michigan (36) 77 $181,100 $65,531 0.36 $924
08 Kansas (10) 66 $181,700 $65,372 0.37 $1,016
09 New Mexico (11) 48 $184,400 $56,246 0.30 $894
10 Texas (68) 39 $186,200 $66,713 0.36 $1,084
11 Oklahoma (14) 71 $190,500 $64,165 0.39 $903
12 New York (45) 55 $192,800 $70,443 0.37 $1,061
13 Louisiana (21) 55 $193,300 $61,381 0.31 $956
14 Indiana (28) 68 $195,100 $66,854 0.37 $964
15 South Carolina (24) 49 $196,600 $61,343 0.32 $973
16 North Carolina (51) 49 $196,800 $60,941 0.32 $969
17 Maine (9) 55 $198,300 $62,118 0.31 $916
18 Pennsylvania (44) 47 $200,200 $67,194 0.36 $933
19 Missouri (22) 64 $201,700 $66,564 0.35 $938
20 Kentucky (19) 41 $207,700 $64,136 0.34 $947
21 Iowa (11) 62 $210,300 $72,977 0.36 $943
22 Tennessee (33) 41 $211,100 $60,633 0.28 $947
23 Georgia (41) 31 $221,800 $68,999 0.32 $1,136
24 Wisconsin (29) 78 $226,400 $72,658 0.33 $935
25 Nebraska (5) 65 $227,400 $70,387 0.33 $997
26 Arizona (11) 45 $233,700 $58,421 0.25 $976
27 South Dakota (3) 67 $247,800 $73,110 0.30 $996
28 Vermont (5) 32 $263,200 $73,633 0.28 $1,077
29 North Dakota (4) 76 $270,300 $78,143 0.28 $975
30 Florida (41) 27 $284,300 $67,543 0.24 $1,363
31 Wyoming (2) 80 $295,800 $76,282 0.28 $1,043
32 Alaska (4) 55 $296,900 $86,435 0.29 $1,360
33 Minnesota (18) 57 $299,800 $92,595 0.30 $1,166
34 New Hampshire (8) 40 $300,200 $83,212 0.28 $1,199
35 Idaho (7) 60 $306,200 $68,473 0.22 $971
36 Virginia (37) 31 $308,300 $82,424 0.27 $1,347
37 Delaware (3) 16 $312,000 $75,406 0.25 $1,224
38 Utah (9) 64 $351,700 $82,291 0.21 $1,188
39 Washington (21) 43 $353,600 $77,581 0.21 $1,142
40 Oregon (18) 44 $365,100 $70,926 0.20 $1,211
41 Nevada (6) 48 $368,800 $70,026 0.22 $1,196
42 New Jersey (21) 41 $372,300 $92,697 0.27 $1,501
43 Maryland (18) 22 $380,500 $108,332 0.29 $1,589
44 Montana (6) 41 $382,400 $71,967 0.22 $1,055
45 Rhode Island (5) 49 $436,000 $96,319 0.23 $1,264
46 Massachusetts (12) 38 $475,500 $88,524 0.22 $1,536
47 Colorado (15) 24 $488,300 $87,199 0.19 $1,632
48 California (43) 29 $549,100 $84,010 0.17 $1,599
49 District of Columbia (1) 0 $705,000 $101,722 0.14 $1,817
50 Hawaii (4) 14 $800,100 $95,379 0.12 $1,805