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The most affordable states to buy a house in 2021
The most affordable states to buy a house in 2021
Why do people choose to live where they do? Affordability is a major factor.
Using U.S. Census data, Rocket Homes released a list of the most affordable states to buy a home in 2021. It based rankings on the most recently available data for median home values, median household incomes, and what percentage of their monthly incomes homeowners with mortgages spend on housing costs.
1. Indiana
Indiana population: 6,732,219
Median household income: $57,603
Median home value: $156,000
Source: U.S. Census data, compiled by Rocket Homes
2. Iowa
Iowa population: 3,155,070
Median household income: $61,691
Median home value: $158,900
Source: U.S. Census data, compiled by Rocket Homes
3. Ohio
Ohio population: 11,689,100
Median household income: $58,642
Median home value: $157,200
Source: U.S. Census data, compiled by Rocket Homes
4. West Virginia
West Virginia population: 1,792,147
Median household income: $48,850
Median home value: $124,600
Source: U.S. Census data, compiled by Rocket Homes
5. Michigan
Michigan population: 9,986,857
Median household income: $59,584
Median home value: $169,600
Source: U.S. Census data, compiled by Rocket Homes
6. Wyoming
Wyoming population: 578,759
Median household income: $65,003
Median home value: $235,200
Source: U.S. Census data, compiled by Rocket Homes
7. Wisconsin
Wisconsin population: 5,822,434
Median household income: $64,168
Median home value: $197,200
Source: U.S. Census data, compiled by Rocket Homes
8. Missouri
Missouri population: 6,137,428
Median household income: $57,409
Median home value: $168,000
Source: U.S. Census data, compiled by Rocket Homes
9. North Dakota
North Dakota population: 762,062
Median household income: $64,577
Median home value: $205,400
Source: U.S. Census data, compiled by Rocket Homes
10. South Carolina
South Carolina population: 5,148,714
Median household income: $56,227
Median home value: $179,800
Source: U.S. Census data, compiled by Rocket Homes
