{"id":121651,"date":"2021-09-21T21:28:56","date_gmt":"2021-09-21T21:28:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=121651"},"modified":"2021-09-21T21:28:56","modified_gmt":"2021-09-21T21:28:56","slug":"the-least-expensive-zip-code-to-buy-a-home-in-every-state","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/the-least-expensive-zip-code-to-buy-a-home-in-every-state\/","title":{"rendered":"The Least Expensive ZIP Code to Buy a Home in Every State"},"content":{"rendered":"
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.\u00a0<\/span><\/p>\n 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 places where homes are priced well below the national median home value of $217,500.\u00a0\u00a0<\/span><\/p>\n Using data on median home value from the U.S. Census Bureau, 24\/7 Wall St. identified the least expensive ZIP codes to buy a home in every state. Among the ZIP codes on this list, the median home value ranges from $18,400 to $181,100.\u00a0<\/span><\/p>\n Home values in a given area are often a reflection of what residents can afford, and in every ZIP on this list, the median household income is lower than what the typical household across the state as a whole earns annually. <\/span>Here is a look at the poorest town in every state<\/span>.\u00a0<\/span><\/p>\n 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 one exception, in every ZIP code 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.\u00a0 <\/span>This is the American city with the most foreclosures<\/span>.\u00a0<\/span><\/p>\n Click here to see the least expensive ZIP code to buy a home in every state.<\/strong><\/span>
\nClick here to see our detailed methodology.<\/strong><\/span><\/p>\n