RANKING · 1990 CENSUS · 51 SHOWN OF 51

Cheapest homes, US states · 1990

US states with the lowest median home value (2023 ACS owner-occupied units). South Dakota leads at $45,000. 51 states qualify in total.

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SAME RANKING BYCities Counties Metros ZIP codes

YEAR1990 2000 2010 2020 2024

RANKPLACESTATEPOPMEDIAN HOME VALUEVS 2000

01South Dakota, SDSD907,428$45,000−39%

02Mississippi, MSMS2,946,779$45,100−30%

03Iowa, IAIA3,210,507$45,500−45%

04Arkansas, ARAR3,049,391$46,000−32%

05West Virginia, WVWV1,778,373$47,600−28%

06Oklahoma, OKOK4,028,634$47,600−30%

07Nebraska, NENE1,978,707$50,000−42%

08Kentucky, KYKY4,534,824$50,100−37%

09North Dakota, NDND784,841$50,500−26%

10Kansas, KSKS2,947,197$51,800−36%

11Alabama, ALAL5,086,768$53,200−31%

12Indiana, ININ6,851,073$53,500−42%

13Montana, MTMT1,116,875$56,500−41%

14Idaho, IDID1,934,262$58,000−43%

15Louisiana, LALA4,611,961$58,000−25%

16Tennessee, TNTN7,066,383$58,000−34%

17Texas, TXTX30,188,424$58,900−24%

18Missouri, MOMO6,191,814$59,300−32%

19Michigan, MIMI10,077,761$60,100−46%

20South Carolina, SCSC5,296,225$60,700−27%

21Wyoming, WYWY582,397$61,600−33%

22Wisconsin, WIWI5,914,872$62,100−43%

23Ohio, OHOH11,810,293$62,900−37%

24North Carolina, NCNC10,730,404$65,300−32%

25Oregon, OROR4,254,293$66,800−54%

26Utah, UTUT3,392,331$68,700−52%

27Pennsylvania, PAPA13,018,639$69,100−27%

28New Mexico, NMNM2,120,246$69,800−26%

29Georgia, GAGA10,940,407$70,700−30%

30Minnesota, MNMN5,739,445$73,700−38%

31Florida, FLFL22,416,077$76,500−18%

32Arizona, AZAZ7,378,838$79,700−27%

33Illinois, ILIL12,694,798$80,100−37%

34Colorado, COCO5,862,189$82,400−49%

35Maine, MEME1,387,817$87,300−7%

36Virginia, VAVA8,705,170$90,400−24%

37Washington, WAWA7,816,116$93,200−41%

38Alaska, AKAK735,706$94,400−31%

39Nevada, NVNV3,184,612$95,300−28%

40Vermont, VTVT647,106$95,600−14%

41Delaware, DEDE1,021,191$99,700−18%

42Maryland, MDMD6,206,011$115,500−19%

43District of Columbia, DCDC681,294$121,700−21%

44New Hampshire, NHNH1,394,868$129,300+1%

45New York, NYNY19,852,366$130,400−12%

46Rhode Island, RIRI1,101,801$132,700+2%

47New Jersey, NJNJ9,343,809$161,200−4%

48Massachusetts, MAMA7,044,056$162,200−11%

49Connecticut, CTCT3,624,508$176,700+10%

50California, CACA39,287,377$194,300−2%

51Hawaii, HIHI1,445,235$242,600−3%

SHOWING 1–51 OF 51

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UPDATED 2026-06-02 · DATA: US CENSUS BUREAU ACS 5-YEAR ESTIMATES

Frequently asked

Which state has the lowest median home value?

South Dakota ranks #1 with $45,000 (1990 American Community Survey).

What are the top 5 states by median home value?

South Dakota, Mississippi, Iowa, Arkansas, West Virginia.

How many states are in this ranking?

51 states qualify after filtering for population minimums and data availability. The ranking covers 1990 ACS 5-year data.

How is median home value measured?

Median value of owner-occupied homes. Source: US Census Bureau, American Community Survey 5-year estimates (1990).