This is the Least Expensive Zip Code in Missouri
The COVID-19 pandemic had devastating economic consequences in the United States, grinding entire industries to a halt. One sector that did not suffer, however, was real estate. Driven by the pandemic, existing home sales hit their highest level in nearly a decade and a half in 2020.
The median home sale price in the United States was $265,000 in 2020 — $30,000 more than it was the previous year. A quarter of a million dollars, however, is not affordable for many Americans. Still, for those on a tight budget, there are many parts of the country where most homes are selling for far less.
Using median home sale prices provided by ATTOM Data Solutions, a real estate and property data company, 24/7 Wall St. identified the least expensive ZIP codes in each state.
Some of the least expensive — and most affordable — real estate being sold in the United States is in St. Louis’ 63136 ZIP code, which covers a section of the northernmost part of the city. The median home sale price in the area was just $37,000 in the last year, only slightly higher than the local median household income of $32,223. For context, the median home sale price nationwide is 4.2 times higher than the national median household income of $62,843.
The area’s home prices are among the lowest in the country likely due in part to reduced demand, precipitated by population decline. Over the last five years, the number of people living in the area contracted by 6.0%.
ZIP codes were ranked based on median sales price of condos and single-family homes in 2020. Only ZIP codes with at least 1,000 single-family homes and condos and where at least 500 of housing units were sold in 2020 were considered. The estimated market value is determined by ATTOM’s automated valuation model.
Supplemental data on median household income, the share of households that are at least 50 years old, and unemployment are five-year estimates at the ZIP code level for 2015-2019 from the U.S. Census Bureau’s American Community Survey.
Least expensive ZIPLocationMedian home sales price ($)Median household income ($)ZIP codes in state with home sale dataAlabama: 35810Huntsville88,00037,48833Alaska: 99504Anchorage282,25079,4725Arizona: 85364Yuma175,00043,314136Arkansas: 72401Jonesboro96,25042,21830California: 95969Paradise30,00051,625207Colorado: 81005Pueblo227,00050,77986Connecticut: 06790Torrington159,47563,05716Delaware: 19805Wilmington140,00047,8858Florida: 32208Jacksonville78,65034,565372Georgia: 31204Macon75,00034,407146Hawaii: 96792Waianae410,00066,7669Idaho: 83201Pocatello201,26350,52616Illinois: 61401Galesburg68,00038,02777Indiana: 46218Indianapolis53,00024,51762Iowa: 52601Burlington89,25049,61321Kansas: 66104Kansas City103,34439,7267Kentucky: 42240Hopkinsville123,00042,95530Louisiana: 71112Bossier City135,00051,62316Maryland: 21223Baltimore26,00028,54954Michigan: 48228Detroit34,50027,33755Minnesota: 55912Austin132,00050,27442Mississippi: 38671Southaven162,69751,2146Missouri: 63136Saint Louis37,00032,22349Montana: 59101Billings224,00049,5146Nebraska: 68104Omaha135,00048,62012Nevada: 89103Las Vegas199,00042,53744New Jersey: 08332Millville124,75057,26550New Mexico: 88310Alamogordo169,09743,30712New York: 14616Rochester127,00052,66016North Carolina: 28052Gastonia115,00039,426121North Dakota: 58103Fargo190,00046,8663Ohio: 43211Columbus58,50026,72460Oklahoma: 73110Oklahoma City97,50043,05930Oregon: 97603Klamath Falls199,50051,97237Pennsylvania: 19140Philadelphia48,25022,79046Rhode Island: 02889Warwick243,00077,7831South Carolina: 29841North Augusta145,00052,51658Tennessee: 38127Memphis45,00029,79892Texas: 78521Brownsville97,37532,169160Utah: 84404Ogden274,72462,73235Virginia: 24012Roanoke146,13046,41475Washington: 99207Spokane195,00041,40169West Virginia: 26508Morgantown264,45070,9041Wisconsin: 54220Manitowoc120,00051,54226Wyoming: 82001Cheyenne264,41263,0252
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