GOBankingRates

The Cost To Own a 3-Bedroom Home in Every State

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kali9 / Getty Images

The three-bedroom house is something of a standard for many American families. They’re a great fit for a family of four, but those bedrooms can just as easily become home gyms, art studios or the ever-popular home office in this age of remote working. If you want enough space for your family but don’t want to buy too much house, three bedrooms can be that simple compromise that splits the difference.

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But the price of a three-bedroom home is not the same everywhere you go. Depending on the state you call home, the typical three-bedroom house can list at anywhere from about $149,000 to more than $900,000. That’s why GOBankingRates compiled a study to track the affordability of the three-bedroom house across America.

The states are ranked based on the average monthly mortgage payment for three-bedroom homes — from least to most expensive. For additional context, GOBankingRates included a variety of other important factors that affect overall affordability, like the average size of a 20% down payment and the average effective property tax rate.

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The end result is a clearer picture of which states offer a friendly market for those shopping for a modest family home and which will price most people out of the market before they start looking.

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West Virginia

  • Average 3-bedroom home value: $140,636
  • 20% down payment: $28,127
  • Average effective state property tax: 0.53%
  • Monthly mortgage payment: $666
  • Annual mortgage cost: $7,992
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Mississippi

  • Average 3-bedroom home value: $167,152
  • 20% down payment: $33,430
  • Average effective state property tax: 0.63%
  • Monthly mortgage payment: $806
  • Annual mortgage cost: $9,672
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Oklahoma

  • Average 3-bedroom home value: $174,939
  • 20% down payment: $34,988
  • Average effective state property tax: 0.83%
  • Monthly mortgage payment: $872
  • Annual mortgage cost: $10,464
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Alabama

  • Average 3-bedroom home value: $197,896
  • 20% down payment: $39,579
  • Average effective state property tax: 0.37%
  • Monthly mortgage payment: $911
  • Annual mortgage cost: $10,932
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Louisiana

  • Average 3-bedroom home value: $199,802
  • 20% down payment: $39,960
  • Average effective state property tax: 0.51%
  • Monthly mortgage payment: $943
  • Annual mortgage cost: $11,316
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Kentucky

  • Average 3-bedroom home value: $191,595
  • 20% down payment: $38,319
  • Average effective state property tax: 0.78%
  • Monthly mortgage payment: $947
  • Annual mortgage cost: $11,364
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Arkansas

  • Average 3-bedroom home value: $200,131
  • 20% down payment: $40,026
  • Average effective state property tax: 0.61%
  • Monthly mortgage payment: $961
  • Annual mortgage cost: $11,532
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Kansas

  • Average 3-bedroom home value: $194,090
  • 20% down payment: $38,818
  • Average effective state property tax: 1.28%
  • Monthly mortgage payment: $1,041
  • Annual mortgage cost: $12,492
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Iowa

  • Average 3-bedroom home value: $190,223
  • 20% down payment: $38,045
  • Average effective state property tax: 1.43%
  • Monthly mortgage payment: $1,044
  • Annual mortgage cost: $12,528

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Indiana

  • Average 3-bedroom home value: $210,195
  • 20% down payment: $42,039
  • Average effective state property tax: 0.81%
  • Monthly mortgage payment: $1,045
  • Annual mortgage cost: $12,540
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Ohio

  • Average 3-bedroom home value: $193,700
  • 20% down payment: $38,740
  • Average effective state property tax: 1.52%
  • Monthly mortgage payment: $1,077
  • Annual mortgage cost: $12,924
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Missouri

  • Average 3-bedroom home value: $223,155
  • 20% down payment: $44,631
  • Average effective state property tax: 0.96%
  • Monthly mortgage payment: $1,137
  • Annual mortgage cost: $13,644
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Michigan

  • Average 3-bedroom home value: $224,786
  • 20% down payment: $44,957
  • Average effective state property tax: 1.31%
  • Monthly mortgage payment: $1,211
  • Annual mortgage cost: $14,532
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North Dakota

  • Average 3-bedroom home value: $245,750
  • 20% down payment: $49,150
  • Average effective state property tax: 0.88%
  • Monthly mortgage payment: $1,236
  • Annual mortgage cost: $14,832
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South Carolina

  • Average 3-bedroom home value: $264,348
  • 20% down payment: $52,870
  • Average effective state property tax: 0.53%
  • Monthly mortgage payment: $1,263
  • Annual mortgage cost: $15,156
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Pennsylvania

  • Average 3-bedroom home value: $243,264
  • 20% down payment: $48,653
  • Average effective state property tax: 1.43%
  • Monthly mortgage payment: $1,335
  • Annual mortgage cost: $16,020
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Nebraska

  • Average 3-bedroom home value: $240,854
  • 20% down payment: $48,171
  • Average effective state property tax: 1.54%
  • Monthly mortgage payment: $1,343
  • Annual mortgage cost: $16,116
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Georgia

  • Average 3-bedroom home value: $267,962
  • 20% down payment: $53,592
  • Average effective state property tax: 0.87%
  • Monthly mortgage payment: $1,345
  • Annual mortgage cost: $16,140

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New Mexico

  • Average 3-bedroom home value: $285,168
  • 20% down payment: $57,034
  • Average effective state property tax: 0.59%
  • Monthly mortgage payment: $1,365
  • Annual mortgage cost: $16,380
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Tennessee

  • Average 3-bedroom home value: $286,943
  • 20% down payment: $57,389
  • Average effective state property tax: 0.63%
  • Monthly mortgage payment: $1,383
  • Annual mortgage cost: $16,596
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North Carolina

  • Average 3-bedroom home value: $282,453
  • 20% down payment: $56,491
  • Average effective state property tax: 0.78%
  • Monthly mortgage payment: $1,397
  • Annual mortgage cost: $16,764
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South Dakota

  • Average 3-bedroom home value: $267,796
  • 20% down payment: $53,559
  • Average effective state property tax: 1.14%
  • Monthly mortgage payment: $1,404
  • Annual mortgage cost: $16,848
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New York

  • Average 3-bedroom home value: $263,811
  • 20% down payment: $52,762
  • Average effective state property tax: 1.30%
  • Monthly mortgage payment: $1,421
  • Annual mortgage cost: $17,052
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Wisconsin

  • Average 3-bedroom home value: $255,497
  • 20% down payment: $51,099
  • Average effective state property tax: 1.53%
  • Monthly mortgage payment: $1,423
  • Annual mortgage cost: $17,076
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Wyoming

  • Average 3-bedroom home value: $304,883
  • 20% down payment: $60,977
  • Average effective state property tax: 0.51%
  • Monthly mortgage payment: $1,439
  • Annual mortgage cost: $17,268
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Delaware

  • Average 3-bedroom home value: $304,146
  • 20% down payment: $60,829
  • Average effective state property tax: 0.59%
  • Monthly mortgage payment: $1,456
  • Annual mortgage cost: $17,472

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Illinois

  • Average 3-bedroom home value: $246,366
  • 20% down payment: $49,273
  • Average effective state property tax: 1.97%
  • Monthly mortgage payment: $1,462
  • Annual mortgage cost: $17,544
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Virginia

  • Average 3-bedroom home value: $305,715
  • 20% down payment: $61,143
  • Average effective state property tax: 0.84%
  • Monthly mortgage payment: $1,527
  • Annual mortgage cost: $18,324
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Texas

  • Average 3-bedroom home value: $273,188
  • 20% down payment: $54,638
  • Average effective state property tax: 1.60%
  • Monthly mortgage payment: $1,537
  • Annual mortgage cost: $18,444
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Minnesota

  • Average 3-bedroom home value: $321,335
  • 20% down payment: $64,267
  • Average effective state property tax: 1.05%
  • Monthly mortgage payment: $1,661
  • Annual mortgage cost: $19,932
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Alaska

  • Average 3-bedroom home value: $333,120
  • 20% down payment: $66,624
  • Average effective state property tax: 0.98%
  • Monthly mortgage payment: $1,703
  • Annual mortgage cost: $20,436
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Maryland

  • Average 3-bedroom home value: $345,636
  • 20% down payment: $69,127
  • Average effective state property tax: 1.01%
  • Monthly mortgage payment: $1,775
  • Annual mortgage cost: $21,300
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Florida

  • Average 3-bedroom home value: $367,190
  • 20% down payment: $73,438
  • Average effective state property tax: 0.86%
  • Monthly mortgage payment: $1,840
  • Annual mortgage cost: $22,080
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Maine

  • Average 3-bedroom home value: $356,075
  • 20% down payment: $71,215
  • Average effective state property tax: 1.20%
  • Monthly mortgage payment: $1,885
  • Annual mortgage cost: $22,620
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Connecticut

  • Average 3-bedroom home value: $339,079
  • 20% down payment: $67,816
  • Average effective state property tax: 1.73%
  • Monthly mortgage payment: $1,945
  • Annual mortgage cost: $23,340

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Arizona

  • Average 3-bedroom home value: $406,287
  • 20% down payment: $81,257
  • Average effective state property tax: 0.60%
  • Monthly mortgage payment: $1,948
  • Annual mortgage cost: $23,376
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Vermont

  • Average 3-bedroom home value: $347,145
  • 20% down payment: $69,429
  • Average effective state property tax: 1.76%
  • Monthly mortgage payment: $2,000
  • Annual mortgage cost: $24,000
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Nevada

  • Average 3-bedroom home value: $428,265
  • 20% down payment: $85,653
  • Average effective state property tax: 0.56%
  • Monthly mortgage payment: $2,039
  • Annual mortgage cost: $24,468
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Idaho

  • Average 3-bedroom home value: $456,517
  • 20% down payment: $91,303
  • Average effective state property tax: 0.65%
  • Monthly mortgage payment: $2,208
  • Annual mortgage cost: $26,496
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Connecticut

  • Average 3-bedroom home value: $339,079
  • 20% down payment: $67,816
  • Average effective state property tax: 1.73%
  • Monthly mortgage payment: $1,945
  • Annual mortgage cost: $23,340
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Montana

  • Average 3-bedroom home value: $455,754
  • 20% down payment: $91,151
  • Average effective state property tax: 0.74%
  • Monthly mortgage payment: $2,238
  • Annual mortgage cost: $26,856
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Rhode Island

  • Average 3-bedroom home value: $416,006
  • 20% down payment: $83,201
  • Average effective state property tax: 1.37%
  • Monthly mortgage payment: $2,262
  • Annual mortgage cost: $27,144
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Utah

  • Average 3-bedroom home value: $511,435
  • 20% down payment: $102,287
  • Average effective state property tax: 0.56%
  • Monthly mortgage payment: $2,435
  • Annual mortgage cost: $29,220
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Oregon

  • Average 3-bedroom home value: $491,227
  • 20% down payment: $98,245
  • Average effective state property tax: 0.91%
  • Monthly mortgage payment: $2,482
  • Annual mortgage cost: $29,784

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New Jersey

  • Average 3-bedroom home value: $414,889
  • 20% down payment: $82,978
  • Average effective state property tax: 2.13%
  • Monthly mortgage payment: $2,518
  • Annual mortgage cost: $30,216
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New Hampshire

  • Average 3-bedroom home value: $431,835
  • 20% down payment: $86,367
  • Average effective state property tax: 1.89%
  • Monthly mortgage payment: $2,535
  • Annual mortgage cost: $30,420
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Colorado

  • Average 3-bedroom home value: $544,002
  • 20% down payment: $108,800
  • Average effective state property tax: 0.52%
  • Monthly mortgage payment: $2,572
  • Annual mortgage cost: $30,864
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Massachusetts

  • Average 3-bedroom home value: $541,463
  • 20% down payment: $108,293
  • Average effective state property tax: 1.06%
  • Monthly mortgage payment: $2,804
  • Annual mortgage cost: $33,648
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Washington

  • Average 3-bedroom home value: $579,211
  • 20% down payment: $115,842
  • Average effective state property tax: 0.84%
  • Monthly mortgage payment: $2,893
  • Annual mortgage cost: $34,716
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California

  • Average 3-bedroom home value: $728,128
  • 20% down payment: $145,626
  • Average effective state property tax: 0.70%
  • Monthly mortgage payment: $3,552
  • Annual mortgage cost: $42,624
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Hawaii

  • Average 3-bedroom home value: $911,290
  • 20% down payment: $182,258
  • Average effective state property tax: 0.31%
  • Monthly mortgage payment: $4,149
  • Annual mortgage cost: $49,788

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Jordan Rosenfeld contributed to the reporting for this article.

Methodology: GOBankingRates determined the cost to own a three-bedroom home in every state by analyzing all 50 U.S. states along the following criteria: (1) average home value for a three-bedroom home, sourced from Zillow’s March 2022 index; (2) monthly mortgage payment, using Zillow’s mortgage calculator and based on the March 2022 average home value for a three-bedroom home, 20% down payment, the average state effective property tax sourced from the Tax Foundation and a 5.00% 30-year fixed mortgage, which is the current national average mortgage rate as of April 14, 2022, sourced from the Federal Reserve Bank of St. Louis; and (3) annual mortgage payment calculated by multiplying factor (2) by twelve. States were ranked by factor (2) with the lowest payment being best. All data compiled on April 20, 2022.