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

The three-bedroom house is something of a standard for many American families. You’ve got room for the adults, for a few kids — or if you don’t have little ones, use the extra bedrooms for guest space, a home office, a mini-gym or a hobby room.

And while the function of three-bedroom homes is standard, too, from one location to the next, the price certainly isn’t. Depending on the state you call home, the typical three-bedroom house can range from the mid- to high-$100,000s to about $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, the average effective property tax rate and average annual property taxes.

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.

• Average 3-bedroom home value: $163,788
• 20% down payment: $32,758
• Average effective state property tax: 0.55%
• Annual property tax: $901
• Monthly mortgage payment: $909
• Annual mortgage cost: $10,912

• Average 3-bedroom home value: $186,361
• 20% down payment: $37,272
• Average effective state property tax: 0.65%
• Annual property tax: $1,211
• Monthly mortgage payment: $1,050
• Annual mortgage cost: $12,602

• Average 3-bedroom home value: $197,487
• 20% down payment: $39,497
• Average effective state property tax: 0.88%
• Annual property tax: $1,738
• Monthly mortgage payment: $1,151
• Annual mortgage cost: $13,809

• Average 3-bedroom home value: $210,317
• 20% down payment: $42,063
• Average effective state property tax: 0.54%
• Annual property tax: $1,136
• Monthly mortgage payment: $1,166
• Annual mortgage cost: $13,991

• Average 3-bedroom home value: $218,144
• 20% down payment: $43,629
• Average effective state property tax: 0.39%
• Annual property tax: $851
• Monthly mortgage payment: $1,182
• Annual mortgage cost: $14,184

• Average 3-bedroom home value: $216,901
• 20% down payment: $43,380
• Average effective state property tax: 0.82%
• Annual property tax: $1,779
• Monthly mortgage payment: $1,253
• Annual mortgage cost: $15,036

• Average 3-bedroom home value: $223,599
• 20% down payment: $44,720
• Average effective state property tax: 0.84%
• Annual property tax: $1,878
• Monthly mortgage payment: $1,295
• Annual mortgage cost: $15,545

• Average 3-bedroom home value: $203,448
• 20% down payment: $40,690
• Average effective state property tax: 1.58%
• Annual property tax: $3,214
• Monthly mortgage payment: $1,304
• Annual mortgage cost: $15,649

• Average 3-bedroom home value: $212,045
• 20% down payment: $42,409
• Average effective state property tax: 1.32%
• Annual property tax: $2,799
• Monthly mortgage payment: $1,313
• Annual mortgage cost: $15,759

• Average 3-bedroom home value: $210,997
• 20% down payment: $42,199
• Average effective state property tax: 1.50%
• Annual property tax: $3,165
• Monthly mortgage payment: $1,338
• Annual mortgage cost: $16,061

• Average 3-bedroom home value: $237,422
• 20% down payment: $47,484
• Average effective state property tax: 0.99%
• Annual property tax: $2,350
• Monthly mortgage payment: $1,405
• Annual mortgage cost: $16,862

• Average 3-bedroom home value: $248,026
• 20% down payment: $49,605
• Average effective state property tax: 0.95%
• Annual property tax: $2,356
• Monthly mortgage payment: $1,460
• Annual mortgage cost: $17,516

• Average 3-bedroom home value: $237,100
• 20% down payment: $47,420
• Average effective state property tax: 1.38%
• Annual property tax: $3,272
• Monthly mortgage payment: $1,480
• Annual mortgage cost: $17,764

• Average 3-bedroom home value: $245,413
• 20% down payment: $49,083
• Average effective state property tax: 1.49%
• Annual property tax: $3,657
• Monthly mortgage payment: $1,555
• Annual mortgage cost: $18,657

• Average 3-bedroom home value: $280,648
• 20% down payment: $56,130
• Average effective state property tax: 0.56%
• Annual property tax: $1,572
• Monthly mortgage payment: $1,560
• Annual mortgage cost: $18,725

• Average 3-bedroom home value: $254,190
• 20% down payment: $50,838
• Average effective state property tax: 1.61%
• Annual property tax: $4,092
• Monthly mortgage payment: $1,636
• Annual mortgage cost: $19,629

• Average 3-bedroom home value: $282,003
• 20% down payment: $56,401
• Average effective state property tax: 0.91%
• Annual property tax: $2,566
• Monthly mortgage payment: $1,650
• Annual mortgage cost: $19,803

• Average 3-bedroom home value: $250,412
• 20% down payment: $50,082
• Average effective state property tax: 2.02%
• Annual property tax: $5,058
• Monthly mortgage payment: $1,697
• Annual mortgage cost: $20,364

• Average 3-bedroom home value: $302,074
• 20% down payment: $60,415
• Average effective state property tax: 0.66%
• Annual property tax: $1,994
• Monthly mortgage payment: $1,705
• Annual mortgage cost: $20,457

• Average 3-bedroom home value: $286,128
• 20% down payment: $57,226
• Average effective state property tax: 1.18%
• Annual property tax: $3,376
• Monthly mortgage payment: $1,739
• Annual mortgage cost: $20,865

• Average 3-bedroom home value: $302,663
• 20% down payment: $60,533
• Average effective state property tax: 0.82%
• Annual property tax: $2,482
• Monthly mortgage payment: $1,748
• Annual mortgage cost: $20,981

• Average 3-bedroom home value: $310,423
• 20% down payment: $62,085
• Average effective state property tax: 0.68%
• Annual property tax: $2,111
• Monthly mortgage payment: $1,757
• Annual mortgage cost: $21,084

• Average 3-bedroom home value: $323,244
• 20% down payment: $64,649
• Average effective state property tax: 0.56%
• Annual property tax: $1,810
• Monthly mortgage payment: $1,797
• Annual mortgage cost: $21,567

• Average 3-bedroom home value: $279,845
• 20% down payment: $55,969
• Average effective state property tax: 1.66%
• Annual property tax: $4,645
• Monthly mortgage payment: $1,812
• Annual mortgage cost: $21,750

• Average 3-bedroom home value: $326,386
• 20% down payment: $65,277
• Average effective state property tax: 0.59%
• Annual property tax: $1,926
• Monthly mortgage payment: $1,823
• Annual mortgage cost: $21,875

• Average 3-bedroom home value: $292,944
• 20% down payment: $58,589
• Average effective state property tax: 1.38%
• Annual property tax: $4,043
• Monthly mortgage payment: $1,829
• Annual mortgage cost: $21,948

• Average 3-bedroom home value: $284,798
• 20% down payment: $56,960
• Average effective state property tax: 1.63%
• Annual property tax: $4,642
• Monthly mortgage payment: $1,837
• Annual mortgage cost: $22,049

• Average 3-bedroom home value: $327,330
• 20% down payment: $65,466
• Average effective state property tax: 0.87%
• Annual property tax: $2,848
• Monthly mortgage payment: $1,905
• Annual mortgage cost: $22,855

• Average 3-bedroom home value: $321,336
• 20% down payment: $64,267
• Average effective state property tax: 1.10%
• Annual property tax: $3,535
• Monthly mortgage payment: $1,931
• Annual mortgage cost: $23,175

• Average 3-bedroom home value: $355,538
• 20% down payment: $71,108
• Average effective state property tax: 1.02%
• Annual property tax: $3,626
• Monthly mortgage payment: $2,113
• Annual mortgage cost: $25,357

• Average 3-bedroom home value: $358,581
• 20% down payment: $71,716
• Average effective state property tax: 1.04%
• Annual property tax: $3,729
• Monthly mortgage payment: $2,137
• Annual mortgage cost: $25,646

• Average 3-bedroom home value: $397,737
• 20% down payment: $79,547
• Average effective state property tax: 0.60%
• Annual property tax: $2,386
• Monthly mortgage payment: $2,225
• Annual mortgage cost: $26,697

• Average 3-bedroom home value: $399,817
• 20% down payment: $79,963
• Average effective state property tax: 0.65%
• Annual property tax: $2,599
• Monthly mortgage payment: $2,253
• Annual mortgage cost: $27,036

• Average 3-bedroom home value: $385,465
• 20% down payment: $77,093
• Average effective state property tax: 0.91%
• Annual property tax: $3,508
• Monthly mortgage payment: $2,256
• Annual mortgage cost: $27,068

• Average 3-bedroom home value: $354,469
• 20% down payment: $70,894
• Average effective state property tax: 1.76%
• Annual property tax: $6,239
• Monthly mortgage payment: $2,325
• Annual mortgage cost: $27,904

• Average 3-bedroom home value: $380,583
• 20% down payment: $76,117
• Average effective state property tax: 1.25%
• Annual property tax: $4,757
• Monthly mortgage payment: $2,335
• Annual mortgage cost: $28,019

• Average 3-bedroom home value: $425,560
• 20% down payment: $85,112
• Average effective state property tax: 0.70%
• Annual property tax: $2,979
• Monthly mortgage payment: $2,416
• Annual mortgage cost: $28,990

• Average 3-bedroom home value: $380,749
• 20% down payment: $76,150
• Average effective state property tax: 1.82%
• Annual property tax: $6,930
• Monthly mortgage payment: $2,517
• Annual mortgage cost: $30,201

• Average 3-bedroom home value: $457,496
• 20% down payment: $91,499
• Average effective state property tax: 0.75%
• Annual property tax: $3,431
• Monthly mortgage payment: $2,616
• Annual mortgage cost: $31,394

• Average 3-bedroom home value: $471,000
• 20% down payment: $94,200
• Average effective state property tax: 0.59%
• Annual property tax: $2,779
• Monthly mortgage payment: $2,631
• Annual mortgage cost: $31,567

• Average 3-bedroom home value: $420,826
• 20% down payment: $84,165
• Average effective state property tax: 1.43%
• Annual property tax: $6,018
• Monthly mortgage payment: $2,645
• Annual mortgage cost: $31,739

• Average 3-bedroom home value: $478,301
• 20% down payment: $95,660
• Average effective state property tax: 0.94%
• Annual property tax: $4,496
• Monthly mortgage payment: $2,811
• Annual mortgage cost: $33,730

• Average 3-bedroom home value: $519,497
• 20% down payment: $103,899
• Average effective state property tax: 0.54%
• Annual property tax: $2,805
• Monthly mortgage payment: $2,880
• Annual mortgage cost: $34,558

• Average 3-bedroom home value: $450,619
• 20% down payment: $90,124
• Average effective state property tax: 1.96%
• Annual property tax: $8,832
• Monthly mortgage payment: $3,031
• Annual mortgage cost: $36,374

• Average 3-bedroom home value: $445,613
• 20% down payment: $89,123
• Average effective state property tax: 2.21
• Annual property tax: $9,848
• Monthly mortgage payment: $3,090
• Annual mortgage cost: $37,084

• Average 3-bedroom home value: $550,865
• 20% down payment: $110,173
• Average effective state property tax: 0.88%
• Annual property tax: $4,848
• Monthly mortgage payment: $3,210
• Annual mortgage cost: $38,517

• Average 3-bedroom home value: $544,419
• 20% down payment: $108,884
• Average effective state property tax: 1.14%
• Annual property tax: $6,206
• Monthly mortgage payment: $3,290
• Annual mortgage cost: $39,482

• Average 3-bedroom home value: $692,454
• 20% down payment: $138,491
• Average effective state property tax: 0.73%
• Annual property tax: $5,055
• Monthly mortgage payment: $3,948
• Annual mortgage cost: $47,379

• Average 3-bedroom home value: $890,877
• 20% down payment: $178,175
• Average effective state property tax: 0.31%
• Annual property tax: $2,762
• Monthly mortgage payment: $4,768
• Annual mortgage cost: $57,213

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