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The Least Expensive ZIP Code in Every State

March 23, 2024

5 min Read

Written by Heather Taylor

Edited by Chris Cluff

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You may be familiar with some expensive ZIP codes in certain states, but do you know where the least expensive ZIP codes can be found across the United States?

To find out where the least expensive ZIP code is in each state, GOBankingRates took the average February 2024 home value and used the 30-year fixed rate average mortgage rate to calculate the average mortgage cost for each state along with the average rental cost. Both rental and mortgage costs were scored and sorted to show the least expensive ZIP codes.

In alphabetical state order, here’s where you’ll find the least expensive ZIP code in every state.

36110: Montgomery, Alabama

Home value: $49,448
Mortgage: $292
Rent: $862

99701: Fairbanks, Alaska

Home value: $257,580
Mortgage: $1,522
Rent: $1,583

85705: Tucson, Arizona

Home value: $258,100
Mortgage: $1,525
Rent: $1,198

72114: North Little Rock, Arkansas

Home value: $78,946
Mortgage: $467
Rent: $947

93701: Fresno, California

Home value: $222,385
Mortgage: $1,314
Rent: $1,060

81004: Pueblo, Colorado

Home value: $205,356
Mortgage: $1,214
Rent: $1,191

06114: Hartford, Connecticut

Home value: $237,359
Mortgage: $1,403
Rent: $1,334

19801: Wilmington, Delaware

Home value: $140,712
Mortgage: $832
Rent: $1,665

32209: Jacksonville, Florida

Home value: $109,779
Mortgage: $649
Rent: $1,081

31903: Columbus, Georgia

Home value: $60,377
Mortgage: $357
Rent: $971

96792: Waianae, Hawaii

Home value: $627,937
Mortgage: $3,711
Rent: $2,001

83204: Pocatello, Idaho

Home value: $314,462
Mortgage: $1,858
Rent: $900

61832: Danville, Illinois

Home value: $53,040
Mortgage: $313
Rent: $649

47305: Muncie, Indiana

Home value: $53,452
Mortgage: $316
Rent: $763

52802: Davenport, Iowa

Home value: $89,089
Mortgage: $526
Rent: $863

67501: Hutchinson, Kansas

Home value: $80,365
Mortgage: $475
Rent: $643

40212: Louisville, Kentucky

Home value: $72,682
Mortgage: $430
Rent: $1,116

71109: Shreveport, Louisiana

Home value: $33,204
Mortgage: $196
Rent: $769

04468: Old Town, Maine

Home value: $216,979
Mortgage: $1,282
Rent: $1,238

21223: Baltimore, Maryland

Home value: $54,348
Mortgage: $321
Rent: $1,377

01201: Pittsfield, Massachusetts

Home value: $278,010
Mortgage: $1,643
Rent: $1,452

48601: Saginaw, Michigan

Home value: $50,480.02
Mortgage: $298.30
Rent: $855.33

55912: Austin, Minnesota

Home value: $165,174.23
Mortgage: $976.07
Rent: $812.50

39209: Jackson, Mississippi

Home value: $31,226
Mortgage: $185
Rent: $985

68113: St. Louis, Missouri

Home value: $48,423
Mortgage: $286
Rent: $950

59401: Great Falls, Montana

Home value: $259,025
Mortgage: $1,531
Rent: $976

68111: Omaha, Nebraska

Home value: $117,049
Mortgage: $692
Rent: $1,225

89029: Laughlin, Nevada

Home value: $308,841
Mortgage: $1,825
Rent: $1,083

03743: Claremont, New Hampshire

Home value: $237,059
Mortgage: $1,401
Rent: $1,638

08103: Camden, New Jersey

Home value: $116,717
Mortgage: $690
Rent: $1,800

88130: Portales, New Mexico

Home value: $134,686
Mortgage: $796
Rent: $875

14605: Rochester, New York

Home value: $68,115
Mortgage: $403
Rent: $850

27260: High Point, North Carolina

Home value: $116,366
Mortgage: $688
Rent: $1,070

58075: Wahpeton, North Dakota

Home value: $196,572
Mortgage: $1,162
Rent: $710

43608: Toledo, Ohio

Home value: $38,041
Mortgage: $225
Rent: $892

73701: Enid, Oklahoma

Home value: $65,576
Mortgage: $388
Rent: $700

97601: Klamath Falls, Oregon

Home value: $250,567
Mortgage: $1,481
Rent: $1,196

16507: Erie, Pennsylvania

Home value: $73,452
Mortgage: $434
Rent: $965

02863: Central Falls, Rhode Island

Home value: $331,221
Mortgage: $1,957
Rent: $1,563

29115: Orangeburg, South Carolina

Home value: $109,435
Mortgage: $647
Rent: $1,025

57104: Sioux Falls, South Dakota

Home value: $203,800
Mortgage: $1,204
Rent: $1,173

38106: Memphis, Tennessee

Home value: $54,831
Mortgage: $324
Rent: $879

77701: Beaumont, Texas

Home value: $73,487
Mortgage: $434
Rent: $988

84078: Vernal, Utah

Home value: $320,072
Mortgage: $1,891
Rent: $1,253

05404: Winooski, Vermont

Home value: $408,348
Mortgage: $2,413
Rent: $2,173

24016: Roanoke, Virginia

Home value: $146,407
Mortgage: $865
Rent: $971

98902: Yakima, Washington

Home value: $272,439
Mortgage: $1,610
Rent: $1,213

25302: Charleston, West Virginia

Home value: $97,639
Mortgage: $577
Rent: $780

53206: Milwaukee, Wisconsin

Home value: $67,323
Mortgage: $398
Rent: $984

82901: Rock Springs, Wyoming

Home value: $266,267
Mortgage: $1,573
Rent: $1,020

Photo disclaimer: Photos are for illustrative purposes only. In many cases, the closest major city outside of the city/county mentioned in the article was used.

Methodology: For this study, GOBankingRates analyzed ZIP codes across the United States to find the least expensive in every state. First GOBankingRates found the average home value from February 2024 as sourced from Zillow Home Value Index, and using the 30-year fixed rate national average mortgage rate, as sourced from the Federal Reserve Economic Research, the average mortgage cost was calculated for each state. The average rental cost was found using the Zillow Observed Rental Index. The rental cost and the mortgage cost were both scored and sorted to show the least expensive ZIP codes in the country. GOBankingRates was then able to use the scores to calculate the least expensive in each state. All data was collected on and is up to date as of March 21, 2024.

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