Wondering Where Owning a Home Is Cheapest?

The average American spends approximately 23 percent of their overall income on home ownership costs, including, but not limited to: insurance, mortgage payments, taxes, fees, and utility bills. But that percentage can varies quite a bit across the nation, according to a report by the U.S. Census Bureau.

Some states are quite a bit less expensive to own a home than others, with some of the lowest home ownership costs found in Midwestern and Southern states, according to the data.

The following are the states with the lowest home owner costs, in which housing costs make up less than 21 percent of the average overall household income.

• North Dakota: 18.9%
• West Virginia: 19.2%
• Indiana: 20%
• Iowa: 20%
• Arkansas: 20.2%
• Wyoming: 20.6%
• Nebraska: 20.7%
• Kansas: 20.8%
• Oklahoma: 20.8%
• Louisiana: 20.9%
• South Dakota: 20.9%

 Source: “States Where it’s Cheapest to Own a Home,” Credit.com (Oct. 31, 2013)

We take pride in providing very personal service; understanding that buying or selling a house is probably not something that you do every day. Our clients' needs are seldom identical. Our philosophy is to provide customized solutions. We believe that the ability to look at things from your point of view is vital to a smooth sale. That means flexible service. If you are buying or selling a home in southern California, call us today! We are ready to go to work for you.

Richard Kirchnavy

California Real Estate Broker

CalBRE 01016593

Janine Kirchnavy

California Real Estate Broker

CalBRE 01048899

(909) 945-3662

44Realty Corporation

1425 W Foothill Blvd #237

Upland CA 91786

www.44Realty.com