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The Most Affordable ZIP Codes to Buy Property in Every State

The average cost of a house in the U.S. today is over half a million dollars. In a country home to both most of the world’s billionaires and 37.9 million people living in poverty, that figure could either be astronomically out of a person’s budget or just a drop in the bucket.

That figure also doesn’t paint much of a picture of the sheer range in house prices across the country. Sure, we know that homes in the sun-dappled states of Hawaii and California tend to carry much higher price tags than any other. We also know that the average property in glitzy cities like New York and San Francisco goes for hundreds of thousands of dollars more than in a rural town.

But how much do house prices change on a neighborhood-to-neighborhood level? And can the people who actually live in these neighborhoods afford to buy a house at all? To find out, American Home Shield went in search of the most and least affordable ZIP codes for local residents to buy a home in the U.S.

What We Did

We first used a U.S. Census databank to retrieve the population of every ZIP code in the U.S. with more than 10,000 residents. For each ZIP code, we then gathered the median home price (from Zillow) and the median household income (from U.S. Census data). We then divided each ZIP code’s median home value by the median household income, giving us a home price-to-household income ratio. The last step was to rank the most affordable (i.e., the lowest ratio) and least affordable (highest ratio) ZIP codes in the country for locals to buy a house.

Key Findings

  • The most affordable ZIP code in the country for locals to buy a house is 48505 in Flint, Michigan. The median house price is 0.95 times the median annual salary of a local worker.
  • The least affordable is the 90210 ZIP code of Beverly Hills, Los Angeles, where a typical home costs 34.82 times what a typical local worker earns in a year.
  • In New York City, two ZIP codes in the Bronx are the most (10462) and least (10454) affordable for local residents to buy a home.
  • In Chicago, 60661 (Near West Side) is the most affordable ZIP code, while 60629 (Logan Square) is the least affordable.
  • In Houston, 77345 (Kingwood) is the most affordable ZIP code, while 77024 (around Piney Point Village) is the least affordable.
  • In Philadelphia, 19133 (Fairhill) is the most affordable ZIP code, while 77024 (parts of Ludlow) is the least affordable.

Flint, Michigan, ZIP Code Is the Most Affordable Place in the U.S. for Locals To Buy Property

In the Flint, Michigan, ZIP code of 48505, the median price of a home ($27,703) is less than what a typical local worker makes annually ($29,061), making for a home price-to-household income ratio of 0.95. This earns the ZIP code the title of the most affordable in the country for locals to buy a house. Rocked by a crisis that saw the local water supply contaminated with lead and harmful bacteria, the population of the city as a whole has dropped, likely decreasing demand for housing.

After that, the ranking is mostly populated by ZIP codes in America’s Rustbelt, a region that suffered economically after the decline in heavy industry. Population has declined, too, but in recent years, millennials have been flocking to Rustbelt towns due to the cheaper housing.

Table showing the most and least affordable ZIP codes in the United States to buy property.

Which Are the Most and Least Affordable ZIP Codes To Buy Property in America?

Our map below reveals the most affordable ZIP code in each state. In Texas — which has seen an influx of new residents this year — 79007 takes the title, a code found in the city of Borger. In 79007, a typical house costs just 1.65 times what the average local worker makes in a year. Even the wealthiest states have their more affordable ZIP codes; in the 6074 ZIP code of South Windsor, Connecticut, a typical home costs 2.94 times the local median annual salary.

Map showing the

    <h2>The Least Affordable ZIP Code in Each State</h2>

    <p>The least affordable ZIP code in each state is often found in part of a bustling city. <b>Illinois's</b> is <b>60653</b>, a ZIP code that encompasses parts of Oakland (once one of the <a href=

poorest neighborhoods in Chicago), where a typical home goes on the market for 8.78 times a local person’s income. In Nevada, it’s the 89106 ZIP code of Las Vegas (9.58), and in Pennsylvania, it’s 15213 in Pittsburgh (10.10). Among the very least affordable ZIP codes on the map is 2554 in Nantucket, Maine (22.76).

Map of the least affordable zip codes to buy property

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A Typical Home in One Bronx ZIP Code Costs Over 31 Times a Local Worker’s Income

Honing in on New York City — one of the world’s most expensive cities in which to live — the most affordable ZIP codes mostly encompass areas of the Bronx, Queens, and Staten Island. But one ZIP code in particular stands out: 10017, where the median cost of a home is 5.16 times what a typical local worker earns in a year. This code covers Murray Hill, a Manhattan neighborhood just a few blocks away from the Empire State Building, considered not to be gentrifying (as of 2018) based on how the median rent has increased relative to income.

List of the most and least expensive zip codes in New York City

One Bell Canyon ZIP Code Ranks As the Most Affordable Place in LA for Locals To Buy a Home

It’s a city so steeped in wealth that — according to wealthy property owners protesting a local tax designed to help the homeless — even five million dollars won’t get you a mansion. But surely there are some ZIP codes in Los Angeles where it’s possible for the ordinary earner to buy a home? 91307 comes top in that respect, an area of Bell Canyon and West Hills where a typical home goes for just 7.80 times more than what a local household earns in a year (an impressive $125,343).

List of the most and least affordable zip codes in Los Angeles

Among the least affordable ZIP codes in LA is 90007 (27.79), a code that encompasses the neighborhood of North University Park, one of the lowest-income neighborhoods in the country. Situated close to the University of Southern California, luxury housing developments intended solely for students have sprung up in recent years, threatening to displace existing residents. Landlords have also been evicting long-term renters to turn their properties into profit-generating student accommodation.

In Chicago, Houses in One ZIP Code Sell for 5.30 Times What Locals Earn in a Year

60661 ranks as the most affordable ZIP code in Chicago. The median price of a home in this code, which covers the community of Near West Side, is only 2.30 times the median annual income of a local earner. Here, July saw the groundbreaking of a new mixed-use development planned to offer 63 affordable residential units60655 (2.73) ranks among the next-most affordable ZIP codes, covering the community area of Mount Greenwood, one of the wealthier areas in the city.


Other ZIP codes in the Second City aren’t so affordable for the average local. 60647 (Logan Square) comes top in that respect, where a typical home costs 5.30 times more than the median household income. It wasn’t always this way in Logan Square; before twenty-first-century gentrification, this area’s inexpensive rent and housing attracted a population of immigrants and working-class citizens. Among the other least affordable ZIP codes are 60639 (5.28)

Amid a Lack of Affordable Housing, 19133 Ranks As Philadelphia’s Most Affordable ZIP Code

The 19133 ZIP code in Philadelphia ranks as the most affordable in which to buy a home in the city; the median price of a house here is just 2.36 times the median annual salary of a local worker. This ZIP code also ranks as the poorest in the city, with a poverty rate of five times the national average. Next is 19132 (2.51), encompassing an area to the west of Fairhill.


Philadelphia also has its share of neighborhoods where buying a home is out of reach for the average local earner. Indeed, according to Pew Charitable Trusts, “in Philadelphia, there simply isn’t enough affordable housing for the large number of residents at the low end of the income scale.” 19122 is the least affordable ZIP code of all, where a typical home costs 6.65 times what a local worker makes in a year. Incidentally, this ZIP code covers an area just south of the most affordable ZIP code in the city.

Essential Budgeting Tips for First-Time Home Buyers

In a time of soaring house prices and interest rates, it’s no wonder that the share of first-time home buyers in the U.S. dropped to a record low in 2022. But don’t despair if you’re in the market for your first property — follow our essential tips to help you budget like a pro.

1. Figure out what you can afford

Take a look at how much you earn in gross income per month. A good rule of thumb is to look for a property that won’t require you to spend more than 28% of your monthly gross income on your mortgage. Keep in mind any debt, too, like student loans.

Mortgage lenders will analyze your debt-to-income ratio when considering whether to grant you a mortgage. According to Investopedia: “Ideally, lenders prefer a debt-to-income ratio lower than 36%, with no more than 28% of that debt going towards servicing a mortgage or rent payment.”

2. Visualize your current spending

Free online budget templates are a great way of calculating how much you spend and on what each month. Not only does this help you figure out how much of your income needs to be allotted to essentials (like bills), but once you’ve visualized where your money is going, you can identify the expenses you can eliminate to maximize your savings for a deposit.

You don’t need to cut out all the things you enjoy spending your hard-earned money on, but perhaps there’s a luxury or two you could go without for the time being. Take a look at your bank statements; you could be one of the 42% of Americans still paying for a subscription they no longer need.

3. Research government-backed schemes

First-time buyers looking to make the most of a smaller budget should research whether they’d be able to get help from loan programs or incentives backed by the government. For example, one Federal Housing Administration (FHA) program allows first-time buyers to secure a house with just a 3.5% down payment. For more information, take a look at Investopedia’s breakdown of incentives for first-time buyers.

Once you’ve made the leap and got the keys for your first house (phew!), one final thing to remember is to make sure your house is properly insured and covered by a home warranty that protects all your essential systems and appliances against unexpected breakdowns.


To determine the most affordable ZIP codes to buy property, we reviewed data on home prices from Zillow and income from the U.S. Census Bureau. ZIP codes were ranked based on the ratio of median home price to median household income. ZIP codes with the highest ratios of median home price to median household income were considered to be the least affordable, and those with the lowest ratios the most affordable. Data on median home price is from Zillow and is current as of October 2023. Data on median household income is from the U.S. Census Bureau’s 2021 American Community Survey. Only ZIP code tabulation areas with at least 10,000 residents were considered.


AHS assumes no responsibility, and specifically disclaims all liability, for your use of any and all information contained herein.

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