Shocking! Midwest’s Most and Least Affordable ZIP Codes in 2024
Discover the most and least affordable places to buy a home in the Midwest – you might be surprised by what you find!
Winona, Minnesota – In the Midwest, home prices can differ a lot depending on the area. A study used data from Zillow and the US Census to figure out which ZIP codes are the easiest and hardest on the wallet for people looking to buy a home. They looked at how the price of a house compares to the average income in that area.
Flint, Michigan‘s 48505 is the most budget-friendly ZIP code in the country. Here, a median-priced home is less than the yearly income of a local worker. Flint’s water crisis might be a big reason why homes are so affordable.
In Chicago, the most affordable area for homebuyers is the Near West Side (60661), while Logan Square (60629) is the priciest.
Here’s a quick rundown of the most and least affordable ZIP codes in each Midwest state:
Most Affordable ZIP Codes in the Midwest
- Peoria, IL: 61605
- Muncie, IN: 47302
- Keokuk, IA: 52632
- Parsons, KS: 67357
- Flint, MI: 48505
- Hibbing, MN: 55746
- Saint Louis, MO: 63115
- Gering, NE: 69341
- Minot, ND: 58703
- Toledo, OH: 43608
- Huron, SD: 57350
- Milwaukee, WI: 53206
Least Affordable ZIP Codes in the Midwest
- Chicago, IL: 60853
- Bloomington, IN: 47408
- Iowa City, IA: 52246
- Lawrence, KS: 66047
- Detroit, MI: 48201
- Minneapolis, MN: 55414
- Columbia, MO: 65201
- Lincoln, NE: 68508
- Grand Forks, ND: 58201
- Columbus, OH: 439201
- Spearfish, SD: 57783
- Madison, WI: 53715
Conclusion
In conclusion, whether you’re looking for a budget-friendly home or exploring pricier neighborhoods, the Midwest has a wide range of options. From Flint’s affordability to Chicago’s higher costs, there’s a ZIP code to match every homebuyer’s budget.
Before making a decision, it’s essential to consider the local economy, amenities, and lifestyle each area offers. Happy house hunting!
