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

Joel Anderson

The three-bedroom house is something of a standard for many American families. They’re a great fit for a family of four, but those bedrooms can just as easily become home offices, gyms, art studios or whatever else you can imagine should you live alone or choose not to have kids. If you want enough space for your family but don’t want to buy too much house, three-bedrooms can be that simple compromise that splits the difference.

But a three-bedroom home is not the same everywhere you go. Depending on the state you call home, the typical three-bedroom can list at anywhere from $160,000 to over half a million dollars. 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 median list price for three-bedroom homes — from most expensive to least expensive. For additional context, GOBankingRates included a variety of other important factors that affect overall affordability, like the price per square foot, the average mortgage payment and the median rent.

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.

50. Hawaii

  • Price per square foot: $527.19
  • Average list price for a three-bedroom home: $695,000
  • Average monthly mortgage payment: $2,773
  • Median rent for three-bedroom home: $2,512

49. California


  • Price per square foot: $323.31
  • Average list price for a three-bedroom home: $515,000
  • Average monthly mortgage payment: $2,306
  • Median rent for three-bedroom home: $2,699

48. Massachusetts


  • Price per square foot: $267.82
  • Average list price for a three-bedroom home: $425,000
  • Average monthly mortgage payment: $2,048
  • Median rent for three-bedroom home: $2,501

47. Colorado


  • Price per square foot: $262.88
  • Average list price for a three-bedroom home: $414,900
  • Average monthly mortgage payment: $1,809
  • Median rent for three-bedroom home: $1,965

46. Washington


  • Price per square foot: $242.26
  • Average list price for a three-bedroom home: $399,900
  • Average monthly mortgage payment: $1,899
  • Median rent for three-bedroom home: $1,974

45. New Jersey


  • Price per square foot: $194.33
  • Average list price for a three-bedroom home: $385,000
  • Average monthly mortgage payment: $2,220
  • Median rent for three-bedroom home: $2,107

44. Oregon


  • Price per square foot: $219.78
  • Average list price for a three-bedroom home: $372,995
  • Average monthly mortgage payment: $1,775
  • Median rent for three-bedroom home: $1,681

43. Maryland


  • Price per square foot: $188.81
  • Average list price for a three-bedroom home: $364,990
  • Average monthly mortgage payment: $1,741
  • Median rent for three-bedroom home: $1,694

42. Utah


  • Price per square foot: $191.51
  • Average list price for a three-bedroom home: $330,000
  • Average monthly mortgage payment: $1,473
  • Median rent for three-bedroom home: $1,481

41. Montana


  • Price per square foot: $207.67
  • Average list price for a three-bedroom home: $329,000
  • Average monthly mortgage payment: $1,519
  • Median rent for three-bedroom home: $1,344

40. Rhode Island


  • Price per square foot: $210.54
  • Average list price for a three-bedroom home: $315,000
  • Average monthly mortgage payment: $1,652
  • Median rent for three-bedroom home: $1,622

39. Idaho


  • Price per square foot: $173.23
  • Average list price for a three-bedroom home: $315,000
  • Average monthly mortgage payment: $1,432
  • Median rent for three-bedroom home: $1,343

38. New Hampshire


  • Price per square foot: $171.56
  • Average list price for a three-bedroom home: $314,000
  • Average monthly mortgage payment: $1,776
  • Median rent for three-bedroom home: $1,727

37. Nevada


  • Price per square foot: $177.34
  • Average list price for a three-bedroom home: $304,900
  • Average monthly mortgage payment: $1,427
  • Median rent for three-bedroom home: $1,423

36. Alaska


  • Price per square foot: $170.21
  • Average list price for a three-bedroom home: $299,900
  • Average monthly mortgage payment: $1,477
  • Median rent for three-bedroom home: $1,648

35. Connecticut


  • Price per square foot: $177.13
  • Average list price for a three-bedroom home: $289,000
  • Average monthly mortgage payment: $1,595
  • Median rent for three-bedroom home: $1,647

34. Vermont


  • Price per square foot: $163.44
  • Average list price for a three-bedroom home: $285,900
  • Average monthly mortgage payment: $1,533
  • Median rent for three-bedroom home: $1,717

33. Arizona


  • Price per square foot: $160.22
  • Average list price for a three-bedroom home: $285,158
  • Average monthly mortgage payment: $1,322
  • Median rent for three-bedroom home: $1,368

32. Florida


  • Price per square foot: $166.54
  • Average list price for a three-bedroom home: $285,000
  • Average monthly mortgage payment: $1,382
  • Median rent for three-bedroom home: $1,796

31. Delaware


  • Price per square foot: $151.65
  • Average list price for a three-bedroom home: $277,963
  • Average monthly mortgage payment: $1,217
  • Median rent for three-bedroom home: $1,437

30. Minnesota


  • Price per square foot: $189.15
  • Average list price for a three-bedroom home: $274,900
  • Average monthly mortgage payment: $1,356
  • Median rent for three-bedroom home: $1,549

29. Virginia


  • Price per square foot: $161.46
  • Average list price for a three-bedroom home: $270,00
  • Average monthly mortgage payment: $1,245
  • Median rent for three-bedroom home: $1,588

28. Wyoming


  • Price per square foot: $175.33
  • Average list price for a three-bedroom home: $269,000
  • Average monthly mortgage payment: $1,202
  • Median rent for three-bedroom home: $1,092

27. Tennessee


  • Price per square foot: $135.71
  • Average list price for a three-bedroom home: $252,000
  • Average monthly mortgage payment: $1,157
  • Median rent for three-bedroom home: $1,383

26. Maine


  • Price per square foot: $174.83
  • Average list price for a three-bedroom home: $250,400
  • Average monthly mortgage payment: $1,260
  • Median rent for three-bedroom home: $1,521

25. North Carolina


  • Price per square foot: $135.09
  • Average list price for a three-bedroom home: $242,990
  • Average monthly mortgage payment: $1,141
  • Median rent for three-bedroom home: $1,283

24. Texas


  • Price per square foot: $129.32
  • Average list price for a three-bedroom home: $241,000
  • Average monthly mortgage payment: $1,348
  • Median rent for three-bedroom home: $1,518

23. Illinois


  • Price per square foot: $153.06
  • Average list price for a three-bedroom home: $239,500
  • Average monthly mortgage payment: $1,405
  • Median rent for three-bedroom home: $1,685

22. South Carolina


  • Price per square foot: $128.23
  • Average list price for a three-bedroom home: $231,990
  • Average monthly mortgage payment: $1,039
  • Median rent for three-bedroom home: $1,323

21. New Mexico


  • Price per square foot: $139.07
  • Average list price for a three-bedroom home: $231,945
  • Average monthly mortgage payment: $1,067
  • Median rent for three-bedroom home: $1,244

20. Wisconsin


  • Price per square foot: $142.49
  • Average list price for a three-bedroom home: $229,900
  • Average monthly mortgage payment: $1,297
  • Median rent for three-bedroom home: $1,199

19. New York


  • Price per square foot: $194.38
  • Average list price for a three-bedroom home: $229,900
  • Average monthly mortgage payment: $1,222
  • Median rent for three-bedroom home: $2,313

18. North Dakota


  • Price per square foot: $150.58
  • Average list price for a three-bedroom home: $224,900
  • Average monthly mortgage payment: $1,131
  • Median rent for three-bedroom home: $1,160

17. Michigan


  • Price per square foot: $132.81
  • Average list price for a three-bedroom home: $222,700
  • Average monthly mortgage payment: $1,234
  • Median rent for three-bedroom home: $1,372

16. South Dakota


  • Price per square foot: $171.17
  • Average list price for a three-bedroom home: $219,900
  • Average monthly mortgage payment: $1,132
  • Median rent for three-bedroom home: $1,105

15. Georgia


  • Price per square foot: $121.10
  • Average list price for a three-bedroom home: $215,000
  • Average monthly mortgage payment: $1,037
  • Median rent for three-bedroom home: $1,370

14. Pennsylvania


  • Price per square foot: $134.90
  • Average list price for a three-bedroom home: $200,000
  • Average monthly mortgage payment: $1,062
  • Median rent for three-bedroom home: $1,317

13. Nebraska

  • Price per square foot: $138.96
  • Average list price for a three-bedroom home: $200,000
  • Average monthly mortgage payment: $1,124
  • Median rent for three-bedroom home: $1,251

12. Louisiana


  • Price per square foot: $121.87
  • Average list price for a three-bedroom home: $199,900
  • Average monthly mortgage payment: $891
  • Median rent for three-bedroom home: $1,202

11. Kentucky


  • Price per square foot: $118.98
  • Average list price for a three-bedroom home: $189,900
  • Average monthly mortgage payment: $907
  • Median rent for three-bedroom home: $1,049

10. Alabama


  • Price per square foot: $103.82
  • Average list price for a three-bedroom home: $189,900
  • Average monthly mortgage payment: $1,042
  • Median rent for three-bedroom home: $1,122

9. Missouri


  • Price per square foot: $121.53
  • Average list price for a three-bedroom home: $185,000
  • Average monthly mortgage payment: $911
  • Median rent for three-bedroom home: $1,028

8. Iowa


  • Price per square foot: $130.34
  • Average list price for a three-bedroom home: $184,900
  • Average monthly mortgage payment: $983
  • Median rent for three-bedroom home: $1,106

7. Arkansas


  • Price per square foot: $101.07
  • Average list price for a three-bedroom home: $183,800
  • Average monthly mortgage payment: $847
  • Median rent for three-bedroom home: $1,008

6. Indiana


  • Price per square foot: $109.08
  • Average list price for a three-bedroom home: $181,990
  • Average monthly mortgage payment: $879
  • Median rent for three-bedroom home: $1,113

5. Mississippi


  • Price per square foot: $95.61
  • Average list price for a three-bedroom home: $179,000
  • Average monthly mortgage payment: $852
  • Median rent for three-bedroom home: $1,103

4. Oklahoma


  • Price per square foot: $106.28
  • Average list price for a three-bedroom home: $172,000
  • Average monthly mortgage payment: $834
  • Median rent for three-bedroom home: $972

3. West Virginia

  • Price per square foot: $98.13
  • Average list price for a three-bedroom home: $164,999
  • Average monthly mortgage payment: $765
  • Median rent for three-bedroom home: $955

2. Kansas

  • Price per square foot: $124.92
  • Average list price for a three-bedroom home: $164,900
  • Average monthly mortgage payment: $877
  • Median rent for three-bedroom home: $1,061

1. Ohio


  • Price per square foot: $110.57
  • Average list price for a three-bedroom home: $160,000
  • Average monthly mortgage payment: $873
  • Median rent for three-bedroom home: $1,125

Methodology: GOBankingRates determined the cost to own a three-bedroom home in every state by analyzing all 50 U.S. states along the following criteria: (1) median listing price for a three-bedroom home, sourced from Zillow’s July 2019 index; (2) median listing price per square foot, sourced from Zillow’s July 2019 index; (3) monthly mortgage payment, using Zillow’s mortgage calculator and based on the current median listing price, 20% down payment, average state effective property tax and a 3.6% 30-year fixed mortgage, which is the current national average mortgage rate as of Aug. 15, 2019, sourced from Freddie Mac; (4) median rent for a three-bedroom home, sourced from Zillow’s July 2019 index. States were ranked by their median listing price. All data compiled on Aug. 19, 2019.

This article originally appeared on GOBankingRates.com: The Cost to Own a 3-Bedroom Home in Every State