Many American families consider a home with three bedrooms the minimum housing requirement. You can turn the other bedrooms into home offices, game rooms, art studios, or anything else you might want if you don’t have children or don’t want a family of your own. Having three bedrooms might be a good balance between having sufficient space for your family and needing to purchase too much housing.
However, the definition of a “three-bedroom” house varies from state to state. The median listing price for a three-bedroom home ranges from $91,000 to over $646,000, depending on your state. Therefore, GOBankingRates conducted a nationwide assessment of the accessibility of the three-bedroom house.
We ranked the states from least costly to most expensive based on the median price of a 3-bedroom mortgage. GOBankingRates provided different contexts by including the average amount of a 20% down payment and the estimated average property tax rate, both of which impact total affordability.
The outcome is a more nuanced understanding of where in the country one may find a buyer-friendly market for an affordable family home and where it is likely that most buyers will be priced out of the marketplace when they first begin their search.
West Virginia
The average cost of a three-bedroom house is $91,493.
20% deposit is $18,299.
The cost of the mortgage every month is $351.
Arkansas
The average cost of a three-bedroom house is $115,944.
20% deposit is $23,189.
The cost of the mortgage every month is $447.
Kentucky
The average cost of a three-bedroom house is $110,998.
20% deposit is $22,200.
The cost of the mortgage every month is $450.
Oklahoma
The average cost of a three-bedroom house is $111,147.
20% deposit is $22,229.
The cost of the mortgage every month is $451.
Mississippi
The average cost of a three-bedroom house is $117,966.
20% deposit is $23,593.
The cost of the mortgage every month is $473.
Alabama
The average cost of a three-bedroom house is $131,943.
20% deposit is $26,389.
The cost of the mortgage every month is $488.
Louisiana
The average cost of a three-bedroom house is $151,303.
20% deposit is $30,261.
The cost of the mortgage every month is $570.
Indiana
The average cost of a three-bedroom house is $143,708.
20% deposit is $28,742.
The cost of the mortgage every month is $583.
Iowa
The average cost of a three-bedroom house is $129,293.
20% deposit is $25,859.
The cost of the mortgage every month is $593.
Kansas
The average cost of a three-bedroom house is $133,099.
20% deposit is $26,620.
The cost of the mortgage every month is $599.
Missouri
The average cost of a three-bedroom house is $153,298.
20% deposit is $30,660.
The cost of the mortgage every month is $643.
South Carolina
The average cost of a three-bedroom house is $171,142.
20% deposit is $34,228.
The cost of the mortgage every month is $653.
Ohio
The average cost of a three-bedroom house is $142,618.
20% deposit is $28,524.
The cost of the mortgage every month is $661.
North Dakota
The average cost of a three-bedroom house is $160,399.
20% deposit is $32,080.
The cost of the mortgage every month is $685.
Tennessee
The average cost of a three-bedroom house is $173,188.
20% deposit is $34,638.
The cost of the mortgage every month is $687.
Georgia
The average cost of a three-bedroom house is $175,074.
20% deposit is $35,015.
The cost of the mortgage every month is $724.
Nebraska
The average cost of a three-bedroom house is $156,733.
20% deposit is $31,347.
The cost of the mortgage every month is $764.
North Carolina
The average cost of a three-bedroom house is $188,751.
20% deposit is $37,750.
The cost of the mortgage every month is $765.
Pennsylvania
The average cost of a three-bedroom house is $172,837.
20% deposit is $34,567.
The cost of the mortgage every month is $800.
New Mexico
The average cost of a three-bedroom house is $202,648.
20% deposit is $40,530.
The cost of the mortgage every month is $801.
South Dakota
The average cost of a three-bedroom house is $181,515.
20% deposit is $36,303.
The cost of the mortgage every month is $806.
Illinois
The average cost of a three-bedroom house is $153,234.
20% deposit is $30,647.
The cost of the mortgage every month is $808.
Michigan
The average cost of a three-bedroom house is $168,009.
20% deposit is $33,602.
The cost of the mortgage every month is $811.
Minnesota
The average cost of a three-bedroom house is $200,240.
20% deposit is $40,048.
The cost of the mortgage every month is $868.
Wisconsin
The average cost of a three-bedroom house is $190,096.
20% deposit is $38,019.
The cost of the mortgage every month is $946.
Virginia
The average cost of a three-bedroom house is $237,273.
20% deposit is $47,455.
The cost of the mortgage every month is $947.
Maine
The average cost of a three-bedroom house is $217,664.
20% deposit is $43,533.
The cost of the mortgage every month is $960.
Texas
The average cost of a three-bedroom house is $201,516.
20% deposit is $40,303.
The cost of the mortgage every month is $993.
Delaware
The average cost of a three-bedroom house is $271,947.
20% deposit is $54,389.
The cost of the mortgage every month is $1,034.
Idaho
The average cost of a three-bedroom house is $266,272.
20% deposit is $53,254.
The cost of the mortgage every month is $1,057.
Wyoming
The average cost of a three-bedroom house is $281,331.
20% deposit is $56,266.
The cost of the mortgage every month is $1,083.
Arizona
The average cost of a three-bedroom house is $275,915.
20% deposit is $55,183.
The cost of the mortgage every month is $1,106.
Vermont
The average cost of a three-bedroom house is $233,213.
20% deposit is $46,643.
The cost of the mortgage every month is $1,112.
Montana
The average cost of a three-bedroom house is $288,415.
20% deposit is $57,683.
The cost of the mortgage every month is $1,171.
Alaska
The average cost of a three-bedroom house is $277,866.
20% deposit is $55,573.
The cost of the mortgage every month is $1,202.
Florida
The average cost of a three-bedroom house is $289,705.
20% deposit is $57,941.
The cost of the mortgage every month is $1,224.
Utah
The average cost of a three-bedroom house is $314,276.
20% deposit is $62,855.
The cost of the mortgage every month is $1,229.
Maryland
The average cost of a three-bedroom house is $304,589.
20% deposit is $60,918.
The cost of the mortgage every month is $1,297.
Nevada
The average cost of a three-bedroom house is $334,362.
20% deposit is $66,872.
The cost of the mortgage every month is $1,357.
Oregon
The average cost of a three-bedroom house is $330,135.
20% deposit is $66,027.
The cost of the mortgage every month is $1,403.
Colorado
The average cost of a three-bedroom house is $379,189.
20% deposit is $75,838.
The cost of the mortgage every month is $1,460.
Connecticut
The average cost of a three-bedroom house is $303,411.
20% deposit is $60,682.
The cost of the mortgage every month is $1,515.
New Hampshire
The average cost of a three-bedroom house is $304,689.
20% deposit is $60,938.
The cost of the mortgage every month is $1,564.
New York
The average cost of a three-bedroom house is $340,864.
20% deposit is $68,173.
The cost of the mortgage every month is $1,605.
Rhode Island
The average cost of a three-bedroom house is $343,789.
20% deposit is $68,758.
The cost of the mortgage every month is $1,628.
Washington
The average cost of a three-bedroom house is $397,122.
20% deposit is $79,424.
The cost of the mortgage every month is $1,688.
New Jersey
The average cost of a three-bedroom house is $366,884.
20% deposit is $73,377.
The cost of the mortgage every month is $1,954.
Massachusetts
The average cost of a three-bedroom house is $504,018.
20% deposit is $100,804.
The cost of the mortgage every month is $2,193.
Hawaii
The average cost of a three-bedroom house is $631,151.
20% deposit is $126,230.
The cost of the mortgage every month is $2,257.
California
The average cost of a three-bedroom house is $646,279.
20% deposit is $129,256.
The cost of the mortgage every month is $2,597.
