5 Most Affordable Housing Markets in the US in 2023

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1. Alabama

Median Effective Property Tax Rate: 0.411%

Average Cost of Rent/Month: $823

Homeownership Rate: 72.1%

Final Score: 4.1

Alabamans are fiercely proud of their state, and for good reason. It has a rich college football legacy, delicious Southern cuisine, and affordable housing. According to the Bureau of Economic Analysis, the average cost of living in Alabama for a single individual in 2021 was around $39,657 annually. 

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