Homeownership isn’t always all it’s cracked up to be. In fact, depending on where you live, you might not be able to afford a home.
If owning a home is too expensive, you might build more wealth by renting and then investing the difference.
But there are some states where homeownership pays off. SmartAsset took a look at data like average home price per square foot, appreciation, foreclosure rates and property tax rates to determine the states in which homeownership is most likely to pay off.
The financial analysis website gave each state a final score based on that data and then used the scores to rank the states. Following are the highest-ranked states, listed from lower- to higher-scoring.