Before you shop for a home, it’s important to find out just how much you can afford to pay for your monthly mortgage payment. Visiting a lender to get prequalified for a home loan is one of the first things you should do to learn the amount you might be eligible to borrow and the amount you’d owe each month.

                By                    Jami Farkas

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Alabama: $64,222

  • 2021 average home value: $201,656
  • Monthly mortgage payment: $1,059.68
  • Annual mortgage payments: $12,716

Alaska: $102,513

  • 2021 average home value: $332,437
  • Monthly mortgage payment: $1,915.91
  • Annual mortgage payments: $22,991

Arizona: $98,929

  • 2021 average home value: $441,026
  • Monthly mortgage payment: $2,402.08
  • Annual mortgage payments: $28,825

Arkansas: $60,151

  • 2021 average home value: $174,123
  • Monthly mortgage payment: $949.82
  • Annual mortgage payments: $11,398

California: $153,805

  • 2021 average home value: $785,652
  • Monthly mortgage payment: $4,344.58
  • Annual mortgage payments: $52,135

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Colorado: $114,889

  • 2021 average home value: $490,848
  • Monthly mortgage payment: $3,145.02
  • Annual mortgage payments: $37,740

Connecticut: $102,703

  • 2021 average home value: $372,658
  • Monthly mortgage payment: $2,380.62
  • Annual mortgage payments: $28,567

Delaware: $88,663

  • 2021 average home value: $347,728
  • Monthly mortgage payment: $1,891.03
  • Annual mortgage payments: $22,692

Florida: $95,717

  • 2021 average home value: $397,367
  • Monthly mortgage payment: $2,250.38
  • Annual mortgage payments: $27,005

Georgia: $79,932

  • 2021 average home value: $308,459
  • Monthly mortgage payment: $1,749.44
  • Annual mortgage payments: $20,993

Hawaii: $181,266

  • 2021 average home value: $1,012,084
  • Monthly mortgage payment: $5,267.80
  • Annual mortgage payments: $63,214

Idaho: $101,664

  • 2021 average home value: $468,187
  • Monthly mortgage payment: $2,569.52
  • Annual mortgage payments: $30,834

Illinois: $82,274

  • 2021 average home value: $262,698
  • Monthly mortgage payment: $1,730.71
  • Annual mortgage payments: $20,769

Indiana: $68,527

  • 2021 average home value: $216,473
  • Monthly mortgage payment: $1,216.92
  • Annual mortgage payments: $14,603

Iowa: $68,353

  • 2021 average home value: $190,046
  • Monthly mortgage payment: $1,166.55
  • Annual mortgage payments: $13,999

Kansas: $69,582

  • 2021 average home value: $203,630
  • Monthly mortgage payment: $1,224.47
  • Annual mortgage payments: $14,694

Kentucky: $66,147

  • 2021 average home value: $194,198
  • Monthly mortgage payment: $1,086.84
  • Annual mortgage payments: $13,042

Louisiana: $66,987

  • 2021 average home value: $210,980
  • Monthly mortgage payment: $1,133.29
  • Annual mortgage payments: $13,600

Maine: $94,248

  • 2021 average home value: $351,259
  • Monthly mortgage payment: $2,088.79
  • Annual mortgage payments: $25,065

Maryland: $98,650

  • 2021 average home value: $407,849
  • Monthly mortgage payment: $2,360.73
  • Annual mortgage payments: $28,329

Massachusetts: $131,904

  • 2021 average home value: $593,274
  • Monthly mortgage payment: $3,468.61
  • Annual mortgage payments: $41,623

Michigan: $73,093

  • 2021 average home value: $228,841
  • Monthly mortgage payment: $1,381.80
  • Annual mortgage payments: $16,582

Minnesota: $88,607

  • 2021 average home value: $332,282
  • Monthly mortgage payment: $1,934.40
  • Annual mortgage payments: $23,213

Mississippi: $60,159

  • 2021 average home value: $162,815
  • Monthly mortgage payment: $890.85
  • Annual mortgage payments: $10,690

Missouri: $69,528

  • 2021 average home value: $225,808
  • Monthly mortgage payment: $1,297.62
  • Annual mortgage payments: $15,571

Montana: $98,610

  • 2021 average home value: $436,375
  • Monthly mortgage payment: $2,427.65
  • Annual mortgage payments: $29,132

Nebraska: $74,544

  • 2021 average home value: $235,764
  • Monthly mortgage payment: $1,468.79
  • Annual mortgage payments: $17,625

Nevada: $103,420

  • 2021 average home value: $466,756
  • Monthly mortgage payment: $2,526.66
  • Annual mortgage payments: $30,320

New Hampshire: $115,167

  • 2021 average home value: $440,717
  • Monthly mortgage payment: $2,874.16
  • Annual mortgage payments: $34,490

New Jersey: $118,727

  • 2021 average home value: $467,759
  • Monthly mortgage payment: $3,144.07
  • Annual mortgage payments: $37,729

New Mexico: $77,936

  • 2021 average home value: $288,250
  • Monthly mortgage payment: $1,567.57
  • Annual mortgage payments: $18,811

New York: $97,524

  • 2021 average home value: $367,223
  • Monthly mortgage payment: $2,214.32
  • Annual mortgage payments: $26,572

North Carolina: $82,239

  • 2021 average home value: $310,569
  • Monthly mortgage payment: $1,738.12
  • Annual mortgage payments: $20,857

North Dakota: $79,735

  • 2021 average home value: $277,872
  • Monthly mortgage payment: $1,578.28
  • Annual mortgage payments: $18,939

Ohio: $70,941

  • 2021 average home value: $208,655
  • Monthly mortgage payment: $1,296.42
  • Annual mortgage payments: $15,557

Oklahoma: $62,647

  • 2021 average home value: $177,979
  • Monthly mortgage payment: $1,003.49
  • Annual mortgage payments: $12,042

Oregon: $117,544

  • 2021 average home value: $519,395
  • Monthly mortgage payment: $2,963.10
  • Annual mortgage payments: $35,557

Pennsylvania: $81,125

  • 2021 average home value: $262,698
  • Monthly mortgage payment: $1,612.50
  • Annual mortgage payments: $19,350

Rhode Island: $108,176

  • 2021 average home value: $432,324
  • Monthly mortgage payment: $2,632.09
  • Annual mortgage payments: $31,585

South Carolina: $77,599

  • 2021 average home value: $283,988
  • Monthly mortgage payment: $1,530.19
  • Annual mortgage payments: $18,362

South Dakota: $79,878

  • 2021 average home value: $287,137
  • Monthly mortgage payment: $1,693.12
  • Annual mortgage payments: $20,317

Tennessee: $75,930

  • 2021 average home value: $289,085
  • Monthly mortgage payment: $1,581.75
  • Annual mortgage payments: $18,981

Texas: $84,601

  • 2021 average home value: $303,546
  • Monthly mortgage payment: $1,906.24
  • Annual mortgage payments: $22,875

Utah: $114,938

  • 2021 average home value: $570,266
  • Monthly mortgage payment: $3,086.99
  • Annual mortgage payments: $37,044

Vermont: $101,295

  • 2021 average home value: $352,648
  • Monthly mortgage payment: $2,261.62
  • Annual mortgage payments: $27,139

Virginia: $91,220

  • 2021 average home value: $372,792
  • Monthly mortgage payment: $2,104.99
  • Annual mortgage payments: $25,260

Washington: $128,641

  • 2021 average home value: $619,223
  • Monthly mortgage payment: $3,496.48
  • Annual mortgage payments: $41,958

West Virginia: $59,660

  • 2021 average home value: $136,981
  • Monthly mortgage payment: $738.09
  • Annual mortgage payments: $8,857

Wisconsin: $80,943

  • 2021 average home value: $260,805
  • Monthly mortgage payment: $1,622.62
  • Annual mortgage payments: $19,471

Wyoming: $80,082

  • 2021 average home value: $315,824
  • Monthly mortgage payment: $1,696.47
  • Annual mortgage payments: $20,358

Jordan Rosenfeld contributed to the reporting for this article.