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Montana
151,600
North Dakota
118,472
Colorado
107,618
Nebraska
104,260
Oklahoma
99,557
South Dakota
97,197
Kansas
89,945
New Mexico
87,312
Minnesota
85,072
Arkansas
74,620
Wyoming
67,315
California
66,738
Oregon
62,926
Idaho
60,221
Washington
58,156
Alabama
41,819
Missouri
34,633
Wisconsin
29,246
Florida
28,096
Mississippi
24,126
Louisiana
22,988
Arizona
20,268
Michigan
19,861
Utah
16,798
Iowa
8,851
Nevada
4,370
Alaska
3,277
Ohio
108
Illinois
74
Indiana
30

Best States to Homestead 2024

Best States to Homestead 2024

Best States to Homestead 2024

50 states

State
# of Homesteads
Homestead Acreage
Median Price per Acre
Exemptions
Exemptions Married Joined Owners
Laws & Statutes
Montana151,60032.1M$28,861$250,000Real property or mobile home you occupy to $250,000; sale, condemnation, or insurance proceeds exempt for 18 months. Must record homestead declaration before filing for bankruptcy.
North Dakota118,47217.4M$46,117$100,000Real property, house trailer, or mobile home.
Colorado107,61822.1M$11,561$350,000Real property, mobile home, manufactured home, or house trailer you occupy to $250,000; $350,000 if owner, spouse, or dependent is disabled or age 60 or older; sale proceeds exempt 2 years after received.
Nebraska104,26022.3M$49,830$60,000Limited to head of household; cannot exceed 2 lots in city or village, 160 acres elsewhere; sale proceeds exempt 6 months after sale.
Oklahoma99,55714.9M$19,628Unlimited for 160 acres rural, 1 acre urban. $5,000 limit if more than 25% of total sq. ft. area used for business purposes; okay to rent homestead as long as no other residence is acquired.
South Dakota97,19715.7M$77,352Unlimited for 160 acres rural, 1 acre urban. Real property to unlimited value or mobile home (larger than 240 sq. ft. at its base and registered in state at least 6 months before filing) to unlimited value; sale proceeds to $30,000 ($170,000 if over age 70 or widow or widower who hasn’t remarried) exempt for 1 year after sale.
Kansas89,94513.1M$11,596Unlimited for 160 acres rural or 1 acre urban.
New Mexico87,31219.4M$6,000$60,000$120,000Joint owners may double.
Minnesota85,07210.4M$47,375$450,000$450,000 or, if the homestead is used primarily for agricultural purposes, $1,125,000; cannot exceed 1/2 acre in city, 160 acres elsewhere.
Arkansas74,6208.1M$10,558For married person or head of family: unlimited exemption on real or personal property used as residence to 1/4 acre in city, town, or village, or 80 acres elsewhere; if property is between 1/4 to 1 acre in city, town, or village, or 80-160 acres elsewhere, additional limit is $2,500; homestead may not exceed 1 acre in city, town, or village, or 160 acres elsewhere.
Wyoming67,31518.2M$54,000$20,000Real property or house trailer you occupy.
California66,73810.5M$19,965$600,000Minimum homestead exemption of $300,000 and a maximum of the median sale price for a single-family home in the prior calendar year in the county in question to a maximum of $600,000.
Oregon62,92610.5M$16,162$40,000Real property, mobile home or houseboat you occupy or intend to occupy to $40,000 ($50,000 for joint owners); property cannot exceed 1 block in town or city or 160 acres elsewhere; sale proceeds exempt 1 year from sale, if you intend to purchase another home.
Idaho60,2219.7M$62,500$100,000Real property or mobile home to $100,000; sale proceeds exempt for 6 months.
Washington58,1568.5M$80,357$125,000The homestead exemption amount is the greater of $125,000 or the county median sale price of a single family home in the preceding calendar year. Value is based one the Washington Center for Real Estate Research, or if the Washington Center for Real Estate Research no longer provides the data, a successor entity designated by the Office of Financial Management. If the homestead is subject a judgment in favor of the State of Washington for failure to pay that state’s income tax on benefits received while a resident of the state of Washington from a pension or other retirement plan, there is no homestead exemption.
Alabama41,8194.6M$18,103$15,000$30,000Real property or mobile home to $15,000; property cannot exceed 160 acres.
Missouri34,6333.6M$14,078$15,000Mobile home to $5,000
Wisconsin29,2463.1M$25,229$75,000$150,000Property you occupy or intend to occupy; sale proceeds exempt for 2 years if you intend to purchase another home.
Florida28,0963.3M$34,900Real or personal property including mobile or modular home to unlimited value; cannot exceed half acre in municipality or 160 acres. Bankruptcy requires 40 months residency in homestead.
Mississippi24,1262.6M$10,835$75,000$75,000 for 160 acres; sale proceeds exempt. Mobile home (as personal property) to $30,000 (Mobile home does not qualify as homestead unless you own land on which it is located).
Louisiana22,9882.6M$26,767$35,000Property you occupy to $35,000 (if debt is result of catastrophic or terminal illness or injury, limit is full value of property as of 1 year before filing); cannot exceed 5 acres in city or town, 200 acres elsewhere.
Arizona20,2684.1M$4,164$150,000$150,000 for real property, an apartment, or mobile home you occupy to; sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first.
Michigan19,8612.3M$18,333$30,000$30,000 / $45,000 if 65+ or disabled. ; property cannot exceed 1 lot in town, village, city, or 40 acres elsewhere; spouse or children of deceased owner may claim homestead exemption.
Utah16,7983.6M$195,960$20,000$40,000Real property, mobile home, or water rights to $30,000 if primary residence; $5,000 if not primary residence.
Iowa8,851903.2K$51,087Unlimited for 40 acres rural, 1/2 acre urban, homestead retains its prior protection despite annexation.
Nevada4,370704.2K$59,942$550,000Real property or mobile home to $550,000. Must record homestead declaration before filing for bankruptcy.
Alaska3,277363.8K$62,163$72,900Principal residence up to $72,900 (joint owners may each claim a portion, but total can’t exceed $72,900)
Ohio1087.7K$69,620$136,925Real or personal property used as residence.
Illinois745.7K$29,250$15,000$30,000Real or personal property including a farm, lot, & buildings, condo, co-op, or mobile home to $15,000; sale proceeds exempt for 1 year.
Indiana301.8K$43,750$19,300$38,600Real or personal property used as residence to $19,300. Property held as tenancy by the entirety may be exempt against debts incurred by only one spouse.
Connecticut$282,925$75,000$150,000Owner occupied real property, co-op or mobile manufactured home, to $75,000; applies only to claims arising after 1993, but to $125,000 in the case of a money judgment arising out of services provided at a hospital. Husband or wife may double the exemption amount. Owner occupied real property, co-op or mobile manufactured home, to $75,000; applies only to claims arising after 1993, but to $125,000 in the case of a money judgment arising out of services provided at a hospital. Husband or wife may double the exemption amount.
Delaware$175,612$125,000Equity in real property or equity in a manufactured home that is debtor’s principal residence.
Georgia$29,983$21,500$43,000Real or personal property, including co-op, used as residence to $21,500 ($43,000 if married, and the property is solely owned by one spouse); up to $5,000 of unused portion of homestead may be applied to any property.
Hawaii$202,429$20,000$30,000 for head of household or over 65.
Kentucky$21,357$5,000Real or personal property used as residence.
Maine$45,404$47,500Real or personal property (including cooperative) used as residence to $47,500; if debtor has minor dependents in residence, to $95,000; if debtor over age 60 or physically or mentally disabled, $95,000 (joint debtors in this category may double); proceeds of sale exempt for six months.
Maryland$106,195$22,975Owner occupied residential property or condo or co-op to $22,975. Property held as tenancy by the entirety is exempt against debts owed by only one spouse.
Massachusetts$333,250$500,000$500,000 and $500,000 for each age 62+ or disabled person. Record a Declaration of Homestead with the county Registry of Deeds.
New Hampshire$165,149$100,000Real property or manufactured housing (and the land it’s on if you own it).
New Jersey$242,883$0Survivorship interest of a spouse in property held as tenancy by the entirety is exempt from creditors of a single spouse.
New York$12,027$165,550$331,100*Real property including co-op, condo, or mobile home, to $165,550 for the counties of Kings, New York, Queens, Bronx, Richmond, Nassau, Suffolk, Rockland, Westchester, and Putnam; $131,325 for the counties of Dutchess, Albany, Columbia, Orange, Saratoga, and Ulster; $82,775 for the remaining counties in the state. Husband and wife may double.
North Carolina$20,349$35,000$70,000Real or personal property, including co-op, used as residence to $35,000. ($60,000 if 65 or older and spouse is deceased); up to $5,000 of unused portion of homestead may be applied to any property.
Pennsylvania$42,539$0Property held as tenancy by the entirety may be exempt against debts owed by only one spouse.
Rhode Island$350,374$500,000Land and buildings you occupy or intend to occupy as a principal residence.
South Carolina$22,129$58,255$116,510Real property, including co-op.
Tennessee$22,727$5,000$7,500$7,500 unmarried / $12,500 unmarried 62+ / $20,000 married and one spouse 62+ / $25,000 married and both spouses 62+
Texas$29,818Unlimited for 100 acres rural (single) / 200 acres rural (family), 1 acre urban. sale proceeds exempt for 6 months after sale (renting okay if another home not acquired, Prop. 41.003). Must file homestead declaration, or court will file it for you for a fee. Due to Enron executives keeping multi-million dollar mansions, those convicted of securities violations are capped at $125,000.
Vermont$62,297$125,000$250,000 Real property or mobile home. May also claim rents, issues, profits, & out-buildings.
Virginia$23,864$5,000$10,000Must file homestead declaration before filing for bankruptcy. $5,000 plus $500 per dependent; rents & profits; sale proceeds exempt to $5,000 (husband & wife may double, unused portion of homestead may be applied to any personal property); if 65 or older, exemption is $10,000.
West Virginia$44,833$25,000$50,000Real or personal property used as residence; unused portion of homestead may be applied to any property.

Sources