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Moving from your low-rent, but quickly cramped inn room sounds like a great idea, but there are several things to consider before you take the plunge. Based on your needs you may want to consider:

Location: Generally, the closer you are to the transport bells, the more likely it is that you will be paying more for less, so convenience vs. cost can be a factor
Number of rooms: More rooms means more room to place items, but it also means higher rent. In most cases, you can place 100 furniture items for every room in your home, up to a 700-item limit.
Cost: Cost is broken down into the inital purchase price as well as weekly rent. You can reduce the status portion of any weekly rent by placing status-reducing furniture in your home.
Items: The base item count for the home. This can be increased via one crafted house expander, and one station cash house expander

Residency requirements changed with GU56 since each character could now own up to 10 homes. The new rule is that ownership is restricted by alignment. If you are a Freeport resident, you still can't get that cozy acorn in Kelethin, but you can have homes in Neriak and Gorowyn. You can still change residency, but it no longer affects housing choices.

Travel and Housing

The travel revamp of GU56, the ability to own multiple homes, and the introduction of Portal Objects for prestige homes has drastically changed the interaction between travel and housing. Housing is now a big part of travel planning, especially when considering alignment issues. You see, a character with a prestige home can put portal objects in any house to which he has proper access, including houses in areas of opposite alignment. Since the portal object can be used by anyone with proper access to the house where it is located [Visitor level I think. Need to verify], it can be used to magnify the reach of those pesky, expensive and one-to-a-customer Magic Doors to your guild hall. Put the Door in your prestige home, sprinkle portal objects in useful places and presto! Instant travel network for the faction-impaired. (Personal note: Therendil no longer bothers posting a list of Doors for people to use to get to the guild hall for the first time. He simply notes that there is a Door in his Magical Manor and that all his alts all have Portal Objects in their homes. Other guildmates do likewise. We effectively have dozens of Doors as a result.)
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Make sure to check out Therendil's short story "That's What Paladins Do" that details a wee ratongas adventures while verifying data for this article!

Added Notes

If you need help finding any of these homes, remember that alt-w (when in the proper zone) will give you a helpful little wisp to lead you to the front door of the desired address.
Any room count listed with a "+" after it indicates a home with an extra outdoor area added on.
Last, but not least, many, many, huge, ginormous thanks to Therendil for obtaining the updated information for all of these. This guide sat on the back burner for a very long time before it was adopted and updated with the most current housing information.

Non-Status Homes

These homes are for those who do not meet the guild requirements, or cannot afford the status rent cost of one of the status homes..

Qeynos Non-Status Housing
Zone	address	rooms	purchase	rent	items
misc	starter homes	2	free	5s	200
Q. Harbor	Fish's Alehouse	3	48g 30s	1g 94s	300
N. Qeynos	Irontoe's East	3	24g 36s	98s	300
S. Qeynos	Lion's Mane Inn	3	24g 36s	98s	300
S. Qeynos	2, 8, 12, 18 Lucie Street	4	96g 60s	3g 87s	400
S. Qeynos	3, 7, 13 Tranquil Way	4	96g 60s	3g 87s	400
S. Qeynos	15 Tranquil Way	4	96g 60s	3g 87s	400
S. Qeynos	17 Tranquil Way	4	1p 93g 62s	7g 75s	400
Freeport Non-Status Housing
Zone	address	rooms	purchase	rent	items
misc	starter homes	2	free	5s	200
W. Freeport	Blood Haze Inn	3	24g 36s	98s	300
N. Freeport	Jade Tiger Inn	3	24g 36s	98s	300
N. Freeport	3, 5 Integrity Rd	4	96g 60s	3g 87s	400
N. Freeport	7 Integrity Rd	4	1p 93g 62s	7g 75s	400
S. Freeport	3, 5, 7 Freedom Rd	4	96g 60s	3g 87s	400
Kelethin Non-Status Housing
Zone	address	rooms	purchase	rent	items
Greater Faydark	Silver Leaf Inn	2	free	5s	200
Greater Faydark	Aerie Ilka	2	21g 21s	82s 33c	200
Greater Faydark	Aerie Sajlen	3	24g 36s	97s 44c	300
Greater Faydark	Aerie Kaksi	4	96g 60s	3g 86s 40c	400
Greater Faydark	Aerie Kolmas	7+	1p 68g 84s	6g 75s 36c	700

Neriak Non-Status Housing
Zone	address	rooms	purchase	rent	items
Neriak	8 Indigo Road	2	free	5s	200
Neriak	1 Walk of the Dead	4	96g 60s	3g 86s 40c	400
Neriak	3 Walk of the Dead	6+	1p, 70g	7g	700
Gorowyn Non-Status Housing
Zone	address/loc	rooms	purchase	rent	items
Timorous Deep	Lower Tenements	2	free	5s	200
Timorous Deep	Upper Tenements	2	21g 21s	82s 33c	200
Timorous Deep	Terrace Standards	4	96g 60s	3g 86s 40c	400
Timorous Deep	Timorous Heights	6+	1p 70g	7g	700
New Halas Non-Status Housing
Frostfang Sea	Valor Homesteads	2	free	5s	200
Frostfang Sea	Honor Homesteads	2	21g 21s	82s 33c	200
Frostfang Sea	Glacial Villa	4	96g 60s	3g 86s 40c	400
Frostfang Sea	Manors of Erollisi	6+	1p 70g	7g	700

Status Homes

Status homes are available for those who meet a minimum guild level (GL) requirement, allowing them to spend some of their earned Guild Status Points (GSP) in place of a portion of what the cash cost would be for a non-status home. Technically, if you find a willing guild of the proper level, you can always get a guild invite long enough to buy your home, then leave the guild. (Guild level is only checked at the time of purchase, so you won't lose your home if you leave the guild.) Many folks, however, consider this to be bad form.

Qeynos Status Housing
Zone	address	rooms	GL	purchase	rent	items
Q. Harbor	Fish's Alehouse	3	10	28g 98s, 64000 GSP	1g 16s, 6500 GSP	300
N. Qeynos	Irontoe's East	3	10	14g 62s, 22000 GSP	59s, 3000 GSP	300
S. Qeynos	Lion's Mane Inn	3	10	14g 62s, 22000 GSP	59s, 3000 GSP	300
S. Qeynos	6, 12, 14 Karana Court	4	20	57g 96s, 86000 GSP	2g 32s, 9000 GSP	400
S. Qeynos	5, 9, 15 Lucie Street	4	20	57g 96s, 86000 GSP	2g 32s, 9000 GSP	400
S. Qeynos	18 Karana Court	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
S. Qeynos	17& 20 Lucie Street	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
S. Qeynos	20 Karana Court	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
S. Qeynos	5 & 8 Erollisi Lane	6+	30	3p 87g 24s, 250000 GSP	15g 49s, 50000 GSP	700
S. Qeynos	5 Karana Court	6+	30	3p 87g 24s, 250000 GSP	15g 49s, 50000 GSP	700
S. Qeynos	2 & 4 Bayle Court	6+	30	4p 83g 84s, 300000 GSP	19g 36s, 60000 GSP	700
Freeport Status Housing
Zone	address	rooms	GL	purchase	rent	items
E. Freeport	Seafarer's Roost	3	10	28g 98s, 64000 GSP	1g 16s, 6500 GSP	300
W. Freeport	Blood Haze Inn	3	10	14g 62s, 22000 GSP	59s, 3000 GSP	300
N. Freeport	Jade Tiger Inn	3	10	14g 62s, 22000 GSP	59s, 3000 GSP	300
N. Freeport	4, 6, 10 Integrity Rd	4	20	57g 96s, 86000 GSP	2g 32s, 9000 GSP	400
N. Freeport	8 Integrity Rd	4	20	57g 96s, 86000 GSP	2g 32s, 9000 GSP	400
N. Freeport	2 Integrity Rd	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
N. Freeport	3, 5, 7 Compassion Rd	6+	30	3p 87g 24s, 250000 GSP	15g 48s, 50000 GSP	700
N. Freeport	1 Integrity Rd	6+	30	3p 87g 24s, 250000 GSP	15g 48s, 50000 GSP	700
N. Freeport	1 Compassion Rd	6+	30	4p 83g 84s, 300000 GSP	19g 36s, 60000 GSP	700
S. Freeport	6, 8, 10 Freedom Rd	4	20	57g 96s, 86000 GSP	2g 32s, 9000 GSP	400
S. Freeport	4 Freedom Rd	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
S. Freeport	2 Justice Rd	4	20	1p 16g 18s, 120000 GSP	4g 65s, 24000 GSP	400
S. Freeport	1& 2 Freedom Rd	6+	30	3p 87g 24s, 250000 GSP	15g 49s, 50000 GSP	700
S. Freeport	1 Justice Rd	6+	30	4p 83g 84s, 300000 GSP	19g 36s, 60000 GSP	700
Kelethin Status Housing
Zone	address	rooms	GL	purchase	rent	items
Greater Faydark	Aerie Khollo	4	30	50g, 80000 GSP	2g, 8000 GSP	400
Greater Faydark	Aerie Amree	7+	30	1p, 200000 GSP	3g, 50000 GSP	700

Neriak Status Housing
Zone	address	rooms	GL	purchase	rent	items
Neriak	4 Walk of the Dead	3	30	50g, 80000 GSP	2g 8000 GSP	400
Neriak	2 Walk of the Dead	6+	30	1p, 200000 GSP	3g, 50000 GSP	700

Gorowyn Status Housing
Zone	address	rooms	GL	purchase	rent	items
Timorous Deep	Gorowyn Standards	4	30	50g, 80000 GSP	2g 8000 GSP	400
Timorous Deep	Gorowyn Heights	6+	30	1p, 200000 GSP	3g 50000 GSP	700
New Halas Status Housing
Frostfang Sea	Tundra Villa	4	30	50g, 80000 GSP	2g 8000 GSP	400
Frostfang Sea	Manaors of Mithaniel	6+	30	1p, 200000 GSP	3g 50000 GSP	700

GL = guild level required for purchase

Maj'Dul

Updated with new data

In order to purchase a home in Maj'Dul, you must align yourself with one of the city's factions. Reaching kindly status will allow you to purchase a deed for a basic home, warmly allows you to puchase the deed for a standard home, and ally allows you to purchase the deed for an affluent. Deeds cost 60s each, and must be consumed from inventory in order to unlock the ability to actually buy the home.

Maj'Dul Status Housing
type	Deed	rooms	items	purchase	rent
simple aparment	Basic	2	200	14g 62s, 22000 status	59s, 3000 status
small apartment	Basic	2	200	24g 36s	97s 44c
merchant apartment	Standard	3	300	57g 96s, 86000 status	2g 32s, 9000 status
mercenary residence	Standard	3	300	96g 60s	3g 86s
large residence	Affluent	5	700	1p 93g 62s	4g 65s, 24000 status
affluent residence	Affluent	6	700	1p 93g 62s	7g 74s

Notes:

Notes: The Affluent Residence is the one Maj'Dul house with an outdoor area.
The small apartment is on a rooftop, and must be accessed by a climbing wall
Access to the Mercenary Residence is a challenge. You must climb a wall to a rooftop across the street, then work your way down two roofs to a plank that takes you over the street, than back one roof to your door. Oh, and the rooftops are populated with aggressive Dervish thieves in the level 45-50 range. Not recommended if you like to hold parties.

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If you understand some minimal French, you might also want to check out the EQ2Artisans home decor page