The premise is simple: They post cheap old houses. It probably won’t come as a surprise that New York and Washington, D.C. are tied for the most expensive state to buy a house in, with a median home price of $705,600. To find the cheapest states to buy a home, we analyzed data for all 50 states, plus Washington, D.C., across the following five metrics: Effective property tax … Mississippi is the second-cheapest state to buy a home. Looking to buy cheap land for sale? Get ’Em Here! In order to find the least expensive places to buy a home, GOBankingRates used data from Zillow and the U.S. Census Bureau to analyze every significant city in all 50 states and chose three to five places where houses are a steal. A relatively high average structure cost lands Florida among the most expensive places to build. In fact the cheapest is Zuccoli in Palmerston which has a median house price of $232,000, followed by Johnston in the same region at $240,000 and then Tennant Creek at $245,000. We'll start with the most affordable states to buy a house in. The average home price is $196,803. Unemployment in Iowa is at an all-time low and the economy is booming — making it one of the cheapest places to buy a house. Visitors can learn about the space program and see NASA rockets and space shuttles. All of the states in the top 10 are located in the South or the Midwest. The Land of Lincoln is more than just Chicago and farm fields. Manage your GDPR consents by clicking here. 31. Often, an area’s population will also affect the cost of living. Learn more: Illinois Real Estate Market Trends in 2019. According to June 2019 data from The Missouri Economic Research and Information Center, the state's unemployment rate is 3.3%, lower than the national average. Learn more: Alabama Real Estate Market Trends in 2019. Even in larger cities like Detroit, the cost of living and the average price of homes is extremely affordable. The 10 Most Affordable Places to Buy a Beach House. Ranking based on data from the U.S. Census, FBI, and other data sources. The median listing price in the Mountain State is $165,000 – the lowest median price in the study. The northernmost state in the lower 48, Maine's reputation for great ocean views and amazing seafood isn't overstated. The average home price is $196,803. While the real estate market remains hot, it's possible to find some serious bargains out there. Pennsylvania Whether you settle down in the capital of Baton Rouge or a quaint Cajun town in the bayou, you'll have affordable housing options. Learn more: Kansas Real Estate Market Trends in 2019. The average home price in Toledo is a modest $51,200, but in certain neighborhoods you can find move-in … Toledo, Ohio. Buying & Selling Homes; 15 Cheapest Places to Buy Land in America Are you looking to build your dream home? SmartAsset, a financial technology company, just released a study revealing the cheapest states to buy a home in. There are at least 31 counties in the United States that make it totally possible to buy land with a small budget. After moving to Kansas, you’ll be as homesick for it as Dorothy and Toto if you ever leave. Sorry, comments are currently closed. 10 Tried-and-Tested Food Traditions for Good Luck in the New Year, The 26 Best Online Games to Play With Friends While Social Distancing, Gone, But Not Forgotten: Remembering the Celebrities We Lost in 2020, We've Rounded Up Everything You Need to Know About, 50 Fun New Year's Trivia Questions and Answers to Keep Your Guests Impressed Long After Midnight. The cheapest is in north western New South Wales at Collarenebrin where the median is only $28,200, followed by Ungarie in the central west which has a median of $60,000. That’s REALLY low. Thinking about buying a house? From visiting Abraham Lincoln's boyhood home to walking the streets of Chicago's Loop, Illinois is a delightful place to call home. For $220,000, you can buy this three-bedroom, three-bathroom house near the actual Hobe Sound. It's one of the most exciting cities in the US and is home to celebrities like Beyonce, Sandra Bullock, and Lil Wayne. 50. Massachusetts was rated the most expensive place in the U.S. to buy a home. To determine which states … Internationally known for the automotive hub of Detroit, the state’s current economy might hold a few surprises for those who haven’t been following the state’s revitalization. But what really hit many by surprise was the excellent response to the pandemic. Combine that with a strong jobs sector covering transportation logistics, automotive manufacturing, and healthcare, and you’ve got a nearly perfect place to move. The Hobe Hills subdivision property features a balcony, spiral … The most affordable place in the cheapest state would be Aberdeen. Freeport, Texas $63,917 Home to the manmade Pleasure Island, Port Arthur gives you a sunny dose of water year-round. After that, look to Oklahoma, West Virginia or Kentucky, respectively. Slow down. Most of the houses … The median listing price per square foot in Mississippi is $95.75, the lowest in this study for this metric. An email has been sent to you. From millennials to musicians to tourists, people are flocking to the city. There are beautiful views, friendly people, and history like you wouldn't believe. Despite rising home prices, these cities still offer some of the cheapest places to buy a home in the U.S. Average home value in West Virginia: $107,064 . Learn more: West Virginia Real Estate Market Trends in 2019. Oklahoma. The Cheapest States to Buy a House, Ranked. 10 cheapest U.S. cities for buying a home. Arkansas. Hey, maybe some may need a bit of work, and they might be a little remote, but compared to state median house prices, they're a bargain! Moncton, N.B. Related: Thinking About Taking the Plunge? West Virginia! A state’s location and infrastructure will also influence the cost of living. The most expensive states to buy a house in 2020 On the other end of the spectrum, the two most expensive states for housing prices are Hawaii ($516/square foot, $665,000) and … When you have a budget to maintain, you don’t want to live in an unaffordable location. Here in the Magnolia State, the cost to rent? Here’s what you should know about the cheapest places to find land for sale. Nashville is quickly becoming a city popular with everyone. In fact, Nebraska consistently has one of the lowest unemployment rates in the country. Learn more: The 5 Most Affordable Places to Live in Michigan. Not to mention, Indianapolis has a charm all its own. Often a forgotten Southern state, Arkansas has a rich history, is full of natural resources, and boasts a steadily improving economy. Massachusetts was rated the most expensive place in the U.S. to buy a home. Learn more: Average Cost of Living in Kentucky: An In-Depth Guide, Work with Clever — we'll help cover your closing costs.*. Iowa City is also incredibly popular with younger people. Here are the cheapest states to buy a house, ranked, according to median home pricing data from Homes.com. Pursuant to U.S. We sell cheap houses and our prices start from $4,999 only! Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home. Mississippi’s overall median listing price is a top-five rate, at $189,000. Approximately 600km north of Adelaide, recent home sales included a one-bedroom house on 768sqm which sold for just $15,000. 35 Virtual New Year's Zoom Events for Kids That Are Safe, But Still Social, 100 Fun Movie Trivia Questions (With Answers) to Stump All Your Film-Loving Friends. Once you've decided which affordable state is right for you, connect with Clever to find an experienced, local realtor. Tulsa and Oklahoma City are both thriving communities with unique vibes for urbanites. This may sound hard to believe, but it is still possible to buy a bargain house in the United States today. We sell cheap houses and our prices start from $4,999 only! conditions of our, Your use of this website constitutes and manifests your acceptance Slow down. Learn more: Everything You Need to Know About Moving to Mississippi. Another Southern state, Mississippi, takes fourth place in our list of top 10 cheapest states to buy a home. That’s REALLY low. If you want an out-of-this-world experience, a NASA's Marshall Space Flight Center is in Huntsville. Cheapest cities to buy a house: Saint Joseph, Florissant, Independence, Cape Girardeau; Cost of living index: 87.1 >> Browse Missouri investment properties . The average home price in Toledo is a modest $51,200, but in certain neighborhoods you can find move-in ready homes for less than $35,000. 2. Learn more: Oklahoma Real Estate Market Trends in 2019. No matter where you settle down in Arkansas, you're sure to be close to some stellar views and impressive career opportunities. Here’s where homebuyers on a … And while this Illinois might seem more expensive compared to the rest of the states on this list, remember that Chicago throws off the averages. So if you're willing to roll up your sleeves, you might just have yourself a dream home! Join Clever’s network, West Virginia Real Estate Market Trends in 2019, Average Cost of Living in Texas: An In-Depth Guide, Arkansas Real Estate Market Trends in 2019, The 5 Most Affordable Places to Live in Missouri, Oklahoma Real Estate Market Trends in 2019, Alabama Real Estate Market Trends in 2019, The 5 Most Affordable Places to Live in Michigan, Nebraska Real Estate Market Trends in 2019, The Best Places to Live in Louisiana: An In-Depth Guide, Buying a House in Indiana: An In-Depth Guide, The 5 Most Affordable Places to Live in Ohio, Average Cost of Living in Kentucky: An In-Depth Guide, Average Cost of Living in Tennessee: An In-Depth Guide, Everything You Need to Know About Moving to Mississippi, Average Cost of Living in Georgia: An In-Depth Guide, Illinois Real Estate Market Trends in 2019, The Best Places to Live in Maine: An In-Depth Guide, Average Cost of Living in South Carolina: An In-Depth Guide. Photo disclaimer: Photos are for illustrative purposes only. The port city of Thunder Bay is located on Lake Superior in Ontario. States with lower price parities are cheaper to live in, while those over 100 are more expensive. Methodology: To discover the 50 cheapest, safest places to buy … Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. Refresh your page, login and try again. When you buy a home in Iowa, you buy a bit of America’s heartland. True, buying a house in the Bay Area or Miami is a long shot for anyone under 40 who hasn’t sold their startup to Google. While parts of the state can definitely be classified as remote, there's no doubt that Maine is one of our most beautiful — and affordable — states. Our cheapest state in America is… Mississippi. South Carolina is a more affordable choice than Florida or California with all the benefits. The most affordable place in the cheapest state would be Aberdeen. In the meantime, here’s a list of the 20 most affordable places to live in the U.S. — along with some other key insights and considerations — to help you make a more informed decision about your next move. Due to the lake, it has a humid continental climate with less snowfall than the United States side of the lake. New Orleans is probably the first thing that comes to mind when you think of Louisiana, and for good reason. Although it’s not one of the cheapest states to build a house, Florida is home to some of the best cities to own investment property, a separate GOBankingRates study found. View on map $1,095,000. And if you’re stuck on big-city living, you’ll be happy to know that many major metropolitan areas made the cut. The entire state has fewer than 3 million people. Here's the list of the top ten cities with the most homes built since 2013, plus the median price: Meridian, ID — $290,000; Edmond, OK — $326,500 feet. You can rent a home for a median price of $900 per month and if you decide to buy… Yes, Nebraska is one of the top agricultural producers in the country, but it also is brimming with jobs in the shipping and manufacturing industries. The average price for … *Clever offers home buyer rebates in the 40 U.S. states that allow them. Looking to buy cheap land for sale? While most people envision endless fields when they think about Oklahoma, the state also has bustling cities. Ranking based on data from the U.S. Census, FBI, and other data sources. Median home price: $126,800 This four-bedroom house in Andamooka sold for $70,000. But if you want to save some money on your mortgage and live in the cheapest state, buy a house in Arkansas, where the median home price is just $122,200. Work with a top agent, find your dream home, get a buyer rebate. While Atlanta might be the first thing you think of when you think of Georgia (and we don't blame you; Hotlanta is an awesome city), there's a lot more to this southern state than meets the eye. The Hobe Hills subdivision property features a … In many cases, the closest major city outside of the county was used. Luckily, there are cities and states that are affordable and would welcome you as a new resident. Our Partner Agents also offer Home Buyer Rebates (in the 40 states that allow them) to help make the home buying process a little more affordable. West Virginia also ranks first for its low median value of the bottom third of homes, at $53,600. Parma, Ohio is a mere 10 miles from Cleveland, which happens to be Coldwell Banker's most affordable area to buy a home. Due to its low overall cost of living, the Sooner State is currently one of the best states to buy a house in. Here’s a look at five of the cheapest cities to buy a house in Canada. Most of the houses … There's more to Louisiana than NOLA though, as you'll quickly find out if you move there. Learn more: The 5 Most Affordable Places to Live in Ohio. You seem to be logged out. Copyright law, as well as other applicable federal and state laws, the content on this website may not be reproduced, distributed, displayed, transmitted, cached, or otherwise used, without the prior, express, and written permission of Athlon Media Group. Despite all that, every state is home to at least a handful of places where buyers can expect to scoop up a house on the cheap. Smack dab in the middle of the country is a state that's got more depth than you might think. Spencers Brook, Western Australia - For Sale - House - 3 bedrooms - 1 bathroom. Based on June 2019 data from Zillow, the median home value in the U.S. is $226,800, and the median monthly rent is $1,486. There is more than just fried chicken to the Bluegrass State. Here are 8 home buying apps you need to download, if you want to find your dream home. Please try again. Recipes. Please check your email to confirm your subscription. As for the rest of the state, Tennessee offers beautiful landscapes from National Parks to the Smoky Mountains. West Virginia is not only the cheapest state to buy a home, but it’s also ranked number 6 for the cheapest land in the U.S. Plus, Texas is the only state on our list with no state income tax so not only does your money go farther in this affordable state, but you get to keep more of it come tax season. Yet it's still within most people's budgets. Moncton was named one of the best places to live and work in Canada by … If you buy a house in Turkey for at least 250 thousand dollars as a foreigner you and your family will have the right to Turkish citizenship within six months This means, you can do both: make a lucrative investment and become Turkish citizen by purchasing real estate in Turkey. Clever Partner Agents offer on-demand showings so you can put in an offer ahead of other home buyers. Ohio has also produced more presidents than any other state, so if you're on a budget and have political aspirations, it's the state for you. New York (tied with Washington, D.C.). The effective property tax rate in the state is 0.78%. 32. Want to live that beach life? And if you'd prefer to buy a new house, hunt in cities with plenty of job and population growth, says the site. Get in touch to learn more about Clever and connect with a top-rated, local agent for a no-obligation consultation. 1) Thunder Bay. Home to some of the most beautifully preserved character properties with a list of heritage listed buildings a mile long, the self-styled historic city of Queensland is also its cheapest. Mississippi is also a … Hey maybe some may need a bit of work, and they might be a little remote, but compared to state median house prices, they're a bargain! Tips. Nebraska. High salaries. Unprecedented prices! (Price data is based on the 2017 Annual Average Cost … 1. You seem to be logged out. When comparing the cost of living, how far a dollar goes in an area also matters. Brewarrina in New South Wales takes the title of Australia’s cheapest suburb, with a median house price of just $35,000. That puts $1,000 (with homes over $150,000) or back in your pocket to cover closing costs or to buy mortgage points. Refresh your page, login and try again. True, buying a house in the Bay Area or Miami is a long shot for anyone under 40 who hasn’t sold their startup to Google. If you're looking for a quieter life, Mississippi could be the state you're looking for. *, *Rebates offered in the 40 U.S. states that allow them. More money in your pocket also means more options to renovate and expand. Cheap Old Houses has quickly become one of my absolute favorite Instagram accounts. It is about three hours from Adelaide and offers a range of character homes for a fraction of the cost of a house in the state’s capital, which has a median house price of $480,000. The port city of Thunder Bay is located on Lake Superior in Ontario. The home values have increased by 6.2% last year and are predicted to grow by another 2.8% in 2019, meaning buying a house in Kansas is a great investment right now. The median home value in Chicago is $229,400, while homes in Springfield are almost $100,000 less. Although it’s not one of the cheapest states to build a house, Florida is home to some of the best cities to own investment property, a separate GOBankingRates study found. Best “we buy houses for cash” companies, Are you a top realtor? Cheap Old Houses has quickly become one of my absolute favorite Instagram accounts. Learn more: Iowa Real Estate Market Trends in 2019. The iron-clad building has power and town water. Learn more: Average Cost of Living in Texas: An In-Depth Guide. You are posting comments too quickly. SPONSORED. Learn more: The Best Places to Live in Maine: An In-Depth Guide. Here are the 11 cheapest places to buy a home in Canada, listed in no particular order. Washington, D.C. (tied with New York), 51. Ad Choices. Built from data from the U.S. Bureau of Economic Analysis, price parities allows us to compare amounts of money across the country. And in metro areas like St. Louis and Kansas City, unemployment drops to 2.8% and 3% respectively. 1. Your use of this website constitutes and manifests your acceptance of our User Agreement, Privacy Policy, Cookie Notification, and awareness of the California Privacy Rights. How to get the most bang for your buck. Clever’s Concierge Team can help you compare local agents and find the best expert for your search. This is where price parity comes in. Cheapest States to Buy a House, Ranked. You are posting comments too quickly. West Virginia is the cheapest state to buy a home in America. 50. A relatively high average structure cost lands Florida among the most expensive places to build. of our, Mouthwatering recipes, handy kitchen tips, and more delivered to your inbox, Save Money on Your Mortgage! But if you want to save some money on your mortgage and live in the cheapest state, buy a house in Arkansas, where the median home price is just $122,200. States like Hawaii and Alaska, which have higher transportation costs for certain goods, have higher priced staples, like milk, which can be twice as expensive in Hawaii and contribute to why it’s one of the most expensive states to live in. Our cheapest state in America is… Mississippi. Inexpensive housing and lower miscellaneous costs make Nebraska an affordable state to live in. The prairies of Kansas boast some of the most productive agricultural lands in the country with a low cost of living to boot. 26. It may come as a surprise to you that there are houses for sale right now for under $50,000. By Nikhita Mahtani. Although it’s not one of the cheapest states to build a house, Florida is home to some of the best cities to own investment property, a separate GOBankingRates study found. Each county has something unique about it that makes it worth buying cheap land there. Home values throughout the state improved by 6.1% since June 2018. Bookended by St. Louis (home of Clever HQ!) Everything from housing costs to the price of gas will impact how expensive it is to live in a state. Your account was created. Ohio is one of the cheapest states to buy a house in, and, based on 2019 real estate market trends, one of the hottest states to move to in 2019. Median home size: 1,508 sq. We compiled data on over 100 million homes to find the three priciest (and least pricey) states for buying a house. By working with a full-service realtor, you’ll have an adviser in your corner to help you weigh your options and negotiate for the best price. Pueblo County, CO It may come as a surprise to you that there are houses for sale right now for under $50,000. See our unbeatable deals inside & find cheap houses for sale today. Low housing prices. West Virginia has some of the lowest property taxes in the country, as well. There was an error in your submission. After a little research on the cost of living across the country, you'll find a home that fits your needs and budget. Like the other cheap states, food and personal necessities are very cheap here — actually the cheapest you’ll find in America. The most expensive states to buy a house in 2020 On the other end of the spectrum, the two most expensive states for housing prices are Hawaii ($516/square foot, $665,000) and … Here are the 10 cheapest states, along with average prices for some items in the most expensive metro areas. Not many states can say they’ve got a musical named after them. Learn more: Arkansas Real Estate Market Trends in 2019. Whoops! With an effective property tax rate of 0.53%, you'd pay just $510 annually for a home worth the state median value. Hot Springs Village is the largest gated community in the United States. If you are looking for country roads to take you home, then West Virginia is the place for you. Mayim Bialik and Jim Parsons' New Sitcom, 200 Best Crock Pot Recipes and Easy Slow Cooker Dinner Ideas for the Family. The premise is simple: They post cheap old houses. Nebraska is more than just farmland! Learn more: Average Cost of Living in South Carolina: An In-Depth Guide. 31. Having a job in the big city doesn’t mean you have to pay big city housing prices. A $300,000 budget could buy a 3,402 square-foot home for you to spread out in. Is the cheapest state to live in to Louisiana than NOLA though, as well call home price. 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