Median home size: 1,508 sq. There are a variety of factors that make up your overall housing expenses. How We Determined The Most Expensive States To Retire. Together with low interest rates, this offers movers the chance to get great prices for homes in one state, while moving to much more affordable ones, and maximizing their finances and lifestyle. That puts $1,000 (with homes over $150,000) or back in your pocket to cover closing costs or to buy mortgage points. A variety of laws can impact how much money you have left to spend on housing each month, and how safe the money you invest in your house is. Located 20 miles southeast of Yakima, Toppenish is the fourth cheapest place to live in Washington. The 10 Most Affordable Places to Buy a Lake House Learn more: Buying a House in Indiana: An In-Depth Guide. feet. We may earn commission on some of the items you choose to buy. The median listing price in the... 2. Do your research—and then do some more. Indiana: $96/square foot, $250,000 average price. A relatively high average structure cost lands Florida among the most expensive places to build. It may not be one of the best states for internet connection, but you can afford to live here and have plenty of money left over to visit the beaches and major urban areas in surrounding states on the weekends. The average monthly rent is above the state and national … 2. The cheapest state to buy a home in is once again West Virginia. Median home value: $144,800 You’ll find no shortage of bourbon, baseball, and bluegrass when you move to the Commonwealth of Kentucky. Fewer people live in the entire state than in the city of Miami. West Virginia. From music to nature there is lots to love about living in KY. 2020 offers a unique year when many homes are coming off of their peaks in high priced states. While most people envision endless fields when they think about Oklahoma, the state also has bustling cities. Even in larger cities like Detroit, the cost of living and the average price of homes is extremely affordable. Other states like Wyoming and Florida have no state income taxes. Those cities are among the locales with the cheapest homes for sale in the United States, according to a … Parma, Ohio is a mere 10 miles from Cleveland, which happens to be Coldwell Banker's most affordable area to buy a home. Low housing prices. At a median price tag of $118,800, Toppenish boasts some of the cheapest homes in the state. If you like the quiet life, this state could be for you. Learn more: The 5 Most Affordable Places to Live in Missouri. It’s also worth calculating the local cost of living before you move. 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. Bookended by St. Louis (home of Clever HQ!) 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 cheapest state to buy a home is once again West Virginia. Smack dab in the middle of the country is a state that's got more depth than you might think. Whether the markets keep marching upwards or rumors of a recession prove to be true in 2020, affordable housing is going to continue to be a huge need. In fact, Nebraska consistently has one of the lowest unemployment rates in the country. Oklahoma has a population of almost 4 million people and is the 28th-most populated state in the U.S. 3. Median home price: $138,700 7. Not to mention, Indianapolis has a charm all its own. The northernmost state in the lower 48, Maine's reputation for great ocean views and amazing seafood isn't overstated. 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 median household income in North Adams comes in at $39,411 and the median home value is $144,300 for … No matter where you settle down in Arkansas, you're sure to be close to some stellar views and impressive career opportunities. Not all great cities have cheap homes, and not many places with cheap homes are great. It has the... 3. He said the town’s affordable house prices also encouraged investors to buy in town, ensuring a good selection of rentals. 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. Arkansas's Ozark Mountains aren't the only beautiful thing about the state. And with residents earning a median income of $43,823, you'll have the mortgage paid off before you even finish unpacking. Learn more: The 5 Most Affordable Places to Live in Ohio. But in other parts of the country, it could buy you a whole house (with a few strings attached). UpNest Reviews – Press – Agent Reviews – UpNest Testimonials – Facebook Reviews – BBB, Everything You Need to Know About REO Sales, Staff Pick: 7949 Spanish Oak Circle, Gilroy, CA 95020, https://www.youtube.com/watch?v=vWVPcuaPhEU. The city of Detroit came in as the cheapest market to buy a home. Building regulations and the cost of building permits can make it more or less expensive to buy a brand new home or build your own custom home. The 10 Most Affordable Places to Buy a Beach House The state also offers consistent employment opportunities. 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. The most affordable places to live in the U.S. are not the ritziest. The regions hardest hit by the subprime crisis are some of the cheapest markets to rent. To arrive at the findings, SmartAsset analyzed data from 48 states and Washington, D.C. (Delaware and Louisiana were not included due to incomplete data) related to property tax rate, … West Virginia. There is more than just fried chicken to the Bluegrass State. 1. 2020 Best Cities to Buy a House in America About this List Explore the best cities to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. States with lower price parities are cheaper to live in, while those over 100 are more expensive. A new GOBankingRates study is drilling deeper into this, identifying the best place to buy a home in every state based on the quality of the area and what sort of value you can expect based on the local housing market. Nashville is quickly becoming a city popular with everyone. The cheapest state to buy a home is once again West Virginia. 2020 Best Places to Buy a House in America About this List Explore the best places to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. Average local home prices are the most obvious and significant one. Michigan is a state in transition. The median listing price in the Mountain State is $165,000 — the lowest median price in the study. The 10 cheapest states to buy a home in right now. It’s worth noting that the national average home price fell sharply in mid-2019, down to just $227,000, from $280,000 according to Business Insider. Walk the charming streets of Charleston before heading out to the beach on Hilton Head Island; you'll quickly want to call South Carolina home. Every item on this page was hand-picked by a House Beautiful editor. and Kansas City, Missouri has plenty of things to do and places to see. The Cheapest States to Live in 2019 West Virginia. West Virginia is the cheapest state to buy a home in America. Choose Energy reports that you can pay four times as much for your electricity in Hawaii every month compared living in Louisiana. Using Zillow’s 2019 median list price data, GOBankingRates identified between three to five of the cheapest places to buy a home in each state. Median home price: $132,400 4. If you are looking for the cheapest cities to buy a home you came to the right place. Yet it's still within most people's budgets. 1. In Oklahoma, $300,000 will buy you a 3,175-square foot home, on average. There's more to Louisiana than NOLA though, as you'll quickly find out if you move there. Learn more: Iowa Real Estate Market Trends in 2019. Median Home Value: $96,300 If you are looking for country roads to take you home, then West Virginia is... Texas. Indiana offers a lot more than just corn fields. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. To understand the affordability of these states, you’ll need a cost of living index, or a comparison point for the individual states. Median Home Value: $196,700 High salaries. Here’s what we found to be the eleven cheapest places in Florida to buy a home. Oklahoma. Clever Partner Agents offer on-demand showings so you can put in an offer ahead of other home buyers. Ranking based on data from the U.S. Census, FBI, and other data sources. NY, NJ and CT are notorious for their extremely high property taxes. Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home. Alabama (tie) Low housing prices. New York has significant real estate transfer taxes, as well as a premium ‘mansion’ tax. There are beautiful views, friendly people, and history like you wouldn't believe. Real estate prices are soaring in many parts of the country. Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. Mississippi. This east facing coastal city of roughly 78,000 is one of the best places in Florida to own property. Everything from housing costs to the price of gas will impact how expensive it is to live in a state. Not many states can say they’ve got a musical named after them. *Clever offers home buyer rebates in the 40 U.S. states that allow them. The cost of living is also nine percent lower than the state average. Got questions? Those looking to save a few bucks can head west of town, toward the Washington state border, and get a house on the Priest River for about $600,000—or significantly less. Top 10 cheapest towns or regions to rent a house in NSW LGA From millennials to musicians to tourists, people are flocking to the city. There’s a lot to love about Kansas if you don’t mind a few tornadoes. Based on research, we’ve listed the 20 most affordable real estate markets in 2019 with a brief description to help you decide where to invest. Finding a state that allows you to live comfortably is essential when house hunting. For $220,000, you can buy this three-bedroom, three-bathroom house near the actual Hobe Sound. Massachusetts was rated the most expensive place in the U.S. to buy a home. The Top 25 Cheapest States To Buy A House In 2020 1. Median list price per square foot: $110.90. Head to Detroit, which has the cheapest homes in America. Oklahoma puts your just about smack dab in the middle of the country, with many cost benefits. Learn more: Everything You Need to Know About Moving to Mississippi. Kentucky is right in the heart of the most affordable region to live in America. New Orleans is probably the first thing that comes to mind when you think of Louisiana, and for good reason. 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 … When you have a budget to maintain, you don’t want to live in an unaffordable location. We may earn commission on some of the items you choose to buy. The cheapest land in the Natural State can be found in Clay County, nestled in the northeast corner of Arkansas, where land sells for around … The milk price index shows that in some states you can pay as little as 93 cents for a gallon of milk, and four times that in other states. 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 … Want to live that beach life? 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. Here are the ten cheapest states to buy a home based on home prices. The capital city of Austin is experiencing a tech boom, while the coastal city of Houston is currently home to 19 Fortune 500 company headquarters. And with large cities like Birmingham and Mobile, you can also enjoy the arts and culture of a metropolitan area. Utilities are a big one too. Arkansas, $93/square foot, $183,000 average price. From North Carolina to Pennsylvania, the cities span numerous states and are sure to cater for all. However, be aware that Oklahoma has an average sales tax rate of 8.82% -- one of the highest in the U.S. -- and it can be up to 11%, depending where you are in the state. With residents earning a median income of $39,411, North Adams has the ninth best home price to income ratio in the state. 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. Ranking based on data from the U.S. Census, FBI, and other data sources. The results of this analysis offer a pretty diverse range of options in a multitude of states across the nation. A Californian would need 7.3 times the state's $60,487 median household income to buy a home at $440,000, the median Zillow listing price of homes in … Everything can can impact your monthly expenses of living in a certain place. 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. Cheapest States to Buy a House, Ranked. 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: Average Cost of Living in South Carolina: An In-Depth Guide. 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. This may sound hard to believe, but it is still possible to buy a bargain house in the United States today. Having a job in the big city doesn’t mean you have to pay big city housing prices. T9. If you live in a high-case area, scan the following list to see if any of these 50 counties appeal to you. This may sound hard to believe, but it is still possible to buy a bargain house in the United States today. Home values throughout the state improved by 6.1% since June 2018. 1. Tulsa and Oklahoma City are both thriving communities with unique vibes for urbanites. "Kentucky is one of the most affordable places to buy a home in the United States with a median home value of just under $151,000," says Frankel, "even … 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. After moving to Kansas, you’ll be as homesick for it as Dorothy and Toto if you ever leave. West Virginia is home to just over 1.8 million people and is the 38th-most populated state in the U.S. 2. There is plenty of good Midwest living to be had, in addition to the buzz of urban Indianapolis. The median home size in Alabama is 1,588 square feet, the largest on the list so far. … From visiting Abraham Lincoln's boyhood home to walking the streets of Chicago's Loop, Illinois is a delightful place to call home. Due to its low overall cost of living, the Sooner State is currently one of the best states to buy a house in. Learn more: Illinois Real Estate Market Trends in 2019. Trade Me has revealed the top 10 cheapest properties currently listed on its website. So take a deep breath, buyer, and keep reading for the step-by-step essential secrets to buying a new house out of state. Plus in most of these states, you could be a Home Buyer Rebate. Meanwhile, a few of the states with the lowest cost of living — Oklahoma, Mississippi, Arkansas and Michigan, for example — are also among the cheapest states to … *, *Rebates offered in the 40 U.S. states that allow them. Or … The effective property tax rate in the state … Often overlooked by home buyers looking to relocate, Kentucky has some of the best landscapes in the country. 2. Indiana is a great place to live because many places in the northern area of the Hoosier State are within commuting distance to Chicago, but are much more affordable. 1) Deerfield Beach. Learn more: Average Cost of Living in Texas: An In-Depth Guide. This home price gets a homeowner about 1,522 square feet. 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. Whether you settle down in the capital of Baton Rouge or a quaint Cajun town in the bayou, you'll have affordable housing options. Looking for an affordable house? From beautiful beaches to diverse wetlands, there’s more to Alabama than you realize. Based on average annual salaries and median home prices, these are the cheapest states to live in 2019. Estimated cost to build a house: $208,825 Estimated hourly labor cost: $14. Shutterstock. So take a deep breath, buyer, and keep reading for the step-by-step essential secrets to buying a new house out of state. Unless you are a big real estate developer, you’ll be paying property taxes every year. You may need to be willing to relocate to Detroit or Cleveland, however. In Vermont’s capital of Montpelier, the average cost of a house is $208,300. North Adams also boasts the cheapest homes in the state, with a median price tag of $144,300. 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. Median home price: $138,200 6. Oklahoma. Wondering where the cheapest place to buy a house in the United States is? Affordable housing and low cost of living make the south the place to be for retirees. 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. According to the 2019 Georgia Economic Outlook, all major metro areas in Georgia will see an increased number of jobs across industries. 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. (MoneyWatch) Looking for an affordable house? If all of your daily and monthly expenses are 4x more or less, it is going to make a huge difference in how much or little you have left after the bills are paid, and what you can afford to do for fun. At UpNest home buyers can also get a cash rebate to use towards purchasing and decorating their new affordable dream homes. Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. The median listing price in the Mountain State is $165,000 — the lowest median price in the study. T9. Lenders often charge different interest rates depending on the state a borrower wants a mortgage in. West Virginia is your answer. The prairies of Kansas boast some of the most productive agricultural lands in the country with a low cost of living to boot. West Virginia has some of the lowest property taxes in the country, as well. Keep reading to see how we determined this, or scroll to the bottom to see where your state lands. The 12 Cheapest Places to Buy a House in America Do you really want to live in Buffalo, under eight feet of snow? The state’s rolling mountains aren’t all it offers. 1. The 5 Cheapest Cities to Buy a House (Especially If You're Eyeing Foreclosures) Nov 08, 2020 by Aly J. Yale Get our 43-Page Guide to Real Estate Investing Today! Every item on this page was hand-picked by a House Beautiful editor. What to Consider Before Investing in the Cheapest States to Buy a House The average price for a … 1. Learn more: Average Cost of Living in Tennessee: An In-Depth Guide. Alabama offers one of the best states for low property taxes, meaning you’ll pay less for your home each year. According to the U.S. Census, in 2017, the median income of American households was $57,652. West Virginia. Median home price: $122,200 2. By average price per square foot and average price of a house, we found these states to be the cheapest for property ownership, per the 2019 findings from NeighborhoodX, a real estate research and analytics firm: 1. When you buy a home in Iowa, you buy a bit of America’s heartland. Depending on where you put down roots, you’ll also be within reach of the world’s longest known cave … They can range from an average of just around $50,000 in some neighborhoods and zip codes to over $1M in others. Built from data from the U.S. Bureau of Economic Analysis, price parities allows us to compare amounts of money across the country. Most won’t allow you to go off grid. Cost of living is the amount of money an individual needs to earn to cover expenses in a state or city. Learn more: Kansas Real Estate Market Trends in 2019. Not in any particular order, here are the top 11 cheapest places in the US to buy a home. Closing costs can vary by state as well. Visitors can learn about the space program and see NASA rockets and space shuttles. The city's median home price is less than $35,000, and in … Zillow has 32,109 homes for sale. Learn more: West Virginia Real Estate Market Trends in 2019. Average home prices are also thriving. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The Lone Star State is one of the cheapest places to buy a house because of how much money there is to be made in the state. … Learn more: The 5 Most Affordable Places to Live in Michigan. High cost states like NY and CA have recently seen a big exodus in population due to their state income taxes. Head to Detroit, which has the cheapest homes in America. Buying a home isn't usually cheap. We may earn commission on some of the items you choose to buy. Toledo, Ohio. Learn more: Arkansas Real Estate Market Trends in 2019. The cost of living is also nine percent lower than the state average. After a little research on the cost of living across the country, you'll find a home that fits your needs and budget. The Hobe Hills subdivision property features a balcony, spiral staircase, finished basement and patio. With an average house price of just $34,625, the South Australian town of 316 people is the cheapest place to buy a home in the country. Beautiful natural areas and rich history are not the only things this state has to offer. In San Francisco, the median home costs more than $1.3 million.In New York City, it goes for nearly $700,000.Even the national median is just over $222,000.. Are you a top realtor? If you want an out-of-this-world experience, a NASA's Marshall Space Flight Center is in Huntsville. 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. Arkansas. Iowa, Idaho and Wyoming are increasingly attracting new home buyers who are tired of the high housing prices and taxes in coastal states. Iowa City is also incredibly popular with younger people. The effective state property tax rate in Kansas is 1.41%, resulting in annual taxes of about $2,045 in taxes per year for homeowners. State: West Virginia. Learn more: Average Cost of Living in Kentucky: An In-Depth Guide, Work with Clever — we'll help cover your closing costs.*. South Carolina is a more affordable choice than Florida or California with all the benefits. When comparing the cost of living, how far a dollar goes in an area also matters. 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. Another Southern state, Mississippi, takes fourth place in our list of top 10 cheapest states to buy a home. More From GOBankingRates: 44 Ways To Trim Your Living Expenses During the Coronavirus Quarantine 94 Money-Making Skills You Can Learn in Less Than a Year Often a forgotten Southern state, Arkansas has a rich history, is full of natural resources, and boasts a steadily improving economy. Friendly folks. If you’re interested in learning where the cheapest places to buy a house in the US are, just keep reading. If you’re on a budget but still want to buy, Money examined the data to see which states are the cheapest places to buy a home in— and which places you probably can’t afford to live in. OH may be one of the most underrated states in America. It's not the cheapest state to buy a new car in. Other major industries include food and beverage and aerospace. If you’re on a budget but still want to buy, Money examined the data to see which states are the cheapest places to buy a home in— and which places you probably can’t afford to live in. It’s worth noting that the national average home price fell sharply in mid-2019, down to just $227,000, from $280,000 according to Business Insider. Clever’s Concierge Team can help you compare local agents and find the best expert for your search. Alabama has the second-lowest state property tax rate of 0.42%. The median home value in Chicago is $229,400, while homes in Springfield are almost $100,000 less. While this is great for current homeowners trying to build equity or sell their home, many potential home buyers are completely priced out of the areas they once called home. Housing in the northern part of the state is more expensive, but if you go south towards Pella, Ottumwa, and Burlington, the prices drop to closer to $60 per square foot, and … 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. Average effective property tax rate: 1.54%. The gorgeous state is home to the iconic Louisville Slugger Museum & Factory as well as the Kentucky Bourbon Trail where nearly all of the world’s bourbon (including Makers Mark) is produced. 10 Cheapest Cities in the United States to Buy a House. Missouri. Work with a top agent, find your dream home, get a buyer rebate. Here are the ten cheapest states to buy a home based on home prices. The second cheapest place to buy a home is Balgal Beach, north Queensland In third place is the town of Curlwaa on the New South Wales-Victoria border The median property price in … Learn more: Alabama Real Estate Market Trends in 2019. Approximately 600km north of Adelaide, recent home sales included a one-bedroom house on 768sqm which sold for just $15,000. Meanwhile, a few of the states with the lowest cost of living — Oklahoma, Mississippi, Arkansas and Michigan, for example — are also among the cheapest states to build a home. 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. 10 cheapest U.S. cities for buying a home. If you live in a densely populated city, like New York, rent and real estate prices will be higher because of increased demand. High salaries. 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. Learn more: Average Cost of Living in Georgia: An In-Depth Guide. The median listing price in the Mountain State is … West Virginia The cheapest state to buy a home in is once again West Virginia. 1) Detroit, Michigan. Ohio. Median home price: $126,800 3. Kentucky. While many beloved beach towns like Key West, Florida and Santa Monica, California are out of reach for the typical homebuyer, … State capitals are typically one of the most expensive places to live in a state, but that’s not the case in Vermont. According to the Census, the median age of the city is 25.8 years old. Alabama’s median home price is $137,200, just under $110,000 less than the U.S. median home value of $247,082. If you're looking for a quieter life, Mississippi could be the state you're looking for. 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. Arkansas Arkansas places in the top five of the study for three of the metrics we considered. Friendly folks. Try it out and save thousands on your move. The U.S.’s price parity is set at 100. Learn more: Oklahoma Real Estate Market Trends in 2019. Clever’s Concierge Team can help you compare local agents and negotiate better rates. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. Learn more: The Best Places to Live in Louisiana: An In-Depth Guide. Get in touch to learn more about Clever and connect with a top-rated, local agent for a no-obligation consultation. Those cities are among the locales with the cheapest homes for sale in the United States, according to a new study by real-estate website Trulia . Arkansas. The state of Louisiana offers some of the lowest real estate tax rates in the country, and that trend helps make Shreveport one of the cheapest cities to live in.