Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home. And with residents earning a median income of $43,823, you'll have the mortgage paid off before you even finish unpacking. This home price gets a homeowner about 1,522 square feet. Get in touch to learn more about Clever and connect with a top-rated, local agent for a no-obligation consultation. Arkansas. Here are the ten cheapest states to buy a home based on home prices. Head to Detroit, which has the cheapest homes in America. 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 From beautiful beaches to diverse wetlands, there’s more to Alabama than you realize. 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 … Keep reading to see how we determined this, or scroll to the bottom to see where your state lands. Learn more: Buying a House in Indiana: An In-Depth Guide. Kansas is the tenth-cheapest state to buy a home in with a median home value of $145,400. West Virginia has some of the lowest property taxes in the country, as well. Clever partners with experienced real estate agents across the United States. *, *Rebates offered in the 40 U.S. states that allow them. The entire state has fewer than 3 million people. Learn more: Kansas Real Estate Market Trends in 2019. Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. 1. Clever’s Concierge Team can help you compare local agents and negotiate better rates. West Virginia is your answer. The 10 Most Affordable Places to Buy a Beach House With residents earning a median income of $39,411, North Adams has the ninth best home price to income ratio in the state. Every item on this page was hand-picked by a House Beautiful editor. Approximately 600km north of Adelaide, recent home sales included a one-bedroom house on 768sqm which sold for just $15,000. Another Southern state, Mississippi, takes fourth place in our list of top 10 cheapest states to buy a home. Once you've decided which affordable state is right for you, connect with Clever to find an experienced, local realtor. 1. North Adams also boasts the cheapest homes in the state, with a median price tag of $144,300. 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. 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. Home values throughout the state improved by 6.1% since June 2018. 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. Insurance rates can vary widely too. 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. Based on average annual salaries and median home prices, these are the cheapest states to live in 2019. The 10 cheapest states to buy a home in right now. OH may be one of the most underrated states in America. Other major industries include food and beverage and aerospace. and Kansas City, Missouri has plenty of things to do and places to see. Here’s what we found to be the eleven cheapest places in Florida to buy a home. Shutterstock. Located 20 miles southeast of Yakima, Toppenish is the fourth cheapest place to live in Washington. The cheapest state to buy a home is once again West Virginia. Not to mention, Indianapolis has a charm all its own. The cheapest state to buy a home is once again West Virginia. Here are the ten cheapest states to buy a home based on home prices. And in metro areas like St. Louis and Kansas City, unemployment drops to 2.8% and 3% respectively. Florida ranks 3rd. West Virginia. Ranking based on data from the U.S. Census, FBI, and other data sources. Due to its low overall cost of living, the Sooner State is currently one of the best states to buy a house in. 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. Average local home prices are the most obvious and significant one. 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. 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. Unless you are a big real estate developer, you’ll be paying property taxes every year. Kentucky. UpNest offers home sellers the industry’s best agent comparison tool for getting the best deal on home selling help from the top local Realtors. The median household income in North Adams comes in at $39,411 and the median home value is $144,300 for … T9. Fewer people live in the entire state than in the city of Miami. The Land of Lincoln is more than just Chicago and farm fields. Cheapest States to Buy a House, Ranked 1. Arkansas's Ozark Mountains aren't the only beautiful thing about the state. Often a forgotten Southern state, Arkansas has a rich history, is full of natural resources, and boasts a steadily improving economy. 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 … Toledo, Ohio. The 10 Most Affordable Places to Buy a Beach House It’s also worth calculating the local cost of living before you move. 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. "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 … This may sound hard to believe, but it is still possible to buy a bargain house in the United States today. Tulsa and Oklahoma City are both thriving communities with unique vibes for urbanites. Today, the median home listing price in the US is nearly $226,800, according to Zillow, but that varies by state. Not many states can say they’ve got a musical named after them. 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. Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. The results of this analysis offer a pretty diverse range of options in a multitude of states across the nation. 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. 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. Learn more: Everything You Need to Know About Moving to Mississippi. … Learn more: Average Cost of Living in Georgia: An In-Depth Guide. The study used Zillow’s Buyer-Seller Index — a score that uses a number of factors to determine … Mississippi’s overall median listing price is a top-five rate, at $189,000. 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. Indiana: $96/square foot, $250,000 average price. Learn more: Arkansas Real Estate Market Trends in 2019. 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 … Smack dab in the middle of the country is a state that's got more depth than you might think. 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 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 … Pennsylvania also dominates the list, offering 13 safe, affordable locations. 1. Median home value: $144,800 You’ll find no shortage of bourbon, baseball, and bluegrass when you move to the Commonwealth of Kentucky. Ranking based on data from the U.S. Census, FBI, and other data sources. The median listing price per square foot in Mississippi is $95.75, the lowest in this study for this metric. This east facing coastal city of roughly 78,000 is one of the best places in Florida to own property. At UpNest home buyers can also get a cash rebate to use towards purchasing and decorating their new affordable dream homes. If your state is prone to frequent hurricanes, wildfires and tornadoes, expect to pay more. Average effective property tax rate: 1.54%. Everything can can impact your monthly expenses of living in a certain place. State: West Virginia. 10 Cheapest Cities in the United States to Buy a House. This is where price parity comes in. Parma, Ohio is a mere 10 miles from Cleveland, which happens to be Coldwell Banker's most affordable area to buy a home. Closing costs can vary by state as well. 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. Clever Partner Agents offer on-demand showings so you can put in an offer ahead of other home buyers. 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. Iowa City is also incredibly popular with younger people. While most people envision endless fields when they think about Oklahoma, the state also has bustling cities. 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. Most won’t allow you to go off grid. West Virginia still boasts many unspoilt miles of nature and majestic mountain views. States with lower price parities are cheaper to live in, while those over 100 are more expensive. According to the U.S. Census, in 2017, the median income of American households was $57,652. 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. Whether you settle down in the capital of Baton Rouge or a quaint Cajun town in the bayou, you'll have affordable housing options. Finding a state that allows you to live comfortably is essential when house hunting. If you move to Oklahoma, you will soon understand what all the hype is about. The average price for a … 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. According to the Census, the median age of the city is 25.8 years old. 2. If you like the quiet life, this state could be for you. Wondering where the cheapest place to buy a house in the United States is? There are beautiful views, friendly people, and history like you wouldn't believe. What to Consider Before Investing in the Cheapest States to Buy a House Learn more: Average Cost of Living in Tennessee: An In-Depth Guide. State capitals are typically one of the most expensive places to live in a state, but that’s not the case in Vermont. What's more, the average price per square foot is less than $80, which means you can purchase a 5,000 square foot house for $400k or less. Try it out and save thousands on your move. Every item on this page was hand-picked by a House Beautiful editor. He said the town’s affordable house prices also encouraged investors to buy in town, ensuring a good selection of rentals. Learn more: Iowa Real Estate Market Trends in 2019. Trade Me has revealed the top 10 cheapest properties currently listed on its website. We may earn commission on some of the items you choose to buy. We may earn commission on some of the items you choose to buy. Learn more: Average Cost of Living in Texas: An In-Depth Guide. Keywords: cheapest real estate in usa 2019, cheapest houses in usa for sale, cheapest states to buy a house, cheapest houses in usa 2019, cheapest states to live in 2019, cheapest state to live in 2019, cheapest states to live in the us, cheapest places to live in the us. South Carolina is a more affordable choice than Florida or California with all the benefits. (MoneyWatch) Looking for an affordable house? 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 Value: $196,700 High salaries. Are you a top realtor? 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. 10. With an effective property tax rate of 0.53%, you'd pay just $510 annually for a home worth the state median value. After moving to Kansas, you’ll be as homesick for it as Dorothy and Toto if you ever leave. 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. 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. Yet it's still within most people's budgets. Often overlooked by home buyers looking to relocate, Kentucky has some of the best landscapes in the country. Friendly folks. Oklahoma. Median home price: $135,000 5. Iowa, Idaho and Wyoming are increasingly attracting new home buyers who are tired of the high housing prices and taxes in coastal states. Looking for an affordable house? If you are looking for the cheapest cities to buy a home you came to the right place. 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. Top 10 cheapest towns or regions to rent a house in NSW LGA The cost of living is also nine percent lower than the state average. Michigan is a state in transition. After a little research on the cost of living across the country, you'll find a home that fits your needs and budget. In Vermont’s capital of Montpelier, the average cost of a house is $208,300. The median home size in Alabama is 1,588 square feet, the largest on the list so far. If you live in a high-case area, scan the following list to see if any of these 50 counties appeal to you. The effective property tax rate in the state … 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. NY, NJ and CT are notorious for their extremely high property taxes. Median Home Value: $96,300 If you are looking for country roads to take you home, then West Virginia is... Texas. 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. Median home price: $122,200. Oklahoma. To understand the affordability of these states, you’ll need a cost of living index, or a comparison point for the individual states. In Oklahoma, $300,000 will buy you a 3,175-square foot home, on average. From North Carolina to Pennsylvania, the cities span numerous states and are sure to cater for all. It’s more expensive to be a renter than a homeowner in Deerfield. Often, an area’s population will also affect the cost of living. Estimated cost to build a house: $208,825 Estimated hourly labor cost: $14. New Orleans is probably the first thing that comes to mind when you think of Louisiana, and for good reason. South Carolina. 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. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. That puts $1,000 (with homes over $150,000) or back in your pocket to cover closing costs or to buy mortgage points. New York has significant real estate transfer taxes, as well as a premium ‘mansion’ tax. West Virginia. In fact, Nebraska consistently has one of the lowest unemployment rates in the country. The state’s rolling mountains aren’t all it offers. West Virginia is the cheapest state to buy a home in America. 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. Choose Energy reports that you can pay four times as much for your electricity in Hawaii every month compared living in Louisiana. High cost states like NY and CA have recently seen a big exodus in population due to their state income taxes. Being in the South, the state also enjoys warm weather most of the year. While many beloved beach towns like Key West, Florida and Santa Monica, California are out of reach for the typical homebuyer, … Affordable housing and low cost of living make the south the place to be for retirees. Median list price per square foot: $110.90. 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. Kentucky is right in the heart of the most affordable region to live in America. Utilities are a big one too. 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. 1. Cheapest States to Buy a House, Ranked. Arkansas Arkansas places in the top five of the study for three of the metrics we considered. Built from data from the U.S. Bureau of Economic Analysis, price parities allows us to compare amounts of money across the country. The average monthly rent is above the state and national … 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, … The 12 Cheapest Places to Buy a House in America Do you really want to live in Buffalo, under eight feet of snow? Besides being the most affordable housing market in 2019, West Virginia has a property tax rate of 0.59% which is one the lowest in the country according to WalletHub. Alabama is the seventh-cheapest state to buy a home in. The median listing price in the Mountain State is $165,000 — the lowest median price in the study. In Vermont’s capital of Montpelier, the average cost of a house is $208,300. Zillow has 32,109 homes for sale. The median listing price in the... 2. Cost of living is the amount of money an individual needs to earn to cover expenses in a state or city. Median home price: $132,400 4. The … Buying a home isn't usually cheap. 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. Clever’s Concierge Team can help you compare local agents and find the best expert for your search. 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. The cost of living is also nine percent lower than the state average. 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. Learn more: Oklahoma Real Estate Market Trends in 2019. 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.. From visiting Abraham Lincoln's boyhood home to walking the streets of Chicago's Loop, Illinois is a delightful place to call home. Plus in most of these states, you could be a Home Buyer Rebate. 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. The city's median home price is less than $35,000, and in … Median home size: 1,508 sq. 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. Head to Detroit, which has the cheapest homes in America. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. Median list price: $180,000. Mississippi. When you have a budget to maintain, you don’t want to live in an unaffordable location. If you live in a densely populated city, like New York, rent and real estate prices will be higher because of increased demand. 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. 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. 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 … The Top 25 Cheapest States To Buy A House In 2020 1. The Hobe Hills subdivision property features a balcony, spiral staircase, finished basement and patio. Arkansas, $93/square foot, $183,000 average price. It's not the cheapest state to buy a new car in. 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 … 1) Detroit, Michigan. Visitors can learn about the space program and see NASA rockets and space shuttles. 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. Nebraska is more than just farmland! Got questions? For $220,000, you can buy this three-bedroom, three-bathroom house near the actual Hobe Sound. Beautiful natural areas and rich history are not the only things this state has to offer. Median home price: $122,200 2. Depending on where you put down roots, you’ll also be within reach of the world’s longest known cave … Everything from housing costs to the price of gas will impact how expensive it is to live in a state. Oklahoma has a population of almost 4 million people and is the 28th-most populated state in the U.S. 3. Now that technology has made it possible to live and invest in real estate anywhere there is an internet connection, and we can work from almost anywhere on the planet, expect cheaper states to start trending in 2020. Friendly folks. The regions hardest hit by the subprime crisis are some of the cheapest markets to rent. The median home value in Chicago is $229,400, while homes in Springfield are almost $100,000 less. The median listing price in the Mountain State is … Even in larger cities like Detroit, the cost of living and the average price of homes is extremely affordable.