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. Kansas is the tenth-cheapest state to buy a home in with a median home value of $145,400. 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. Built from data from the U.S. Bureau of Economic Analysis, price parities allows us to compare amounts of money across the country. Learn more: Kansas Real Estate Market Trends in 2019. State capitals are typically one of the most expensive places to live in a state, but that’s not the case in Vermont. The Top 25 Cheapest States To Buy A House In 2020 1. Unless you are a big real estate developer, you’ll be paying property taxes every year. Not to mention, Indianapolis has a charm all its own. From millennials to musicians to tourists, people are flocking to the city. Average local home prices are the most obvious and significant one. 1. "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 … Arkansas Arkansas places in the top five of the study for three of the metrics we considered. Toledo, Ohio. Top 10 cheapest towns or regions to rent a house in NSW LGA 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. North Adams also boasts the cheapest homes in the state, with a median price tag of $144,300. 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. According to the U.S. Census, in 2017, the median income of American households was $57,652. 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. According to the Census, the median age of the city is 25.8 years old. 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. Utilities are a big one too. Cost of living is the amount of money an individual needs to earn to cover expenses in a state or city. Arkansas. High cost states like NY and CA have recently seen a big exodus in population due to their state income taxes. 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. That puts $1,000 (with homes over $150,000) or back in your pocket to cover closing costs or to buy mortgage points. Median list price: $180,000. If you want an out-of-this-world experience, a NASA's Marshall Space Flight Center is in Huntsville. 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 … If you are looking for country roads to take you home, then West Virginia is the place for you. 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. 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. Friendly folks. Median home price: $122,200. The median home size in Alabama is 1,588 square feet, the largest on the list so far. 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 1. Wondering where the cheapest place to buy a house in the United States is? Alabama (tie) 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 … NY, NJ and CT are notorious for their extremely high property taxes. Yet it's still within most people's budgets. 10 cheapest U.S. cities for buying a home. Parma, Ohio is a mere 10 miles from Cleveland, which happens to be Coldwell Banker's most affordable area to buy a home. The most affordable places to live in the U.S. are not the ritziest. 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. Arkansas, $93/square foot, $183,000 average price. Finding a state that allows you to live comfortably is essential when house hunting. Median home price: $126,800 3. Ranking based on data from the U.S. Census, FBI, and other data sources. Despite a median home value of $124,700, higher than any of other top ten cheapest cities, the average monthly home payment is just $1,126 in Shreveport. 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. 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. 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. Learn more: The 5 Most Affordable Places to Live in Missouri. Located 20 miles southeast of Yakima, Toppenish is the fourth cheapest place to live in Washington. In fact, Nebraska consistently has one of the lowest unemployment rates in the country. Every item on this page was hand-picked by a House Beautiful editor. 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. Shutterstock. They even have beaches too. There are beautiful views, friendly people, and history like you wouldn't believe. Pennsylvania also dominates the list, offering 13 safe, affordable locations. 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. You may need to be willing to relocate to Detroit or Cleveland, however. 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. Affordable housing and low cost of living make the south the place to be for retirees. Iowa, Idaho and Wyoming are increasingly attracting new home buyers who are tired of the high housing prices and taxes in coastal states. Seventeen of the best places to buy a house in the US. 1. So take a deep breath, buyer, and keep reading for the step-by-step essential secrets to buying a new house out of state. From visiting Abraham Lincoln's boyhood home to walking the streets of Chicago's Loop, Illinois is a delightful place to call home. Mississippi is also known as one of the most lenient states for building your own home and building sustainable off grid houses. A state’s location and infrastructure will also influence the cost of living. Median home size: 1,508 sq. The average price for a … Real estate prices are soaring in many parts of the country. Ohio. We may earn commission on some of the items you choose to buy. Learn more: West Virginia Real Estate Market Trends in 2019. The effective property tax rate in the state … Even in vibrant Cleveland you can still find homes for just $50,000. 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. Ranking based on data from the U.S. Census, FBI, and other data sources. If you live in a densely populated city, like New York, rent and real estate prices will be higher because of increased demand. New York has significant real estate transfer taxes, as well as a premium ‘mansion’ tax. 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. 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. Average home prices are also thriving. Here are the ten cheapest states to buy a home based on home prices. Median Home Value: $96,300 If you are looking for country roads to take you home, then West Virginia is... Texas. Tulsa and Oklahoma City are both thriving communities with unique vibes for urbanites. 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. 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 … Average effective property tax rate: 1.54%. Median home price: $135,000 5. *, *Rebates offered in the 40 U.S. states that allow them. The state’s rolling mountains aren’t all it offers. The cheapest state to buy a home is once again West Virginia. West Virginia is home to just over 1.8 million people and is the 38th-most populated state in the U.S. 2. Depending on where you put down roots, you’ll also be within reach of the world’s longest known cave … Closing costs can vary by state as well. The prairies of Kansas boast some of the most productive agricultural lands in the country with a low cost of living to boot. But in other parts of the country, it could buy you a whole house (with a few strings attached). South Carolina is a more affordable choice than Florida or California with all the benefits. 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 … Cheapest States to Buy a House, Ranked 1. Plus in most of these states, you could be a Home Buyer Rebate. 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. From North Carolina to Pennsylvania, the cities span numerous states and are sure to cater for all. Florida ranks 3rd. Here’s what we found to be the eleven cheapest places in Florida to buy a home. When you buy a home in Iowa, you buy a bit of America’s heartland. It has the... 3. It's not the cheapest state to buy a new car in. The northernmost state in the lower 48, Maine's reputation for great ocean views and amazing seafood isn't overstated. Keep reading to see how we determined this, or scroll to the bottom to see where your state lands. Everything from housing costs to the price of gas will impact how expensive it is to live in a state. The Hobe Hills subdivision property features a balcony, spiral staircase, finished basement and patio. The average monthly rent is above the state and national … Smack dab in the middle of the country is a state that's got more depth than you might think. Having a home away from home is a dream for many Americans — and for a lot of us that dream includes a quick walk to the beach and all the amenities you can only find on a boardwalk.. Being in the South, the state also enjoys warm weather most of the year. South Carolina. Learn more: The Best Places to Live in Louisiana: An In-Depth Guide. Combine that with a strong jobs sector covering transportation logistics, automotive manufacturing, and healthcare, and you’ve got a nearly perfect place to move. When comparing the cost of living, how far a dollar goes in an area also matters. No matter where you settle down in Arkansas, you're sure to be close to some stellar views and impressive career opportunities. 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. The regions hardest hit by the subprime crisis are some of the cheapest markets to rent. Alabama is the seventh-cheapest state to buy a home in. Based on average annual salaries and median home prices, these are the cheapest states to live in 2019. Clever Partner Agents offer on-demand showings so you can put in an offer ahead of other home buyers. Learn more: The 5 Most Affordable Places to Live in Michigan. West Virginia is the cheapest state to buy a home in America. Median home price: $138,200 6. Median home value: $144,800 You’ll find no shortage of bourbon, baseball, and bluegrass when you move to the Commonwealth of Kentucky. They can range from an average of just around $50,000 in some neighborhoods and zip codes to over $1M in others. Which states are the cheapest for buying a house in 2020? We may earn commission on some of the items you choose to buy. There is more than just fried chicken to the Bluegrass State. Peterborough is the cheapest town in Australia for property, according to latest realestate.com.au figures, with a median house price of $69,000. The cost of living is also nine percent lower than the state average. Not in any particular order, here are the top 11 cheapest places in the US to buy a home. 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. Head to Detroit, which has the cheapest homes in America. Here’s the map, with the lightest colors coming in at the lowest end and the darkest maxing out the salary cap. There is plenty of good Midwest living to be had, in addition to the buzz of urban Indianapolis. Other major industries include food and beverage and aerospace. The 10 cheapest states to buy a home in right now. 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. The median listing price in the... 2. … 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. Learn more: Average Cost of Living in South Carolina: An In-Depth Guide. 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. The median household income in North Adams comes in at $39,411 and the median home value is $144,300 for … Clever’s Concierge Team can help you compare local agents and negotiate better rates. Median home price: $122,200 2. Alabama’s median home price is $137,200, just under $110,000 less than the U.S. median home value of $247,082. 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. 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. 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. Friendly folks. Oklahoma has a population of almost 4 million people and is the 28th-most populated state in the U.S. 3. Beautiful natural areas and rich history are not the only things this state has to offer. Learn more: Alabama Real Estate Market Trends in 2019. 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. Buying a home isn't usually cheap. West Virginia The cheapest state to buy a home in is once again West Virginia. Get in touch to learn more about Clever and connect with a top-rated, local agent for a no-obligation consultation. Once you've decided which affordable state is right for you, connect with Clever to find an experienced, local realtor. Learn more: Buying a House in Indiana: An In-Depth Guide. Nebraska is more than just farmland! Clever partners with experienced real estate agents across the United States. 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. West Virginia has some of the lowest property taxes in the country, as well. Clever’s Concierge Team can help you compare local agents and find the best expert for your search. Not all great cities have cheap homes, and not many places with cheap homes are great. Estimated cost to build a house: $208,825 Estimated hourly labor cost: $14.
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