Let’s say you have the money available right now, have you decided on where to buy your dream house? The idea to own a house is a fascinating one, but deciding on where exactly to buy the house is a whole new challenge. Now that is not to scare or discourage you. If you’re finding it difficult to decide on which state to buy your dream house, here is your guide. Read further to uncover the cheapest states to buy a house in the U.S.
CHEAPEST STATES TO BUY A HOUSE IN THE USA
Gone are the days when American citizens move to cities such as Texas, Log Angeles, and other popular cities in the U.S. Nowadays, there are affordable home options across the US—it’s just a matter of how far you want to move, plus what services you are looking for.
Here are five of the cheapest US states to buy a house in, based on housing values and other factors:
#1. South Dakota
It is also one of just eight US states without a personal property tax. South Dakota is one of the fastest-growing states in the US for these and other reasons. In South Dakota, you’ll pay only 12.62 percent of your salary to buy a $157,200 median-priced house. The average mortgage payment is a little under $800 per month.
South Dakota is known as the Mount Rushmore State. In addition, the state features the highest point in the Rocky Mountains and a thriving agricultural business that produces maize, soybeans, wheat, etc.
#2. South Carolina
Despite its beautiful beaches and warm climate, South Carolina is still among the states in the U.S., to buy a house at the cheapest rate. Homebuyers may enjoy a low cost of living as well as access to outdoor activities such as boating and fishing. The state’s economy is also expanding, notably in the healthcare and tourist sectors.
The following are the best cities in South Carolina when looking for the cheapest house to buy:
- Columbia: This is South Carolina’s capital city. It has a reasonable cost of living and access to cultural activities such as museums and theaters.
- Charleston: The city offers a wide real estate market with many cheap possibilities. It is known for its historic architecture and beaches.
- Greenville: Located in the Blue Ridge Mountains’ foothills, Greenville offers a thriving real estate market and a range of recreational activities.
#3. Iowa
Iowa is one of the top cheapest states to reside in the U.S., with an average house value of $183,418. The entire cost of living in the state is around 90% of the national average, with housing costing approximately 75% of the national average. Aside from the financial advantages, Iowa is one of the safest states in the United States.
In Iowa, the top cities to consider when looking for the cheapest house are:
- Des Moines: The state capital provides a blend of metropolitan and small-town living, as well as a bustling arts and cultural scene and cheap real estate possibilities.
- Cedar Rapids is a thriving city in eastern Iowa with a range of cultural activities and access to outdoor leisure.
- Iowa City: The University of Iowa is located in Iowa City, which has a college-town atmosphere with access to outdoor activities such as hiking and bicycling, as well as a vibrant arts and cultural scene.
#4. Ohio
Ohio has a lot going for it, including being the birthplace of the Wright Brothers and the Rock and Roll Hall of Fame. Football is also popular in the state, with most locals rooting for the Cincinnati Bengals, Cleveland Browns, or Ohio State Buckeyes.
Furthermore, Ohio is a state with a broad economy and a low cost of living. The state, known for its industrial background, provides various attractions for citizens. Ohio is home to a number of prestigious colleges, including Ohio State University and the University of Cincinnati. The state also boasts many outdoor attractions, such as state parks, lakes, and woods, making it an excellent destination for outdoor enthusiasts.
The top cities to buy the cheapest house in Ohio are:
- Columbus: The state capital, Columbus, combines metropolis and small-town life, as well as a flourishing economy and cheap real estate possibilities.
- Cleveland: This is a lively city on Lake Erie with a range of cultural attractions and reasonable real estate possibilities.
- Cincinnati: Located on the Ohio River, Cincinnati provides a blend of metropolitan and small-town life, as well as a vibrant arts and cultural scene and reasonably priced real estate.
#5. New Mexico
The state is known for its diverse culture and stunning desert scenery. New Mexico homebuyers will enjoy a low cost of living as well as proximity to outdoor activities such as hiking, skiing, and hot springs. The state also has a number of prestigious universities.
For the cheapest house in New Mexico, homebuyers might choose the following cities:
- Las Cruces: It has a low cost of living and access to outdoor activities like hiking and camping.
- Albuquerque: It is the state capital of New Mexico. Albuquerque features a broad real estate market with several low-cost possibilities.
- Santa Fe: Known for its ancient architecture and art scene, Santa Fe combines culture with natural beauty.
#6. Louisiana
Louisiana is a state with a distinct combination of cultures and customs. It has a lot to offer citizens, including Cajun and Creole food, music, and festivals. Tulane University and Louisiana State University are two of the state’s highly regarded institutions. Like every other state on our list, Louisiana offers various outdoor attractions, including state parks, wildlife refuges, and historic sites, in addition to its rich cultural past.
In Louisiana, the following cities hold the cheapest houses for homebuyers:
- New Orleans: Known for its bustling culture and music scene, New Orleans provides a blend of metropolitan and small-town life with reasonably priced real estate.
- Baton Rouge: The state capital provides a combination of metropolitan and small-town living, as well as a booming economy and cheap real estate possibilities.
- Lafayette: Known for its Cajun food and music, Lafayette combines culture and outdoor leisure with reasonably priced real estate.
#7. Kansas
Kansas has a low cost of living and a thriving agriculture business. The state, known for its wheat fields and wide-open landscapes, has a lot to offer citizens. The state of Kansas is home to numerous prestigious universities, including the University of Kansas. There are also several cultural attractions in the state, including museums, theaters, and festivals.
Check out the following cities when looking to buy a house in Kansas:
- Wichita: Wichita, Kansas’s largest city, provides a blend of metropolitan and small-town life, as well as a robust economy and cheap real estate possibilities.
- Topeka: Topeka, the state capital, combines metropolis and small-town life with a range of cultural attractions and cheap real estate possibilities.
- Kansas metropolis: Located on the Missouri border, Kansas City combines metropolis and small-town life with a choice of cultural activities and cheap real estate possibilities.
#8. Alabama
Alabama is a warm-weather state with Southern hospitality. It has a lot to offer inhabitants, including historic sites, museums, and beaches. The state is home to a number of prestigious universities, including the University of Alabama and Auburn University. Alabama boasts several outdoor recreational activities, such as state parks, lakes, and hiking trails, in addition to its rich historical and cultural attractions.
Alabama’s top cities to consider for homebuyers are:
- Birmingham: Birmingham, Alabama’s largest city, offers a blend of metropolis and small-town life, as well as a selection of cultural attractions and cheap real estate possibilities.
- Huntsville: Known as “Rocket City,” Huntsville combines history and innovation with outdoor leisure and cheap real estate.
#9. Kentucky
Kentucky is a low-cost-of-living state with a rich history. The state is well-known for its horse racing, bourbon, and bluegrass music, as well as its scenic beauty. Kentucky is home to a number of prestigious universities, including the University of Kentucky and the University of Louisville. The state also boasts many outdoor attractions, like as state parks, lakes, and woods, making it an excellent destination for outdoor enthusiasts.
Kentucky’s top cities to consider for homebuyers are:
- Louisville, Kentucky’s largest city, provides a combination of metropolitan and small-town life, as well as a strong arts scene and cheap real estate possibilities.
- Lexington: Known as the “Horse Capital of the World,” Lexington provides a unique blend of history and outdoor leisure, as well as a vibrant equestrian culture and cheap real estate.
- Bowling Green: Bowling Green, located in southern Kentucky, is a picturesque college town with access to outdoor activities such as hiking and boating, as well as reasonable real estate possibilities.
#10. Michigan
We have the state of Michigan on the 10th list of the cheapest states to buy a house in the U.S. Michigan is a low-cost-of-living state with access to the Great Lakes. Boating, fishing, and swimming are just a few of the outdoor activities available to Michigan homebuyers. Also, the state’s economy is very robust, notably in the automobile industry.
Here are the best cities in Michigan to consider for homebuyers:
- Detroit: Known for its bustling downtown and cultural attractions, Detroit boasts an expanding real estate market with a wide range of affordable alternatives.
- Grand Rapids: The city has been named one of the greatest cities to live in the United States, with a varied economy and a flourishing arts scene.
- Ann Arbor: As the home of the University of Michigan, Ann Arbor combines college-town charm with metropolitan advantages.
#11. Indiana
While not among the top ten, Indiana’s average house value ($210,166) is still among the cheapest in the country, making it an appealing spot to settle. There are also financial advantages: Indiana’s flat state income tax is only 3.23%, and the average commute for workers across the state is less than 24 minutes. Indiana also has decent to medium-sized cities with low crime rates.
Top cities in Indiana to consider for homebuyers include:
- Indianapolis: Known for its sports teams and cultural attractions, Indianapolis boasts a thriving real estate market with a wide range of affordable rental alternatives.
- Fort Wayne: Located in northeast Indiana, Fort Wayne has a low cost of living and a strong feeling of community.
- Bloomington: It is home to Indiana University and features a busy downtown as well as several recreational activities such as hiking and bicycling.
#12. Oklahoma
Oklahoma has a low cost of living as well as a robust economy. The state, known for its welcoming and rich landscape, provides several attractions for citizens. Oklahoma is home to a number of prestigious universities, including the University of Oklahoma. The state also boasts various natural attractions, like lakes, mountains, and state parks, making it ideal for nature enthusiasts.
Oklahoma’s top cities to consider for homebuyers are:
- Oklahoma metropolitan: Oklahoma City, the state capital, offers a blend of metropolitan and small-town life, as well as a robust economy and reasonable real estate possibilities.
- Tulsa: Known for its art deco architecture and cultural attractions, Tulsa combines metropolitan and small-town life with reasonably priced real estate.
- Norman: As the home of the University of Oklahoma, Norman has a college-town feel with access to outdoor activities like hiking and bicycling.
Which States Has the Cheapest Land?
Land Hub indicates that some of the most affordable lands can be found in the states of Arkansas, Tennessee, and West Virginia.
What State Has the Lowest Property Tax?
Hawaii has the lowest property tax in the United States at 0.28%. The average house price, on the other hand, is $1,038,544—the highest in the country and over three times the national average.
Where in the United States Can You Get the Best Deal on a House?
Youngstown, Ohio has the lowest cost of living in the United States. The median listing price is $115,000, with a $23,000 down payment. The typical household income in the neighborhood is $30,129. Youngstown, located roughly midway between Cleveland and Pittsburgh, provides convenient access to both small-town living in the Cuyahoga Valley National Park and the dazzling lights of the large metropolis.
What Is the Cheapest and Safest State to Live In?
Here are some of the safest and yet cheapest states to live in
- Virginia
- Georgia
- Idaho
- Iowa
- Kansas
Bottom Line
As you have seen, there are many options for the cheapest states and cities to buy a house in the U.S. Having listed the above states, it’s important, however, to note that there are a few other things to consider before buying a home in any of these states. While the cost of living and property costs in these states are cheap, it is vital to examine variables such as career possibilities, local amenities, and school quality before making a selection.
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Reference
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- Noradarealestate
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