In the U.S, the average house price is $269,039, which isn’t an option for low-income families.
Because of this, many Americans are moving across the country so they can enjoy a good quality of life without breaking the bank. Perhaps you want to buy a home, but the price is extortionate in your current state.
Sounds familiar? Luckily, we’re here to help. Here are the five most affordable states to buy a house.
1. Virginia
If you’re looking for the cheapest state to buy a house, then check out listings in Virginia, particularly the west. Know that the median home value is around $117,000 and there hasn’t been a huge spike in house prices for years.
The cheapest cities include Bluefield, Clarksburg, and Huntington. Interested? Then use the cost to build house calculator.
2. Mississippi
One of the most affordable states to live in is Mississippi, where families can buy a home for $140,000. Because of this, demand for houses has increased over the years. Anyone interested in this beautiful state should consider finding a home in Jackson, Greenville, and Meridian as the properties are great value for money.
3. Arkansas
Looking for the cheapest place to buy a house? Aside from Virginia, Arkansas ranks highly. The average house price is $149,120 and this is becoming more popular because of thriving sectors like agriculture, manufacturing, and tourism.
If you want to relocate, then check out listings in Pine Blugg, North Little Rock, and Fort Smith for fantastic deals. Arkansas has boomed in popularity because of low property taxes, minimal living costs, and great temperatures all year-round, which is great if you’re not a fan of four distinct seasons.
4. Oklahoma
When looking for the best states to buy a home, Oklahoma should be on your list. Around four million people reside here and thousands relocate every year to work in the agriculture, manufacturing, and natural resource sector. It’s important to note that the average house price is around $150,754, which means Oklahoma is a great place to live.
Further, Oklahoma is a popular state because it is full of incredible scenery, safe neighborhoods, and plenty of job opportunities.
5. Arizona
Many Americans want to live on the West Coast, but it’s no surprise that property prices are extortionate. In fact, California is the fourth most expensive state to buy a house, which isn’t realistic for many families.
Luckily, you can find an affordable home in its neighboring state, Arizona. It’s also popular because you’re guaranteed a high investment return rate on a home that’s around $160,000.
Know the Most Affordable States To Buy a House
Hopefully, after reading this article, you know the most affordable states to buy a house.
Anyone looking for affordable property prices should check out Virginia, Mississippi, and Arkansas. You should also consider relocating to Oklahoma and Arizona where you and your family can find the home of your dreams. Good luck with your search!
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