What State Has The Cheapest Home Prices
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Iowa 3 Cheapest State.
What state has the cheapest home prices. Mississippis median home value of 114500 is the cheapest in the country. West Virginia 5 Cheapest State. West Virginia 107927 Mississippi 127206 Arkansas 129484 Oklahoma 131080 Alabama 140991 Kentucky 148662 Ohio 151382 Kansas 151970 Iowa 153802 Indiana 156543 West Virginias median home price of 107927 is the lowest of any state in the United States.
West Virginia has the cheapest home prices according to Zillow at 40 of the typical US. Homes in the city hit a median price of 55600 and several neighborhoods fall well below that line. Ohio 4 Cheapest State.
The average listing price for a home across these nine states plus Washington DC. In order to find the cheapest places to buy a home in every state GOBankingRates looked at every city in each state with a population over 30000 10000 in select states. To afford a standard two-bedroom rental in Mississippi a person working minimum wage would need to work eighty-two hours a week.
Is more than 442000. The average mortgage payment is 579 of the states median income. North Dakota 10 Cheapest State.
Again Mississippi has no state minimum wage and instead abides by the federal amount a measly 725 an hour. Oklahoma also has some of the lowest gas prices in the US. While Mississippi has generally inexpensive homes the median household income is also the second-lowest in the US.
Georgia is the 8th-most populated state in. While the average price for a four-bedroom home in the Dayton Ohio metropolitan area is just over 260000 a similar home in Brooklyn New York and the surrounding area will run some 12. The cheapest state to buy a home in is once again West Virginia.
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