With housing prices rising throughout the U.S, the dream of homeownership is becoming increasingly out of reach for many Americans. But, there are still some areas that offer affordable housing alongside a good quality of living. We take a look at ten states where you can find your dream home cheaper than you can imagine:
West Virginia
West Virginia is known for its natural beauty and love of the great outdoors. The state enjoys a lower cost of living than much of the United States, with basic utility bills, grocery bills and entertainment affordable for most residents. The average cost of a home in the “Mountain State” is $146,578 which is an impressive 575 lower than the national average.
Ohio
House prices in Ohio have grown by just over 6% in the last couple of years but are still lower than average for the U.S. The median house price in the state is $234,640, leaving many residents with enough disposable income to enjoy meals out and entertainment, in some areas of the country. Ohio has a nice mix of urban and rural areas so there’s a home to suit most people. A favorite destination is Cleveland with its vibrant arts scene, world-class museums like the Rock and Roll Hall of Fame and a burgeoning culinary scene.
Oklahoma
Oklahoma boasts a low cost of living and affordable housing, with cities like Oklahoma City and Tulsa leading the way. The state’s strong economy, driven by industries like energy and aerospace provides job opportunities while keeping housing costs low. The average house cost is $290000 in the state, with rental prices approximately $1,400. Transport, food and utility bills are also below average for the States, making Oklahoma an all around good pulsar to locate for a cheap dream home.
Iowa
Iowa’s real estate market is known for its affordability, with cities like Des Moines and Cedar Rapids offering a high quality of life at a reasonable cost. The state’s strong job market and excellent schools add to its appeal for families and professionals alike. Known for its agricultural roots Iowans know how to work hard but affordable housing allows for a relatively high quality of life. The average house price in Iowa is $223,490, which is up just over 4% from last year but still very reasonable.
Indiana
Indiana also boasts a low cost of living and affordable housing for people looking to move to a budget-friendly state. With vibrant cities like Indianapolis and Fort Wayne, Indiana combines economic opportunities with affordable real estate. Homebuyers can find spacious properties at prices much lower than in coastal states. With a mix of urban and rural areas, Indiana provides a range of housing options at competitive prices, which currently averages $246,289. There’s also plenty of free activities for families, including art galleries and museums for those who need to stretch their budget further.
Arkansas
Arkansas offers affordable real estate and a high quality of life, particularly in cities like Little Rock and Fayetteville. The state’s natural beauty, with the Ozark Mountains and numerous lakes provides a picturesque backdrop for affordable living. Current house prices are $210,379 on average, although this various significantly in some affluent areas.
Mississippi
While facing economic challenges, Mississippi offers some of the most affordable housing options in the nation. Home to cities like St. Louis and Kansas City, Mississippi provides a low cost of living and affordable housing market, with house prices averaging $183,035. The state’s central location and economic growth make it an appealing choice for those looking to maximize their housing budget.
Alabama
In Alabama, cities like Birmingham and Huntsville offer affordable real estate and a lower cost of living. The state’s mild climate and friendly communities make it a desirable place to call home. According to U.S. News & World Report, Alabama consistently ranks as one of the most affordable states to live in and the average house price is currently $228,970 and yearly utility costs around $6,683.
Kentucky
Known for its bourbon and bluegrass music, Kentucky also offers affordable cost of living for cash strapped Americans. Kentucky, with its charming cities like Louisville and Lexington, offers a blend of urban and rural living. The state’s affordable housing market and low cost of living make it an attractive option for those seeking a comfortable lifestyle without breaking the bank. You can expect to pay an average of $211,473 in the state.
Louisiana
Louisiana offers a surprisingly affordable cost of living compared to many other states. With a rich cultural heritage, delicious cuisine, and a laid-back lifestyle, the state provides excellent value for money. From housing and transportation to food and entertainment, your budget will stretch further in Louisiana. Residents can expect to pay the median price of $249,000.
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