7 Cheapest states to buy a house 2021

Having a house gives always a sense of relief even it is rent. Think now of owning a house, home to yourself. you own a house for your children and wife or your future children and future wife. (Pray for me, in 4 months we will have a baby). House home is the shelter safety to our psychology and stability of production and creation. Nowadays in the US Buying a house becomes a bit difficult become of the pandemic COVID19 situation. According to a June 2020 Home Values report from Zillow, the median home value in the U.S. is $248,857, an uptick of 4% over the past year. In spite of the fact that values are anticipated to drop approximately 1.5% within the year ahead, fair how much you’ll be investing to a great extent depends on where you’re living.

Down here we are going to talk a classify state to buy a house.

1. West Virginia

The cheapest state to buy a house in the united states is West Virginia. in West Virginia, you can have a house only for 53.500$. West Virginia is rank for the second law price for the square foot in among other states for $96.

  • Median home value: $53,100 (Zillow)
  • Square foot: 96$
  • 1-year price change: 4.2% (Zillow)
  • 5-year price change: 16.5% (Zillow)
  • Median rent: $1,100 (HomeSnacks)
  • Cheapest cities to buy a house: Bluefield, Clarksburg, Beckley, Huntington (Yahoo)
  • Cost of living index: 91.1 (World Population Review)
Street, West, Virginia, Town, Small, Village

2. Arkansas

The second cheapest state to buy a house in the united states is Arkansas. Arkansas is a state in the South Central region of the United States, home to more than three million people as of 2018. in this state, You could have second Law prices at $62,900. Where the square cost $101 per one.

  • Median home value: $62,100
  • Square Foot: 101$
  • 1-year price change: 6.0%
  • 5-year price change: 24.9%
  • Median rent: $995
  • Cheapest cities to buy a house: Pine Bluff, Texarkana, North Little Rock, Fort Smith
  • Cost of living index: 86.9
Map of Arkansas

4. Alabama

the cheapest state to buy a house is Alabama. Alabama places second for its low effective property tax rate, at 0.40%. Houses in this state cost $66.200. while Square foot cost 105$. The different economy of Alabama is driven in portion by the horticulture, fabricating, healthcare, and money-related segments. Montgomery is the state capital and Birmingham is the biggest metro zone.

  • Median home value: $66, 400
  • Square foot: 105$
  • 1-year price change: 8.5%
  • 5-year price change: 29.0%
  • Median rent: $1,050
  • Cheapest cities to buy a house: Gadsden, Birmingham, Montgomery, Phenix City
  • Cost of living index: 89.3
Map of Alabama

3. Mississippi

Another southern state, Mississippi, is tied with Alabama for third place in our study. is a state in the Southeastern region of the United States, bordered to the north by Tennessee; to the east by Alabama.

  • Median home value: $70,200
  • 1-year price change: 4.5%
  • Square foot: 95$
  • 5-year price change: 20.0%
  • Median rent: $1,200
  • Cheapest cities to buy a house: Jackson, Greenville, Meridian, Gulfport
  • Cost of living index: 86.1

Read article about Best Tuft and Needle mattress reviews

5. Indiana

The Fifth cheapest state to buy a house in Indiana. Indiana is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 United States (Wikipedia). and Alabama’s effective property tax rate, at 0.82%

  • Median home value: $185,400
  • square foot: 108$
  • 1-year price change: 8.5%
  • 5-year price change: 29.0%
  • Median rent: $1,050
  • Cheapest cities to buy a house: Gadsden, Birmingham, Montgomery, Phenix City
  • Cost of living index: 89.3
Map of Indiana

6. Oklahoma

Oklahoma City is the capital of the U.S. state of Oklahoma. It’s known for its cowboy culture and capitol complex, surrounded by working oil wells. it is the sixth cheapest state to buy a house.

  • Median home value: $64,500
  • Square foot: 108$
  • 1-year price change: 7.1%
  • 5-year price change: 24.3%
  • Median rent: $1,095
  • Cheapest cities to buy a house: Muskogee, Lawton, Shawnee, Enid
  • Cost of living index: 87.0
Map of Kentucky

7. Kentucky

Kentucky is a southeastern state bounded by the Ohio River in the north and the Appalachian Mountains in the east, with Frankfort the state capital. The state’s largest city, Louisville, is home to the Kentucky Derby, the renowned horse race held at Churchill Downs on the first Saturday in May.

  • Median home value: $76,700
  • Square foot: 118$
  • 1-year price change: 7.1%
  • 5-year price change: 32.3%
  • Median rent: $1,199
  • Cheapest cities to buy a house: Hopkinsville, Covington, Owensboro, Bowling Green
  • Cost of living index: 90.9

2 thoughts on “7 Cheapest states to buy a house 2021

  1. Pingback: 10 cheapest states to buy a house in 2021 - Fooxer

  2. Pingback: 5 Best rated car insurance reviews - Fooxer

Leave a Reply

Your email address will not be published. Required fields are marked *