West Virginia is the cheapest state to buy a home in America. According to Realtor.com, the national median price of homes listed for sale in the United States is $310,000 which is a 7% year-over-year growth. Home values are typically a … real estate 12 Cheapest Small Towns in America Affordable small towns aren't necessarily the best places to live for everyone, but each cheap small town on our list has its charms. Besides being an affordable market, Indiana is also one of the most landlord friendly states in 2019 and has a low property tax rate of 0.87%. These states have the lowest cost of living and the most-affordable housing. South Carolina. Based on research, we’ve listed the 20 most affordable real estate markets in 2019 with a brief description to help you decide where to invest. They might be haunted but I don't even care. If you’re on a budget but still want to buy, Money examined the data to see which states are the cheapest places to buy a home in— and which places you probably can’t afford to live in. Arizona’s economy is quite stable and we can safely say that its job market is pretty healthy when compared to other states in the US. Median list price per square foot: $110.90. Not in any particular order, here are the top 11 cheapest places in the US to buy a home. 21 Cheap Old Houses You Can Buy For Under $25,000. Some would think this means Indiana homes are expensive, but that’s not the case! Wondering where the cheapest place to buy a house in the United States is? The Kentucky real estate market has been seeing record-breaking numbers since 2017. And while experts predict a cool down in the US housing market this year, prices are not expected to drop any time soon – they’re just rising at a slower rate. Around this time of the year, Illinois sees an increase in homes for sale and, in turn, sellers settle for lower offers. See our unbeatable deals inside & find cheap houses for sale today. What’s even more interesting is that, despite these incredibly low housing prices statewide, many home seekers are choosing to rent instead of buy. Massachusetts was rated the most expensive place in the U.S. to buy a home. The Tennessee real estate market has been a prime destination for investors for years. Joplin is home to the lowest real estate prices in the country—a four-bedroom home will cost you a little over $200,000. Those looking to save a few bucks can head west of town, toward the Washington state border, and get a house on the Priest River for about $600,000—or significantly less. A collection of super cheap houses from around the U.S.. Moreover, the association also reported that even in the three largest metro areas in the state (Louisville, Lexington, and Northern Kentucky), median home prices are 30 to 35% lower than the US median. * Please note that ROI values are low because these are state-wide averages and you can find investment properties with higher values when searching on our platform! South Dakota’s housing market has been on the up and up and will likely continue this trend in 2019. T9. If you’re interested in learning where the cheapest places to buy a house in the US are, just keep reading. Not only is Mississippi one of the cheapest states to buy a house in the US, but real estate investors here also enjoy a landlord-friendly environment. Also, according to the Iowa Association of Realtors, “higher wages and favorable mortgage rates have been a terrific driver of housing stability in recent years. Visit Business Insider's homepage for more stories. A lot of this growth is due to Florida’s robust economy. Unless you’re buying a tiny house, it’s not often you can snag a home for less than six digits. West Virginia is your answer. West Virginia also ranks first for its low median value of the bottom third of homes, at $53,600. Methodology: 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 30,000 (10,000 in select states due to low population or limited data availability), as sourced from the U.S. Census Bureau’s 2018 American Community Survey 5-year estimates. On the other side of the coin, some of the most expensive states to retire in include California, New York, Oregon, Washington, and most states in the New England area -- … Every item on this page was hand-picked by a House Beautiful editor. To start looking for and analyzing the best investment properties in the city/neighborhood of your choice, click here. While the real estate market remains hot, it's possible to find some serious bargains out there. Besides being the most affordable housing market in 2019, West Virginia has a property tax rate of 0.59% which is one the lowest in the country according to WalletHub. Rankings. Buying a home isn't usually cheap. For $220,000, you can buy this three-bedroom, three-bathroom house near the actual Hobe Sound. This further proves that if you’re looking to buy cheap investment properties in 2019, Iowa is one place to consider. A leading-edge research firm focused on digital transformation. The Midwest real estate market has been experiencing an increase in interest among real estate investors. Another reason for real estate investors to buy Missouri homes for sale is that the state is landlord-friendly and gives you the option to rent out your property traditionally or on Airbnb for a great return on investment. The listings were then ranked by price per acre to determine the 50 cheapest places to buy land in America. If you’re among the many investors on a budget and don’t have the liberty to take risks on expensive real estate, don’t let this information discourage you from buying an investment property in 2019! Even with these great conditions, Ariz… Sign up for Insider Life. The Hobe Hills subdivision property features a … The current Alaska real estate market is neutral and shows a healthy supply vs demand which could be beneficial to both buyers and sellers alike. However, while data indicates that it’s a buyer’s market, real estate investors should be careful and do their research before buying a house in Louisiana as the state is known to experience unpredictable fluctuations. There’s a catch of course: … Due to its overall low cost of living, Oklahoma is currently one of the cheapest states to buy a house in the US. Next up on our list of the cheapest states to buy a house in 2019 is Arkansas. So, if you’re looking for where to invest in real estate for Airbnb in 2019, Ohio is definitely a top location to consider. Airbnb Occupancy Rate Up 13% as Market Recovers. You can start using this tool right now with a free Mashvisor account! You should only invest your money in locations where investment properties can generate a good cap rate and good cash on cash return. So, if you’re wondering where the best places to invest in real estateon a budget are, Arkansas should be on your list of location… Even in more expensive parts of the state, prices are extremely affordable. According to Zillow, as of April 2019 the median price per square foot is just $1.22 for a home in West Virginia, with an average size of 60,992 square feet. A Californian would need 7.3 times the state's $60,487 median household income to buy a home at $440,000, the median Zillow listing price of homes in the state. Another good reason to invest in property here is that property taxes are among the lowest in the country – only 0.63% according to WalletHub! These Are the Best Cities for Airbnb Investment 2018, Raleigh Real Estate Market 2019: A Great Place to Invest, Traditional Rental Strategy: Go for These Cities for Cap Rate, The Most Affordable Neighborhoods to Buy Property in the Most Expensive Cities, Buying an Investment Property 2018: The Highest Price to Rent Ratio Markets in California, 6 Reasons to Buy Minneapolis Real Estate Before 2019, Why and Where to Invest in Denver Real Estate 2018, Best Multifamily Investment Markets 2019: 5 US States. Oklahoma: $101/square foot, $250,000 average price 5. Eman also writes about trends, forecasts, and tips for beginner investors to gain the confidence and knowledge they need to make wise decisions.