Cheapest States to Buy a House

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Table

Introduction

When it comes to affordability in housing, some states stand out as the cheapest options. West Virginia is the cheapest state to buy a house with an average home value of $126,115, making it an attractive choice for budget-conscious buyers. Mississippi is the second cheapest state to buy a house with an average home value of $146,876, offering another affordable option. It is worth noting that several states in the Midwest and the South generally have lower home values compared to coastal and northeastern states. States like Oklahoma, Arkansas, and Kentucky also offer relatively inexpensive housing options, with average home values ranging from $157,696 to $176,324. These states often boast lower costs of living and more affordable real estate markets.

Cheapest Houses in USA

#StateAverage Home ValueLowest Home ValueMedian Rent PriceCost of Living Index
1Hawaii$740,097$417,767$1,651184
2California$675,063$411,963$1,586137.6
3District of Columbia$666,990$406,475$1,607152.2
4Washington$518,215$347,311$1,337114.2
5Massachusetts$514,230$333,378$1,336149.7
6Colorado$490,123$332,062$1,335104.6
7Utah$471,970$347,016$1,090102.8
8Oregon$453,856$321,006$1,173121.2
9Idaho$428,378$294,707$88799.6
10New Jersey$406,423$252,282$1,368112.4
11Rhode Island$373,094$281,162$1,031112.9
12Nevada$369,138$265,439$1,159103.2
13Montana$368,496$224,354$836104.8
14Maryland$366,162$224,163$1,415124
15New Hampshire$364,831$240,881$1,145116.1
16New York$359,173$164,003$1,315134.5
17Arizona$357,967$248,835$1,097105.8
18Virginia$338,714$197,895$1,257102.8
19Connecticut$316,225$207,917$1,201116.8
20Maine$314,191$186,679$873115.3
21Delaware$309,966$205,944$1,150105.6
22Vermont$304,539$194,678$999115.9
23Alaska$302,960$187,476$1,240126.6
24Minnesota$301,470$193,236$1,01097.5
25Florida$298,669$187,120$1,218102.8
26Wyoming$291,215$190,733$85392.5
27South Dakota$262,373$170,999$76194.5
28North Carolina$258,377$146,271$93295.7
29North Dakota$255,566$169,867$82897.1
30Texas$255,023$151,418$1,08292.5
31Georgia$252,762$146,226$1,04288.6
32New Mexico$250,102$162,681$85794
33Tennessee$239,612$126,053$89790.2
34Pennsylvania$237,674$136,144$95898.2
35Wisconsin$236,227$147,811$87295.5
36Illinois$233,443$128,041$1,03892.6
37South Carolina$231,270$131,555$91894.3
38Nebraska$220,718$130,894$85791.9
39Michigan$207,493$109,207$89292.2
40Missouri$202,083$114,580$84389.1
41Indiana$192,337$111,984$84489.9
42Louisiana$190,229$104,542$87693.6
43Kansas$189,032$93,675$86387.5
44Ohio$187,162$105,633$82591.9
45Alabama$179,358$85,984$81188.1
46Iowa$177,976$97,848$80689.2
47Kentucky$176,324$92,450$78394.9
48Arkansas$157,696$76,758$76090.6
49Oklahoma$157,233$77,737$81885.8
50Mississippi$146,876$78,781$78985
51West Virginia$126,115$62,107$73290

States With Cheapest Houses

The ten cheapest states to buy a house are West Virginia, Mississippi, Oklahoma, Arkansas, Kentucky, Iowa, Alabama, Ohio, Kansas, and Louisiana. West Virginia is the cheapest state to buy a house with an average home value of $126,115. Mississippi is the second cheapest state to buy a house with an average home value of $146,876. Oklahoma is the third cheapest state to buy a house with an average home value of $157,233, while Arkansas is not far off at $157,696. Kentucky’s average home value is $176,324, making it the fifth cheapest state to buy a house.
Iowa has an average home value of $177,976, making it the sixth cheapest state to buy a house. Alabama also offers affordable prices, with an average home value of $179,358. Ohio’s average home value is $187,162, making it the eighth cheapest state to buy a house. Kansas follows closely behind with an average home value of $189,032, and Louisiana wraps up the list with an average home value of $190,229, offering affordable housing choices.

The ten cheapest states to buy a house are:

1. West Virginia – $126,115
2. Mississippi – $146,876
3. Oklahoma – $157,233
4. Arkansas – $157,696
5. Kentucky – $176,324
6. Iowa – $177,976
7. Alabama – $179,358
8. Ohio – $187,162
9. Kansas – $189,032
10. Louisiana – $190,229

Cheapest State to Buy a House

West Virginia is the cheapest state to buy a house, with an average home value of $126,115. There are several factors that contribute to its affordability. Firstly, West Virginia has a lower cost of living than many other states, extending to its real estate market. The state’s housing prices are generally more affordable due to a combination of factors such as lower demand, less competition, and a more modest construction cost. Additionally, West Virginia’s rural areas offer a range of affordable housing options, with smaller towns and communities providing more budget-friendly choices.

Cheapest States to Buy a House

Alabama

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Average Home Value

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$179,358

Ranked in the US

#45

Lowest Home Value

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$85,984

Ranked in the US

#5

Ranked in the US

#45

Cost of Living Index

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88.1

Ranked in the US

#48

Alabama is the seventh cheapest state to buy a house, with an average home value of $179,358. The state's affordability is influenced by a combination of factors, including a lower cost of living, a more modest cost of construction, and a real estate market that offers a variety of affordable housing options.

Average Home Value

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Cost of Living Index

Alaska

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Average Home Value

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$302,960

Ranked in the US

#23

Lowest Home Value

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$187,476

Ranked in the US

#29

Ranked in the US

#11

Cost of Living Index

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126.6

Ranked in the US

#6

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Arizona

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Average Home Value

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$357,967

Ranked in the US

#17

Lowest Home Value

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$248,835

Ranked in the US

#39

Ranked in the US

#18

Cost of Living Index

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105.8

Ranked in the US

#16

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Arkansas

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Average Home Value

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$157,696

Ranked in the US

#48

Lowest Home Value

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$76,758

Ranked in the US

#2

Ranked in the US

#50

Cost of Living Index

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90.6

Ranked in the US

#41

Arkansas follows closely behind as the fourth cheapest state to buy a house, with an average home value of $157,696. The state's affordable housing prices can be attributed to a combination of factors, including a lower cost of living, a more modest cost of construction, and a less competitive real estate market.

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

California

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Average Home Value

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$675,063

Ranked in the US

#2

Lowest Home Value

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$411,963

Ranked in the US

#50

Ranked in the US

#3

Cost of Living Index

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137.6

Ranked in the US

#4

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Colorado

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Average Home Value

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$490,123

Ranked in the US

#6

Lowest Home Value

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$332,062

Ranked in the US

#45

Ranked in the US

#8

Cost of Living Index

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104.6

Ranked in the US

#19

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Connecticut

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Average Home Value

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$316,225

Ranked in the US

#19

Lowest Home Value

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$207,917

Ranked in the US

#35

Ranked in the US

#13

Cost of Living Index

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116.8

Ranked in the US

#9

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Delaware

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Average Home Value

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$309,966

Ranked in the US

#21

Lowest Home Value

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$205,944

Ranked in the US

#34

Ranked in the US

#16

Cost of Living Index

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105.6

Ranked in the US

#17

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

District of Columbia

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Average Home Value

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$666,990

Ranked in the US

#3

Lowest Home Value

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$406,475

Ranked in the US

#49

Ranked in the US

#2

Cost of Living Index

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152.2

Ranked in the US

#2

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Florida

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Average Home Value

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$298,669

Ranked in the US

#25

Lowest Home Value

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$187,120

Ranked in the US

#28

Ranked in the US

#12

Cost of Living Index

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102.8

Ranked in the US

#21

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Georgia

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Average Home Value

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$252,762

Ranked in the US

#31

Lowest Home Value

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$146,226

Ranked in the US

#19

Ranked in the US

#21

Cost of Living Index

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88.6

Ranked in the US

#47

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Hawaii

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Average Home Value

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$740,097

Ranked in the US

#1

Lowest Home Value

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$417,767

Ranked in the US

#51

Ranked in the US

#1

Cost of Living Index

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184

Ranked in the US

#1

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Idaho

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Average Home Value

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$428,378

Ranked in the US

#9

Lowest Home Value

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$294,707

Ranked in the US

#43

Ranked in the US

#31

Cost of Living Index

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99.6

Ranked in the US

#24

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Illinois

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Average Home Value

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$233,443

Ranked in the US

#36

Lowest Home Value

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$128,041

Ranked in the US

#15

Ranked in the US

#22

Cost of Living Index

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92.6

Ranked in the US

#35

Illinois is the sixteenth cheapest state to buy a house with an average home value of $233,443. Affordable housing options in Illinois are influenced by factors such as a diverse range of housing markets across the state, a relatively lower cost of living compared to some neighboring states, and a mix of urban and suburban areas offering varied housing choices.

Average Home Value

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Indiana

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Average Home Value

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$192,337

Ranked in the US

#41

Lowest Home Value

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$111,984

Ranked in the US

#12

Ranked in the US

#39

Cost of Living Index

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89.9

Ranked in the US

#44

Indiana is the eleventh cheapest state to buy a house with an average home value of $192,337. Indiana offers affordable housing due to a combination of factors, including a relatively lower cost of living, a more balanced supply and demand in the real estate market, and affordable construction costs.

Average Home Value

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Cost of Living Index

Iowa

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Average Home Value

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$177,976

Ranked in the US

#46

Lowest Home Value

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$97,848

Ranked in the US

#8

Ranked in the US

#46

Cost of Living Index

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89.2

Ranked in the US

#45

Iowa is the sixth cheapest state to buy a house, with an average home value of $177,976. Its affordability can be attributed to factors such as a lower cost of living, a more modest cost of construction, and a real estate market that provides a range of budget-friendly housing choices.

Average Home Value

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Cost of Living Index

Kansas

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Average Home Value

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$189,032

Ranked in the US

#43

Lowest Home Value

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$93,675

Ranked in the US

#7

Ranked in the US

#35

Cost of Living Index

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87.5

Ranked in the US

#49

Kansas follows closely behind as the ninth cheapest state to buy a house, with an average home value of $189,032. Its affordability can be attributed to factors such as a lower cost of living, a more modest cost of construction, and a real estate market that offers a range of affordable housing options.

Average Home Value

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Cost of Living Index

Kentucky

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Average Home Value

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$176,324

Ranked in the US

#47

Lowest Home Value

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$92,450

Ranked in the US

#6

Ranked in the US

#48

Cost of Living Index

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94.9

Ranked in the US

#30

Kentucky ranks as the fifth cheapest state to buy a house, with an average home value of $176,324. The state's affordability stems from a lower cost of living, making it an appealing option for those seeking more affordable housing options.

Average Home Value

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Louisiana

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Average Home Value

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$190,229

Ranked in the US

#42

Lowest Home Value

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$104,542

Ranked in the US

#9

Ranked in the US

#32

Cost of Living Index

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93.6

Ranked in the US

#34

Louisiana is the tenth cheapest state to buy a house, with an average home value of $190,229. The state's affordability is influenced by a combination of factors, including a lower cost of living, a more modest cost of construction, and a real estate market that provides a variety of budget-friendly housing choices.

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Cost of Living Index

Maine

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Average Home Value

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$314,191

Ranked in the US

#20

Lowest Home Value

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$186,679

Ranked in the US

#27

Ranked in the US

#33

Cost of Living Index

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115.3

Ranked in the US

#12

Average Home Value

Lowest Home Value

Median Rent Price

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Maryland

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Average Home Value

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$366,162

Ranked in the US

#14

Lowest Home Value

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$224,163

Ranked in the US

#36

Ranked in the US

#4

Cost of Living Index

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124

Ranked in the US

#7

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Massachusetts

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Average Home Value

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$514,230

Ranked in the US

#5

Lowest Home Value

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$333,378

Ranked in the US

#46

Ranked in the US

#7

Cost of Living Index

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149.7

Ranked in the US

#3

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Michigan

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Average Home Value

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$207,493

Ranked in the US

#39

Lowest Home Value

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$109,207

Ranked in the US

#11

Ranked in the US

#30

Cost of Living Index

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92.2

Ranked in the US

#38

Michigan is the thirteenth cheapest state to buy a house with an average home value of $207,493. The state's affordable housing can be attributed to factors like a more affordable cost of living, a mix of urban and suburban areas with varied housing options, and a stable real estate market that provides opportunities for budget-conscious buyers.

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Minnesota

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Average Home Value

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$301,470

Ranked in the US

#24

Lowest Home Value

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$193,236

Ranked in the US

#31

Ranked in the US

#24

Cost of Living Index

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97.5

Ranked in the US

#26

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Mississippi

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Average Home Value

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$146,876

Ranked in the US

#50

Lowest Home Value

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$78,781

Ranked in the US

#4

Ranked in the US

#47

Cost of Living Index

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85

Ranked in the US

#51

Mississippi is the second cheapest state to buy a house with an average home value of $146,876. The state's affordability can be attributed to its relatively low cost of living, coupled with a real estate market that offers more affordable housing choices.

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Missouri

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Average Home Value

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$202,083

Ranked in the US

#40

Lowest Home Value

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$114,580

Ranked in the US

#13

Ranked in the US

#40

Cost of Living Index

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89.1

Ranked in the US

#46

Missouri is the twelfth cheapest state to buy a house with an average home value of $202,083. Missouri's affordable housing market is influenced by factors such as a lower cost of living, a relatively stable real estate market, and a diverse range of housing options that cater to different budget levels.

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Montana

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Average Home Value

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$368,496

Ranked in the US

#13

Lowest Home Value

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$224,354

Ranked in the US

#37

Ranked in the US

#41

Cost of Living Index

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104.8

Ranked in the US

#18

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Nebraska

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Average Home Value

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$220,718

Ranked in the US

#38

Lowest Home Value

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$130,894

Ranked in the US

#16

Ranked in the US

#36

Cost of Living Index

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91.9

Ranked in the US

#39

Nebraska is the fourteenth cheapest state to buy a house with an average home value of $220,718. Nebraska's affordable housing market benefits from factors such as a lower cost of living, a balanced supply and demand in the real estate market, and a variety of housing options that cater to different budgets and preferences.

Average Home Value

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Nevada

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Average Home Value

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$369,138

Ranked in the US

#12

Lowest Home Value

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$265,439

Ranked in the US

#41

Ranked in the US

#15

Cost of Living Index

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103.2

Ranked in the US

#20

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

New Hampshire

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Average Home Value

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$364,831

Ranked in the US

#15

Lowest Home Value

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$240,881

Ranked in the US

#38

Ranked in the US

#17

Cost of Living Index

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116.1

Ranked in the US

#10

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

New Jersey

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Average Home Value

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$406,423

Ranked in the US

#10

Lowest Home Value

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$252,282

Ranked in the US

#40

Ranked in the US

#5

Cost of Living Index

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112.4

Ranked in the US

#15

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

New Mexico

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Average Home Value

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$250,102

Ranked in the US

#32

Lowest Home Value

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$162,681

Ranked in the US

#23

Ranked in the US

#37

Cost of Living Index

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94

Ranked in the US

#33

New Mexico is the twentieth cheapest state to buy a house with an average home value of $250,102. New Mexico's affordable housing market is influenced by factors such as a relatively lower cost of living, a diverse range of housing options, and a mix of urban and rural areas providing affordable housing choices.

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New York

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Average Home Value

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$359,173

Ranked in the US

#16

Lowest Home Value

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$164,003

Ranked in the US

#24

Ranked in the US

#9

Cost of Living Index

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134.5

Ranked in the US

#5

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

North Carolina

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Average Home Value

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$258,377

Ranked in the US

#28

Lowest Home Value

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$146,271

Ranked in the US

#20

Ranked in the US

#27

Cost of Living Index

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95.7

Ranked in the US

#28

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

North Dakota

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Average Home Value

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$255,566

Ranked in the US

#29

Lowest Home Value

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$169,867

Ranked in the US

#25

Ranked in the US

#42

Cost of Living Index

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97.1

Ranked in the US

#27

Average Home Value

Lowest Home Value

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Cost of Living Index

Ohio

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Average Home Value

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$187,162

Ranked in the US

#44

Lowest Home Value

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$105,633

Ranked in the US

#10

Ranked in the US

#43

Cost of Living Index

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91.9

Ranked in the US

#40

Ohio ranks as the eighth cheapest state to buy a house, with an average home value of $187,162. Its affordability is driven by factors such as a lower cost of living and a real estate market that provides relatively more affordable housing choices compared to other states.

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Oklahoma

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Average Home Value

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$157,233

Ranked in the US

#49

Lowest Home Value

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$77,737

Ranked in the US

#3

Ranked in the US

#44

Cost of Living Index

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85.8

Ranked in the US

#50

Oklahoma is the third cheapest state to buy a house, with an average home value of $157,233. The state's affordable housing market is influenced by factors such as a lower cost of construction and a relatively lower demand, making it an attractive option for budget-conscious buyers.

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Oregon

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Average Home Value

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$453,856

Ranked in the US

#8

Lowest Home Value

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$321,006

Ranked in the US

#44

Ranked in the US

#14

Cost of Living Index

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121.2

Ranked in the US

#8

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Pennsylvania

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Average Home Value

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$237,674

Ranked in the US

#34

Lowest Home Value

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$136,144

Ranked in the US

#18

Ranked in the US

#26

Cost of Living Index

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98.2

Ranked in the US

#25

Pennsylvania is the eighteenth cheapest state to buy a house with an average home value of $237,674. Pennsylvania's affordable housing market can be attributed to factors such as a mix of urban and rural areas with varied housing options, a relatively lower cost of living compared to some neighboring states, and a stable real estate market.

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Rhode Island

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Average Home Value

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$373,094

Ranked in the US

#11

Lowest Home Value

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$281,162

Ranked in the US

#42

Ranked in the US

#23

Cost of Living Index

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112.9

Ranked in the US

#14

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

South Carolina

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Average Home Value

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$231,270

Ranked in the US

#37

Lowest Home Value

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$131,555

Ranked in the US

#17

Ranked in the US

#28

Cost of Living Index

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94.3

Ranked in the US

#32

South Carolina is the fifteenth cheapest state to buy a house with an average home value of $231,270. South Carolina's affordable housing market is influenced by factors such as a relatively lower cost of living, a mix of urban and rural areas with affordable housing options, and a strong supply of available homes.

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South Dakota

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Average Home Value

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$262,373

Ranked in the US

#27

Lowest Home Value

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$170,999

Ranked in the US

#26

Ranked in the US

#49

Cost of Living Index

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94.5

Ranked in the US

#31

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Tennessee

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Average Home Value

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$239,612

Ranked in the US

#33

Lowest Home Value

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$126,053

Ranked in the US

#14

Ranked in the US

#29

Cost of Living Index

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90.2

Ranked in the US

#42

Tennessee is the nineteenth cheapest state to buy a house with an average home value of $239,612. Tennessee offers affordable housing options due to factors such as a lower cost of living, a strong supply of available homes, and a stable real estate market that presents opportunities for budget-conscious buyers.

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Texas

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Average Home Value

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$255,023

Ranked in the US

#30

Lowest Home Value

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$151,418

Ranked in the US

#22

Ranked in the US

#20

Cost of Living Index

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92.5

Ranked in the US

#36

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Utah

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Average Home Value

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$471,970

Ranked in the US

#7

Lowest Home Value

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$347,016

Ranked in the US

#47

Ranked in the US

#19

Cost of Living Index

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102.8

Ranked in the US

#22

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Vermont

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Average Home Value

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$304,539

Ranked in the US

#22

Lowest Home Value

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$194,678

Ranked in the US

#32

Ranked in the US

#25

Cost of Living Index

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115.9

Ranked in the US

#11

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Virginia

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Average Home Value

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$338,714

Ranked in the US

#18

Lowest Home Value

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$197,895

Ranked in the US

#33

Ranked in the US

#10

Cost of Living Index

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102.8

Ranked in the US

#23

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Washington

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Average Home Value

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$518,215

Ranked in the US

#4

Lowest Home Value

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$347,311

Ranked in the US

#48

Ranked in the US

#6

Cost of Living Index

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114.2

Ranked in the US

#13

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

West Virginia

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Average Home Value

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$126,115

Ranked in the US

#51

Lowest Home Value

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$62,107

Ranked in the US

#1

Ranked in the US

#51

Cost of Living Index

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90

Ranked in the US

#43

West Virginia is the cheapest state to buy a house with an average home value of $126,115, thanks to its lower cost of living and a more modest cost of construction contributing to more affordable housing options.

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Wisconsin

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Average Home Value

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$236,227

Ranked in the US

#35

Lowest Home Value

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$147,811

Ranked in the US

#21

Ranked in the US

#34

Cost of Living Index

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95.5

Ranked in the US

#29

Wisconsin is the seventeenth cheapest state to buy a house with an average home value of $236,227. Wisconsin's affordable housing market benefits from factors such as a lower cost of living, a relatively balanced supply and demand in the real estate market, and a mix of urban and rural areas providing housing options at affordable price points.

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

Wyoming

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Average Home Value

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$291,215

Ranked in the US

#26

Lowest Home Value

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$190,733

Ranked in the US

#30

Ranked in the US

#38

Cost of Living Index

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92.5

Ranked in the US

#37

Average Home Value

Lowest Home Value

Median Rent Price

Cost of Living Index

FAQs

What state has the cheapest houses ?

West Virginia has the cheapest houses with an average home value of $126,115.

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