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According to Zillow, the typical home value in the United States is about $350,091. Depending on the home, the state, the neighborhood, your local cost of living and the market, the amount varies widely.
And with housing prices that keep rising — with last year’s average housing cost reaching about $327,000 — combined with high interest rates, some prospective homeowners might be looking to move to another city or state to find the home of their dreams. But where will they go?
Despite all that, every state is home to at least a handful of places where buyers can expect to scoop up a house on the cheap. To find the least expensive places to buy a home, GOBankingRates used data from the Zillow Home Value Index (ZHVI) and the U.S. Census Bureau regarding population in order to analyze every significant city in all 50 states and chose one place in each locale where houses are a steal.
Here’s where homebuyers on a budget should start their search.
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This article was originally published by a www.gobankingrates.com . Read the Original article here. .