Housing Made Affordable: Cheapest States to Buy a House in the United States

Despite the ongoing increase in prices for prefabricated houses, numerous affordable options are still available across the nation. But where can you find the most reasonably priced house? Is it worth the price? Find out more information about these affordable housing options in the United States that you should know.

(Photo : Unsplash/Phil Hearing )

1. Illinois

One of the least costly places in the United States to purchase a home is Decatur, Illinois, which has a price tag of $133,400. Accordingly, approximately 68,000 people live in the area, encompassing nearly 42 square miles. Although the crime rate in Decatur is more significant than in most of the United States, the city has been classified as one of the 50 safest cities in Illinois. Agricultural production and processing, with Decatur serving as the headquarters of Archer Daniels Midland in North America, and production are the primary commercial activities in the area.

2. West Virginia

On average, a single-family home in West Virginia is $117,639, making it one of the cheapest places to purchase a home. However, despite its attractive housing values, this state is frequently ranked as one of the most undesirable places to live in because of issues regarding economic growth and the school system. 

3. Mississippi

The median price of a single-family home in Mississippi is approximately $140,818. Thus, with 19.5% of the population living below the poverty line, the state also has the most significant poverty rate in the nation. Mississippi is placed high on the list of states that are the worst places to live, just like West Virginia, due to several factors, including economic difficulties, a failing educational system, and an overall lousy quality of life.

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4. Oklahoma

Oklahoma is also among the states with the lowest prices in several areas, including housing, groceries, and medical care. The state's typical housing cost amounts to $151,469 on average. On the other hand, the nation's capital also has one of the highest poverty rates in the US, which is 15.1%, and it is typically listed alongside Mississippi in terms of both education and healthcare.

5. Iowa

With a median property value of less than $175,000 and a lower cost of living, Iowa is another state considered affordable. As mentioned, purchasing a property in 2023 was relatively inexpensive in that state. It features hills full of greenery and a large amount of space for you to establish your roots. Moreover, Des Moines and Cedar Rapids reportedly balance city and rural life.

6. Missouri

The state of Missouri, which has an average home value of $177,536 and is known for its compelling combination of Midwestern charm, unspoiled natural beauty, and a flourishing cultural scene, extends a warm welcome to its individuals. It doesn't matter if you're in the hectic pace of a bustling city or the peace of a rural stretch; the state provides an environment that is welcoming and fosters tightly connected communities. 

In addition, the citizens of Missouri can fully appreciate the pleasures and interests that life offers since the state's cost of living finds a harmonic balance between comfort and affordability. It accommodates various outdoor devotees and explorers due to its varied terrain, spanning the undulating Ozark hills to the majestic Mississippi River.

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