©Shutterstock.com 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.
Check Out: 5 Cities Where Homes Will Be a Total Steal in 2 Years
Try This: How To Start Investing In Real Estate – Even If You’re Not Rich
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.
Allard1 / Getty Images/iStockphoto Trending Now: Don’t Buy a House in These 5 US Cities That Have Shrinking Populations and Fewer Buyers
Learn More: 20 Best Cities Where You Can Buy a House for Under $100K
Roman Sorokin / Shutterstock.com Discover More: Dave Ramsey — Why You Shouldn’t Pay Off Your Mortgage Early Even If You Can
©Shutterstock.com Cheapest Place: Bowie
2023 ZHVI: $82,555.38
Total Population: 320
clintspencer / iStock.com Cheapest Place: Grubbs
2023 ZHVI: $36,023.51
Total Population: 416
MattGush / Getty Images/iStockphoto For You: 5 Housing Markets That Will Plummet in Value Before the End of 2025
traveler1116 / Getty Images/iStockphoto AndreyKrav / iStock.com benedek / Getty Images/iStockphoto Cheapest Place: Gretna
2023 ZHVI: $83,913.77
Total Population: 1,247
Trending Now: Is Barbara Corcoran Right About the Housing Market?
Christina Cunningham / iStock.com Cheapest Place: Lumpkin
2023 ZHVI: $41,536.21
Total Population: 862
zorazhuang / Getty Images/iStockphoto Cheapest Place: Pahoa
2023 ZHVI: $279,815.53
Total Population: 1,336
welcomia / Shutterstock.com Cheapest Place: Pierce
2023 ZHVI: $185,619.88
Total Population: 481
pabradyphoto / iStock.com Cheapest Place: Cairo
2023 ZHVI: $19,759.71
Total Population: 1,694
Read Next: If Interest Rates Are Going Down, What Will Mortgage Rates Look Like in 2025?
mtcurado / Getty Images/iStockphoto Story Continues
Kayla Goss / Getty Images/iStockphoto Cheapest Place: Mystic
2023 ZHVI: $53,950.55
Total Population: 337
halbergman / Getty Images/iStockphoto Cheapest Place: Sedan
2023 ZHVI: $39,922.63
Total Population: 873
jctabb / Shutterstock.com Explore More: Why a Billionaire Bought a Bunch of Homes In Duluth, Minnesota
Art Wager / Getty Images/iStockphoto Cheapest Place: Rodessa
2023 ZHVI: $51,729.93
Total Population: 150
Corey T Burns / Shutterstock.com John M. Chase / Getty Images DenisTangneyJr / Getty Images/iStockphoto Find Out: America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000
benkrut / iStock.com Cheapest Place: Beecher
2023 ZHVI: $35,217.92
Total Population: 9,171
Cheapest Place: Elmore
2023 ZHVI: $66,721
Total Population: 398
jferrer / Getty Images/iStockphoto Meinphoto / Shutterstock.com Check Out: I’m a Real Estate Agent — 3 States Where You Should Sell Your Property in the Next 5 Years
constantgardener / Getty Images Cheapest Place: Browning
2023 ZHVI: $133,406.20
Total Population: 851
marekuliasz / Getty Images/iStockphoto Cheapest Place: Walthill
2023 ZHVI: $53,750.74
Total Population: 880
Steve Hedin / Wikimedia Commons Cheapest Place: Austin
2023 ZHVI: $72,914.97
Total Population: 18
DenisTangneyJr / Getty Images Cheapest Place: Groveton
2023 ZHVI: $153,511.01
Total Population: 892
Learn More: 9 Major US Cities Where Buying a Home Is Surprisingly Cheap
Leembe / Getty Images/iStockphoto Cheapest Place: Camden
2023 ZHVI: $111,456.76
Total Population: 72,381
©Shutterstock.com ChrisBoswell / Getty Images/iStockphoto Cheapest Place: Roxobel
2023 ZHVI: $37,497.18
Total Population: 224
Read Next: Real Estate — 10 Housing Markets Buyers Are Flocking To as Rates Drop
Christopher Cagney / Getty Images/iStockphoto Cheapest Place: Drake
2023 ZHVI: $86,510.78
Total Population: 339
Screen shot / 2017 Google Cheapest Place: Drexel
2023 ZHVI: $43,850.55
Total Population: 1,732
DenisTangneyJr / Getty Images will_snyder_ / Getty Images/iStockphoto Cheapest Place: Condon
2023 ZHVI: $160,483.04
Total Population: 763
Discover More: Here’s When To Buy a New House, According to Kevin O’Leary
Scharvik / Getty Images Christopher Boswell / Shutterstock.com Kruck20 / Getty Images/iStockphoto Cheapest Place: Wagener
2023 ZHVI: $43,440.76
Total Population: 1,357
©Shutterstock.com Cheapest Place: Lemmon
2023 ZHVI: $92,496.39
Total Population: 1,252
For You: ‘Rich Dad’ Robert Kiyosaki — Use This Two-Step Formula for Real Estate Investing
AndreyKrav / Getty Images/iStockphoto Cheapest Place: Ridgely
2023 ZHVI: $88,515.45
Total Population: 1,950
halbergman / Getty Images evenfh / Getty Images/iStockphoto Cheapest Place: Emery
2023 ZHVI: $189,196.44
Total Population: 375
mmlynch3 / Shutterstock.com Explore More: Here’s the Salary a Single Person Needs To Live Comfortably in Hawaii
Joel Carillet / Getty Images Cheapest Place: Lind
2023 ZHVI: $183,774.44
Total Population: 486
DenisTangneyJr / Getty Images/iStockphoto BergmannD / Getty Images/iStockphoto Cheapest Place: Montreal
2023 ZHVI: $105,546.61
Total Population: 749
Check Out: I’m a Real Estate Agent — 5 Places I’d Buy a Vacation Home If I Had $500,000
benedek / Getty Images Cheapest Place: Midwest
2023 ZHVI: $66,513.74
Total Population: 193
Andrew Lisa and Jami Farkas contributed to the reporting of this article.
Methodology : To find the cheapest place to buy a home in every state, GOBankingRates analyzed every state to find the cities with the cheapest median home values, the city and the state, as sourced from Zillow Home Value Index. For each city, the total population was sourced from the U.S. Census American Consumer Survey as supplemental data. All data was collected and is up to date as of May 24, 2024.
More From GOBankingRates
This article originally appeared on GOBankingRates.com : The Cheapest Place To Buy a Home in Every State
