Here is a list of the top 10 cheapest real estate in USA :
1. Indianapolis
This is one of the most affordable real estate in the USA, which is located in central Indiana. The metropolitan area has almost a million inhabitants, making it the cheapest property in the USA on our list and the third largest in the Midwest, after Chicago and Columbus, Ohio.
Indianapolis has a variety of attractions, including numerous Fortune 500 companies, prestigious museums, and universities, as well as two well-known professional sports franchises, namely the Colts and the Pacers. In addition, the city is known as the venue of the prestigious Indy 500 race. The urban area has experienced a steady demographic expansion in recent decades and its affordable cost of living coupled with its numerous amenities make it an attractive choice for residents.
2. Rochester
This city is on our list of best cities to invest in real estate in USA. Rochester is among the US cities with at least 1 million inhabitants in 2020, where the return on investment (ROI) for sellers has increased significantly. The ROI increased by 49.9%, making it one of the highest in the country.
This trend has attracted the attention of numerous housing construction professionals as more and more people are moving away from Manhattan in search of larger living spaces and cheaper housing options.
3. Mississippi
This is also one of the most affordable real estate in the USA. The place hosts a population of about 650,000 people with an average age of about 34 years.
4. West Virginia
With a Zillow Home Value Index of $146,578, West Virginia is the state with the cheapest home purchase prices in the United States. Regardless of the affordable housing market, the state offers remarkable natural landscapes and numerous opportunities for outdoor activities, which makes it a desirable alternative for cost-conscious home buyers.
5. Arkansas
The Zillow Home Value Index for the state of Arkansas is $180,544, making it the third most affordable state to buy a property. The state is known for its natural beauty and the charming culture of the South, in addition, it offers a low cost of living and a variety of affordable housing options.
6. Louisiana
Since the Zillow Home Value Index for Louisiana is at 182,959, it is one of the states with the cheapest prices for buying a house. The state is famous for its cuisine, musical instruments, and culture, but it also has a high crime rate and is prone to natural disasters.
7. Oklahoma
The Zillow Home Value Index for Oklahoma is $188,453, making it the fifth most affordable state in the United States to buy a home in. Since the state is famous for the friendliness of its residents, the diversity of its terrain, and its relatively low cost of living, it is an attractive choice for buyers who are looking for affordable housing.
8. Kentucky
The Zillow Home Value Index for Kentucky is at $190,037, making it the eighth most affordable state to buy a home. This state is known for its whiskey, horse racing, and the warm hospitality of the South, offering affordable housing alternatives and a low cost of living.
9. Lowa
The Google Home Value Index for Iowa is below $200,000, making it the ninth most affordable state to buy a home. The state is known for its agricultural and hospitable inhabitants. In addition, the state has a favorable cost of living and a large number of decent housing options.
10. Ohio
This state is famous for its rich industrial heritage, professional sports teams, and relatively low cost of living. Many cities in the state also offer affordable housing options.