Yahoo Finance Cheapest Places To Buy a Home in Every State
According to Zillow, the typical home value in the United States is about $327,000. Depending on the home, the state, the neighborhood, and the market, however, that amount can vary widely.
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And with housing prices that keep rising - a year ago, that average was about 301,000 - combined with high interest rates, some prospective homeowners might be looking to pick up 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 Zillow and the U.S. Census Bureau to analyze every significant city in all 50 states and chose three to five places in each locale where houses are a steal. Here's where homebuyers on a budget should start their search.
Alabama
Gadsden
Population: 34,317
Average home value: $82,312
Birmingham
Population: 202,234
Average home value: $95,388
Montgomery
Population: 201,022
Average home value: $128,088
Phenix City
Population: 38,216
Average home value: $164,034
Dothan
Population: 70,318
Average home value: $168,868
Alaska
Fairbanks
Population: 33,018
Average home value: $276,877
Anchorage
Population: 292,545
Average home value: $392,925
Juneau
Population: 32,240
Average home value: $485,562
Arizona
San Luis
Population: 35,289
Average home value: $212,221
Kingman
Population: 32,204
Average home value: $260,534
Yuma
Population: 95,154
Average home value: $272,670
Sierra Vista
Population: 44,944
Average home value: $272,865
Bullhead City
Population: 41,064
Average home value: $310,201
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Arkansas
Pine Bluff
Population: 41,964
Average home value: $70,823
North Little Rock
Population: 64,444
Average home value: $135,281
Fort Smith
Population: 89,116
Average home value: $150,307
Little Rock
Population: 201,893
Average home value: $185,489
Jonesboro
Population: 77,520
Average home value: $194,813
California
Oildale
Population: 34,350
Average home value: $248,001
Porterville
Population: 62,164
Average home value: $278,057
Delano
Population: 52,206
Average home value: $291,804
Tulare
Population: 68,395
Average home value: $310,699
Calexico
Population: 38,798
Average home value: $315,277
Colorado
Pueblo
Population: 111,424
Average home value: $285,202
Grand Junction
Population: 65,067
Average home value: $369,917
Security-Widefield
Population: 40,158
Average home value: $376,938
Greeley
Population: 107,014
Average home value: $411,605
Colorado Springs
Population: 475,282
Average home value: $456,266
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Connecticut
Hartford
Population: 121,562
Average home value: $208,799
Waterbury
Population: 113,783
Average home value: $220,120
Norwich
Population: 40,020
Average home value: $225,845
Torrington
Population: 35,447
Average home value: $226,000
New Britain
Population: 74,022
Average home value: $227,492
Delaware
Wilmington
Population: 70,926
Average home value: $283,084
Dover
Population: 38,940
Average home value: $285,793
Milford
Population: 11,249
Average home value: $310,129
Newark
Population: 31,393
Average home value: $312,724
Smyrna
Population: 12,619
Average home value: $358,712
Florida
Pensacola
Population: 53,845
Average home value: $234,795
Panama City
Population: 34,521
Average home value: $245,396
Lehigh Acres
Population: 123,751
Average home value: $246,670
Pine Hills
Population: 84,289
Average home value: $253,800
Fort Pierce
Population: 46,409
Average home value: $258,560
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Georgia
Albany
Population: 70,748
Average home value: $114,102
Macon
Population: 156,711
Average home value: $133,524
Columbus
Population: 204,366
Average home value: $138,836
Augusta
Population: 201,264
Average home value: $160,174
Valdosta
Population: 55,417
Average home value: $163,073
Hawaii
Hilo
Population: 46,559
Average home value: $484,281
Waipahu
Population: 39,927
Average home value: $907,832
Pearl City
Population: 45,941
Average home value: $958,832
Kaneohe
Population: 34,509
Average home value: $1,115,054
Honolulu
Population: 351,554
Average home value: $1,290,274
Idaho
Pocatello
Population: 55,865
Average home value: $302,147
Lewiston
Population: 33,964
Average home value: $345,009
Twin Falls
Population: 51,223
Average home value: $346,351
Idaho Falls
Population: 64,399
Average home value: $375,493
Caldwell
Population: 58,872
Average home value: $379,220
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Illinois
Decatur
Population: 71,309
Average home value: $76,910
Galesburg
Population: 30,298
Average home value: $77,815
Peoria
Population: 113,672
Average home value: $104,230
Pekin
Population: 32,398
Average home value: $106,888
Rock Island
Population: 37,519
Average home value: $107,433
Indiana
Gary
Population: 69,739
Average home value: $74,549
Anderson
Population: 54,459
Average home value: $106,182
Muncie
Population: 65,571
Average home value: $115,594
Richmond
Population: 35,854
Average home value: $120,194
Terre Haute
Population: 58,450
Average home value: $124,614
Iowa
Waterloo
Population: 67,695
Average home value: $126,225
Davenport
Population: 101,725
Average home value: $160,993
Sioux City
Population: 85,081
Average home value: $165,672
Council Bluffs
Population: 62,617
Average home value: $178,426
Des Moines
Population: 213,545
Average home value: $179,879
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Kansas
Hutchinson
Population: 40,202
Average home value: $119,740
Salina
Population: 46,896
Average home value: $158,687
Topeka
Population: 126,802
Average home value: $159,014
Kansas City
Population: 155,745
Average home value: $161,492
Wichita
Population: 394,574
Average home value: $175,602
Kentucky
Hopkinsville
Population: 30,771
Average home value: $147,415
Covington
Population: 40,930
Average home value: $156,122
Owensboro
Population: 59,839
Average home value: $178,063
Elizabethtown
Population: 31,066
Average home value: $212,292
Louisville
Population: 630,260
Average home value: $224,899
Louisiana
Alexandria
Population: 45,736
Average home value: $121,400
Shreveport
Population: 189,374
Average home value: $125,427
Monroe
Population: 48,105
Average home value: $130,353
Houma
Population: 33,461
Average home value: $170,496
Lake Charles
Population: 83,444
Average home value: $181,000
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Maine
Waterville
Population: 15,872
Average home value: $197,206
Bangor
Population: 31,920
Average home value: $227,372
Augusta
Population: 18,895
Average home value: $230,844
Lewiston
Population: 36,615
Average home value: $245,155
Auburn
Population: 23,790
Average home value: $257,864
Maryland
Baltimore
Population: 592,211
Average home value: $169,939
Dundalk
Population: 66,426
Average home value: $187,973
Salisbury
Population: 32,583
Average home value: $215,407
Hagerstown
Population: 43,015
Average home value: $237,679
Parkville
Population: 30,783
Average home value: $245,169
Massachusetts
Springfield
Population: 155,770
Average home value: $246,550
Pittsfield
Population: 43,890
Average home value: $248,600
Chicopee
Population: 55,636
Average home value: $267,557
Holyoke
Population: 38,480
Average home value: $275,392
Westfield
Population: 40,922
Average home value: $317,498
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Michigan
Flint
Population: 83,312
Average home value: $47,361
Detroit
Population: 645,658
Average home value: $69,897
Bay City
Population: 32,824
Average home value: $88,354
Saginaw
Population: 44,796
Average home value: $98,300
Pontiac
Population: 61,498
Average home value: $107,285
Minnesota
Saint Cloud
Population: 68,430
Average home value: $222,562
Duluth
Population: 86,711
Average home value: $237,339
Moorhead
Population: 44,129
Average home value: $246,967
Brooklyn Center
Population: 33,298
Average home value: $269,160
Mankato
Population: 43,938
Average home value: $270,898
Mississippi
Jackson
Population: 156,803
Average home value: $70,920
Greenville
Population: 30,175
Average home value: $84,619
Meridian
Population: 35,625
Average home value: $107,909
Gulfport
Population: 72,468
Average home value: $170,630
Tupelo
Population: 37,872
Average home value: $173,793
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Missouri
Saint Joseph
Population: 73,138
Average home value: $128,128
Saint Louis
Population: 302,787
Average home value: $149,656
Joplin
Population: 51,539
Average home value: $166,968
Florissant
Population: 52,382
Average home value: $171,741
Independence
Population: 122,230
Average home value: $177,135
Montana
Butte-Silver Bow
Population: 34,368
Average home value: $246,416
Great Falls
Population: 60,381
Average home value: $277,228
Billings
Population: 115,689
Average home value: $355,040
Nebraska
Beatrice
Population: 12,276
Average home value: $145,710
Scottsbluff
Population: 14,511
Average home value: $145,816
Lexington
Population: 10,325
Average home value: $156,359
Hastings
Population: 25,247
Average home value: $162,689
North Platte
Population: 23,543
Average home value: $163,301
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Nevada
Pahrump
Population: 42,471
Average home value: $337,924
North Las Vegas
Population: 259,638
Average home value: $385,736
Las Vegas
Population: 634,786
Average home value: $416,979
Carson City
Population: 57,957
Average home value: $452,922
Henderson
Population: 311,250
Average home value: $477,190
New Hampshire
Claremont
Population: 12,955
Average home value: $211,172
Keene
Population: 22,969
Average home value: $275,183
Rochester
Population: 32,317
Average home value: $328,095
Somersworth
Population: 11,964
Average home value: $348,466
Laconia
Population: 16,786
Average home value: $360,025
New Jersey
Camden
Population: 72,381
Average home value: $93,254
Atlantic City
Population: 38,481
Average home value: $177,969
Vineland
Population: 61,442
Average home value: $239,860
Trenton
Population: 90,097
Average home value: $253,140
Sicklerville
Population: 46,626
Average home value: $298,192
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New Mexico
Clovis
Population: 38,505
Average home value: $137,620
Roswell
Population: 48,347
Average home value: $156,112
Hobbs
Population: 39,476
Average home value: $160,890
Alamogordo
Population: 31,201
Average home value: $180,881
Carlsbad
Population: 31,525
Average home value: $193,130
New York
Niagara Falls
Population: 48,763
Average home value: $136,691
Binghamton
Population: 47,828
Average home value: $149,962
Syracuse
Population: 146,781
Average home value: $152,439
Utica
Population: 64,723
Average home value: $159,942
Rome
Population: 32,309
Average home value: $161,793
North Carolina
Goldsboro
Population: 33,214
Average home value: $165,462
Rocky Mount
Population: 54,375
Average home value: $166,672
Fayetteville
Population: 208,497
Average home value: $170,199
Wilson
Population: 47,914
Average home value: $178,127
Burlington
Population: 56,563
Average home value: $196,817
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North Dakota
Jamestown
Population: 15,823
Average home value: $176,250
Minot
Population: 48,005
Average home value: $231,858
Grand Forks
Population: 58,867
Average home value: $250,897
Dickinson
Population: 24,851
Average home value: $267,220
Fargo
Population: 124,979
Average home value: $278,640
Ohio
Youngstown
Population: 61,274
Average home value: $50,019
Warren
Population: 39,334
Average home value: $78,026
Cleveland
Population: 374,861
Average home value: $95,554
Dayton
Population: 138,416
Average home value: $98,147
Toledo
Population: 271,454
Average home value: $99,272
Oklahoma
Enid
Population: 51,129
Average home value: $108,364
Muskogee
Population: 37,214
Average home value: $111,287
Lawton
Population: 91,247
Average home value: $112,682
Shawnee
Population: 31,237
Average home value: $127,484
Midwest City
Population: 58,146
Average home value: $144,554
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Oregon
Springfield
Population: 62,138
Average home value: $389,896
Grants Pass
Population: 38,902
Average home value: $393,209
Medford
Population: 84,894
Average home value: $395,972
Albany
Population: 55,776
Average home value: $402,465
Salem
Population: 174,193
Average home value: $405,257
Pennsylvania
Wilkes-Barre
Population: 44,086
Average home value: $116,650
Altoona
Population: 44,114
Average home value: $119,193
Scranton
Population: 75,987
Average home value: $138,221
Erie
Population: 95,536
Average home value: $149,458
Reading
Population: 94,161
Average home value: $204,201
Rhode Island
Central Falls
Population: 22,192
Average home value: $295,500
Woonsocket
Population: 43,044
Average home value: $320,112
Pawtucket
Population: 75,200
Average home value: $320,554
Warwick
Population: 82,666
Average home value: $334,151
Providence
Population: 188,812
Average home value: $337,240
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South Carolina
Sumter
Population: 42,920
Average home value: $162,183
Florence
Population: 39,816
Average home value: $191,477
Spartanburg
Population: 37,990
Average home value: $192,268
Columbia
Population: 137,276
Average home value: $205,917
Aiken
Population: 31,516
Average home value: $216,701
South Dakota
Huron
Population: 14,060
Average home value: $171,171
Mitchell
Population: 15,677
Average home value: $205,843
Aberdeen
Population: 28,500
Average home value: $208,985
Vermillion
Population: 11,506
Average home value: $224,877
Yankton
Population: 15,332
Average home value: $225,475
Tennessee
Memphis
Population: 634,139
Average home value: $140,063
Jackson
Population: 67,753
Average home value: $190,269
Kingsport
Population: 55,019
Average home value: $200,002
Morristown
Population: 30,387
Average home value: $202,059
Johnson City
Population: 69,521
Average home value: $235,022
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Texas
Port Arthur
Population: 55,757
Average home value: $87,400
Pharr
Population: 78,997
Average home value: $138,414
Beaumont
Population: 115,013
Average home value: $145,788
Lufkin
Population: 34,264
Average home value: $147,212
Wichita Falls
Population: 102,563
Average home value: $147,753
Utah
Ogden
Population: 86,110
Average home value: $361,366
Logan
Population: 52,420
Average home value: $381,057
Clearfield
Population: 31,802
Average home value: $397,127
Roy
Population: 39,076
Average home value: $401,877
Tooele
Population: 35,223
Average home value: $403,825
Vermont
Rutland
Population: 15,934
Average home value: $214,058
Burlington
Population: 44,703
Average home value: $467,098
South Burlington
Population: 20,042
Average home value: $486,535
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Virginia
Danville
Population: 42,556
Average home value: $114,488
Lynchburg
Population: 78,973
Average home value: $216,265
Portsmouth
Population: 97,454
Average home value: $218,849
Roanoke
Population: 99,578
Average home value: $224,331
Petersburg
Population: 33,229
Average home value: $226,138
Washington
Yakima
Population: 96,266
Average home value: $323,020
Longview
Population: 37,542
Average home value: $354,605
Spokane
Population: 225,709
Average home value: $378,214
Pasco
Population: 76,398
Average home value: $386,095
Walla Walla
Population: 33,765
Average home value: $386,436
West Virginia
Clarksburg
Population: 16,085
Average home value: $93,679
Beckley
Population: 17,261
Average home value: $99,833
Huntington
Population: 46,923
Average home value: $105,655
Weirton
Population: 19,150
Average home value: $124,189
Parkersburg
Population: 29,910
Average home value: $125,173
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Wisconsin
Beloit
Population: 36,567
Average home value: $141,883
Racine
Population: 77,705
Average home value: $153,919
Manitowoc
Population: 34,267
Average home value: $168,817
Fond du Lac
Population: 44,412
Average home value: $169,162
Milwaukee
Population: 578,198
Average home value: $172,033
Wyoming
Riverton
Population: 10,619
Average home value: $219,768
Rock Springs
Population: 23,505
Average home value: $241,932
Green River
Population: 11,887
Average home value: $249,656
Evanston
Population: 11,802
Average home value: $251,104
Casper
Population: 58,547
Average home value: $255,907
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Jami Farkas contributed to the reporting of this article.
Methodology: To find the cheapest places to buy a home in every state, GOBankingRates looked at every city in each state with a population over 30,000 (10,000 in Alaska, Delaware, Maine, Montana, Nebraska, North Dakota, New Hampshire, Rhode Island, South Dakota, Vermont, West Virginia and Wyoming due to low population or limited data availability), as sourced from the U.S. Census Bureau's 2021 American Community Survey 5-year estimates. Then, GOBankingRates identified the three to five qualifying cities in each state with the lowest average typical home value from January 2022 to January 2023, sourced from Zillow's home value index. All data was collected on and up to date as of March 6, 2023.
NOTE: Because cities were selected for the final ranking based solely on their home values compared to others in their state, some cities may have prices above the national average or other economic problems which drive home prices down.
This article originally appeared on GOBankingRates.com: Cheapest Places To Buy a Home in Every State
