7 Most Affordable States For Home Ownership In The United States

Are you dreaming of buying a home without breaking the bank? You're not alone. In many places across the U.S., sky-high real estate prices might make you think twice. But guess what? In some states, buying a great home without spending a fortune is possible.

Per a recent list compiled by OwnUp, here’s a list of the seven most affordable states for home ownership in the United States of America.

Michigan

Michigan's got vibrant cities, lush natural landscapes, and endless recreational activities.  Image: Unplash/ Gary Meulemans
Michigan’s got vibrant cities, lush natural landscapes, and endless recreational activities. Image: Unplash/ Gary Meulemans

If you're all about affordability meeting opportunity, Michigan should be on your radar. With a median home price of only $151,000, it's way below the national average. Cheaper homes and lower taxes mean more cash in your pocket. And Michigan isn't just about savings; cities like Detroit and Grand Rapids offer a vibrant mix of culture and nature.

Iowa

Iowa offers smaller cities with good schools, strong communities, and a slower pace of life. Image: Unplash/ Niko Vassios
Iowa offers smaller cities with good schools, strong communities, and a slower pace of life. Image: Unplash/ Niko Vassios

Here’s where you can enjoy life without spending all your dough on living. Iowa's homes average $157,000, and it scores high on job opportunities and a quality lifestyle. It’s a great spot if you want a friendly neighborhood with space to breathe without emptying your wallet.

Oklahoma

Oklahoma is subject to extreme weather like tornadoes, so do remember to factor in higher insurance costs. Image: Unsplash/ Alan Villegas
Oklahoma is often subject to extreme weather, so remember to factor in higher insurance costs. Image: Unsplash/ Alan Villegas

Fancy even more bang for your buck? Oklahoma's your go-to, with homes averaging $148,000. Cities like Oklahoma City and Tulsa pack in the amenities, while rural areas offer peace and plenty of room. Just keep an eye on weather-related expenses that might sneak into your budget.

Ohio

Ohio offers a great mix of affordability and big-city amenities. Image: Unsplash/ TopSphere Media
Ohio offers a great mix of affordability and big-city amenities. Image: Unsplash/ TopSphere Media

Surprised? Ohio's another Midwestern gem that mixes affordability with city perks. With homes around $145,000 and a slew of schools and jobs, Ohio is great for those who like a touch of city vibe without the city price tag.

Indiana

While you might sacrifice some big-city amenities, Indiana makes up for it in affordability and livability. Image: Unsplash/ Ryan De Hamer
While you might sacrifice some big-city amenities, Indiana makes up for it in livability. Image: Unsplash/ Ryan De Hamer

Say hello to Hoosier hospitality without the hefty price tag. Homes here go for about $166,000. Indiana is all about that friendly, community feel, minus the cost and chaos of bigger urban hubs.

Delaware

Delaware boasts good schools, strong employment opportunities, and a diverse population. Image: Unsplash/ stephan cassara
Delaware boasts good schools, strong employment avenues, and a diverse population. Image: Unsplash/Stephan Cassara

Tiny but mighty in the savings department! Despite higher home costs at $351,000, Delaware's low taxes make it a keeper if you're looking at the long game. It’s small, sure, but it’s packed with diversity, good schools, and job opportunities.

Kentucky

Kentucky offers a relaxed Southern lifestyle with lower living expenses. Image: Shutterstock/ Sean Pavone
Kentucky offers a relaxed Southern lifestyle with lower living expenses. Image: Shutterstock/ Sean Pavone

Ready for some Southern charm without the steep costs? Kentucky's median home price sits comfortably at $253,000. It’s all about scenic drives, friendly towns, and a laid-back lifestyle that won't require a fortune.

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