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
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
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
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
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
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
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
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.