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Top 10 Cheapest States To Buy A House - Nowhere Diary - YouTube
Channel: Nowhere Diary
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[Music]
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purchasing a primary residence house is
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a big dream for every american
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many of them disregard this dream
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because of the need to be physically
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near to their workplace
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however this work condition was lifted
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because of the pandemic
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making it possible to work from home
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many are prompting to leave their
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current state to be able to buy their
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dream home
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finally that being said house buyers
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like you are likely to face a
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competitive housing market
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last december 2020 the numbers of those
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houses available are less than the
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demand
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which caused the highest house price
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increase of 15 percent
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gearing to 322 616
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this 2021 economists at realtor.com
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predict that the median home price will
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rise by 5.7 percent
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and chances are it will continue to
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offshoot
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indeed it gets challenging and
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challenging especially for those with a
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tight budget to purchase their dream
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house
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but worry no more in this video we will
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help you
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to navigate states with the cheapest
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home buying this 2021.
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we already identified 2021's top 10 most
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affordable states to buy a house
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considering various housing factors so
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sit back
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relax and enjoy as this helps you to
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save thousands of dollars
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but before we get into it please do me a
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favor by clicking the like and subscribe
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button
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and do not forget to turn on the
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notification bell so that you'll be
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notified any time we release a new video
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this national trend of work from home
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and making more spaces for quarantine
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are making everyone purchase their dream
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home
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but still there aren't a lot of things
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to consider when buying a home
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this is a real deal of math however in
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this video
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we make sure that you'll find your dream
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house at a fraction of the cost
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as we narrow down the top 10 cheapest
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states to buy a house
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number 10. indiana do you want a home
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state that is economically driven but
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still
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homely like a corn field indiana is best
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for you
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indiana is known for its sustainable
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economic growth primarily in the
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manufacturing agriculture and healthcare
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sectors
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and record it is the 38th largest state
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by area with nearly 7 million residents
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it offers an average home price of 172
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769 with the largest size of 1568 square
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feet
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it is best for anyone who has a median
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household income of 57 000
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houses in indiana have an estimated
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monthly mortgage payment of 546 dollars
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more than being an economically driven
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state the cost of living in indiana
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averages about
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10 percent lower than the national
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average based on the median home price
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homeowners in indiana pay about 1 164
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dollars in property taxes each year
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moreover this state can offer various
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opportunities for anyone interested in
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the broader manufacturing sector
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it is home to several companies in
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chemical product manufacturing like
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pharmaceuticals
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cleaning products and agrochemicals
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number 9. ohio ohio is considered one of
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the most underrated states in america
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in ohio fun is never ending with ohio's
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83 state parks and innovative ventures
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it has nearly 12 million residents with
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a median household income of 58
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two dollars the average home value in
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indiana
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ranges from a hundred sixty one thousand
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five hundred two hundred sixty two
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thousand nine hundred thirty three
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dollars
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with an estimated monthly mortgage
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payment of five hundred twenty nine
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dollars
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considering the location of ohio it has
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mild summers and cold winters
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with such natural beauty from hills to
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beaches
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ohio is also known for their
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manufacturing and financial services
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that you might be interested about
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number eight
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kansas does your work require you to be
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active online 24 7
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then you might want to consider kansas
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it has a total of 78 internet providers
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available with 94
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of its population having access to
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broadband speeds of 25 megabit per
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second or more
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it has an average home price of 167 540
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with an estimated monthly mortgage
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payment of 543.
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it has 3 million people with a median
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household of 62
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087 the cost of living in this state is
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about five to ten percent lower than the
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national average
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kansas is also called the wheat state
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because it grows more wheat than any
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other state in the us
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kansas economy focuses on agriculture
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natural resources and manufacturing
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kansas has hot summers and cold winters
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but few long periods of extreme
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temperatures
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so if you're a fan of a tempered
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continental climate this one is for you
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number 7 kentucky
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for number 7 we have kentucky the state
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of music and fun
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kentucky is known for its vibrant music
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festivals
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people in kentucky also enjoy mammoth
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cave national park
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the world's longest cave system it is
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the home of about 4 million people with
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a median household income of 52
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295 dollars the average houses in
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kentucky
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is 160 589
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with an estimated monthly mortgage
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payment of 506
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this state has a strong economy
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sustained by its agriculture
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manufacturing
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healthcare and natural resources
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kentucky has a humid subtropical climate
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with hot summers and cold winters
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people living here are a fan of the
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state's bluegrass which is green grass
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but in the spring produces blueish
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purple buds
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number six iowa you might also want to
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consider something with a diverse
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economy right
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well iowa is ready for you different
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sectors drive the state of iowa from
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manufacturing to biotechnology to
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agriculture to natural resources
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just name it by recently iowa's capital
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des moines
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earned national recognition for its
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growing sectors such as the technology
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sector
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arts scene farming and many more what
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wealthy agriculture it has
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iowa has a 3.1 million population with
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the median household income of
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thousand six hundred ninety one dollars
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however
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the average home value in iowa is a
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hundred fifty eight thousand and two
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dollars
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with an estimated monthly mortgage
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payment of five hundred thirteen
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dollars directly nine point nine percent
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only of monthly income
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this price will get you about 1 492
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square feet of land
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if you're interested in buying a house
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in iowa get excited
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because they're one step closer to their
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five historically covered bridges listed
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in the national register of historic
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places
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now we're down to our top five for
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number five alabama
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alabama is one of the best states with
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low property taxes
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this state has a 0.42 property tax
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the second lowest property tax in the
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u.s alabama median home value is 155
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782 dollars their median home size is as
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big as 1
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588 square feet alabama is the united
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states 24th largest state
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with almost 5 million people their cost
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of living is about 15
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lower than the national average it has a
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humid subtropical climate
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with extremely hot summers and mild
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winters it is also one of the best
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when it comes to beautiful beaches with
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white sands big
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investors in the healthcare industry
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fuel the economy in alabama
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alabama is one of only 12 states where
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employment has not declined in the last
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five years
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their largest industry is ambulatory
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healthcare services
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including primary care physicians
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dentists and other
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outpatient medical services
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number four arkansas if you hate the fun
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and loud states that i mentioned earlier
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then you might be interested in this one
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the state of arkansas arkansas is best
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for people looking for a quiet
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and nature-like home this state has so
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many natural wonders you can enjoy
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like beautiful mountains rivers caves
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and hot springs
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arkansas has more than three million
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people with a median household income of
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forty eight thousand nine hundred fifty
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two dollars
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their average home price is a hundred
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forty two thousand seventy dollars
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with an estimated monthly mortgage
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payment of 461 dollars
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arkansas state property tax rate is 0.63
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percent
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the 10th lowest in the country if you
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have all time
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in the world then you should take a look
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at the state's six national park sites
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two and a half million acres of national
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forests and fifty parks
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number three oklahoma oklahoma has so
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much to offer that will make you stick
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your feet in this state
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the state offers around 200 lakes
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sweeping planes and an annual bigfoot
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festival
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it also has varied topography from
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mountain ranges to forests
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the state produces natural gas oil and
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various agricultural products
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it has four million residents with a
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median household income of fifty four
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thousand four hundred forty nine dollars
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residence here has a cost of living of
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fifteen percent lower than the national
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average
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oklahoma's average home value of 140 027
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with an estimated monthly mortgage
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payment of 456 dollars
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the median home size in oklahoma is one
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thousand five hundred eight square feet
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the state motto in latin is omni of
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inset
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which means work conquers all things
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what an ideal state
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it is number two mississippi
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want to purchase a house that is less
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than half of the u.s median home value
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then go for mississippi
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mississippi offers house value ranging
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from 114
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500 to 135 563 dollars
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and estimates a monthly mortgage of 440
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the state has nearly 3 million residents
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with a median household income of 45
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792 this state is known as one of the
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most
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lenient states for building your own
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home the median home size in mississippi
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is
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square feet it has a humid subtropical
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climate
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with long summers and short mild winters
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and therefore
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residents are able to enjoy a wide range
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of outdoor activities
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this state has so much access to lakes
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and rivers making fishing their favorite
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recreational activity
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the cost of living in mississippi ranks
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at about 15 percent lower than the
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national average
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homeowners in this state pay property
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taxes at a rate of 0.81
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per year and for our number one
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drumroll please the state that is very
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known for its breathtaking scenery and
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low cost of living
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none other than west virginia
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west virginia is a gem when it comes to
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majestic mountain views
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and aside from this their average home
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value is only 109
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182 dollars with an estimated monthly
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mortgage payment of 355
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west virginia's 109 000 is expected to
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get about 1
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472 square feet of land
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it has a population of 1.8 million
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residents with a median household income
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of 48
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dollars the state has a zero point fifty
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nine percent property tax rate
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which is the eighth lowest property tax
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rate in the united states
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the state's largest industries include
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tourism and natural resources
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that is why many people consider west
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virginia as one of the best states to
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live in after retirement
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the state sits in the appalachian
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mountain range with a humid subtropical
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climate with warm summers and cold
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winters
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if you're to live here be ready for
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their famous recreational activities
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like hiking
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mountain biking skiing white water
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rafting and fly fishing
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and that's it for today's video i hope
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this video helps you decide where to buy
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your dream house at a very affordable
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cost
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what states are suitable to your
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preferences let me know your thoughts by
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commenting below
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make sure to like this video subscribe
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to the channel and click the
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notification bell
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thanks for watching thank
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