Low-mortgage charges and excessive call for for houses in many markets, coupled with a slowdown in new house building due to pandemic-related disruptions in the hard work power and provide chains, continuously led to intense bidding wars over to be had houses amongst potential consumers.
Though costs have slowed significantly in many markets in 2023 thank you to inflation and better loan charges, they continue to be increased and out of achieve for the standard family. Still, throughout the nation, there are towns the place housing is inexpensive to a broader vary of budgets — a minimum of relative to the state’s broader housing marketplace.
Of the 17 towns in Colorado with to be had knowledge from actual property marketplace web site Realtor.com, Sterling is the least pricey position for homebuyers. As of April 2023, the median checklist worth in the town used to be $245,000, when compared to the median checklist worth of $639,925 throughout the state as a entire.
All metro house and state degree list worth knowledge in this tale is from Realtor.com, a actual property marketplace web site, and is for April 2023.
Cheapest town to purchase a house | Median checklist worth in town, April 2023 ($) | Median checklist worth in state, April 2023 ($) | Cities regarded as in every state |
---|---|---|---|
Alabama: Selma | 75,500 | 330,000 | 25 |
Alaska: Fairbanks | 349,900 | 415,000 | 4 |
Arizona: Safford | 302,500 | 495,000 | 11 |
Arkansas: Hope | 119,000 | 289,900 | 21 |
California: Susanville | 308,950 | 750,000 | 34 |
Colorado: Sterling | 245,000 | 639,925 | 17 |
Connecticut: Hartford-East Hartford-Middletown | 399,900 | 559,900 | 5 |
Delaware: Dover | 409,500 | 494,900 | 1 |
Florida: Sebring-Avon Park | 295,000 | 467,990 | 29 |
Georgia: Thomaston | 183,700 | 395,400 | 37 |
Hawaii: Hilo | 645,000 | 852,500 | 4 |
Idaho: Mountain Home | 375,000 | 574,900 | 13 |
Illinois: Macomb | 69,900 | 310,000 | 26 |
Indiana: Marion | 92,500 | 299,900 | 38 |
Iowa: Fort Madison-Keokuk | 125,000 | 315,000 | 23 |
Kansas: Atchison | 120,000 | 314,825 | 19 |
Kentucky: Maysville | 92,500 | 299,950 | 21 |
Louisiana: Minden | 140,000 | 289,250 | 18 |
Maine: Bangor | 265,000 | 425,000 | 4 |
Maryland: Cumberland | 139,900 | 420,000 | 7 |
Massachusetts: Springfield | 369,000 | 759,000 | 6 |
Michigan: Saginaw | 149,000 | 280,000 | 31 |
Minnesota: Marshall | 186,185 | 400,000 | 22 |
Mississippi: Clarksdale | 55,000 | 279,900 | 22 |
Missouri: Kennett | 102,200 | 300,000 | 25 |
Montana: Butte-Silver Bow | 373,000 | 660,000 | 7 |
Nebraska: Scottsbluff | 254,950 | 371,900 | 12 |
Nevada: Fallon | 386,780 | 475,000 | 9 |
New Hampshire: Berlin | 249,991 | 549,000 | 6 |
New Jersey: Vineland-Bridgeton | 269,900 | 518,000 | 4 |
New Mexico: Deming | 189,000 | 375,000 | 19 |
New York: Olean | 125,000 | 639,945 | 27 |
North Carolina: Laurinburg | 209,450 | 419,720 | 37 |
North Dakota: Jamestown | 179,900 | 332,060 | 8 |
Ohio: Portsmouth | 129,500 | 249,900 | 42 |
Oklahoma: Miami | 147,000 | 315,000 | 21 |
Oregon: Hermiston-Pendleton | 355,000 | 569,900 | 20 |
Pennsylvania: Johnstown | 98,500 | 290,000 | 35 |
Rhode Island: Providence-Warwick | 529,900 | 525,500 | 1 |
South Carolina: Bennettsville | 127,170 | 359,925 | 16 |
South Dakota: Vermillion | 199,900 | 369,900 | 11 |
Tennessee: Union City | 187,000 | 444,900 | 27 |
Texas: Vernon | 109,250 | 384,900 | 71 |
Utah: Price | 414,000 | 619,900 | 9 |
Vermont: Rutland | 275,000 | 447,250 | 4 |
Virginia: Big Stone Gap | 154,500 | 449,000 | 12 |
Washington: Moses Lake | 383,700 | 649,000 | 20 |
West Virginia: Mount Gay-Shamrock | 105,000 | 229,900 | 13 |
Wisconsin: Marinette | 222,400 | 374,900 | 23 |
Wyoming: Rock Springs | 291,000 | 459,000 | 9 |
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