Where are the cheapest homes/houses in the nation?

Looking for a home that cost cheaper in one place then the same house would be somewhere else..example 3 bed room home in one state would be alot cheaper then in california...where are the cheapest houses?Where are the cheapest homes/houses in the nation?
There are cheap homes in every market, they are usually in bad shape in bad neigbhorhoods or they are forclosures. Along with cheap housing comes low wages in the region. Where housing is higher, wages are higher.Where are the cheapest homes/houses in the nation?
The Midwest down to Texas will have many locations that are very inexpensive.





If you look at the averages you will see X. If you look for the lowest prices you can find lower. Maybe run down areas or fine areas except there is little in the way of employment.





At some level home prices reflect incomes as most of the time (70%) the value of the home is a function of the mortgage that someone can afford to pay while they live there. That is a broad statement and there are exceptions. Otherwise I suspect you will get the point.





Note that weather can be a factor. Snow birds are people who retire and move to a warmer climate. They are not always rich but many do have equity from the home they sold where they once lived.





Look for places that have had a factory close and you might find a bargain. Also consider parts of the west (Dakota's, Wyoming, etc) as there are communities where they can not really give away the home.





One home we purchased last summer was a 2 bed single family home with garage. It needed work and it was bank owned (REO). The bank was asking $14K and we purchased it for $10K. Another $18K in repairs and it was ready to rent. The value after repairs was $60K
I am buying a house for $11,500 cash: a neglected house in a good neighborhood in Vincennes, IN. (2 bed, 1 bath)





I guarantee it's not a town you really want to move to though
Oklahoma...in 2000 the median home in the US was worth 119,000. However the median home value in Ok was 79,000. Which was the lowest state in the Union.
i think texas


i did a little research a while back and i was trying to answer the same question you have and i couldnt find a cheapest place but where i am at!


3 bedroom house brand new is probably around $170,000


2,000 to 3,000 sq ft
The midwest and southern states, but why would you wanna live there? Theres a reason some places are more exspensive then others, quality of living.