Most Affordable States for Housing: Top 10 Picks for Budget-Friendly Living

When searching for a new home, finding the right location can be a challenge. If you’re looking for the most affordable states to call home, here’s a comprehensive guide to the top 10 most budget-friendly states, based on data from U.S. News.

10 Most Affordable States for Housing

1. West Virginia

West Virginia boasts the lowest median home price in the nation at just $119,800. The state offers a unique blend of scenic beauty and affordability, particularly in cities like Charleston and Morgantown, making it an attractive option for homebuyers looking for peace and affordability.

2. Arkansas

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With a median home price of $128,800, Arkansas is known for its low cost of living and diverse landscapes. Cities like Little Rock and Fayetteville not only offer affordable housing but also a vibrant cultural scene and ample job opportunities.

3. Mississippi

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Mississippi, where the median home price is $126,500, is one of the most affordable states. The state is appealing due to its rich cultural heritage and low property costs, especially in areas like Jackson and Gulfport.

4. Alabama

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Alabama offers a median home price of $142,700. From the historic sites of Birmingham to the bustling port city of Mobile, Alabama combines affordability with a rich history and growing job market.

5. Kentucky

Kentucky’s median home price stands at $146,100. The state is attractive for its famous horse farms, bourbon distilleries, and affordable living, particularly in cities like Louisville and Lexington.

6. Oklahoma

With a median home price of $138,400, Oklahoma provides low housing costs alongside a strong economy, especially in sectors like energy and agriculture. Oklahoma City and Tulsa are hotspots for affordable housing and economic opportunities.

7. South Dakota

South Dakota features a median home price of $167,100. The state offers a robust job market, particularly in Sioux Falls, and low taxes, making it ideal for families and individuals looking for an affordable and active lifestyle.

8. North Dakota

North Dakota, with a median home price of $193,900, remains affordable, particularly in cities like Fargo and Bismarck. The state’s booming economy, driven by oil and agriculture, adds to its appeal as an affordable place to live.

9. Louisiana

Bourbon Street in Downtown New Orleans, Louisiana, USA - louisiana remodeling companies — Bourbon Street in Downtown New Orleans, Louisiana

Louisiana presents a median home price of $157,800. Known for its vibrant culture and music, cities like New Orleans and Baton Rouge offer not only cultural richness but also affordable living options.

10. Iowa

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Iowa rounds out our list with a median home price of $147,800. The state is noted for its balance of low living costs, strong educational institutions, and a friendly, community-oriented atmosphere, particularly in cities like Des Moines and Iowa City.

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LGBTQIA+ home buyers face unique challenges in the real estate market. Despite recent advancements in federal protections by the Department of Housing and Urban Development (HUD), explicit laws against housing discrimination based on sexual orientation and gender identity remain inconsistent at the state and local levels.

These ten most affordable states offer great opportunities for homeownership without breaking the bank. Whether you’re drawn to the peaceful landscapes of West Virginia or the cultural vibrancy of Louisiana, affordable housing options abound.