Most Affordable States

Written by Jim the Realtor

April 27, 2024

How bad can it be in Mississippi? Oh wait, don’t answer that.

Median-priced homes in these states cost $300,000 or less, a significant discount compared with the U.S. median price of $402,343.

While these 14 states may have cheaper properties available, there are trade-offs to consider, like higher rates of poverty and fewer high-paying jobs compared with the rest of the country. Many of them are among the most rural in the United States, and incomes in rural areas tend to be lower than in urban cities.

In contrast, you’d need to make $197,057 to afford a median-priced home worth $739,200 in California — the highest amongst all states.

https://www.cnbc.com/2024/04/13/us-states-where-you-can-buy-a-home-if-you-earn-less-than-75000.html

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