10 Cheapest States to Buy a Home in America

10 Cheapest States to Buy a Home in America

What is going on everyone? I hope you are
all doing well. In the last couple of months we have done lists about getting land,
where to get free land, where to retire, places that will actually pay you to
move, today I thought we should look at the most affordable States to buy land.
When we did the free videos everyone said nothing's free there's always the
hoops got to jump through there is but really even if you're
buying land there's hoops to jump through I figure if this video does good
we'll do each state more in-depth but moving on so how do you decide what
makes a state affordable well it's it's math you use the following metrics
effective property tax rate median listing price median listing price per
square foot median home value and average closing costs you give all those
numbers to someone that knows their way around a calculator in this case her
name is Suki and you come up with a list slapping money down for mortgage is a
major investment for most Americans sometimes the upfront cost might deter
potential buyers from pulling the trigger on their dream home that can
leave a lot of Americans wondering where it's possible to purchase a home with
less cash upfront nobody wants to work three jobs sell plasma and test
pharmaceuticals just to get the downpayment you show up to sign the
papers your real estate agent broker is there you're tired you look like a
zombie your right eye and left nipple or itching it's not a good sight so what
states are the most affordable to live what most considerate the American Dream
you've got to start with number ten Ohio do you like football do
you like cold weather do you like major cities that have
serious inner city problems if you answered yes to all those move to
Cleveland or Cincinnati if you like the first two but could really do without
the third part the city park moved to rural Ohio
besides the inexpensive housing Ohio is a good family type state with a low cost
living the rural parts of Ohio were hit pretty hard by the opioid crisis a
couple years back but they're doing a great job now coming out of it the
handful of people I know from Ohio have all expressed their one main hatred for
this state election years Ohio is one of those states that gets out of control
when it comes to election season the residents are bombarded with ads
reporters campaign workers candidates people begging you to put a sign on your
lawn and then attend a town hall type thing they said it's insane they said
it's irritating and a lot of them try and go on vacation during that time of
the year every four years or whatever it is the median list price in Ohio is a
hundred and eighty thousand dollars now that's the average the city's that's
gonna be higher but when you get to rural Ohio you're probably looking at
somewhere around a hundred and twenty thousand for a decent house that may
actually have some land on it the median list price is about a hundred and ten
thousand the average effective property rate is one point five four not bad number nine south carolina once you get
outside of Myrtle Beach and Charleston South Carolina becomes extremely
affordable I mean a serious price drop like Mercedes to a Yugo type of price
difference remember the Yugo God that was a horrible car my friend had won the
only car I've ever seen where the air-conditioning actually broke on you
couldn't turn it off and that was like the only powerful thing in that car we'd
wear jackets to drive around in that car in August in West Texas
it sucked if you like to fish you'll like South Carolina in states like Texas
you have people with gun racks in the back window of their truck South
Carolina people have fishing poles in their trunk or the back window of their
truck everyone knows the best fishing hole in South Carolina they're all over
the state everyone's got their own greatest fishing holes it's kind of
weird anyway the cool thing about South Carolina real estate is you don't need
to live in the sticks to get a good price for a home they have great suburbs
that are very affordable like I've said before they do make their barbecue sauce
out of mustard so if you can get past that you're in good shape in South
Carolina it's really good barbecue by the way just so you should know
definitely try it median home price in South Carolina is
$250,000 not bad median list price per square foot is a hundred and thirty 125
the average effective property tax is 0.55 percent so that's pretty good number eight Missouri I don't think I
have or whatever recommend anyone moving to Missouri maybe my cousin sex wife
it's very rare you hear anyone talking good about Missouri there's really only
two times someone might– when they're discussing low cost of housing and maybe
they're 65 years or older and you mentioned Branson Missouri they'll talk
all day about it Branson Missouri calls itself alive music capital of the world
okay maybe they are but it's sort of easy to pull off when you're only
booking acts that once played the Merv Griffin Show but you can't deny it's
cheap to get a house in Missouri the average closing costs in the state comes
in around two thousand six hundred seventy one dollars that's the third
lowest amount for this metric overall the show-me-state has one of the lowest
median listing price –is across all states analyzed at $193,000 the
effective property tax rate is 0.95 percent not bad number seven Kentucky the Bluegrass
State has a lot of land you can get on the cheap even in most of the cities
it's pretty reasonable compared to other major cities in the country and yes I'm
sure it's gotten out of control and the prices have gone through the roof over
the last decade here's a secret so as every other semi desirable city in the
country that's just how the world works prices go up the people in Kentucky love
a good time they love basketball and the Kentucky Derby which is more like a
religious pilgrimage to them I have a friend who's from a place called
Winchester Kentucky which just outside of Lexington he told me there are only
three people that don't go to the Kentucky Derby at least one time in
their life animal lovers poor people and drug fiends we know them as addicts he
calls them fiends it's just his way matter no Kentucky comes in seventh and
has the fourth lowest average closing cost in the study at 2681 dollars it
also has the eighth lowest median listing price per square foot at 118 96
defective property tax in Kentucky is 0.85 percent and if you're planning any
long-term thing like owning the house forever and leaving it to your kids or
something like that you should do little reading on the Kentucky inheritance laws
that's just a piece of advice from your old pal Briggs number six Indiana Indiana is not for
everyone but the people who do like it there don't mind letting me know where I
should place my opinions if opinions actually took a solid form of let's say
an eggplant they didn't appreciate it when I published the findings from the
condoms dot-com study I don't know what's a study they added things up
anyway in the study they said that Indiana orders more extra-small condoms
than any other state in the Union I've talked about this before in a past video
obviously that's why they're complaining I don't care how small they grow their
eggplants in Indiana their housing is cheap and it's worth a look the average
closing cost in Indiana is about two thousand six hundred fifty-five dollars
that's the second lowest overall Indiana is also one of the best states for
homeowners in 2019 that's a future list coming up really soon actually it has an
average listing price of one hundred ninety five thousand dollars the Hoosier
state's effective property tax is point eight four by comparison the average
effective property tax across all states was one point one one percent so it's
pretty good number there number five Oklahoma if you don't mind
living in a state that uses a racial slur for one of its nicknames Oklahoma
maybe for you Oklahoma's most often called the sooner state but it also has
two other nicknames one is the native state which is fine the next one not so
much the land of the red man yeah that's a thing how'd that one slip by Oklahoma
isn't terribly crowded in or outside the cities and more the rural parts of the
state land gets dirt cheap Oklahoma median home value is about forty nine
thousand dollars the second lowest figure on this list for that metric
Oklahoma also has the fifth lowest average cost for closing at two thousand
seven hundred and twenty the effect of property tax in Oklahoma is only 0.89%
like I said Oklahoma it's really cheap to get into a home or buy some land
there you just got a deal with you're living in Oklahoma and it is not for
everyone that's true for every state in every city but I really mean it when it
comes to Oklahoma I mean I still get angry emails from people defending the
honor of Tulsa when I did a video a couple months back why I've been to
Tulsa there's nothing there to defend the thumbnail for that video is a dude
taking nap while resting his head on a catfish nobody's ever complained they
complain about everything else but apparently that's okay number four Mississippi and here we have
Mississippi a couple videos back we sat with our mouse Gabe as we found out
Mississippi wasn't the bottom of the barrel in a category that was shocking
enough but even more alarming it was education they weren't even in the
bottom ten they actually have one of the better education ratings in the country
who saw that one coming Mississippi takes the fourth place on this list of
the top ten cheapest states to buy a home the median listing price per square
foot in Mississippi is only $95 that's the lowest in this study for that
metric Mississippi's overall listing price is in the top 5 also it's a
hundred and eighty nine thousand that's pretty freakin low the effective
property tax in Mississippi again is really low at point seven eight percent
good job Mississippi number three Alabama Alabama like others
on this list fall into the poorest states list and a few other negative
columns this is why the land is so cheap not a bunch of people are aching to live
there they suck as bad as Mississippi but they don't have the education score
to lean on they do have billboards letting people know that it's not okay
to date close relatives not even kidding about that mentioned it on a video in
the past they actually have billboards telling you it's not okay to you know
hook up with a first cousin and whatnot Alabama has a lot going for it I mean
once you get past those billboards you know including the University of Alabama
Mobile Bay amazing history good people and really cheap land the yellowhammer
state ranks third with the second lowest effective tax rate on this list with 0.4
zero percent the state has the fourth lowest median listing price per square
foot at one hundred and three point three eight the median home price in
Alabama is two hundred and nineteen thousand dollars they have small towns
where you could get a move-in-ready home for about sixty thousand dollars yeah
that's real number two Arkansas transitioning into
Arkansas we learned that it can get cheaper than Alabama I know it's hard to
believe but it's actually a thing Arkansas is one of the poorest states in
the Union which normally translates to cheaper everything when people can't
afford to buy things that are on sale it's hard to sell them anything that's
considered a premium item you know that's why they aren't selling many
Rolexes in Little Rock not selling much dental insurance either I always see
people from Little Rock or missing some teeth or something like that and they're
always sunburnt it's like they don't believe in sunscreen or skin care here
it's really strange so I will say a couple things about Arkansas up in the
northwest part of the state it's almost not Arkansas the Fayetteville Springdale
Rodgers area I should really say it's not like the rest of Arkansas they
really need to become their own state until that happens the statewide cost of
living housing should be kind of low the good part of Arkansas is being brought
down by the bad part of Arkansas and that's just because most the rest of the
state is really sort of sketchy at best Arkansas homes are the second lowest
median listing price in the entire list with $169,900 is the average listing
price the effective property tax in Arkansas is point six one percent not
bad and number one West Virginia if you like
the outdoors good decent people a laid-back lifestyle and the world's best
community radio station WTS q and Charleston moved to West Virginia while
you're there say hi to my Ross morning DJ and dummy collector West Virginia has
had a rough go at it the last decade or so it was hit hard with lots of coal
mining jobs the opioid crisis just wrecked the state but it's working its
way back up it's on the upswing now so now's the time to buy in West Virginia
it is a beautiful state and I don't think it's gonna be the cheapest state
for many more years forget all the jokes the rumors the
recent history West Virginia is a great state especially around the state
capital Charleston West Virginia has a median home listing price of a hundred
and sixty seven thousand dollars that is cheap the effective property tax rate in
the state of West Virginia is point five seven percent still extra cheap West
Virginia is easily the cheapest place to buy a home land whatever you want in the
United States give it a look alright so that is my cheapest States to buy
property in the United States hope you guys enjoyed it hope you got some
information out of it this one was really about information I hope it helps
someone buy a home I just bought a new home second home I guess now that we've
had and it's a process and if you can get any help like low taxes low closing
costs it makes a big difference don't be afraid of the process just pull the
trigger and do it what's the worst thing to do tell you know when you try again
six months later anyway thanks for watching don't forget all the links
below give it a big thumbs up tell me what you thought if you liked this
series we'll break down the states individually even closer and I can get
into the counties and stuff like that if you want leave me a comment about that
everybody have a great day be nice to each other you you


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