I’ve seen properties in red states sell for $10,000 on real estate websites, not the houses.
However, I’ve seen houses and properties sell for as little as $30,000 on these same sites.
More importantly, which states have the most affordable property tax rates?
My parents’ house (1270 sq ft) located in a red state sold for less that $240,000 (and that included 9 acres and a concrete floored shop) in 2023. That price was comparable to other homes in the area. The young couple that purchased are delighted with their new home and their toddler son is growing up in a rural environment where he can run around outside and play to his heart’s content. They plan to build on an addition and grow their family there.
There is a 20 to 30 minute commute to the largest town nearby with manufacturing, large retail, and academia jobs. Pay in that town is pretty decent unless you want a “high dollar” lifestyle. It’s an hour job to the “big city” with even more opportunities.
You can find houses for a reasonable price in a red state unless you want big city living and 4000 sq ft (on 1/8 ac lot).
If you go to rural Mississippi, you can find homes for 100 to 150 thousand. If you have a WFH job, that would be an ideal place to live.
One thing about house prices you ALL leave out is
nearby jobs that allow you to pay those prices!
No jobs, equals cheaper housing!
California prices.... wow. These are single story on small 1/4 acre land. Crowded with 6ft walls for privacy from neighbors.
Median Price by Month, Latest 13 Months
https://www.laalmanac.com/economy/ec37.php
Former co-worker told me her home value has doubled in price in Ventura. She pays $1,500 a month total with taxes for 900sq/ft. Bought home less then 10 years ago. 1 mile from the beach. Part of a triplex. Rent for a 1 bedroom apt is over $2,200 for 700sq/ft.
Ventura average home price $940,000
I live in the Grande Dunes area of Myrtle Beach. Currently renting until we can find something. Homes here average around $750k. My wife says no problem, and I’m wandering if we can afford a refrigerator box behind a Luby’s to make our home.
Affordability clearly doesn’t include property taxes.
Go figure.
Years ago, my sister & her husband moved from Nebraska to Maryland. My BIL worked for the military and one of their friend’s husband got transferred to Nebraska. She was beside herself with the move until they saw they could afford a McMansion, not have an hour commute to/from DC etc.