Homeownership, long a pinnacle of “the American dream” is increasingly out of reach for most US citizens. According to Zillow.com, the current average home Listing price in the United States is estimated to be around $395,000, pushing the costs of homeownership for the first-time homebuyer to a record high. Nevertheless, The dream of homeownership remains alive in America’s most affordable property markets, where median prices stay firmly below $250,000. Many states in the Midwest and the South continue to offer budget-friendly opportunities for buyers. Real estate Prices remain cheap in these states in comparison to the Northeastern and western states, along with the lowest annual effective property tax rate. So here are 15 Cheapest States to Buy a House in 2025.
