Real Estate?

Question

What states in the U.S. have the lowest real estate prices?

Im not looking into living in a ghetto, I was talking about states generally, such as Texas having lower real estate than Florida, which is where I currently reside. Also, consider the fact that not all college students don't quite have it made right out of school.

Answer 1

Why?
are you planning to move to an area just because it has the lowest real estate prices?

Usually low real estate prices equal low wages.

Answer 2

Found this on the internet, maybe this will help?

State-Local Tax Burdens, Calendar Year 2005
Rank State State/Local taxes as
% of per capita income
U.S. average 10.10%
1 Maine 13.00%
2 New York 12.00%
3 Hawaii 11.50%
4 Rhode Island 11.40%
5 Wisconsin 11.40%
6 Vermont 11.10%
7 Ohio 11.00%
8 Nebraska 10.90%
9 Utah 10.90%
10 Minnesota 10.70%
11 Arkansas 10.50%
12 Connecticut 10.50%
13 West Virginia 10.50%
14 New Jersey 10.40%
15 Kansas 10.40%
16 Louisiana 10.40%
17 Maryland 10.30%
18 Indiana 10.30%
19 Kentucky 10.30%
20 California 10.30%
21 Arizona 10.20%
22 Michigan 10.10%
23 Wyoming 10.10%
24 Washington 10.00%
25 Iowa 10.00%
26 Mississippi 10.00%
27 Idaho 10.00%
28 North Carolina 10.00%
29 New Mexico 9.90%
30 Illinois 9.80%
31 Georgia 9.80%
32 Massachusetts 9.80%
33 South Carolina 9.70%
34 Virginia 9.70%
35 Pennsylvania 9.70%
36 Oregon 9.60%
37 Colorado 9.50%
38 Nevada 9.50%
39 Montana 9.50%
40 Oklahoma 9.40%
41 Missouri 9.40%
42 North Dakota 9.40%
43 Texas 9.30%
44 Florida 9.20%
45 South Dakota 8.80%
46 Alabama 8.70%
47 Tennessee 8.30%
48 Delaware 8.00%
49 New Hampshire 7.40%
50 Alaska 6.40%
District of Columbia 12.20%
Source: Tax Foundation, 2005

Answer 3

You can go to www.Realtor.com type in the kind of place you are looking for say 3 bed 2 bath 1500 sq ft and try different areas that would be of interest for you to live and see what you can get for the price. in the country one would say might be cheaper than living in the city ,but how many miles will you have to drive to get to work ,with gas going over 3.00 a gallon it can add up fast.Also make sure to look at the property taxes and insurance which can add a lot to the payments even if the house is cheap.
I am Realtor in the midwest, my sister lives in Florida she pays 400 a month in property taxes, I pay 400.00 a year.
she pays 400 a month in insurance I pay 500.00 a year.
her home is worth about 250,000 mine is 125,000.
After you locate an area make sure to look into jobs and see if there are any and what they pay ,it makes a big difference.

Answer 4

Although state by state averages are available, in a market like, say, Texas you will have communities that are extremely expensive (some of the autonomous suburbs of Houston) and communities that are extremely cheap (parts of west Texas).

That said, you would probably be best served to look at specific locak statistics. The best resource I've used for this is at:
http://www.realestateconsulting.com/metro_statistics.htm

Answer 5

Think you should add another aspect to this question, real estate costs to income ratio, or average pay in respect to your field.