What state has the cheapest real estate

  1. katiek2101 profile image61
    katiek2101posted 15 years ago

    What state has the cheapest real estate

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  2. urs_dipak profile image60
    urs_dipakposted 15 years ago

    I think you are asking which state has the cheapest real state, but unfortunatelly you forget to mention the country for an answer.

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  3. diabetesreporter profile image69
    diabetesreporterposted 15 years ago

    Besides which, some states may have very cheap land, but property taxes are incredibly high. For example, you might be able to find some cheap, rural land in Oregon, but you will end up paying 5-10% of it's value each and every year (for eternity) in property taxes.

    When you factor in the taxes, as well as the fact that you will probably have to pay interest on the taxes (which are generally bundled with your mortgage payments over a 30 year period), even cheap land in California ends-up looking like a bargain by comparison.

    Look for a combination of not only inexpensive land values, but inexpensive land taxes, living expenses and other local taxes, permits, fees, etc. Some of the areas that have tended to be better all-around values in recent years are Texas, North/South Dakota, Louisiana and Wyoming. Stay away from any state with deep financial problems. Eventually, they will be reaching into your pocket to solve their fiscal problems.

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