Better Homes And Gardens Real Estate Missouri

The 10 Best States to Buy a New Home In

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If you're in the market for a new house, you know that where you live can have a big impact on the house you buy. For example, you can get a larger house for less cash in some regions compared to others, and in some states, you'll pay more in property taxes but see rising home values. Of course, there's more to choosing a place to live than your budget, like living near family or a particular job. But if you're flexible and ready to put down roots, start with the 10 best states for buying a new home:

Texas

As usual, Texas's economy outshines the rest of the country's, and that includes its housing market, especially in and around the larger cities. Taxes are low, the cost of living is cheap and more and more major companies are making the state their headquarters, which means more jobs. You can't go wrong if you move to Texas; just don't forget your cowboy boots.

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Nevada

Now is the time to buy in Nevada, specifically in the Las Vegas area. Home values are on the rise, and if you invest now, you might be in for a treat if you decide to sell a few years down the road. Buying a home in Nevada is a gamble worth taking.

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Oklahoma

Just like its neighbor to the south, Oklahoma's economy is thriving, and its housing prices are some of the least expensive in the country. In 2018, the average home price was only $99,000. The state's cost of living is low, as are its crime rates, making it an ideal place to call home.

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Alabama

When it comes to affordability, the Southeast is just as appealing as the Midwest. Alabama, in particular, has a reputation for affordable housing and a low cost of living. It also has some of the lowest property taxes in the entire country.

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Kansas

Kansas is quite similar to Alabama in that it's an affordable place to live, and you don't have to pay as much for a house as you would in most other states. The difference is that Kansas has a fairly high medium income, which makes buying a house even more affordable.

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Utah

Utah hasn't always been a hot spot for new residents, but that's all changing. Several companies, especially those in the high-tech industry, are taking their headquarters to Utah, and people are following to find jobs. That means a good economy awaits, along with higher wages and growing home values.

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Tennessee

Tennessee is another state that is seeing a huge increase in housing values, especially in the Nashville area. Property taxes are low and so is the median home price across the state. Even mortgage rates are lower than much of the rest of the country.

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North Carolina

North Carolina is another Southern state that's currently seeing a population boom, thanks to its plentiful jobs and affordable housing. Charlotte, in particular, is seeing a major increase in newcomers from other states. For this reason, home values are on the rise too.

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Indiana

When it comes to income, Indiana residents don't make as much as residents in a lot of other states, but they make up for it with their affordable housing. In 2018, the median housing price was just under $130,000. The state also has low property taxes.

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Missouri

Meanwhile, in Missouri, the houses aren't just cheap. The median income is a good bit above the national average. As a matter of fact, as of 2018, the median home price is only two and a half times the median annual income. Combine that with fairly low mortgage rates and property taxes, and it sounds like a great place to buy a new home.

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Better Homes And Gardens Real Estate Missouri

Source: https://www.questionsanswered.net/article/the-10-best-states-to-buy-a-new-home-in?utm_content=params%3Ao%3D740012%26ad%3DdirN%26qo%3DserpIndex

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