What is going on everyone? I hope you are all doing well. In the last couple of months
we have done lists about getting land, where to get free land, where to retire,
places that will actually pay you to move, today I thought we should look at
the most affordable States to buy land. When we did the free videos everyone
said nothing's free there's always the hoops got to jump through
there is but really even if you're buying land there's hoops to jump
through I figure if this video does good we'll do each state more in-depth but
moving on so how do you decide what makes a state affordable well it's it's
math you use the following metrics effective property tax rate median
listing price median listing price per square foot median home value and
average closing costs you give all those numbers to someone that knows their way
around a calculator in this case her name is Suki and you come up with a list
slapping money down for mortgage is a major investment for most Americans
sometimes the upfront cost might deter potential buyers from pulling the
trigger on their dream home that can leave a lot of Americans wondering where
it's possible to purchase a home with less cash upfront nobody wants to work
three jobs sell plasma and test pharmaceuticals just to get the
downpayment you show up to sign the papers your real estate agent broker is
there you're tired you look like a zombie your right eye and left nipple or
itching it's not a good sight so what states are the most affordable to live
what most considerate the American Dream you've got to start with
number ten Ohio do you like football do you like cold weather
do you like major cities that have serious inner city problems if you
answered yes to all those move to Cleveland or Cincinnati if you like the
first two but could really do without the third part the city park moved to
rural Ohio besides the inexpensive housing Ohio is
a good family type state with a low cost living the rural parts of Ohio were hit
pretty hard by the opioid crisis a couple years back but they're doing a
great job now coming out of it the handful of people I know from Ohio have
all expressed their one main hatred for this state election years Ohio is one of
those states that gets out of control when it comes to election season the
residents are bombarded with ads reporters campaign workers candidates
people begging you to put a sign on your lawn and then attend a town hall type
thing they said it's insane they said it's irritating and a lot of them try
and go on vacation during that time of the year every four years or whatever it
is the median list price in Ohio is a hundred and eighty thousand dollars now
that's the average the city's that's gonna be higher but when you get to
rural Ohio you're probably looking at somewhere around a hundred and twenty
thousand for a decent house that may actually have some land on it the median
list price is about a hundred and ten thousand the average effective property
rate is one point five four not bad
number nine south carolina once you get outside of Myrtle Beach and Charleston
South Carolina becomes extremely affordable I mean a serious price drop
like Mercedes to a Yugo type of price difference remember the Yugo God that
was a horrible car my friend had won the only car I've ever seen where the
air-conditioning actually broke on you couldn't turn it off and that was like
the only powerful thing in that car we'd wear jackets to drive around in that car
in August in West Texas it sucked if you like to fish you'll
like South Carolina in states like Texas you have people with gun racks in the
back window of their truck South Carolina people have fishing poles in
their trunk or the back window of their truck everyone knows the best fishing
hole in South Carolina they're all over the state everyone's got their own
greatest fishing holes it's kind of weird anyway the cool thing about South
Carolina real estate is you don't need to live in the sticks to get a good
price for a home they have great suburbs that are very affordable like I've said
before they do make their barbecue sauce out of mustard so if you can get past
that you're in good shape in South Carolina it's really good barbecue by
the way just so you should know definitely try it
median home price in South Carolina is $250,000 not bad median list price per
square foot is a hundred and thirty 125 the average effective property tax is
0.55 percent so that's pretty good
number eight Missouri I don't think I have or whatever recommend anyone moving
to Missouri maybe my cousin sex wife it's very rare you hear anyone talking
good about Missouri there's really only two times someone might-- when they're
discussing low cost of housing and maybe they're 65 years or older and you
mentioned Branson Missouri they'll talk all day about it Branson Missouri calls
itself alive music capital of the world okay maybe they are but it's sort of
easy to pull off when you're only booking acts that once played the Merv
Griffin Show but you can't deny it's cheap to get a house in Missouri the
average closing costs in the state comes in around two thousand six hundred
seventy one dollars that's the third lowest amount for this metric overall
the show-me-state has one of the lowest median listing price --is across all
states analyzed at $193,000 the effective property tax rate is 0.95
percent not bad
number seven Kentucky the Bluegrass State has a lot of land you can get on
the cheap even in most of the cities it's pretty reasonable compared to other
major cities in the country and yes I'm sure it's gotten out of control and the
prices have gone through the roof over the last decade here's a secret so as
every other semi desirable city in the country that's just how the world works
prices go up the people in Kentucky love a good time they love basketball and the
Kentucky Derby which is more like a religious pilgrimage to them I have a
friend who's from a place called Winchester Kentucky which just outside
of Lexington he told me there are only three people that don't go to the
Kentucky Derby at least one time in their life animal lovers poor people and
drug fiends we know them as addicts he calls them fiends it's just his way
matter no Kentucky comes in seventh and has the fourth lowest average closing
cost in the study at 2681 dollars it also has the eighth lowest median
listing price per square foot at 118 96 defective property tax in Kentucky is
0.85 percent and if you're planning any long-term thing like owning the house
forever and leaving it to your kids or something like that you should do little
reading on the Kentucky inheritance laws that's just a piece of advice from your
old pal Briggs
number six Indiana Indiana is not for everyone but the people who do like it
there don't mind letting me know where I should place my opinions if opinions
actually took a solid form of let's say an eggplant they didn't appreciate it
when I published the findings from the condoms dot-com study I don't know
what's a study they added things up anyway in the study they said that
Indiana orders more extra-small condoms than any other state in the Union I've
talked about this before in a past video obviously that's why they're complaining
I don't care how small they grow their eggplants in Indiana their housing is
cheap and it's worth a look the average closing cost in Indiana is about two
thousand six hundred fifty-five dollars that's the second lowest overall Indiana
is also one of the best states for homeowners in 2019 that's a future list
coming up really soon actually it has an average listing price of one hundred
ninety five thousand dollars the Hoosier state's effective property tax is point
eight four by comparison the average effective property tax across all states
was one point one one percent so it's pretty good number there
number five Oklahoma if you don't mind living in a state that uses a racial
slur for one of its nicknames Oklahoma maybe for you Oklahoma's most often
called the sooner state but it also has two other nicknames one is the native
state which is fine the next one not so much the land of the red man yeah that's
a thing how'd that one slip by Oklahoma isn't terribly crowded in or outside the
cities and more the rural parts of the state land gets dirt cheap Oklahoma
median home value is about forty nine thousand dollars the second lowest
figure on this list for that metric Oklahoma also has the fifth lowest
average cost for closing at two thousand seven hundred and twenty the effect of
property tax in Oklahoma is only 0.89% like I said Oklahoma it's really cheap
to get into a home or buy some land there you just got a deal with you're
living in Oklahoma and it is not for everyone that's true for every state in
every city but I really mean it when it comes to Oklahoma I mean I still get
angry emails from people defending the honor of Tulsa when I did a video a
couple months back why I've been to Tulsa there's nothing there to defend
the thumbnail for that video is a dude taking nap while resting his head on a
catfish nobody's ever complained they complain about everything else but
apparently that's okay
number four Mississippi and here we have Mississippi a couple videos back we sat
with our mouse Gabe as we found out Mississippi wasn't the bottom of the
barrel in a category that was shocking enough but even more alarming it was
education they weren't even in the bottom ten they actually have one of the
better education ratings in the country who saw that one coming Mississippi
takes the fourth place on this list of the top ten cheapest states to buy a
home the median listing price per square foot in Mississippi is only $95
that's the lowest in this study for that metric Mississippi's overall listing
price is in the top 5 also it's a hundred and eighty nine thousand that's
pretty freakin low the effective property tax in Mississippi again is
really low at point seven eight percent good job Mississippi
number three Alabama Alabama like others on this list fall into the poorest
states list and a few other negative columns this is why the land is so cheap
not a bunch of people are aching to live there they suck as bad as Mississippi
but they don't have the education score to lean on they do have billboards
letting people know that it's not okay to date close relatives not even kidding
about that mentioned it on a video in the past they actually have billboards
telling you it's not okay to you know hook up with a first cousin and whatnot
Alabama has a lot going for it I mean once you get past those billboards you
know including the University of Alabama Mobile Bay amazing history good people
and really cheap land the yellowhammer state ranks third with the second lowest
effective tax rate on this list with 0.4 zero percent the state has the fourth
lowest median listing price per square foot at one hundred and three point
three eight the median home price in Alabama is two hundred and nineteen
thousand dollars they have small towns where you could get a move-in-ready home
for about sixty thousand dollars yeah that's real
number two Arkansas transitioning into Arkansas we learned that it can get
cheaper than Alabama I know it's hard to believe but it's actually a thing
Arkansas is one of the poorest states in the Union which normally translates to
cheaper everything when people can't afford to buy things that are on sale
it's hard to sell them anything that's considered a premium item you know
that's why they aren't selling many Rolexes in Little Rock not selling much
dental insurance either I always see people from Little Rock or missing some
teeth or something like that and they're always sunburnt it's like they don't
believe in sunscreen or skin care here it's really strange so I will say a
couple things about Arkansas up in the northwest part of the state it's almost
not Arkansas the Fayetteville Springdale Rodgers area I should really say it's
not like the rest of Arkansas they really need to become their own state
until that happens the statewide cost of living housing should be kind of low the
good part of Arkansas is being brought down by the bad part of Arkansas and
that's just because most the rest of the state is really sort of sketchy at best
Arkansas homes are the second lowest median listing price in the entire list
with $169,900 is the average listing price the effective property tax in
Arkansas is point six one percent not bad
and number one West Virginia if you like the outdoors good decent people a
laid-back lifestyle and the world's best community radio station WTS q and
Charleston moved to West Virginia while you're there say hi to my Ross morning
DJ and dummy collector West Virginia has had a rough go at it the last decade or
so it was hit hard with lots of coal mining jobs the opioid crisis just
wrecked the state but it's working its way back up it's on the upswing now so
now's the time to buy in West Virginia it is a beautiful state and I don't
think it's gonna be the cheapest state for many more years
forget all the jokes the rumors the recent history West Virginia is a great
state especially around the state capital Charleston West Virginia has a
median home listing price of a hundred and sixty seven thousand dollars that is
cheap the effective property tax rate in the state of West Virginia is point five
seven percent still extra cheap West Virginia is easily the cheapest place to
buy a home land whatever you want in the United States give it a look alright so
that is my cheapest States to buy property in the United States hope you
guys enjoyed it hope you got some information out of it this one was
really about information I hope it helps someone buy a home I just bought a new
home second home I guess now that we've had and it's a process and if you can
get any help like low taxes low closing costs it makes a big difference don't be
afraid of the process just pull the trigger and do it what's the worst thing
to do tell you know when you try again six months later anyway thanks for
watching don't forget all the links below give it a big thumbs up tell me
what you thought if you liked this series we'll break down the states
individually even closer and I can get into the counties and stuff like that if
you want leave me a comment about that everybody have a great day be nice to
each other
you