In this blog post, we reveal and explain the Top 10 Best States to Buy a House in 2024!
We have carefully ranked these states from 1 to 10, based on affordability, quality of life, economic opportunities, home value growth estimates, and the Zillow Home Value Index (ZHVI) as of January 2024.
With the average home value in the U.S. currently at $346,048, it’s important to consider cost-effective options for homeownership without compromising on quality of life.
While these 10 states offer a diverse range of housing options to suit various lifestyles and preferences, we encourage you to conduct thorough online research and carefully consider your personal priorities, including work opportunities and family needs.
So, without further ado, let’s explore the 10 best states to buy a home this year!
Table of Contents
Key Findings of Our Research:
- West Virginia is currently the #1 cheapest state to buy a home in 2024. West Virginia has an average home value of $157,272, which is $188,776 less than the national average of $346,048.
- Hawaii is the most expensive state to buy a house in 2024, with an average home value of $840,748. California is the second most expensive state to buy a home in 2024, with an average home value of $746,055.
- The average home value in the U.S. is currently $346,048, which is up 2.2% year-over-year (CY 2023 to YTD 2024).
What are the Best States to Buy a House?
- Pennsylvania
- North Carolina
- Utah
- Kentucky
- Iowa
- Indiana
- Ohio
- Nebraska
- Mississippi
#1. Pennsylvania – Average Home Value: $254,802
Pennsylvania is currently the #1 best state to buy a house. Pennsylvania offers a diverse range of cities and rural areas, making it suitable for various lifestyles. With a rich history, vibrant culture, and affordable home prices, it presents an attractive option for homebuyers. Additionally, the state provides excellent educational institutions and a strong job market.
#2. North Carolina – Average Home Value: $320,716
North Carolina boasts a desirable combination of natural beauty, a mild climate, and a thriving economy. The state’s diverse geography includes stunning beaches and majestic mountains, offering endless opportunities for outdoor activities. With a low cost of living and a strong sense of community, North Carolina is an appealing place to call home.
#3. Utah – Average Home Value: $502,647
Utah is renowned for its breathtaking landscapes, including national parks, mountains, and picturesque valleys. The state offers a high quality of life, with excellent healthcare, a robust economy, and low crime rates. Homebuyers in Utah can enjoy an active outdoor lifestyle, a family-friendly environment, and a relatively low cost of living.
#4. Kentucky – Average Home Value: $196,580
Kentucky offers a charming blend of Southern hospitality, beautiful countryside, and a rich cultural heritage. Known for its horse racing tradition and bourbon production, the state has a unique charm. With affordable housing options, a low cost of living, and a warm community spirit, Kentucky provides an inviting atmosphere for homebuyers.
#5. Nevada – Average Home Value: $418,583
Nevada’s appeal lies not only in its famous entertainment hub, Las Vegas, but also in its diverse landscapes and outdoor recreational opportunities. The state boasts a sunny climate, breathtaking desert scenery, and access to outdoor activities such as hiking, skiing, and boating. Additionally, Nevada has no state income tax, making it an attractive choice for those seeking financial benefits.
#6. Iowa – Average Home Value: $207,215
Ranked among the top 10 most affordable states in the U.S., Iowa is also recognized as one of the safest. With a cost of living around 90% of the national average and housing costs at just 75% of the average, Iowa offers financial benefits and a diverse population that embraces differences. Its scenic landscapes make it an ideal destination for outdoor activities.
#7. Indiana – Average Home Value: $228,879
Offering a mix of large cities and small towns, Indiana provides something for everyone. With a low cost of living, friendly residents, a relatively low crime rate, and four-season weather, the state encourages people to appreciate each season as it unfolds.
#8. Ohio – Average Home Value: $216,115
Ohio consistently ranks highly on various “best of” lists, including having a significant number of top-ranked school districts. It offers abundant job opportunities and a range of entertainment options. Ohio is also among the top 10 cheapest states to live in.
#9. Nebraska – Average Home Value: $249,135
Known for its happy residents, Nebraska ranks among the top 10 happiest states. It combines affordability with a touch of humor, as reflected in its tourism tagline. The state offers a relatively low cost of living and is appreciated for its beauty and recreational activities, including golf.
#10. Mississippi – Average Home Value: $171,440
Despite its low-ranking public school system, Mississippi has its own appeal. It boasts warm weather, friendly people, delicious food, and a low cost of living. Whether for work, retirement, or family, Mississippi allows individuals to save money each month.
About the Author
Brian Reese is a senior advisor and co-owner at District Lending. He is one of the world’s leading experts in veteran benefits, having helped millions of veterans secure their financial future since 2013. Brian is the founder VA Claims Insider, an education-based Coaching & Consulting company whose mission is to educate and empower veterans to get the VA disability benefits they’ve earned for their honorable service. A former active-duty air force officer, Brian deployed to Afghanistan in support of Operation Enduring Freedom. He is a distinguished graduate of management of the United States Air Force Academy and earned his MBA as a National Honor Scholar from the Spears School of Business at Oklahoma State University.
In Brian’s Own Words:
“As a military veteran, I’ve made it my life’s mission to help people live happier and wealthier lives. District Lending brings this mission to life. We believe in integrity, honesty, and transparency, which is why you’ll see our rates right on our website. You’ll find lower rates and zero lending fees, which means you can buy your dream home for less. The savings are passed on to you — the way it should be.”
– Brian Reese, Advisor and Co-Owner, District Lending
