(KTVI) – In a time when high-interest rates and heavy demand have shaped the housing market, buying a home has become quite expensive.
Some people have taken a unique path to combat such challenges, like moving to cities with generally low housing costs to get more bang for the buck.
A new report from 24/7 Wall St. dug deep into this trend and determined the cheapest city to buy a home in every US state. In some cases, you might still be able to find homes for less than six figures.
For Missouri and Arkansas, you’ll have to venture out a bit and settle for a home in a somewhat smaller community to find the cheapest homes.
What are the “cheapest cities” for homes in Missouri and Arkansas? Here’s what the research team at 24/7 Wall St. found out…
Missouri
Cheapest City: Kennett, Missouri (Dunklin County)
Median listed home price: $102,000
Perhaps one of the biggest incorporated cities in Missouri’s bootheel, Kennett is well known for its agriculture and sits close to the Mississippi River. As of 2020, it had a population of around 10,000 people.