While home prices are rising in many parts of California, one town stands out as affordable. This town offers cheaper property rates, making it a great place to live for less money. Factors like population and price were considered in finding the cheapest place to buy a home in the state, and the result might surprise you.
If you’re searching for the most affordable area to buy a home in California, this place is a great find!
According to a list by GOBankingRates, the cheapest place to buy a home in California is Johannesburg, where homes cost an average of $95,686.53. In comparison, the average cost of a house in America last year was $327,000.
Here’s how GOBankingRates found the cheapest place to buy a home in each state:
“To find the least expensive places to buy a home, GOBankingRates used data from Zillow Home Value Index (ZHVI) and the U.S. Census Bureau regarding population. They analyzed every significant city in all 50 states and chose the one place in each where houses are the most affordable.”