California is one of the states with the most inhabitants per square meter in the entire US. The real estate market continues to be one of the top businesses in the United States, and in big cities like California it’s quite a challenge to buy property.
Although the majority of property buyers in that state are young people with a certain amount of economic security, the increasingly uneven difference between costs and wages means that many of them are looking for an affordable alternative , a second plan left the location and so on. important parameters when looking for a house.
According to official data from the United States Census Bureau, in August, monthly building permits for privately owned homes increased at a seasonally adjusted annual rate of 1,543,000, while building permits for single- family homes were recorded at a rate of 949,000. However, home construction for private and single-family homes declined from July to August 2023.
House in California
The state of California is also subject to a housing shortage, as housing supply lags behind demand. Housing production must increase significantly in the state to address this imbalance.
This has resulted in an increase in sales and rental prices in a large part of the territory, which makes it even more obligatory for many buyers to look at the cost of houses. To avoid costs that they cannot afford, many of them choose to find the cheapest places in the region.
The 10 cheapest places to buy a home in California
10. Kern (Median home price: $380,000)
9. Tulare (Median home price: $370,000)
8. Del Norte (Median home price: $365,000)
7. Kings (Median home price: $361,000)
6. Lake (Median home price: $357,000)
5. Plumas (Average home price: $356,000)
4. Tehama (Median home price: $350,000)
3. Glenn (Median home price: $349,000)
2. Siskiyou (Median home price: $279,500)
1. Lassen (Median home price: $249,000)