Cheapest Homes in Texas

The current state of the economy has had plenty of down sides, but for those who wish to purchase a home, there has never been a better time; homes are being sold at considerable discount, and the cheapest homes are often the best deals. Texas has several advantages over other states when it comes to cheap housing; size, location and the cost of living.

Why Are Texas Homes Cheap Right Now?

Homes all over the country are being sold at remarkably low prices. The sub-prime mortgage crisis resulted in a large number of property owners defaulting on their loans in the past couple of years. With more homes on the market, the prices naturally drop. It doesn’t take a genius to figure out that if you can afford to buy right now, you should.

There are several sources for cheap homes.

Factors in Finding a Home

There are always specific concerns each homebuyer has regarding location and services. It makes no sense to find a cheap home that is 100 miles from your job or to purchase a home that is cheap because it is in bad condition or a dangerous neighborhood. With those criteria in mind, let’s look at areas in Texas where you can find cheap homes, without sacrificing quality.

Texas Urban Centers

Cheapest Homes in TexasTexas has plenty of large cities; Houston, Dallas-Fort Worth, San Antonio and Austin, not to mention several moderately sized cities as well. Generally speaking, homes in and immediately around large cities are more expensive. The concentration of jobs and resources raises the cost of living and the prices of homes because they are viewed as more desirable. There is an exception to this “rule” though – foreclosures.

Cheap Texas Homes Outside the Big Cities

Clearly, once you head out of the big cities, prices start to drop. As long as you don’t mind commuting, or can work from home, some of the best bargains are to be found here.

Cheapest Homes in Central Texas – Stay close to some cities and still enjoy a small town welcome.

Cheapest Homes in Western Texas – Big Bend, the Chihuahuan Desert and a few bustling cities in the middle of wild and rugged country.

Cheapest Homes in Northern Texas - Slightly cooler than the lower part of the state, Amarillo offers city living and there is a lot of ranch country once you leave the city. Getting truly cheap, isolated land is difficult, but there are plenty of small towns nearby. Homes average $136,000.

A Few Final Thoughts about the Cheapest Homes in Texas

No matter where you choose to settle, finding the cheapest homes involves a bit of work and self reflection. Consider the following aspects of home choice.

Texas is known for its low cost of living and for not having state income tax, although property taxes can be high depending upon where you settle. This state is a great resource for those who are looking for cheap homes to buy.