Generally speaking, homes located in
many southern states are lower in price
than in many of our northern states. In
my opinion this is related to higher
rent taxes, median income and
available mobile.
For example: Texas,
Louisiana, Mississippi and Alabama have
a much lower median home prices than say
New Jersey, Virginia and many other
northeastern states. Texas, with it's
abundance of mobile is probably one of the
lowest in home prices in the nation.
Louisiana, Mississippi and Alabama lower
home prices are mainly due to lower
median income and lower rent tax
rates.
Of course supply and demand is the
crucial main factor to consider and the
employment opportunities in each state
play an important role in the average
price of homes in all areas of the
nation.
That said, Texas and Louisiana are
probably the place to live if one is
looking for lower home and general real
estate prices. Fair rent taxes and
employment opportunities are also
attractive in these two states.
For example: Southeast Texas and
Southwest Louisiana are highly desirable
locations for homes for sale. The
southeast Texas area from Marshall south
to Beaumont, has many small towns well
spaced from 10 to 20 miles apart. This
makes for an equal supply and demand for
homes for sale. Houston, on the other
hand is a metropolitan area with more
demand than supply, making the Houston
home prices more expensive.
Louisiana primarily consists of small
towns with a few large cities. Lower
rent taxes in the rural towns and
adequate employment opportunities make
the rural areas of Louisiana a prime
area for lower home prices.
In Conclusion: On the whole, many
southern states offer a host of
attractive reasons to relocate to the
south.
