Key stat: A 4-bed, 2-1/2-bath house costs $132,333
The Rust Belt and small cities in the upper Midwest offer many of the nation's least expensive housing markets. A house in Minot costs about one-fourteenth what a similar home costs in Beverly Hills or Santa Monica.
Most of the least expensive cities have large tracts of cheap land on their outskirts, facilitating the development of inexpensive housing.
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Source: Coldwell Banker Home Price Comparison Index
America's least expensive housing market
Minot, ND
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