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.
Source: Coldwell Banker Home Price Comparison Index
America's least expensive housing market
Minot, ND
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