Virginia-Western was first inhabited by the Paleo-Indians. Life was not easy. The climate was much colder at the time and people hunted the mastodon and musk beef to survive. Now, 12,500 years later, Virginia-Western is home to a population of 1.78 million (mainly white). Pepperoni rollers and stove corn bread are popular food dishes and jobs in mining are among those who see the most growth.
Discover: 5 types of houses that should fall in value by the end of 2025
Read then: how employees in the middle class quietly become millionaires – and how you can also
In 2025, Virginia-Western is the cheapest condition to buy a house. And it is perhaps the only state that remains “cheap” in the long term. A recent Renofofi analysis projected the value of houses in the United States in 2030 and revealed that the only state where houses will cost on average, on average, less than $ 150,000 is Virginia-Western. The price planned for a house in Virginia-Western in 2030 is $ 128,415. The next cheapest state is Mississippi, where houses should cost $ 153,610 in 2030.
Why is Virginia-Western Housing so cheap compared to the rest of the United States?
Trend now: The secret of Suze Orman has a rich retirement – Did you make this money move?
Overall drop in housing demand
Local prices for housing soar when demand increases. This is the main reason why certain states, such as California and Hawaii, are unaffordable, especially for new house buyers. Virginia-Western has a lower housing demand than most other states. For what? The reasons discussed below help to answer this question.
Discover: 5 cities where houses will be a total flight in 2 years
It is very rural – and it presents obstacles to access
About two-thirds (64%) of Virginians-Western people live in rural areas, and although rural life can be idyllic, it is with challenges. For example, health care resources are much more difficult to access in rural areas than in urban areas.
Residents of rural areas are also less likely to have health insurance. In addition, the more rural a rural place, the less access to food retailers, which contributes to food insecurity.
Poverty is plagued by Virginia-Western
In Virginia-Western, poverty is a serious problem. The US Census Bureau ranked 11 of the 55 Counties of Virginia-Western as “in persistent poverty”, with a poverty rate of 20% or more continuously in the past 30 years. Why so high? To start answering this question, we must indicate an increase in restrictions on aid programs, the prevalence of low -wage work and the decline in the growth of the main local industries such as coal extraction.
This 2030 house projection could be deactivated
Before you connect to this subject and let yourself be thought of all the reasons why houses in Virginia-Western are so cheap and should still be cheap in five years, consider this: Renofi’s predictions are not a safe thing. It is a forecast, not a fact, and this analysis opens up to a meticulous examination if we consider that the average value of the house in Virginia-Western on April 15, 2025, is in fact much higher ($ 167,589) than what Renofi projected in 2030 ($ 128,415).
The value of houses in Virginia -Western jumped 6.4% in the past year – which is massive and much more than what the desirable states have seen. For example, California has increased in the value of the house by 2.3%, and Florida really saw the value of the houses drop by 2.5%.
So, even if it is likely that Virginia-Western will remain affordable for house buyers, it may not be cheap forever.
More gobankingrates
This article originally appeared on gobankingrates.com: this is the only state where houses should be less than $ 150,000 in 2030
