This Is The Cheapest Town In MN To Buy A House, Study Says

ELMORE, MN — Could you live in Elmore, a town in Minnesota with a tiny population of 442?

Would your answer change if moving to Elmore meant you could shave tens of thousands of dollars off the price of a home?

The personal finance website GOBankingRates used data from the Zillow Home Value Index and U.S. Census Bureau population data to find the places in all 50 states where houses are a steal.

According to Zillow, the average single-family home in the United States is valued at about $367,711.

Compare that to $73,383 in Elmore, Minnesota.

For example, one 4-bedroom, 2-bath home with over 3,200 square feet is listed at $90,000.

Another three-bedroom, two-bath home, recently reduced in price, is available for $199,000. For buyers willing to trade urban hustle for small-town quiet, Elmore offers serious space for a fraction of the national average.

The smallest place on the list is Brian Head, Utah. Originally known as Monument Peak, a town of 49 with a history rooted in exploration and logging. Also with populations under 100 are a pair of former mining towns often described as “living ghost towns”: Austin, Nevada, population 47, and Johannesburg, California, population 77.

Other specks on the map with populations under 500 include Bly, Oregon (population 123); Davidson, Oklahoma (159); Medicine Lake, Montana (190); Kitzmiller, Maryland (192); Lyon Mountain, New York (240); Drake North Dakota (245); Mystic, Iowa (257); Roxobel, North Carolina (347); Whiteface, Texas (390); Bowie, Arizona (399); Pierce, Idaho (465); and Lind, Washington (491).