A lot of truth in SeaDart’s statement here;
Many people have seen low prices in states like Idaho, Nevada and Wyoming, and transplants move in from the coasts with lots of money from real estate deals etc and begin driving those prices up.
They HAVE seen, Past tense. There are not many “user friendly” places left in the Rocky Mountain states or in Nevada for prices I’d call good deals.
32 years ago I bough my place on 40 acres here in Wyoming for $74,000. It’s valued now around $450,000. Not that I’d sell it ---- because it would take that much or more to get a similar place anywhere out here that I’d consider moving to.
And “nice” is a word that means no challenging conditions or harsh conditions in most folks minds. If you don’t like wind and you think extended periods of -30F are bad, you’d probably not like it here. (Like MOST people, which is why Wyoming is the least populated state in the USA.)
BUT with such conditions comes the blessing of less crowding and less government involvement/harassment as a rule. Not that we don’t have any of it. We do. But far less then anywhere I have ever lived before which is why I moved here 30 years ago.
And Wyoming is not the only such place. Many states have their out-lying areas with hard access at times, some very hot, some very cold, some choked with insects, and many with extended drives at times to get to any place you can go for large stores, restaurants, theaters, malls and so on. But “nice” and “inexpensive” don’t usually sit very close to one another.
Heck the largest concentration of Billionaires on earth is here in Wyoming. Jackson! 40-45 years ago a lot of millionaires moved there, by the hundreds, and drove the tax structure and pricing so far up that most regular people had to move away, and now in the last 20 years Billionaires have done the same thing to the many hundreds of millionaires there. There is something to be said for an area where most millionaires can’t afford to live. But Jackson Wyoming now has the most Billionaires per-capita of any place on earth. So despite it’s being in a “nice” area, it’s unlikely most of us could live there. So we have the 2 extremes here. Some of the state is a bit like stepping back into the early rural 1900s and Jackson is super wealthy.
But going to a place where the housing is low in cost will usually mean it’s less convenient or less safe, or less temperate, or less something. Which is the reason the housing doesn’t cost large amounts of money in such places. Stated simply, most folks don’t like it there and would not live there if they could move.
What you do for a living is vital. If you have your money, or if you earn your money in a way that your location doesn’t matter, going someplace with low cost of living is best because you will not need to find a well paying job. When I moved here I needed 4 things for my business. I make old fashioned guns, like those made 180 to 300 years ago. So I needed #1 A place I can shoot. #2 Electricity. #3 A working phone. #4 A system where I can receive and ship things from, at least most of the time. (UPS, Fed-Ex and US Postal Service) I have all those here, most of the time. #1 All the time. #2 nearly all the time, my longest power outage was about 3 days. #3 Phone Outages have beset me only about 7 times in the last 30 years, from a day or so and a few times, for up to 5 weeks. And #4 I have been cut off from shipping and receiving only 4 times in all the years I have lived here and the longest times was as bit over 2 months. Most times its maybe 4 days.
Many would think such limitations are too sever to tolerate. And that’s why when I moved here I could buy a small 12 year old home and 40 acres for $74,000. “Improvements” by the county and by others new home builders not too far away (within 2 miles) have made access a lot easier and so now I have turned down offers as high as $600,000 when the bubble was at it’s highest. But I need not go find a job. I am the job. I have had a backlog on my work with custom orders as long as 8 years for several decades. I say all this simply to illustrate that where someone moves to is based on several factors.
How much does it cost to buy?
How much does it cost to live there?
How much money or potential for earning money can you bring with you, or earn there?
How much “convenance” do you require?
How much inconvenience or danger will you tolerate?
The hard but simple truth is that for the most part, nothing but God’s salvation is free.
Everything else costs everything else.