5 Most Underpriced Housing Markets in the U.S.

2. Mississippi

Median Home Price: $141,900

Mississippi is historically known as being one of the largest cotton producing areas in America. It was admitted to the Union in 1817 and the state is one of the least developed areas in America in terms of education and health. This also makes Mississippi one of the smallest state economies in America. Much of Mississippi’s woes are traced to the Civil War. Before the war, it was one of the most prosperous regions in America, but ended up lagging behind in development in the post war era – after it incurred significant financial and manpower losses in the conflict.