The place in Zhejiang with the lowest housing prices is generally considered to be the rural areas or smaller cities outside of the major urban centers. These areas often have lower demand for housing due to fewer job opportunities and amenities compared to cities like Hangzhou or Ningbo. According to data from the Zhejiang Provincial Bureau of Statistics, as of 2023, the average housing price in rural Zhejiang is significantly lower than in urban areas. For instance, the average housing price in rural counties such as Jiaxing and Yiwu is around 6,000 to 8,000 yuan per square meter, whereas in Hangzhou, it is over 50,000 yuan per square meter. This discrepancy is primarily due to several factors.

Firstly, the cost of living is generally lower in rural areas. The cost of housing, utilities, and daily necessities is cheaper, which naturally drives down the overall housing prices. Additionally, the supply of housing in rural areas is typically higher than in urban centers, leading to increased competition among developers and, consequently, lower prices. The lower population density also means that there is less demand for housing, which further contributes to the lower prices.

Secondly, the government's policies play a significant role in determining housing prices. The Chinese government has implemented various measures to control housing prices, particularly in major cities. These policies often target urban areas, leading to a relative increase in housing prices in rural regions. Moreover, the government has been promoting the development of new towns and satellite cities to alleviate the housing pressure in major cities, which has also contributed to the lower housing prices in rural Zhejiang.

Lastly, the economic structure of rural Zhejiang also influences housing prices. Many rural areas rely on agriculture and traditional industries, which do not generate as much wealth as the technology and service sectors in urban areas. This economic disparity leads to lower income levels and, subsequently, lower demand for housing.

In conclusion, the rural areas and smaller cities in Zhejiang have the lowest housing prices due to lower cost of living, higher supply of housing, government policies, and the economic structure of the region. These factors collectively contribute to the affordability of housing in these areas, making them attractive options for those seeking more affordable living arrangements.