The state with the cheapest housing prices in the United States is typically West Virginia. This state consistently ranks at the bottom of national housing price rankings due to a combination of factors including lower demand, a stable supply of housing, and a slower rate of economic growth compared to other states.

The reason for West Virginia's low housing prices can be attributed to several key factors. Firstly, the state has a lower population density compared to other states, which leads to less competition in the housing market. With fewer people looking to buy homes, the demand for housing is lower, which in turn drives down prices. Additionally, West Virginia has experienced a decline in the coal industry, which has been a major employer in the state. This has led to a decrease in population as workers have moved away in search of better job opportunities, further reducing demand for housing.

According to data from the U.S. Census Bureau, the median home value in West Virginia was $128,800 in 2020, significantly lower than the national median of $310,800. This disparity is also reflected in the cost of renting, with the median monthly rent in West Virginia being $780, compared to the national median of $1,050. These figures highlight the affordability of housing in West Virginia compared to other states.

Another factor contributing to West Virginia's low housing prices is the state's lower cost of living. The state has a lower cost of goods and services, including groceries, healthcare, and transportation, which can make housing more affordable for residents. Additionally, the state government has implemented various programs and incentives to encourage home ownership, such as tax credits and low-interest loans, which can help make housing even more accessible.

In conclusion, West Virginia is the state with the cheapest housing prices in the United States due to a combination of lower population density, a decline in the coal industry, and a lower cost of living. These factors have led to a decrease in demand for housing, resulting in lower prices for both homeowners and renters.