$21-PER-SQUARE-FOOT OR LESS: The 14 Cheapest Homes You Can Buy Right Now

Home inventory is low moving into the spring buying season, which has pushed prices up in a lot of places.

But you can still find a good deal if you know what to look for, like an area with a good cost of living.

Our friends at real estate listing site Point2Homes wanted to find the biggest bargains in the U.S., and came up with 14 listings in its extensive database that were $US21 per square foot or less. Some were as low as $US3 per square foot. (By comparison the average per-square-foot cost of new, single family homes in the U.S. in 2010 was $US84.41).

Most of the properties are fixer-uppers, but some are move-in ready.

This single-story home's in a safe neighbourhood.

Address: 3137 N Sherman, Indianapolis, IN 46218

Price: $29,899 for 1,660 square feet ($18 per square foot)

You can pick up this quaint home in a low-crime neighbourhood of Indianapolis for a small price. Built in 1930, the two-bedroom home is move-in ready.

Buy a budget home in a gated community.

Address: 1006 Via Grande, Cathedral City, CA 92234

Price: $25,000 for 1,828 square feet ($14 per square feet)

This two-bedroom, two-bathroom house in Southern California sits in a gated community with a clubhouse, pool, gym and tennis court. Although it's small, the property includes an office with built-in shelves and a large back patio. There's also a double attached garage with laundry and extra storage space.

Look into a small, but well-kept home.

Address: 2340 Brokaw Ave, Cincinnati, OH 45225

Price: $20,000 for 975 square feet ($21 per square foot)

Built in 1950, this home is a piece of quintessential Americana. It has three bedrooms and one bathroom, plus easy highway access to the amenities of downtown Cincinnati. There's also a rear deck in the backyard and an attached one-car garage.

This Chicago home has plenty of room to create a dream house.

Address: 7033 S. Morgan St, Chicago, IL 60621

Price: $20,000 for 3,427 square feet ($6 per square foot)

Despite needing interior remodeling, this is a great home for its price and location. It's close to the train and surrounded by parks. The house has five bedrooms, one bathroom, a full basement and an old brick coach house in the back.

Pick up a small abode in the desert.

Address: 4221 S 9th Street, Phoenix, AZ 85040

Price: $16,500 for 795 square feet ($21 per square foot)

This quaint little house in the desert has three-bedrooms and one bathroom. The tile flooring throughout is new and helps keep the place cool. The property still needs new paint and landscaping.

Buy a big house for a small budget.

Address: 705 South St, Savannah, GA 31405

Price: $16,500 for 2,086 square feet ($8 per square foot)

This four-bedroom, two-bathroom house sits on two city blocks. Built in 1910, the exterior has been well kept and should only need a few interior touch-ups.

This small house with a strong roof.

Address: 607 Elvira St, San Antonio, TX 78207

Price: $16,000 for 881 square feet ($18 per square foot)

This single family home is listed below market value for the San Antonio area. Built in 1994, the two-bedroom house needs some interior repairs, but has a strong exterior and roof.

Look into a starter home in need of minor renovations.

Address: 1251 Maddox Avenue E E, Fort Worth, TX 76104

Price: $15,500 for 1,162 square feet ($13 per square foot)

This two-bedroom home is great for starting a family. It has wood floors through most of the house and only needs more serious work done in the kitchen. Fort Worth is chock-full of universities and other good secondary schools.

This duplex is close to a college neighbourhood.

Address: 1404 & 1406 State Street, Little Rock, AR 72202

Price: $14,900 for 2,464 square feet ($6 per square foot)

This duplex has two units with two bedrooms and one bath each. One unit recently had new flooring put in while the other still needs renovations. The building sits near Philander Smith College, a private historically black college.

Take on an investment property.

Address: 2227 Stoneman Street, Dallas, TX 75215

Price: $14,00 0 for 1,750 square feet ($8 per square foot)

This house requires a significant investment to repair both the interior and the exterior. Its only saving grace is the price, below market value, and the location in Dallas County, close to vibrant cultural and educational opportunities.

Pick up this 4-bedroom fixer-upper with a pool in the backyard.

Address: 7705 Covedale Dr, Pine Hills, FL 32818

Price: $12,800 for 1,778 square feet ($7 per square foot)

A lot comes with this cheap house. Although it needs extensive interior repairs, and new doors throughout, the shell is impressive. The home has four bedrooms, two baths and a screen-enclosed in-ground pool in the backyard.

This old house sits in a great location.

Address: 2115 Montgall Avenue, Kansas City, MO 64127

Price: $6,000 for 1,510 square feet ($4 per square foot)

Built in 1905, this old house is just a few blocks from public transportation and a city park. It has a quaint interior with a fireplace in the living room and an immaculate kitchen with plenty of storage space. Outside the kitchen, repairs are needed to the floors, walls, ceilings and stairs.

Buy a fixer-upper with a big kitchen.

Address: 1239 Firestone Avenue, Memphis, TN 38107

Price: $5,900 for 876 square feet ($7 per square foot)

This tiny house sits squarely in fixer-upper territory. It needs new flooring throughout and has a den that needs new drywall. But the home includes two bedrooms and a large, open kitchen.

This brick house has an updated bathroom.

Address: 4801 Labadie Avenue, St. Louis, MO 63115

Price: $3,500 for 1,092 square feet ($3 per square foot)

This brick house built in 1913 makes good use of its small stature. It has two bedrooms and a recently renovated bathroom, outfitted for a handicapped resident. The walls and flooring in the rest of the house need a good amount of refurbishing.

If you'd rather rent, check out these cheap places

NOW WATCH: Executive Life videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.