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Boise still has relatively quite low housing costs. A 3/2 on a standard lot (about .16 acres around here) is going to be in the $150k-$200k range on average. The median sales price for normal homes (ie not condos or mobile or bare land) was just over $200k in March for Boise.
I grew up in a 6000 square foot beauty on 3/4 or an acre, with a pool and volleyball court. It is probably worth in the $500k range right now.
I think my area would be similar. However, salaries are pretty low so I personally feel the cost of living is a little high here. Your basic split levels/newer tract homes typically start in the 160's or 170's, which I feel is too high. However, it might just be my perception that those types of houses are more cheaply built. My personal budget was 150K, and for $10K under that I'm getting just under 1400 sq feet, three bedrooms, on bathroom and a single car garage in an older neighborhood. I've seen other houses in the area that have less than 1000 sq feet listed around $135K. I personally feel that's too high.
I live in a tourist area that is probably the most desirable area in the state. We also have no income tax.
This is why Texas is now becoming the catch all for all of refugees from aforesaid areas
In my immediate area of central Texas (right outside of Austin), the home prices are $300-600k. For $600k, you'll get a very large, non-cookie cutter house on a large lot. Our home was in the low $400s, and it is a character house on a half acre, 3700 sq ft. Thanks to the influx of transplants, the prices are rising at a rapid clip to the point of outpacing the salaries. Still, though, Texas is appealing to many because the cost of living remains lower and you get more for your money. Also love the sunshine too.
What's the average blue collar pay
What's the average professional pay
Those wages better be going up with house prices otherwise you're right back into stretch to buy territory. A 600,000 dollar loan is the same payment weather in California, NY or Texas
We love living in the LA are a but it us 600 k for 1100 square feet.....near great schools and thus is making us consider applying for jobs elsewhere when my husband is let go of probably in the next two years.
As a teacher I will never be making a fortune but at least we could buy a house fir less than 3000 a month. We have had Charlotte and Boise mentioned as nice places to live. Not sure what the job market is like but terrified of taking on a 3000 a month house payment for a pretty uninspiring house.....but we do love California and LA. Any ideas of nice places to move to?
I live on a private gated street. Their are five homes (including mine) which sit on one acre each with distant ocean views. All five homes are in the area of 2500-3000 square feet. In today's market, between 1.5 to 2 million each.
I just really do not want to lay thus game of paying a small fortune for a very average family home, when there are places in the US where you can get that average home and pay half of what they cost in California. But California is great...just not sure it is 3000 a month, live with the stress of always having to maintain your above average income, great.
I live in a nice, relatively safe inner suburb of New Orleans. Median home price in my suburb is around $200,000. In my opinion the homes in my suburb are mostly built in the 1960's-1970's, on a 5000-6000 square foot lot, not renovated, and range from 1500-2500 square feet. The cost of homes seems to be pretty closely aligned with the size of the home in square feet.
I don't see this area as particularly low priced but I know prices are better than what's available in some East and West Coast cities. I love looking online at what you can get in areas like southern Missouri, for example, because prices seem much lower there than they are here.
It's about all the other soft features that don't exist in any one house or on that lot.
In coastal California it's about sunshine too but it's about things like access to amenities
and schools and in particular access to the better paid jobs needed to afford those prices.
That concentration of income directly impacts the median price.
In the example given... that $400,000 home price should come with a $160,000 household income.
If that family wants a real chance in life... that $160,000 NEEDS to be from one earner.
What jobs (in Oxnard) reliably pay $160,000 per year?
Yes, exactly the point I was making. Where the "land" is located is everything.
About $100/sq ft for a nice neighborhood. Maybe as low as $75 if you don't mind being somewhere less popular, but still not scary. Prices on the coast are crazy. I have no idea how "regular" people do it.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Here in Sammamish WA the older (early 80s) homes are all on decent lots about 12,000 sf, and a smaller 3/2 fixer that has not been renovated can be as low as the mid 400s. Most are 2,500-3,200 sf and go for the $600-700 range. New homes are available in a few developments now under construction, typically 3,000-4,400 sf on 6,000 sf lots at $850k-2 million.
What's the average blue collar pay
What's the average professional pay
Those wages better be going up with house prices otherwise you're right back into stretch to buy territory. A 600,000 dollar loan is the same payment weather in California, NY or Texas
If you are making Texas wages, no they aren't going up as much as the housing these days. But you still get more for your money in Texas than in the places you mentioned. You don't have to have a $600k house to live nicely, with good schools, and many of the trappings. But this is soon becoming a mirage as the transplants pour in.
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