Cities in the US where you can buy a decent home for $50k or less? (insurance, property tax)
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there are places where you can find small homes, I know of a town north of Tampa that has cheaper homes as well as a few one bedroom homes which would be great for retirees to live on only Social Security. Sadly many places have very little to no low income housing for older people so that's an option, you can always get a mortgage at any age too because they can't discriminate against you. There are also programs to help you fix up your house from HUD. Better to pay a $400 mortgage than $700 rent. And if you can get a 2 bedroom and can get a trusted friend to live with you, you can rent out the other room and live mortgage free.
OP, you can probably find a cheap home in almost any state, you need to narrow it down where exactly you want to live. Then you'll get better recommendations.
You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.
I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
We bought our home for under $50K in SW TN. Our property taxes began at $262 - YEARLY and are now below $250. We have 4 acres, added a pool, deck, and recently gutted and rebuilt the bathroom; we put a new metal roof on, added another room, installed a back-up generator and a safeshed (tornado shelter). The 3 bedrooms are small, but we have 3 outbuildings for storage. A friend from the north east is thinking of retiring here and I've been looking, there is still a decent market for $50K homes in this area. We took our time making the improvements but we're comfortable.
If you're looking for good schools, this is not the area. If you're willing to drive 30-45 minutes' commute, you can find decent jobs.
Location: Formerly Pleasanton Ca, now in Marietta Ga
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Originally Posted by Highpointer
You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.
I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
Saginaw is kind of a slowly dying blue collar city. It has a really high crime rate. That said I got my friend to invest in rentals and she bought seven in Saginaw. She grew up there and lives about 30 minutes north of there. The homes are pretty decent and cheap. You just need to know where the pockets are.
You may want to consider Saginaw, Michigan. I found this house as a potential good deal at $26,500, 4646 South Gregory Street. It is 1,232 square feet on an 8,276 sq. ft. lot, has three bedrooms and one and a half baths.
I've never been to Saginaw, but the above website shows other houses well below $50,000 in price. Why would houses in Saginaw be so inexpensive? It appears to be a good place to live, and one can buy a home without spending a lot of money.
Saginaw has been dying for years, unfortunately. Not a lot of jobs, the newer surrounding communities have taken most of the regional growth. We sold a relative’s home right by the high school a few years back and it’s just sad what has happened to it. If you can get work there it’s not a bad place to live, but it’s really not bouncing back in terms of economic development. That’s just moving elsewhere in Michigan, from all I can tell.
Saginaw is kind of a slowly dying blue collar city. It has a really high crime rate. That said I got my friend to invest in rentals and she bought seven in Saginaw. She grew up there and lives about 30 minutes north of there. The homes are pretty decent and cheap. You just need to know where the pockets are.
How much did she spend on the rentals and what are rents ?
I guess as long as one can keep the properties rented it’s ok if there isn’t high growth.
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