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Los Angeles area is about $700,000+ for 3bd SFH in a decent school district. (Culver City, Glendale, Pasadena, Burbank, Torrance) Near a million+ for an excellent one ( Manhattan Beach, Malibu, Santa Monica, Beverly Hills, La Canada, South Pasadena, San Marino, Arcadia).
Less for 2bd homes because of less square footage.
Less in an less than average school district but not gentrifying (Most of the South Central east SFV)
More expensive for a less than average school area but gentrifying (NELA, Most of the Central LA core area and west SFV.
You'd be surprised how much homes are sold for in Inglewood and Compton and parts of South LA this past year. Check out sites like Trulia or Redfin
Hell, I looked at Long Beach and was shocked at the prices.
Yeah, for a school district between, say, 20-40th in Eastern Massachusetts, you're looking at $500k and up for a 3 bdr stand alone home in an outer ring community. Make that $750k within the inner ring of downtown Boston, and closer to $2M for immediate surrounding suburbs.
Some outer ring suburbs with good schools will allow for $400k, but the commute is definitely going to be more than 60 minutes to Boston. Towns like Littleton, Tyngsboro, Norfolk as examples, but they're very rural and small.
In Raleigh, you could live in a house that meets your specifications for $250K-$300K. Schools are certainly decent in Cary and you have big employment hubs all around you: Durham, Cary, Raleigh, Chapel Hill.
Sometimes, it's the best available option. My limit is honestly an hour each way, anymore, something has to change. But, it all depends.
So far, Charlotte looks like a gem and I expect Raleigh is right in line with Charlotte.
Wow, Denver must have blown up... I did it (with a 3-car garage) for $180k back in 2009, mid-bubble... not that Denver was hit too badly. Sold that house in 2011 for $170k with an emergency life change.. :/ Cripes, Zillow puts it at $364 now though.
Anyway, sounds like you want URBAN ONLY since you're talking about commuting to "downtown". If you're more open to rural, then my current place was $60k. Historic 1930 house, double lot, 35 minutes to 4 different "big towns" with tons of different work.
Quote:
Originally Posted by Gaylord_Focker
Correct. 60-90 minutes to downtown.
45 miles/60 to 90 minutes to downtown is not even close to URBAN ONLY. Well, unless that happens to get you into a totally different city, which is entirely possible in some locations.
All are within 20-25 minutes or so, if that. 38% or so of the employment in the area is within 0-3 miles of the core(Downtown, University Hill, etc). Keep property taxes and potential exemptions in mind.
Los Angeles area is about $700,000+ for 3bd SFH in a decent school district. (Culver City, Glendale, Pasadena, Burbank, Torrance) Near a million+ for an excellent one ( Manhattan Beach, Malibu, Santa Monica, Beverly Hills, La Canada, South Pasadena, San Marino, Arcadia).
Less for 2bd homes because of less square footage.
Less in an less than average school district but not gentrifying (Most of the South Central east SFV)
More expensive for a less than average school area but gentrifying (NELA, Most of the Central LA core area and west SFV.
You'd be surprised how much homes are sold for in Inglewood and Compton and parts of South LA this past year. Check out sites like Trulia or Redfin
You can find something under 500k in Anaheim, Ontario or the IE.
I think with 60-90 minute commute, you can go pretty low in any area of the country. In Chicago, for example, you can find decent schools and a SFH for as low as $150k if you go 60+ minutes outside of Chicago.
I'll use 45 miles from the city center as my gauge.
Chicago will be ~$275k to get into a 3 bdr in a very average school district, though that can quickly double in the most desirable towns. In a Bolingbrook/Wheeling/Westmont tier of town, $300k gets you a decent house in a decent neighborhood.
300k is a reasonable figure in Chicagoland. It’ll get you something decent in Schaumburg, Arlington Heights or Des Plaines.
Agreed. Still arguably the best bang for your buck among any major city. Certainly of the ones I've lived in.
I completely agree! Of the mega metros, Chicago is at the top of my list. Its relative affordability is key to that.
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