Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
For young people trying to get a starter home, how much will $150k +/- get you in your area? I know that it's hard to find properties in this range in some area, but sometimes one will slide in.
There are no "starter homes" in Miami lol. You either go to college and move somewhere else or you stay home until you get pregnant and have to rent an efficiency. Most people that grow up here will never own a home, "starter" or otherwise.
In Brevard, you can get a 1950s/60s ~1000sq ft. 3/2 with a carport for $150k if it's a C-tier area or above. Maybe a garage if it's a fixer upper. A new 3/2 is closer to the $200k range
150k being a "starter home" plays a big part in the financial ills of this country. As a middle-aged person with a family and has "owned" (payed banks money to play make-believe in other words) a couple of homes, 150k is still that absolute max for me as long as wages continue to stall out and not remotely keep up with housing "prices". I'll let others play roulette with artificial bubbles. Sorry, I have an extremely negative attitude concerning how we view housing in this country and the absurd emphasis we put on a warm place to sleep basically. I'm not against nice comfortable homes, but not at the expense of sanity.
I have and will move out of state to keep it well under 150k if necessary. Wages aren't all that different for me no matter where I go so might as well keep it on the cheap.
For now, I don't have to and that will afford 1500 sqft of a fully renovated historic home in a cool area within walking distance of downtown and the beach (Great Lake) or a similarly-sized rancher that's been updated. As long as modern humans have an aversion to shoveling a little snow, things should remain reasonable around here.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,576 posts, read 81,186,228 times
Reputation: 57813
Nothing at all, even an older condo is going to be 4 times that much. Doing a search of the usual sites, I found a few small vacant lots, and a couple of trailers in trailer parks for $150k in outlying areas, but no houses.
In Chittenden County, Vermont... maybe a trailer. On leased land. Hard to find anything in the state for $150k that isn't at the very least in need of serious work.
OTOH even Burger King pays $15 to flip burgers here. I find home prices to be very reasonable, given how much higher average wages are than in the Midwest.
Some might need updating if you're so inclined, but I'd move right into any of them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
