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You could get a very basic starter house in a far-out suburb for that, or a very small cottage (1k-1.3k sq ft) in a closer suburb. For less than that you could buy an old small house in not-so-great areas of town. I know someone who bought their house for $85k, but I would not live in that neighborhood. The median house price in Dallas is very misleading, as houses in decent neighborhoods are not cheap and houses in good neighborhoods easily top $250k and if you want to live in Dallas's nicer neighborhoods, plan on dropping at least $300-$400k for a house. I guess we have a lot of not-so-nice areas dragging the median down.
Location: Danbury CT covering all of Fairfield County
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You can get a 2 bedroom 1 bath ranch condo with about 1025 square feet with a little storage room in the basement, no garage, no central air, built in the mid 1980s about 20 minutes northeast of the main city in my area.
There are lots of these but hang onto your hat if you want property insurance because it will be very high and you will consider yourself lucky if you can buy it at any price.
You will pay for for insurance than the mortgage payment.
Where's there? We pay about $1500/year where we live (a couple miles inland, 40 feet above sea level) for an ordinary brick ranch, and I think that's actually pretty reasonable considering the hurricane history for these parts. The townhouse I pulled up would run another $300-$500 a year because it's low enough you'd want flood insurance.
In my market you could get a nice Brand New 1500-1600 Sq. ft. home in a nice subdivision in the county close to everything but no city taxes. 3 bed room, 2 bath, 2 car garage, .25 acre lot, city water and sewer.
If you wanted something older you might go up to 2000 sq ft.
The post from Dallas is a little deceptive. There are plenty of places in nice suburbs where you can get a three bedroom, 2 bath brick home with 2-car garage for that amount -- even some of the new home divisions. If you are at all open to this area (I know I know -- not anywhere NEAR a beach!), you would be able to find lots of options. Good luck!
You could get a very basic starter house in a far-out suburb for that, or a very small cottage (1k-1.3k sq ft) in a closer suburb. For less than that you could buy an old small house in not-so-great areas of town. I know someone who bought their house for $85k, but I would not live in that neighborhood. The median house price in Dallas is very misleading, as houses in decent neighborhoods are not cheap and houses in good neighborhoods easily top $250k and if you want to live in Dallas's nicer neighborhoods, plan on dropping at least $300-$400k for a house. I guess we have a lot of not-so-nice areas dragging the median down.
I bought a home in a very nice older neighborhood in Dallas for a lot less than $250K -- less than $150K in fact .... I love my neighborhood, and I love my home. Now, if I had children, I would not put them in the Dallas school district, but I have friends who moved to Coppell from my neighborhood just for the schools and tell me all the time how much they miss living where I do.
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