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How cheap is the cheapest home for sale in your city/region? (lemmy.world)

submitted 9 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.ml

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In Utah County the cheapest "House" for sale is 600 square feet, 2 bed, 1 bath, at $300k.

So at current interest rate it would be $1,800 a month mortgage(assuming you put the 60k down payment! A decent amount more if you do 3% down.)

The cheapest condo/town in utah valley is 205k, 1,100 square feet, on a 400 square foot lot. But due to a $500 HOA fee the monthly cost is still 1,700 a month (assuming 20% down).

With 3.5% down they'd both be closer to 2.1k +PIMI.

So yeah, how is where you live doing?

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[-] Semi-Hemi-Demigod@kbin.social 3 points 9 months ago

There's no houses that small for sale near me, but the cheapest livable house is about 3x that size, 4br, 2ba, for $150,000, but it's a townhome. If you want a single family you're looking at about $200,000. Central Pennsylvania, USA

[-] Reverendender@sh.itjust.works 1 points 9 months ago

That sounds like a steal

[-] Semi-Hemi-Demigod@kbin.social 1 points 9 months ago* (last edited 9 months ago)

They’re definitely fixer uppers, and new houses here are going for $450k and up but they’re like 3,000 sq ft

this post was submitted on 23 Feb 2024

153 points (95.8% liked)

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