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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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[-] ericbomb@lemmy.world 5 points 9 months ago

When I was little (just 29) you would hear a price like that for the mini mansions up on the hill.

I can't imagine how absurd it seems for people old enough that they bought their first home for 20k back in the 70s.

this post was submitted on 23 Feb 2024

153 points (95.8% liked)

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