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

submitted 7 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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[-] mke_geek@lemm.ee 4 points 6 months ago

There's 41 houses/duplexes for sale in my city at or under $50k. The lowest are listed at $5,000 but someone could probably buy it for less. The city also provides $20,000 in money to fix up any of the houses they own.

[-] cujo255@sh.itjust.works 3 points 6 months ago

Detroit?

[-] lonerangers1@lemmy.world 2 points 6 months ago* (last edited 6 months ago)

zillow says there are 379 houses in detroit under $50k

also 77 multifamily structures

this post was submitted on 23 Feb 2024

152 points (95.8% liked)

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