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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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[-] Encromion@sh.itjust.works 2 points 6 months ago

Handful of townhouses for sale. Cheapest is $225k for 2 beds/1 bath, 1100 sq.ft. The others for sale are about 20k more expensive and are bigger (and there are some that are $$$).

One of the older (60s?) homes in the area is for sale $525k. It's 3 bed/3 baths, 2100 sq.ft. and an ingroind heated pool and half an acre. This is far too cheap for the area so it might be a divorce or something.

Most lots go for about 400k and other houses are 600k. This is in one of the big upper middle class suburbs in the Midwest

this post was submitted on 23 Feb 2024

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