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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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[–] RBWells@lemmy.world 2 points 9 months ago

In the city at large, I see the cheapest apartment 750sq feet for 18k but you can be sure the whole building is falling down; cheapest empty lot $30k 2,500 sq feet (so maybe do-able if you can build up 2-3 stories, since you aren't actually allowed to build out to the edges of the lot).

Cheapest actual detached house in my 'inside the city, close to work and everything' neighborhood is an eye watering $440k and 1,500 sq feet, cheapest for sale apartment 700 sq ft $140k.

Most EXPENSIVE house in my neighborhood $2,250,000, and most expensive house listed in the whole city, add another zero to that price.