Price of a house?

Question

Could someone buy a 4 bedroom 3 bathroom house for 150,000-200,000 dollars? (imagine that I had this kind of cash on hand) And not have any morgtage. If so where (in the general sense, I'm not looking for a particular house as of yet).

What I'm really looking for is your opinon on how realistic it would be to buy a house for that price and if it's possible. What state in the US would be best, (because I know houses and land are cheaper in some places)

Answer 1

"Hottest 10 Buyers Markets
Powered by rich expansionary growth and booming local economies, Housing Predictor's list of the Hottest 10 Buyers Markets in 2007 shows there are still strongly appreciating real estate markets in the U.S.

Albuquerque, New Mexico is Housing Predictor’s selection for the Number 1 spot on the Top 10 list. Bulging with a population nearing a million, Albuquerque is growing like never before, attracting the movie business from Hollywood, a new airplane factory and many other new businesses.

Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on surveys conducted on 75 markets under consideration from more than 250 local housing markets forecast on the web site. The highest amount of forecast appreciation during the remainder of 2007 was given the heaviest weight in the survey. Market conditions, sales velocity, pricing and more than 20 other factors were also considered.

Five Texas markets are included on the list, including McAllen, which placed second. In early 2006 Housing Predictor forecast the current boom in Texas.

Salt Lake City, Utah placed third. Although Salt Lake is witnessing its market begin to slow down from its frenzied pace, the brakes won’t hit strong enough until late this year, keeping the market at a rich stride through the end of the year.


Rank Real Estate Market Median
Price 2007 Forecast
1. Albuquerque, NM $194,000 9.1%
2. McAllen, TX $112,000 8.9%
3. Salt Lake City, UT $241,000 8.6%
4. Austin, TX $174,000 8.2%
5. Seattle, WA $380,000 8.2%
6. Houston, TX $148,000 7.8%
7. Biloxi, MS $204,000 7.5%
8. El Paso, TX $132,000 7.2%
9. Portland, OR $241,000 6.7%
10. Dallas, TX $161,000 6.4%

The Hottest 10 Buyers Markets represent growing local economies, which are sure to foster growth into 2008 and some even into the following decade.

Austin, Texas placed fourth, followed by Seattle, Houston and Biloxi, Mississippi, which is experiencing its largest growth in history with new condominium developments following the devastation of Hurricane Katrina. El Paso, Texas, Portland, Oregon and Dallas round out the list at the half way point of 2007."

Housingpredictor.com also does state by state analysis.

Answer 2

In areas near NOVA (Northern VA) in your dreams!!!! We just got a 1500 sq foot 3 bed 1 bath with full basement for the low price of $166,000. A house on our street is on the market for $260,000 for 4 beds 2 baths and needs to have the kitchen re-done and may need some other up grades. Our place is appraising at $198,000 and is move in ready. We are about 1.5 hours from NOVA but we have a ton of commuters in the area now. 10 years ago we could have gotten a huge house plus several acres of land at this price. It all depends on where you live and what you view as move in ready (for me that means I don't have to do one thing to the place other than bring in my things-no painting, plumbing, etc).

Answer 3

Yes, there are MANY areas in the US where you can purchase a house of that nature for $150-$200K. However, if you are still a member of the workforce, bear in mind that such areas do not come NEAR to the wage paid averages in areas such as NYC, Philly, or similar.

Answer 4

Come to SW Missouri, around Joplin or Springfield. You can buy a VERY nice place in that price range here.

I've got a 2,900 sq ft 5/3.5 that I'll happily sell you for $160k!

Answer 5

Surrounding suburbs of Detroit MI, check out Realtor.com and search in that price range

Answer 6

i guess it all depends on where you move to I live in Laguna Niguel and homes are more expensive but its worth it! very nice area and i love my home... if you are not looking to have a mortgage you would have to go to like missouri, michigan, or even further out into the desert in california.. if you decide to move to orange county heres the realtor i used, he was awesome and will take care of you
http://www.stevemarowitz.com/

Answer 7

Try Kansas or Wyoming, maybe somewhere in Cleveland

Answer 8

There are LOTS of homes in my market area that are in that range!

Ohio

Answer 9

i think there is a couple cheap igloos up in alaska