this post was submitted on 18 Oct 2023
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But what should be a starter home is also increased...unless you like manufactured homes...which is also expensive >.>
Not sure what you are talking about. Starter homes are still the same. Basic features, unfinished basement, no garage, 2-3 beds, 1-2 baths, likely 20-30 years old and requires some repairs.
Typically will be farther out of the city. It will be a longer commute but still within city limits. It will have some amenities nearby but not exactly on main street, but enough to suffice.
For most large cities I have looked at, usually is in the range of 150k to 250k. Totally affordable for someone making a decent wage of 50k+ to save up the down payment of 7.5k to 12.5k over the course of 1-2 years.
Where I'm at even manufactured homes are being built and starting at 100-200k. Shoot, my 50yo house was 400 and is now estimated to go for 500k which is wild to me after living here for a while.
I wish I was closer to where you're at 😂
Edit: my house isn't too crazy either. 1 car garage, 1 1/2 bath, 1300sq ft