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?

  • Got_Bent@lemmy.world
    1·
    7 months ago

    There are some very small houses in my neighborhood that can be had for under $150k so long as you’re ok with them falling off their foundation, the occasional holes in the roof, and the infestations.

    My house is a total ground up rebuild at a whopping 730 square feet on an eighth acre lot that I bought a little over a year ago for $230k.