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12 Stellar Homes You Can Buy For $150,000 Or Less

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zillow

As the housing market recovers, today's home buyers are facing rising home values along with a major lack of inventory, according to a recent report by the National Association of Realtors®.

Today's median asking price in the U.S. is $181,500, but where consumers are left wanting is homes that fall even further below that price point.  

With help from real estate tracker Zillow.com, we've rounded up a list of great homes that are currently listed for less than $150,000––with mortgages under $550/month*. They're enough to make any cash-strapped renter second-guess their digs.

*Mortgage rates were estimated based on a 30-year fixed rate and 20 percent downpayment.

$149,900: Greenfield, Mass.

Est. mortgage: $544
Beds: 3
Baths: 1
Sq. ft.: 1,084
Lot: 0.20 acres
Year built: 1900 

This turn-of-the-century Victorian Farmhouse has all of its original charm, though "every owner has put their stamp on it," according to its listing. For the price, you get a formal dining room, living room, and a private backyard.



$150,000: Rowlett, Tx.

Est. mortgage: $544
Beds: 3
Baths: 2
Sq. ft.: 1,540
Lot: 0.17 acres
Year built: 1983

Swimming pools may not be the quickest way to get your house sold these days, but that's excellent news for buyers. It means you can get this three-bedroom Texan home with an in-ground pool (and diving board) at a below-average asking price. 



$145,000: Big Bear City, Calif.

Est. mortgage: $526
Beds: 2
Baths: 1
Sq. ft.: 780
Lot: 0.11 acres
Year built: 1956

Apart from locking in an awesome street address (912 Tinkerbell Ave.), families would love this quaint home's proximity to local schools.



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