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.
See the rest of the story at Business Insider
Please follow Your Money on Twitter and Facebook.
