How cheap is the cheapest home for sale in your city/region? - Lemmy.World

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?