While recently pulling data for this month’s Trends Report, I suffered a bit of sticker shock when I learned that the median list price for the ‘Typical American Viewed Home’ in September was $310,000! Now, that may not seem like a lot of money when you’re in the Bay Area, but in Smalltown, USA where I come from, median list prices are about a third of that.
So I started to wonder - what can you get for $310,000?
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Well, in my hometown you can get this 3,340 square foot, 4-bedroom, 3-bath brick beauty.
Tulsa, OK 3,340 SF 4BR/3BTH $310,000 |
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Or, if you prefer wide-open spaces, how about a ranch home in Missoula, Montana? This house sits on more than one acre of land and has a hot tub on a back deck surrounded by trees. Talk about swimsuit-optional!
Missoula, MT 1,486 SF 4BR/2BTH $309,900 |
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Is big-city living more your style? You might like this studio co-op in New York, with 9.5′ ceilings and hardwood floors. You won’t have to sacrifice style for storage space because this studio comes with a 50 cubic foot storage cage.
New York, NY Studio, $310,000 |
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Looking for something larger? In Miami, you can use your $310,000 for a 20%-ish down payment on this 5-bedroom ‘fixer-upper’. With vaulted ceilings, french doors that overlook the pool area and separate guest quarters, can you imagine how awesome this house is in it’s prime?
Miami, FL 3,456SF 5BR/4.5BTH $1,549,000 |
Want to know what $310,000 will buy in your neck of the woods? Check it out!
Popularity: 14% [?]
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October 12th, 2007 at 6:21 am
Melissa,
Thanks for this perspective. I am an agent in the fairly expensive area of Northern Virginia–a suburb of Washington DC. When I have clients come in from Smalltown, USA, it is helpful to keep in mind that they are either going to pay a lot of extra money or accept a much smaller house. This perspective on their situation will keep us agents from looking at them like their expectations are crazy.