Housing cost....


Jeramie

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I didnt want to hijack shawn's thread any longer, sorry Shawn.

Looking at pricing of housing, what does an average house in your area cost? Let say roughly 1500-1800sqft on an acre?

Around here you can get a newer home on an acre for roughly 85,000 to 90,000. You can very easily buy a 100+ ranch with barns, house, etc for $200,000. 1500sqft houses in city limits can easily sale for 60k.

A friend of mine just took a Principal (notice the correct usage Chris) job in Pretty Plains Kansas. He bought a 2000 sqft home for 85k or somewhere in there. Its even cheaper in that neck of the woods.

A few years back my wife and I flew into Newark, NJ. We had to catch a bus into NY, NY every day. The guy driving showed us a small house that would sale for $40,000 around here. He said he had looked at it but the price was 3/4 of a million. Granted it was over by the Bud Factory and the Newark airport but I about fell out of my chair!

So what is the housing in your area?

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Re: Housing cost....

We just sold a house that was 1400 square feet on a 3/4 acre lot for $202.000.00. It all depends on where you want to live. Here in western Montana the housing market is totally out of control, but in the eastern part of the state housing is cheap. We are currently building a new home, 1500 sq ft on a daylight basement and the cost to build is $200,000.00, but when finished, sitting on 6.29 acres that borders Forest Service it's value will be close to $500,000.00. It is kind of scary.

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Re: Housing cost....

[ QUOTE ]

Jeramie, Down here it really depends on location. Closer you are to the lake the higher it is.

[/ QUOTE ]

Same here. Thats due to land cost. A good lake lot will cost you roughly 25-30k. That ups the price. I bought an acre on the river at Chouteau Bend and payed 12k for it. My neighbor, right now, has 3-acres he wants to sale me for 20k. I also have some land behind me that I really want but cant afford right now. Its just over 8-acres and would cost me $40,000. Thats pretty expensive for around here.

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It is All about Location!!!

I live in Central NY. The house we bought here is by no means extravagant. In this area they are commonly called "Camps". Typically they are smaller, older homes, that are just used during the summer months.

What made me move from Florida and my family there.....3 bedroom, 1 bath, approx 1800 sqft, 6000sqft lot, separate garage, one street from Oneida Lake: $16,900

HomeBase.jpg

My brother who lives in Morristown,NJ is paying $1,400 a month rent on an apartment. I went down to visit him a few months back...He was looking at a Studio Apartment in Manhatten $800,000 shocked.gif

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Re: Housing cost....

Too many variables Jeramie. A nice home in town on a decent sized lot in a nice area around here will run you well over $100,000. then you can go across the tracks and have a home the same size in fair condition that will run you about $40,000, but you dont find any of those homes with much land to speak of.

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Re: Housing cost....

I bought my home a year ago. It is older but in pretty good shape. 1200 sq ft, on a 60x120 lot. I paid 60000 for it. But I could probably sell in now for 85000.

You can build 1800 sq ft home around here for about 180,000. The land is what gets pricey. In a nicer subdivision 1/2 acre lots sell from 20,000 to 80,000.

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Here in Western New York I just bought a new home and am selling my current. My current house was built in 1989 is 1,200 sqft on 0.25 acres and sold for $140,000. My new home a 1974 2,250 sqft on 1 acre was $240,000. And we will be putting between $25,000 & $35,000 in renovations before we even move in because it is a 1970's home and has not had any updating.

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Guest Andrea

Re: Housing cost....

Some of those prices are CHEAP!!!!!!

Here it is ridiculous. And don't even ask me about beach property. We're talking in the MILLIONS for just the land. crazy.gif

A little farther north where I am you can buy a small 1200 sq. ft. home on a 1/4 acre lot for around $180,000.

Get away from the neighbors and buy a small house on say.....2 acres..........you're looking at $190,000 - $300,000.

Quarter-acre lots with no houses in some areas are currently going for $45,000 - $65,000.

INSANE!!!!!! crazy.gif

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Re: Housing cost....

Depends on the location, up north overlooking Lake Michigan lots go for a million, then again the houses are unreal, rich area up near Traverse City area/Benton Harbor.

In my neck of the woods, a country lot (1 acre) goes for around $30,000.

Houses depend on the area too, lots of subdivisions going in with 2100 to 2300 sq. in the $230,000 to $260,000 range.

Lots of houses in the $160,000 around 1800 sq. ft or so. Acreage makes the cost go up.

I was surprised at what Shawn was having to pay but that is all based on demographics and the area and those willing to pay that amount.

I wish him well on his new house!

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Re: Housing cost....

A nice 1800 sq.ft. house with a basement and an acre of ground around here would be at least $180,000.We bought our house about 7 years ago for $82,000,but it is only 1300 sq. ft. 3 bed,2 bath with a small yard and on a crawl space.Now it would go for about $120,000.

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Guest Ritzer

Re: Housing cost....

wow none of yalls prices are too bad compared to where i live. we go to one of the top five public schools for sports and academics in ga and they just buit a new neighborhood right by it. the lots are 3/4 of an acre, the houses are mainly 4 bed and 3 bath 3 sides brick and they START AT 900,000$.

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Re: Housing cost....

In Goldsboro, NC - I just bought my house, just under 2100 sf, 3 bedrooms plus bonus, 2 full baths and almost an acre lot for $182K.

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Re: Housing cost....

OK...I live about 50 miles from NYC,Ground Zero. Rockland county,NY

I live on the New Jersey side of the Hudson river in NY.

If you can find a house with an acre on it around here...good luck. I live in a 1800sqft ranch styled home. I have roughly a 1/3 of acre (78'X161') everyone on my block has just about the same property. But....My backyard and side of the street backs up to a old reservior which is loaded with deer to bowhunt,grin.gif But thats another story.

But the answer to your question, a 1800sqft home with 1/3 of an acre will cost you here about 450K. PLUS...approx $8000 a year in town county and school tax, with the school tax being more than 1/2 of that tax bill mad.gif

We are on the verge of a 47% school tax increase here!!! YIKES!!!. Our school systems budget was based on 2 power plant assesments, they challenged the assesments and won a judgement of $236million! Our town has to pay it back, so to get it back they have to raise the school taxes by 47%!!! Its time for another Boston Tea party.Its a killer to live in the METRO NY area. You make good money, but you don't get to keep ANY of it!

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Re: Housing cost....

Just moved into a new 1500 sq ft ranch with attached tripple garage and finished basement on a piece of land in my pasture I already owned. Start to finish just construction, cabinets, furniture, etc just the house was 165,000.00. If I built in a subdivision or town or a development the same house would have cost me just over 200K

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