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?

  • 56!@lemmy.ml
    3·
    9 months ago

    (£1 gbp = $1.27 usd = €1.17 eur)

    Cheapest land - £15,000 (0.56 acres)

    Cheapest “house” - £50,000 - The dwellinghouse may be suitable for renovation or as a building site for a new property

    Cheapest livable house - £85,000 - looks like it was lived in at least.

    Cheapest flat - £85,000 (1 bed)

    Church - £100,000 - The adjacent cemetery is not included in the sale.