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?

  • neidu2@feddit.nl
    0·
    9 months ago

    Around 50000$ equivalent.

    I’m in a tiny industrial town in western norway, and there’s this one house that nobody wants to buy because “fixer upper” would be understatement of the year. The price tag is mostly based on the property, whereas the house itself needs ro be removed.