See Homes for $170K and Below in Metros Where Values Are Rising (Yes, Rising!)
The battered housing market saw a glimmer of hope last month when it was reported that for the first time in five years, homes values are rising. The blip on the screen is not huge — the increase was 0.1 percent from June to July, according to the latest report — but it was an increase, nonetheless.
In looking more closely at the housing data, 25 metro areas in particular have seen a little more of a jump, boasting two consecutive quarters of home value appreciation. There are many recognizable locales, including Fort Myers, FL, Pittsburgh, PA, Battle Creek, MI, Durham, NC, Boulder, CO and Knoxville, TN, to mention a few.
While it doesn’t mean that the nation is quite out of the woods, there are places where you can snag a house for the current median home value of $172,600 and expect a return on the investment. Below are 10 cities from the list where we found homes priced at $170,000 or below.
The second-largest city in Washington, Spokane is relatively inexpensive compared to many of the larger cities in the state. The metro area has had two consecutive quarters of appreciation (1.9 percent and 6.6, respectively) and median Spokane home values have risen 0.6 percent year-over-year.
1017 E 14th Ave, Spokane WA (below)
For Sale: $169,900
Although this Spokane home for sale was built in 1911, it’s chock-full of 21st century upgrades including a new roof, new gas furnace, flooring and new paint. However, with a romantic master suite balcony, front porch and rear patio, the 4-bedroom Craftsman still retains much of its turn-of-the-century charm.
One of the premier vacation spots of the Northwest, Bend’s desired high-desert geography provides access to skiing, hiking, and biking. Bend has also had a real estate pick-up; median Bend home values have gone up 1.1 percent year-over-year.
63249 April Ann Ct, Bend OR (below)
For Sale: $159,000
This Bend home for sale, was custom-built and features hickory cabinets and all stainless steel appliances in the new kitchen. Slate floors, a front porch and fenced backyard with dog run round out the rest of the home. The property has been on the market a while and recently reduced $900.
Unlike many markets across the country, Greenville real estate did not fall as far from its peak as other cities did. Greenville home values are only down 7.2 percent from the real estate peak and home values have had two consecutive quarters of appreciation (0.5 percent and 3.1 percent, respectively).
115 Seattle Slew Ln, Greenville SC (below)
For Sale: $170,000
Fort Myers, FL
Florida real estate in several cities has seen a jump in home values, including Fort Myers, Port St. Lucie, Destin and Punta Gorda. Fort Myers real estate in particular, has had a significant boost; median Fort Myers home values have increased 5.2 percent year-over-year.
9935 Country Oaks Dr, Fort Myers FL (below)
For Sale: $169,900
Priced just under the U.S. median home value, this 3-bedroom, 2-bath house was built in 1993 and was well-maintained by the previous owners. The home includes a pool, secluded behind a screened lanai and landscaping.
The economy is on the mind every lawmaker in D.C., so it’s only appropriate that we take a look at Washington D.C. real estate, whose home values have appreciated in the last two consecutive quarters. Current median D.C. home values have risen 1.9 percent year-over-year.
49 Danbury St SW, Washington D.C. (below)
For Sale: $160,000
As median home values in D.C. peak over $360,000, finding a single-family home at the $172K is downright impossible. But, for $160K, it is possible to find a newer condo, like the one pictured above, with cherry hardwood floors and an eat-in kitchen with granite counter tops.
Nashville has a lot going for it. Not only is it considered the home of country music (Grand Ole Opry), but it is the state capital, home to several pro sports teams (Titans in NFL and Predators in NHL), and several major colleges and universities. Perhaps these are all reasons why Nashville’s home values have been stabilizing. Median Nashville home values have risen for the past two consecutive quarters, with a 2.2 percent rise from June to July.
4429 Frost St, Nashville TN (below)
For Sale: $169,961
While Taylor Swift, Carrie Underwood and other country music stars have multi-million dollar mansions in Nashville, you can pick up a relatively new home in the on the Abbington Park real estate market for just under $170k. This 3-bedroom, 2.5-bath home was built in 2003 and features a formal dining room and a great room with custom built-ins and fireplace.
Situated on the banks of Massachusetts’ largest river, Springfield is only a few hours from Montreal, Boston and New York City. The city has a modest growth in home values in the past two consecutive quarters and median Springfield home values remain affordable, at $123,600.
41 Nevada St, Springfield MA (below)
$169,000 Now: $158,900
This 3-bedroom, 3-bath home on the Springfield real estate market sits on a quiet dead-end street and has opportunity for expansion on the third of an acre lot and third-floor walk-up attic. The home features plenty of updates, including a new roof, new windows, and new two-car detached garage.
Located 100 miles south of Denver, Pueblo is in the “banana belt” and gets significantly less rain and snow than other Colorado cities. Steel work is the dominant industry of Pueblo, and the Colorado city is often called “Pittsburgh of the West” or “Steel City.” Median home values in Pueblo have had a boost the last two quarters of 2.5 percent and 5.5 percent respectively.
3811 Bison Ln, Pueblo CO (below)
For Sale: $169,900
This home on the Pueblo real estate market was built in 2001, but has also had numerous upgrades. The 3-bedroom, 3-bath home has hardwood floors throughout, a heated enclosed porch, and mature landscaping.
owners. The home includes a pool behind a screened lanai and is situated in a quiet neighborhood with easy access to freeways and shopping.
Oklahoma City, OK
The largest city on the list, Oklahoma City home values have had two consecutive quarters of appreciation. With a population of 1.1 million and the largest city in the state, Oklahoma City is also the second-largest city in the continental U.S. based on geographical size.
1517 NW 124th St, Oklahoma City OK (below)
$132,650 Now: $132,150
This Oklahoma City home for sale has had a recent price chop of $250. Built in 2007, the immaculate 3-bedroom, 2-bath brick home has an open floor plan with a corner gas fireplace and 10 ft. ceilings.
A relatively small town of 98,823, Jacksonville sits along the banks of New River, just inward from Morgan Bay and 40 minutes from Wilmington. Median Jacksonville home values are a little lower than the nation’s average at $143,200, but the area has seen a 3.1 percent growth in home values year-over-year, perhaps because it is home to Camp Lejeune, the largest Marine Corps base on the East Coast where approximately 40,000 Marines are based.
201 Saw Briar Rd Ct, Jacksonville NC (below)
For Sale: $169,900
For $169,900, you can pick up this 3-bedroom, 2-bath home on the Jacksonville real estate market. Located on nearly half an acre, this 2008-constructed home’s living spaces features hardwood floors, granite counter-tops, and a gas fireplace as well as a prime cul-de-sac location with woods at the back of the home. Current low mortgage rates make this home’s monthly payment hit under $1,000 with a 10 percent down payment and 30-year-fixed mortgage.
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