How Much House Can You Get for $200,000?
Is there a light at the end of the tunnel? According to Zillow’s Chief Economist Stan Humphries, there may be.
Humphries and other economists have predicted a bottoming out of U.S. home values in 2013. Some areas that have already hit bottom are now seeing gains in home values.
The current home value hovers around $148,000, but for the first time in awhile, that number is seeing some modest gains: a 0.5 percent increase month over month and 1.8 percent increase quarter over quarter.
Despite market growth, homes still remain remarkably affordable in many parts of the country, and a price point of $200,000 can offer a home buyer quite a lot.
Here’s a sampling of homes listed for $200,000 around the country.
705 W 26th St, Richmond VA
For sale: $199,000
This darling Richmond house was completely renovated before hitting the market. The 3-bed, 2-bath home features custom cherry cabinets, granite countertops and new stainless steel appliances in the kitchen, as well as new updates to the master suite.
1500 Kesser Dr, Plano TX
For sale: $195,000
This Plano charmer is a one-story layout with 4 bedrooms and 2.5 baths. The brick home was built in 1985 and has a newly renovated kitchen, which includes new countertops and cabinets.
817 Highland Dr, Leavenworth KS
For sale: $203,000
Boasting 2,054 square feet of living space, 4 bedrooms and 3 bathrooms, this Leavenworth property gives a buyer quite a bit of bang for the buck. Built in 2005, the home sits on a fenced corner lot and includes a 3-car garage.
South Ogden, UT
1334 E 5200 S, South Ogden UT
For sale: $204,900
The price of this South Ogden home was just reduced $10,000 to bring it down to the $200,000 price bracket. The 3-bed, 1-bath home was built in 1993 and is all one level.
367 N Camino Del Pueblo, Bernalillo NM
For sale: $200,000
There’s Southwestern character to spare in this historic Pueblo-style home. The 1908 Bernalillo residence features cured Douglas fir floors, Mexican tiles, as well as an updated kitchen and bathrooms.