Homes: What you can buy for $150,000

Photo courtesy of Zillow

Believe it or not, it's still possible to find homes for $150,000.

That price point isn't considerably less than the median home value in the U.S., which is currently about $181,000, according to Zillow. But depending on where you look, a few thousand dollars could mean the difference between a savvy buy and a money pit.

A good rule of thumb is to compare the price of a listing with other properties in the neighborhood. If it costs much more or much less than other homes nearby, that should be a major red flag. It's also smart to compare neighborhood prices with home values in the surrounding metro area. A much Homes for sale in bethesda maryland lower neighborhood median home value could Homes for Home for sale bethesda md sale in bethesda md indicate high crime rates or poorly performing public schools.

If all the indicators line up, and a market Home for sale bethesda md is trending in the right direction, it's possible for deal-seeking homebuyers to find a modest, worthwhile spot in which to live or invest. For $150,000 in Portland's Multnomah neighborhood, you can buy an 800-square-foot condo with pool access. In the Gentilly Woods area of New Orleans, that amount will buy a 1,340-square-foot ranch house with a fireplace and jetted bathtub.

Click Bethesda Md Homes for Sale ahead to see what $150,000 will buy in 10 cities across the country.

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