What can $100,000 buy you in 2019 when it comes to the housing market?  It really depends on where you look.  Obviously somewhere like New York City, $100,000 gets you a lot less than Akron Ohio.  But here are some visual reminders of the difference:

3279 Hull Ave APT 11, Bronx, NY 10467 ( $75,000 )    1 Bedroom, 1 Bathroom, 536 sq ft

So you can get a beautiful 536 square foot apartment for $75,000 in the Bronx.  Price is $140 per square foot.  Which is pretty much the cost of building a new home per square foot in Wisconsin.  Does that sound appealing?  If you are a young professional on the go, maybe this $75,000 starter apartment would be a good fit.  But if you’re raising a family you may want to look elsewhere….

 

Cities Where $100,000 Goes The Furthest

How Much Home You Can Buy With $100,000

Mostly located in the Midwest and the Southern United States, you can get a sizable home for $100,000 (or less) in these 10 cities.   Example, Detroit Michigan, you could buy a 2,890 Square foot home for $100,000.  Partially due to the recent economic downturn.   Detroit is a city on the rise where incomes are exceeding the cost of living and getting better every year.  Below is a chart showing what $100,000 gets you in square footage in every city:

How Much Home You Can Buy With $100,000

 The Take Away

Depending where your job takes you, or your ambitions,  you could live pretty easily in one of these cities.  With the advent of “work from home” technology, there are thousands of professionals that make an above-average salary from their living rooms.  If you ever decided to move to a more affordable area and work from home; you could do quite well for yourself.

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Justin Scott

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NMLS 878581

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Executive Mortgage

NMLS 271650

909 . E Walnut Street

Green Bay WI 54301