If you follow the market and read up on all the latest stats, chances are you know the average home in Portland sells for just over $200,000. This price point is still out of reach for a lot of people, but what if I told you there is an abundance of houses under $100,000? even under $80,000! Then the option of owning a home can be more easily realized by more people. I put together just a couple of examples of some of the cheapest, but still desirable, homes available.
This foreclosure located on se 52nd, just before Woodstock, is a great example of what you can find. Situated in a nice neighborhood close to lots of shopping and restaurants this home is listed for only $79,900. At 1100 sq ft you can get this house for only $4,000 down and a monthly house payment of around $625.
If you are willing to spend a little more for your home, we have this charmer in the southwest hills, just off of Barbur Blvd. This home is very cute and has a well-kept yard, it is really only in need of some updating. Listed at 89,999 this home is not a foreclosure! This one can be yours for $4,500 down and about $700 a month.
As you begin to look around at all the options out there, you can see that owning a home might just be possible. All of the figures are close estimates and may change upon receiving a loan. If you are interested in seeing any of these homes, or similar homes, please let me know and I would be happy to show you what the Portland market has to offer you!