Yes, You Can Buy a Decent Home for $10,000 or Less

Before you go, we thought you'd like these...


(The house above, located in Garfield Heights, Ohio, is listed for just $9,900.)

Buy a house for less than it costs to buy a car? According to a recent report in Time's "Moneyland" column, this season has seen a spike in sub-$10,000 homes. In Baltimore, one in 10 homes sold during the first half of 2011 cost less than 10 grand. Ditto for foreclosure-plagued Detroit, where a search of our real estate listings turns up more than 1,000 hits on properties for $10,000 or less.

Sure, you'll have to adjust your expectations a bit, but many of these super-cheap homes won't necessarily force you to abandon considerations like size, location and appearance. In fact, the houses we've compiled in our $10,000-or-less house gallery have more going for them than just their astonishingly low price tags. Don't believe us? Click through the gallery below:

10 PHOTOS
Buy a Decent House for $10,000 or Less
See Gallery
Yes, You Can Buy a Decent Home for $10,000 or Less

Location: Kansas City, Kan.
Price: $9,500
Beds/Baths: 2/1
Sq. Ft.: 966

This 966-square-foot gable-roofed box offers two bedrooms and one bathroom. Also part of the deal is a "very functional kitchen," according to the description. It "really wouldn't take much to get this home move-in ready." View the listing -- which has 11 photos -- here.  

Location: Garfield Heights, Ohio
Price: $9,900
Beds/Baths: 3/1
Sq. Ft.: N/A

You get three bedrooms, one bathroom, a covered porch -- even an attic dormer. This modest foursquare, built in 1920, is more put-together than you'd think for the price.

Location: Birmingham, Ala.
Price: $9,000
Beds/Baths: 2/1
Sq. Ft.: N/A

Two bedrooms, one bathroom and a patch of lawn in Birmingham, Ala., for $9,000. For more photos and details, see the listing

Location: South Bend, Ind. 
Price: $10,000
Beds/Baths: 3/2
Sq. Ft.: 2,000

The facade -- which includes a covered brick porch -- is presentable and the space, at 2,000 square feet, is generous. So how the heck does this home in South Bend, Ind., cost only 10 large? Well, the interior could use some work, as the listing photos show. But the other specs on this house still make it quite a deal. 

Location: Cincinnati, Ohio
Price: $9,000
Beds/Baths: 3/2
Sq. Ft.: 1,689

Cincinnati is another city that ranks high on the sub-$10,000 inventory list. This modest midcentury dwelling clocks in at 1,689 square feet, with three bedrooms and two baths. 

Location: Birmingham, Ala.  
Price: $8,500
Beds/Baths: 3/1
Sq Ft: N/A

This foreclosed three-bedroom in Birmingham is going for $8,500. The interior looks surprisingly clean and well-finished

Location: Montgomery, Ala. 
Price: $9,900
Beds/Baths: 3/1
Sq. Ft.: 1,301

Pay only $9,900 and you get three bedrooms, one bathroom and 1,301 total square feet for this puppy. Behind its light-blue exterior things are perfectly passable

Location: Boise, Idaho
Price: $7,500
Beds/Baths: 2/2
Sq. Ft.: 915

Another foreclosure, this condo asks only $7,500 but gives you two bedrooms, two bathrooms and your very own carport. We're looking at a measly $8 per square foot!

Location: Detroit, Mich.
Price: $9,900
Beds/Baths: 4/2
Sq Ft: 1,036

Built in 1935, this home is running for a price that belongs in the era of its style's heyday. 

See the listing

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

Also see:
Real Estate Commission: How Much Should You Pay?
Home Sellers Step In Where Banks Fear to Tread
The Best on the Block: Luxury Homes at Auction

Unreal Estate: Home Seller Throws In $1,000 Worth of Booze


More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.

Read Full Story

Find a Home

Buy
Rent
Value
Powered by Zillow

People are Reading