Buy a Home for the Price of an Average Car

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A house for the same price as a car

A house for the price of an SUV? That's plausible, given the dip in housing. But a home for the price of a Ford Fiesta?

Whoa. Now there's a value-bending proposition.

While most people don't think of real estate in prices relative to that of a car, there are houses in some parts of the United States that are for sale with listing prices just like what you'd see at an auto dealership.

And we're not talking about a house priced at the median home value of $150,000, which is akin to the sticker price of an Aston Martin. The homes featured below compare more favorably to standard highway fare: Nissans, Hondas, Fords, etc.

Some of these properties are distressed sales -- either foreclosed or in the midst of a short sale -- and some need a little renovation, but that's still a pretty impressive deal given that they're all comparable to the price of a new car.

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Houses Priced Like Average Cars
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Buy a Home for the Price of an Average Car

Price: $29,900

This Two Rivers home for sale is a bank-owned property, but don’t let that deter you. Priced just under $30,000 and with three bedrooms, fresh paint, new carpets and refinished hardwood flooring, this home is a steal. But if you prefer to drop $30K on a set of wheels, a base model of the 2012 Honda CRV may be up your alley.

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Price: $39,900

This Kentucky home listing states the house is move-in ready, with newer hardwood floors, updated vinyl and windows. Although it’s priced below Louisville’s median home value of $86,000, the home is on the smaller side with only two bedrooms, one bath and 788 square feet of living space. For the same price, a buyer could go green with a 2012 Chevy Volt.

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Price: $30,000

This two-bedroom, two-bathroom Arkansas home is a great investment opportunity since it used to be a duplex and, according to the listing, could easily be converted back. The home is situated on a larger block with a fenced yard and covered parking for two vehicles. This North Little Rock home’s automotive counterpoint? A 2012 Dodge Dakota truck, which runs about $28,000 to $32,000.

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Price: $24,000

Less than $25,000 is quite a deal for a home built in the past 15 years. This three-bedroom, two-bath Tennesee home was built in 1999 and features 1,200 square feet of living space as well as a two-car garage. For $25,000 in car value, how about a 2012 Toyota Camry?

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Price: $54,900

Priced at almost $55,000, this Wichita home is on the pricey end of our list. The adorable cottage offers two bedrooms, one bathroom and plenty of updates -- including hardwood floors, a new kitchen, windows and roof. For the same price, a 2012 Mercedes-Benz E-Class could be a classy choice.

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Price: $39,900

Located two hours southwest of Minneapolis, Sleepy Eye is a smaller lake town. This slice of real estate is move-in ready with newer paint, flooring and furnace. The home also has a covered porch and detached two-car garage. For the same price, you could fill the garage with a Buick Enclave, which costs the same as the home: $39,000.

See the listing for more details on this home

Price: $42,000

A two-bedroom, two-bath rambler could be the perfect place for a Florida getaway. The New Port Richey home for sale is located north of Tampa and St. Petersburg and has 1,068 square feet of living space with a formal dining room, bright kitchen with breakfast bar and outdoor patio. The potential car equivalent of the house is a Acura MDX, also priced at $42,000.

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Read more on Zillow:
How Much Home Can You Get For $150,000
What $250,000 Will Buy in Different Housing Markets
Home of the Week: Merv Griffin's Former Home for Sale

See also:
Best Neighborhoods 2012: First-Time Homebuyers

Buford, Wyo.: America's Smallest Town Up for Auction

Home Prices May Withstand Foreclosure Wave


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