It's not surprising that you can find plenty of inexpensive homes on the market these days--nationwide, the median home value stands at just above $170,000, down from around $240,000 at its peak five years ago. Add to that the backlog of foreclosures clogging the housing pipeline, and you'd expect to see plenty of places selling for a song.
What is surprising, though, is how much house that song will get you. And we're not talking about down-at-heel homes in distressed neighborhoods, either. We're talking places you'd actually want to buy, even at a higher price--and we've got the granite countertops, stainless-steel appliances, and backyard "cocktail pools" to prove it.
Click through the gallery below to get a feel for what as little as a hundred grand buys you in cities around the country.
Cheap Homes You'll Actually Want To Buy
Homes for Less Than $100,000 (You'd Actually Want to Buy)
Believe it or not, the median price to buy a home in America is just north of $170,000. This may come as a surprise to coast-huggers in some of the nation's more affluent cities, but the rest of the country's been in on the secret for years. And guess what -- great homes can be found for even less than the national median. Click through to see some of the finest homes for under $150,000.
Location: Cleveland Heights, Ohio
Size: 1,523 sq ft
This mini-colonial has four bedrooms, a fenced-in backyard and a two-car garage.
The home's interior has the hardwood floors and crown molding of a much more expensive abode.
See more affordable homes for sale in Cleveland Heights: