A big yard, a picket fence, a shiny new car in the driveway — some might say those are parts of a picture-perfect American Dream. Of course, that’s not for everyone, and it doesn’t have to be.
Buying a condo can make a lot of sense for someone who wants to own property but doesn’t wan’t (or have the option) to buy a house.
Read more: Here’s the salary you need to afford a home in 12 major cities
Where you can buy a condo for $100,000 or less!
Regardless of what kind of property you’re buying, it’s probably going to be one of, if not the most, expensive purchases you’ll ever make. Most people need to take out a home loan in order to do it, and in addition to having enough money saved up for a down payment, you’ll also need to have pretty good credit to get mortgage approval. (You can view two of your credit scores for free each month on Credit.com.)
Even though a condo is a big-ticket item, affordable options exist. We looked at listings on real estate search site Zillow and rounded up the following cities where you can buy a condo for $100,000 or less (not including things like closing costs, condominium association fees and property taxes).
1. Salt Lake City
Neighborhood: Central Salt Lake City
Listing price: $85,000
Details: Two bedrooms, two bathrooms, 720-square-feet
2. Cincinnati, Ohio
Neighborhood: Eden Park
Listing price: $99,900
Details: Two bedrooms, one bathroom, 538 square feet
3. Indianapolis
Neighborhood: Meridian Park
Listing price: $69,900
Details: Two bedrooms, one bathroom, 940 square feet
4. Portland, Oregon
Neighborhood: Centennial
Listing price: $89,900
Details: One bedroom, one bathroom, 724 square feet
5. Austin, Texas
Neighborhood: Far North Austin
Listing price: $69,900
Details: One bedroom, one bathroom, 516 square feet
6. Dallas
Neighborhood: Far North Dallas
Listing price: $91,900
Details: One bedroom, 1.5 bathrooms, 827 square feet
7. Atlanta
Neighborhood: Lindbergh
Listing price: $99,000
Details: One bedroom, one bathroom, 859 square feet
You can see the full list of places where you can a condo for under 100K on Credit.com.
Read more: 86% of renters can’t afford to buy a home: Here’s how you can prepare
