Good morning, Richard.... that 4,500 s.f. new home in Franklin MA is in the $900k range.... for $300k you will buy a 30-40 year old, 1000 s.f., three bedroom ranch with no garage in nice condition.

That's $50-$75 over the median pricing out my way and it will buy a nice home....Now is the time to literally make a move

Looks like Georgia has a very nice market going there.

Hi, you certainly have the bargains there!!

A reasonably nice $2,000 SqFt home would cost over $200,000 here.

However, we don't have Georgia heat in the Summertime.
It just rains a lot in the Winter...

You can really stretch that 300K in Northern Maine let me tell you mister man, chummy. 104 acres with fields, woods, home, $40's? Yup. 542 acres with your own humungeous pond, ward log vacation home with stream, wildlife infested woods for the $300K. And everything in between.

Great post I will look this up and post what can be purchased in Texoma for this amount. Thanks for sharing

The prices sound pretty attractive. I see out of town buyers showing up with out of town expectations!

Interesting post.  I'd be curious to hear what property taxes are like in your neck of the woods.  Also, what is the rental market like for prospective investors.  all the best -- Eric

Richard, seeing the huge variation in prices in the US is always interesting.  In my market $300K gets a 1 bedroom condo in a good area, or a 2 bedroom condo in a mediocre area or a 3 bedroom townhouse in a bad area.  They'll all rent for $1,500-$1,800/mo. with 3% vacancy, or less.  To evaluate the investment potential please give us more information such as market rent, vacancy rate, operating expenses and cap rate.  I know that's a lot to ask, but a vacant unit (yes, I know that's too extreme, but I'm making a point) is rarely a good long term investment.

But, with the inventory down as it is the prices won't stay this low for long.

Hi Richard, I was having reverse sticker shock. In San Diego, I won't even venture to say what one could buy for that sum except that it won't be anything like you have have described.

Richard, I just closed on a $315,000 house. It was 2,350 square feet, 3 bedroom, 2.5 baths, on .19 acres. It was built in 1996 and is need of updates. Coweta County gets a lot more bang for your buck.

In Port St Lucie FL a home like that would be more than 300K but this is South Florida. $300K will though get you a very nice house or even new construction. For Beach Front Property on Jensen Beach's Hutchinson Island $300K will get you a smaller, older home. Nice to know Cowetta is still affordable, I have friends from there and from my living in Atlanta days.

Richard, gee!  I think I live in the wrong city!  Of course living in a high priced market means I don't have to work as hard.

Homes certainly are more affordable in your area.  A home like that in So. NH would be 500K-700K.

In my home town of Los Altos (my primary market) a 4500sf home, newly built, will run $3.5-4.0 million.  That all depends on the quality of the construction.  Around the $300K mark, buyers will get a 1-2BR condo in a decent area or a 2BR cottage in a marginal/bad neighborhood.

Richard- Isn't it wondeful when a relocating buyer  learns their budget goes a lot further in your area. Goodnes that same house here in Prince William County Virginia would sell in the $525,000 price range. The only people who are excited about our prices are those relocating to the DC Area from California, Hawaii, New York City and the Boston area.  

Good point, Richard!!! We have a wonderful market!!!