What you get for your dollar in Sioux City real estate.

By
Real Estate Agent

Part of my motive for doing this is that I read somewhere that "why would anyone want to retire in the Midwest".  Coming from California, I know many, once hitting retirement could not afford to stay in that state.  I have run across more and more that are thinking of going back to the state of their parents or grandparents.  Where the cost of living is lower, which in turns stretches their dollar.  Some retiree's say that this allows them to do some traveling during the winter months. 

My other reason for putting this information out there for people to read is general information.  I know before moving I do a lot of research into my future town.  I look up: cost of living, retail stores, grocery stores, hospitals, things to do, restaurants, and other information.  There are websites out there for you to compare your current town with your new one.  I will list a few at the bottom of this page. 

My first house here in Sioux City, Iowa was on 1.45 acres, out in the country, and the house is about 1800 square feet.  When friends and family would come and visit they were always amazed at what we got for the price we paid.  You also have to know that my family and friends at that time lived in southern California.  Many of whom have left the state just before retiring or shortly afterwards.  For me I do miss the beach, and the nice weather.  I do not miss the traffic, crime, abundance of people and trying to afford to live in a good neighborhood.  Now as a single parent there is no way I could go back.  It was hard getting used to the snow and the cold but as time went on I do not mind it so much.  Snow days are a day to relax, catch up on reading and fiddling around the house.  I have come to enjoy the days being stuck at home.  Though being snowed in doesn't happen too often.   I would also have to say the people here are friendly.  It reminds me of the way California used to be.  I know a few would give me grief on this but I found as the years went by southern Californians talked less with their neighbors. 

Here are some homes that will give you an idea what your money buys you.  I put the estimated value of the home and 2008 property tax information. These homes are in Sioux City.  For homes currently on the market in Sioux City and surrounding towns, click here.

 

This home is worth around $500,000.00, 5 bedrooms, 5 baths and 5000 square feet on .874 acres.  Tax $9408.

 

 

This home is worth around $300,000.00, 5 bedrooms, 5 baths and 4600 square feet on 10 acres.  Tax $6285.  This home is located in a very beautiful area with rolling green hills.

This home is worth around $220,500.00, 5 bedrooms, 3 baths and 3200 square feet on .40 acres.  Tax $3872.  This home is located in a great neighborhood.

This home is worth around $150,000, 5 bedrooms,  3 baths and 2000 square feet on .25 acres. Tax $2632.

http://www.bestplaces.net/col

http://www.relocationessentials.com

 

Comments (5)

Krista L. Walker
Coldwell Banker Pro West - Medford, OR
Oregon- Homes & Real Estate for Sale
yes, Sioux City is affordable, but what about the weather?  That is why most californians move to oregon or Arizona
Feb 27, 2008 02:14 AM
Michele Ott
Reno, NV

Krista,

The weather can be very cold in Iowa but not as bad as Minnesota, North Dakota and other states on the Canadian border.  Having lived in Oregon I found that it was very green but it seemed to rain a lot and overcast.  My family moved out of California into the States of Oregon, Nevada (which at the time was affordable) and Arizona.  I understand that Arizona is getting pricey in some area but still hear that Oregon has some areas that are affordable. 

Just a comparison.  $40,000 salary in Sioux City you would need to increase your salary by 27.8% to live in Grants Pass, Oregon.  To move to Flagstaff Arizona (which I love) you would need an increase by 44.3%.

Many Seniors are very active and are starting to opt for colder weather areas where the cost to live is reasonable which then allows them to travel and do the things they have wanted to do in their retirement years.

Thanks for the comment.  It is always good to have an open discussion on a topic.

Shakespeare Festival in Ashland - It Rocks. :)

Feb 27, 2008 03:31 AM
Catherine Sinocruz
Coldwell Banker Select Real Estate - Reno, NV
Broker-Salesperson, ABR, GRI, CRS

Hi Michele,

Houses there are much more affordable.  Our median here in Reno, NV is $340,000. 

Catherine

Feb 29, 2008 03:53 AM
Michele Ott
Reno, NV

Hi Catherine,

Good to hear from you.  I hear Reno has been getting it's fair share of snow.

After my separation, my family wanted me to move back to Reno.  I had an idea what my salary would have been.  I then looked at home prices and what other cost would be.  Also given that I had a 12 year old daughter to think about, which played into where I wanted to live.  So!  I decided to stay here where the cost of living was more reasonable. 

I have found that those that have retired here, are staying here.  They are downsizing and using the extra money to travel.   A couple I know just sold their acreage for for $245,500 and bought a cute house for $102,000.  The equity in their old home paid for the new one.   In April they head to England and France and have lined up a Hawaii vacation for January 09.  I do know they looked in Florida and in Arizona (family there) but found that what they wanted in a house was going to cost them more than what they wanted to spend. 

Feb 29, 2008 09:20 AM
Carmen Tomlinson
Re/Max Select RE - Maple Valley, WA
King & Pierce Counties WA
I love the Rambler on the top!  Wow What a great price for a home that size!
Feb 29, 2008 04:48 PM