Pike & Wayne County: Cheap Houses?

By
Real Estate Agent with Keller Williams Real Estate RS301772

Yes, Virginia... There Are Cheap Houses in Pike & Wayne County PA....

BUT.... "How much work does it need?" That's one of the first questions asked when considering cheap homes for sale. Some are surprised at the home prices - even for fixer-uppers- in the Lake Wallenpaupack region of Pike and Wayne County.

Why home values are the way they are:

  • Pike County is the fastest growing county in the Northeast U.S. (not just PA.) Supply & demand at work.
  • Lake Wallenpaupack is a major attraction & is the largest powerboat lake in Northeast PA. It is the 3rd Homes Sold in Pike & Wayne County 2008 largest man made lake in the state (maybe the 2nd largest - more about the controversy here.)
  • The Poconos offers year round recreation.
  • Something for everyone: golfing, skiing, boating, hunting, hiking, fishing, camping, museums, great restaurants, waterfront homes, rivers, lakes, woods, waterfalls...you get the idea.
  • Close to major metro areas; convenient location for commuters.
  • Lower real estate taxes than New York & New Jersey.
  • Good school districts (list of schools.)

In a nutshell, there's a lot to love. Even though we're in the mountains and many areas are rural, you'll find the expected modern conveniences: indoor plumbing, electricity (okay, ignore my sarcasm! ) High speed internet and cable TV is available in most areas. Ample health care and shopping is within a 20 to 45 minute radius of Lake Wallenpaupack. Cheep! Cheep!

Folks looking for a 2nd home in Pike or Wayne County don't want to spend "too much." They want something "cheap." Doesn't everyone?

"Cheap" is subjective; what's cheap to you may not be cheap to someone else. I define a cheap home as "low priced compared to similar or neighboring homes."

"How much work does it need?" is also quite subjective. To some, "a little fixing up" means applying a fresh coat of paint. To others, it means new carpets, new fixtures, and replacing paneling with drywall.

Everyone has a different perspective.

My husband and I bought a doozy of a fixer-upper 13 years ago, for one reason and one reason only: it was the cheapest home available in an area we wanted.

It had a working roof, furnace, and bathroom. The windows kept out drafts and let in the sun. The house was cheap.

We looked beyond the ugly burnt orange carpeting. The house was cheap.

We looked beyond the hideous purple & black 1950's bathroom tiles. The house was cheap.

We ignored the paneled walls and ceilings. The house was cheap. You may have to decide what you want vs. what you need. Everyone wants a cheap house - but homes are priced according to market value.

Homes that need work are priced at the lower end of the market; those needing less work are priced higher. Typically, the lower the price, the more work is needed.

Either you want a cheap home, or you want a home that doesn't need much work. It's rare to get both in one fell swoop. Unfortunately, watching HGTV for insights into real estate is like reading Harlequin romances for insights into love & marriage. The two have very little connection to the real world.


Go To Real Estate Website Search Pike Wayne MLS

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WEICHERT, REALTORS® - Paupack Group
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Karen E. Rice is a real estate agent working in Pike & Wayne County of Northeastern PA in the Pocono Mountains. Lake Wallenpaupack is one of Pennsylvania's most popular destinations for vacations, retirement, and purchasing a home.

Pike and Wayne County PA - Cheap Houses © 2008 by Karen E. Rice. All rights reserved. Originally published by the author on PikeWaynePABlog.com - "Needs vs. Wants & Pike and Wayne County Cheap Houses"

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Homes For Sale & Local Info for Pike County, Wayne County, & Lake Wallenpaupack in Northeast PA.

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Karen Rice (that's me!) lists & sells in Tanglwood, Wallenpaupack Lake Estates, Hideout, Indian Rocks, Masthope, Fawn Lake, Tink Wig, Woodland Hills, Walker Lake, Hemlock Farms, & more in Pike & Wayne County.

Comments (2)

Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Karen- Great info about cheap houses in Pike and Wayne county homes for sale.  My son was up there and he did not even have cell phone reception where he was all summer.

Oct 12, 2008 01:53 PM
Karen Rice
Keller Williams Real Estate - Hawley, PA
Northeast PA & Lake Wallenpaupack Home Sales

Katerina, I don't have cell reception at my house, or in Masthope, Bushkill, and some assorted locations in northern Wayne County.

It's very frustrating, especically if I want to be on the Weichert Call Center. You are only allowed to give one number and if they call you you have to answer by the 2nd ring or they move on to the next agent.  So either I have to give my home number and be home all the time, or my cell and miss calls when I'm at home.  So I'm not on it at all yet.  LOL

 

Oct 12, 2008 02:22 PM