Yahoo Finance 3 Florida Cities Where You Can Buy Homes For $100,000 or Less
The price of buying a home in Florida has skyrocketed over the past five years, with the average home value sitting at almost $400,000 in June, according to Zillow.
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It’s $399,944, to be exact, up from $242,000 in June 2019, based on the Zillow figures. Floridians interested in buying their own places in the Sunshine State might feel squeezed out by the prices, but residents still can find homes and condominiums for less than $100,000.
At that price, your new home won’t be large, and it might need some updates. But it’s still yours, and improvements you make can help to build equity in your property should you want to move to a bigger or newer place down the road.
But where can you find a dwelling to buy for less than $100,000? Try these locations.
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Lauderhill
Carved out of a community known for dairy farming in the 1950s, Lauderhill is about a 20-minute drive from Fort Lauderdale in the southern part of the state. It has a mixture of residential and commercial communities and is located in bustling Broward County.
What kind of residence can you buy for $100,000? While Lauderhill has single-family, multifamily, condo and townhome communities, expect to buy a condo on that budget. A recent check of Zillow showed some good options: a one-bedroom, 1½-bath condo with a remodeled kitchen, tile floors, two parking spaces and a storage unit for $85,000; or a one-bed, one bath, move-in ready unit consisting of 755 square feet priced at $78,000. The latter has quartz countertops and a balcony that can be converted to a Florida room for some extra space.
Remember that when you buy a condominium or townhome, you undoubtedly will owe homeowners association dues, too. Dues for the $85,000 condo are $631 per month. The $78,000 condo has more reasonable fees of $292 per month.
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Delray Beach
Delray Beach, situated on the Atlantic coast of Florida, is about 60 miles north of Miami and has its share of multimillion-dollar luxury properties. But living in the city isn’t out of the question on a $100,000 budget — or less.
As in Lauderhill, don’t expect a big piece of property for that price in Delray Beach. Instead, think condo or townhouse. But Zillow showed some interesting choices recently, including a one-bedroom, two-bathroom condominium. The ground floor, corner unit also has a Florida room to turn into a home office or sitting area and supplement the 760 square feet, plus a recently replaced air conditioner for those steamy summer days — all for $97,500, plus a $579 monthly HOA fee.
Jacksonville
If you head north to Jacksonville, you’ll find a much greater selection of homes. That’s because the city is approaching 1 million residents and offers a much larger housing supply.
When home shopping in Jacksonville, you’ll find some single-family homes in your $100,000 price range. For example, Zillow recently posted a listing for a two-bedroom, one-bathroom turnkey home. The newly renovated 780-square-foot home, located downtown, even has a dining room for entertaining space and is priced at $99,000.
If you need something a little bigger, perhaps a two-bedroom, one-bathroom home with 1,079 square feet would better suit you. It’s a brick home on a corner lot with a 2020 roof with an asking price of $90,000.
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This article originally appeared on GOBankingRates.com: 3 Florida Cities Where You Can Buy Homes For $100,000 or Less
