You can buy a home for $150,000

Charlotte, NC is one of 125 metro areas in the United States where starter homes cost $150,000 or less as reported by MSN.com.  Given that it is currently a buyer’s market here in the Greater Charlotte Region  you can get into a $150,000 starter home with less than $2,500 in savings, and have at least average credit.   Your monthly payment would be right around $1,000 a month including taxes and insurance. Not bad especially if you are paying that in rent.

According to National Association of Realtors most first time home buyers can expect to buy a home that is usually priced about 30% below a local market’s median.  Charlotte’s 2009 first quarter market median was $171,50 that puts the first time home buyer’s sales price  just above $120,000.  Making Charlotte, NC one of the markets where a starter home will cost far less than $150,000.

Charlotte Neighborhoods / Area where you can into a home for under $150K:

• Country Club
• Medford
• NODA
• Starmount
• University Area (North Charlotte)
• Villa Heights

Click here to search for your new home now.

Contact Kayte Malik for more information at Kayte@carolinarealtyadvisors.com or 704.996.1430