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Can you actually get a condo for $150k in Raleigh, Durham, or Chapel Hill? Or is this in some distant town like Sanford or Pittsboro? I'm genuinely curious, th
by JeremyNT 4y ago
Can you actually get a condo for $150k in Raleigh, Durham, or Chapel Hill? Or is this in some distant town like Sanford or Pittsboro?
I'm genuinely curious, that sounds unreasonably low to me given what the housing market has done in the last few years. The triangle has a sprawl problem and it's only getting worse as most of the affordable housing is pushed further into the exurbs.
- mgkimsal 4y agoAgreed. I'm up in Youngsville (20 miles north of Raleigh) and... it'd be hard to get housing for a family of 3 for under $250k. Under $250k, it's mostly mobile homes. There's a smattering of condos in that range, but mostly over $250k. We talked to a builder in Youngsville about building - mid 2021. Had initially verbal priced at high 400s. They back a few weeks later with "it's gonna be mid 500s, to low 600s." We backed out. 3 months later they're listing spec homes - in the same sub with $350k homes built 2 years ago - for $900k+. Can you get something for $150k that a single person might want to live in? Probably, but you'll be commuting a lot to get to the Triangle proper. Compared to LA, perhaps, this is 'affordable', but it's really... been a problem here (and it seems all over) the last few years.
- fny 4y agoYeah, I'm in Durham near Southpoint. If you're not trying to be in Downtown, it's still affordable. Two bedrooms, two bath. But beware, the universe is trying to move here.