Cheapest Homes 2012

We continue our look at where some of the cheapest homes are in 2012. This is continued from the page; The Cheapest Homes in 2012. Here are 17 more affordable communities. The most recent additions are at the end.

Pueblo, CO

There are more than 100 houses for sale here right now for less than $50,000. Many of them are less-than-perfect, but these make great rental properties from what real estate agent friends have told me, and there are some really nice houses mixed in once you get closer to $100,000. 27 of the homes here are priced at less than $30,000.

Traverse City, MI

A great place in the summer (I lived here for many years), and now prices are reasonable. Although the properties under $50,000 are mostly fixer uppers or condos, there are some nice homes for under $100,000 for the first time in many years.

The following entries are covered in more detail on the page; Most Affordable Places to Live:

Alamogordo, NM

This desert town is one of the few places where prices have been rising. The two dozen cheapest homes are all mobiles or fixer-uppers out of town. You have to get past $100,000 to find many decent ready-to-live-in houses.

Aberdeen, WA

There are 20 listings under $50,000 as I write this, with the cheapest two being a mobile home for $9,000 and a small house for $25,000. Get closer to 100k and there are some really nice looking properties.

Hickory, NC

A dozen listings here are priced at under $30,000, and there are dozens more for less than $50,000.

Colorado Springs, CO

Anything really inexpensive here is a condo or a fixer-upper, but there are some good looking houses for just under $100,000.

Rawlins, WY

Only a couple properties are listed under our 50k mark, and a couple dozen under 100k.

Marquette, MI

There is a three-bedroom fixer-upper with 1,700 square feet for $17,900, and a couple more "cheapies." The rest of the 18 listings below $100,000 are a mix of mobiles on land, log cabins and older houses in town.

Butte MT

This former mining town is still cheap, with 33 listings under $50,000, and many more under $100,000.

Austin, TX

To buy cheap here you have to look at condos. There dozens for under $100,000 and a few decent-looking places for less than 50k as well. Some regular houses in good shape are selling for around $100k.

Klamath Falls, OR

You'll find dozens of small houses and mobile homes for less than $50,000 here (some of the mobiles are in parks, though, which means you'll be paying lot rent). Stretch the criteria to $100,000 and there are 165 listings at the moment.

Ridgecrest, CA

If you stay under 50k you are looking at mobile homes here, but there are now dozens of houses for less than $100,000--that's cheap for California!

These next three towns are covered on Places to Buy a Cheap House, which originally looked at towns with houses under $30,000:

Altoona, PA

Altoona has a handful of old houses for less than $30,000, and over 30 for less than $50,000.

Keokuk, IA

The first four listing on the page when searching this town are; $9,900 (2 bedroom), $13,400 (2,008 square feet), $15,000 (6 bedrooms, 4 bathrooms), and $16,000 (3 bedrooms). They appear to be nice old homes in need of some work, but prices in general are low here even for the ready-to-live-in places, with 30 listings under $50,000. (23 under 30k.)

Independence, KS

$7,900, $11,000, $12,200, $14,900, and $17,000. Those are the first five listings I pulled up for Independence, and none of those were mobile homes. A total of 37 houses are for sale for less than $50,000, with 17 of those under $30,000.

Amherst, NY

This one is a new addition to our list. With a population of over 115,000 you'll find everything you need here, and although only a few houses are listed for around $50,000, there are condos as well. A total of 80 properties come up when searching up to $100,000 (with at least two bedrooms).

Morgantown, WV

If you like small-town living without getting too small, you might like this little city of 30,000 residents. It is another new addition to our list. The few listings under $50,000 are fixer-uppers and/or out of town, but when you get to the 70s and 80s there are some nice condos.