It’s no secret that the housing market in Seattle is off the charts. A typical starter home in Seattle now requires half of a buyer’s household income. The median price of a house has escalated to $729,000 in Seattle. On the Eastside, it’s a diabolical $875,000, reports the Seattle Times.
Maybe when you envisioned buying a house, you were thinking something more in the $300,000 range? That sounds reasonable. In Ohio, that amount will buy you well over 3,000 square feet, according to personal finance site, GoBankingRates. Indiana is the best place to spend $300K, earning you a home around 3,478 square feet. Washington DC is the worst place, buying only 603 square feet of living space.
Washington state landed in 43rd place, with $300K garnering 1,694 square feet statewide. That number is likely smaller in Seattle proper. Let’s take a look at what $300K buys you on the Seattle market right now.
1715 SW Trenton St – $299,000
South Delridge is a great neighborhood to find an affordable home in Seattle. This home offers a second story with views of the Olympic mountains and proximity to Westwood Village. It could use a little elbow grease, but for the price at 1,970 square feet, it may be worth the extra effort.
1628 SW Holden St – $289,000
This 1934 West Seattle bungalow features one bathroom, one bedroom and a sizable private yard. The home is only 700 square feet, so share the space with someone you love.
1818 Westlake Ave N Unit D18 – $199,000
There’s always the houseboat option to float by your budget. This beauty on South Lake Union goes by “Hula Girl” and boasts many windows, an unbeatable location and a nautical steering wheel.
308 E Republican St Unit 804 – $250,000
A Capitol Hill condo with great views of the city, what more could you want? Well, maybe a little bit more space to stretch your legs. At only 664 square feet, there’s not a whole lot of wiggle room in this city home.
10110 Greenwood Ave N Unit 204 – $229,000
Boasting lovely wood floors, an abundance of natural light and an excellent Greenwood locale, this 689 square foot unit isn’t half bad! Granite countertops and a bathroom remodel might just seal the deal.
Best of luck buying on a budget!