Get updates delivered to you daily. Free and customizable.
GOBankingRates
50 Southern Cities Where You Could Buy Luxury Homes for $250,000 or Less
By Deborah Sabinus,
1 day ago
It might seem unlikely in today’s housing market , but U.S. buyers can still find luxury homes in good condition for $250,000 — or even less, depending on the location. And these aren’t tiny luxury homes, either.
According to an industry report from Mordor Intelligence, the luxury homes market is booming across the United States and has drawn so many buyers that the home prices have soared 50% over the past several quarters. So the right time to consider buying a luxury home would be now. GOBankingRates found 50 cities in the South where you can buy a luxury home for $250,000 or less .
Methodology: For this piece, GOBankingRates looked at the 50 biggest cities in the Southern U.S. (AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA and WV) that have top-tier homes valued under $250,000, as well as each month below $250,000, as sourced from Zillow’s May 2024 data. Top tier is defined as “typical value for homes within the 65th percentile to 95th percentile range for a given region.” All data was collected and is up to date as of June 26, 2024.
Photo Disclaimer: Please note photos are for representational purposes only. As a result, some of the photos might not reflect the locations listed in this article.
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Local Alabama State
Most Popular
Comments / 0