Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.

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[–] 1 point 3 months ago*

they exist in places you would not want to live, about 2-3 hours from major urban areas, often in rural or small cities that have high rates of poverty and drug use.

the reason starter homes in desirable areas are a million dollar sis because people want to live there and the quality of life is very high.

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