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Would $300k get you a nice house in a good school district where you live?

  1. swurlygurl

    honeydew / 7091 posts

    Yeah, you could own just about anything you wanted (within reason) here for that price.

    @Mrs Green Grass: Every once in a while I get a crazy hair that I'm going to move home because I'm done with the Midwest, and then I start house shopping for 2 minutes and give up and resign myself here forever

  2. LAZB

    pomegranate / 3904 posts

    Not even close. It could get you a house in the 'burbs in a decent school district, but not in the city. For that, you need closer to $750+ for an older house and $950+ for a newer house

  3. HazelEyes

    clementine / 811 posts

    Ha! Nooooooo. I'm with the bees who said to double it!

  4. coopsmama

    cantaloupe / 6059 posts

    Yes, you could get an excellent home for that price around here.

  5. fancyfunction

    grapefruit / 4085 posts

    No, not at all. So jealous when I see these amazing homes on House Hunters for a fraction of what you'd pay here for a similar one.

  6. stargal

    pomegranate / 3890 posts

    Yes ypu could get a 3000+ house with every amenity you could want in the best school district in the area. Col is cheap around here but so is pay!

  7. hellobeeboston

    honeydew / 7235 posts

    no

    another one who would need that almost doubled.

  8. Periwinkle

    pear / 1879 posts

    Not even close, try doubling/tripling that We opted to buy in a fantastic school district (moved here when I was pregnant last time) but chose a townhouse in a community so we could be lined up for one of the top schools without shelling out top dollar when we were so new to the area. We absolutely love our home (which has a beautiful, very private yard) but may outgrow it in a few years and will have to reevaluate then.

  9. CakeLady

    pear / 1657 posts

    You could get a 3 bed, 2 bath condo or townhouse and the schools are great. There might be a house but it would need quite a bit of work most likely.

  10. Torchwood

    pomelo / 5607 posts

    Our ideal home that we wanted but was just too far from DH's work was $280-ish. And it was nicer than we need, really a dream home situation. Though in some parts of town that wouldn't get you squat.

  11. MrsBrewer

    coconut / 8854 posts

    Yes, for sure! You would be able to get a very nice house. 2500-3000 sq ft, plus a good chunk of land, in a great school district.

  12. sunny

    coconut / 8430 posts

    No way. That buys a condo or townhouse. Double that for a "nice house" which is older and probably needs work, or an updated but small home. Triple it for a brand new luxury home.

  13. nana87

    cantaloupe / 6171 posts

    not at all! the average price for a 2-bedroom apt in my neighborhood is like 5x that. this is why we will rent for as long as we live in nyc

  14. Alba4

    nectarine / 2951 posts

    No. It would get you a really small, run-down house. I think the lowest priced house in our town is like $325,000. Isn't that sad?

  15. Mrs D

    grapefruit / 4545 posts

    @mrsjyw: Thats why we like our Troy houses with Birmingham or Bloomfield Schools!

    Seriously...MI meetup needs to happen...Zoo this summer?

  16. pregnantbee

    grapefruit / 4717 posts

    HAHAHA. No Way. I'm in Northern California, and to get into the best school district in my city, you're looking at a minimum of $1.5M, and that could be for a fixer-upper.

  17. NorthStar

    pear / 1881 posts

    Yes, we built our house 2 years ago on 11 acres for an amount just above that (not by much). We have 4 bedrooms, 3 baths and lots of space.

    We are 13 miles from our work (which takes 20 minutes to get there) and 3 miles from our school (which takes 5 minutes to get to). The school is known as one of the best in our area. We are VERY lucky..

  18. hummusgirl

    persimmon / 1233 posts

    Yes, but it would be further away from the center of the city, in the 'burbs, which could make a commute rough. We wanted to be closer to the action so paid more for worse schools...

  19. rachiecakes

    coconut / 8279 posts

    nothing but crappy condos and they will sell for over asking price every time

  20. kodybear

    pear / 1616 posts

    Absolutely not. I live in SoCal and It's hard to even get a condo in a not as good school district for that much

  21. Mrs Green Grass

    pomelo / 5628 posts

    @swurlygurl: I know. It's crazy! You have to stay snd suck it up because of you go somewhere else first, you won't come back!

  22. PurplePumps

    pomegranate / 3809 posts

    Not even close.. the median asking price right now is 722k. There is 1 house listed under 300k, it's a 900 sf 2 bed 2 bath.

  23. Chillybear

    pomegranate / 3032 posts

    Our school district is very good 7-9 on great schools. For 300k you would get a house thats about 1500-2000 sq ft most of the houses are on busier roads not a lot of neighborhoods. and the homes are older mostly build in the 50's and 60's. taxes are about 5-6k/yr. and a 20-30 min ride to a major city with commuter train systems, 45 min drive with traffic

  24. deerylou

    pomegranate / 3003 posts

    Yes, you could get a lovely garden shed.

    But, for real, no. We live in a small seaside town in a stellar district, but prices are insane.

  25. whenoceansrise

    nectarine / 2053 posts

    You could get a mansion with that kind of money where I live. A nice house, with a good yard, and excellent schools would be around $150,000.

  26. Mrs. Lemon-Lime

    wonderful pea / 17279 posts

    Define nice? I'm going to say no, only because that kind of budget would mean I would need serious cash to make it to my liking. However, the median home value here is $306k and we have good schools; the affluent neighborhood next to us with good schools too has median home value is $578k.

  27. tofuwad

    apricot / 443 posts

    You could get an okay mobile home in a decent school district for that much where I live.

  28. bloved

    persimmon / 1114 posts

    Kind of? It could get you a moderate house in a moderate school disrict.

  29. meganmp

    persimmon / 1420 posts

    The condos in my area are more than double that, so no.

  30. psw27

    pomelo / 5220 posts

    No way. If I moved to my ideal town near Boston, I would expect to spend $1.5m to get what I wanted.

  31. KT326

    pomegranate / 3438 posts

    Nope. I just looked and in two of the best school districts near me you can get a 2 bedroom 1.5 bathroom house for $1.3M. In a decent school district you're looking to spend $750K and up for a decent house.

    And this is why we are moving out of our area in the next year. The cost of living is just getting to be way too much.

  32. yin

    honeydew / 7917 posts

    Yes.. well kind of. My neighborhood is in the range of mid to upper 200's. It's an old and very established neighborhood. The elementary school is top notch, but I can't say the same for middle and high school. My LO got into a very sought after charter school (lottery system with a 5 mile radius preference). We lucked out.

    My sisters live 15 minutes north or us, and the general population is wealthier and less mixed than my town. The schools are better, and the price of housing is also more. There are plenty of houses in the $300k range.

  33. Anagram

    eggplant / 11716 posts

    You can't even get a studio apartment for 300K in our town. And our town has crappy schools. Double fail, haha

  34. MoonMoon

    pomegranate / 3393 posts

    In the actual city, there aren't even that many houses $300k, but in our wealthy suburbs, 300k would buy you an extremely nice house, probably 4bd+, huge yard, etc in the best school districts.

    ETA: I meant that most houses in our city don't run that high. You could get something very nice for about 200k

  35. FliegepilzHut

    pomegranate / 3533 posts

    @simplyfelicity: Agree, expectations probably vary.

    You could do very well here in the upper $300s,-- possibly small acreage, good schools, and the like.

  36. kes18

    apricot / 485 posts

    Yes! $300-$350k is a good budget for a pretty nice house (4 bedroom, larger, reasonably updated) in an excellent school district. Midwest city suburbs.

    You can also get a decent house (3 bed, 1400 sq ft, maybe slightly dated in some areas, good neighborhood just not the wealthier part of town) in a great school district for $150-175k+ though.

    COL is pretty good. The towns around me usually make the list of a good place to raise families (for lower COL but still good schools and things to do)

  37. gingerbebe

    cantaloupe / 6131 posts

    $300K in the best school district near us would get you like 2 bedroom townhome with a 1 car garage and no yard that is pretty old and not updated, and there would likely be a bidding war.

  38. Mrs. High Heels

    blogger / eggplant / 11551 posts

    Not even a little.

  39. autumnlove

    hostess / wonderful watermelon / 39513 posts

    No.

  40. PawPrints

    pomegranate / 3658 posts

    I think you could maybe get a 1-BR apartment for $300K around our neighborhood. Though you could easily spend more than that even for a 1-BR. Neighbors in our townhome community have recently sold their (3-BR, tiny yard) units for nearly double that.

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