What will quarter of a million buy in your neck of the woods

Absolutely nothing - not even an empty lot! There are houses in the price range here, but they are not anywhere near my part of town.

A lot of peas are going to say nothing. My answer is nothing..not even an empty lot.

In my county, not much small condo or maybe a fixer upper. In other parts of the state maybe a bit more. Single wide trailer possibly also.

In my immediate area, absolutely nothing. You can’t even buy a vacant lot for that here. In the city yes, but out here in the burbs, not even close.

ETA: The EMV of our house has doubled in the almost 11 years we’ve been here.

You can get a townhome or an empty lot. There are currently no homes in that price range. Home that are similar to the South Dakota house posted, are $280,000 and up and usually need a full remodel.

Here all you could get would be a mobile home in a 10 month park, meaning they close down Jan/Feb & you need to find somewhere else to live for 2 months

But now I'm thinking I should move to Lansing!

This was the only thing I could find that was remotely close to my area link that wasn’t a major fixer-upper a townhouse or a mobile home.

When I first moved here (14 yrs ago)  $250,000 would get you a brand new 2 story with 3000 sq ft, full basement on a nice sized lot.  Those same houses today are listed well over $500,000.

Nothing.

While home prices continue to climb here, it is always good to be reminded that I live in a relatively very affordable part of the county.

$252,000 can purchase 3 bedroom, 2 bathroom, 2000ish square foot older single story home in a safe neighborhood with good schools.

$252,000 home

The closest I could find to my neighborhood was slightly higher ($270K) but I think most of you will be amazed for what you can get in that price range where I live.

The good news is you can get a lot of house and land for your money. The bad news is you have to live here. Lol.

Oh and www.greenwoodscrealestate.com/idx/listing/SC-GIDX/125559/121-Chatham-Drive-Greenwood-SC-29649.

You can get This house  and have a bit of change, it needs work but nothing too drastic.

Right now a quarter million is the low end of the real estate offerings in my area (a small northeastern town about 2.5 hrs. away from any major city). Not the very lowest (The very lowest are homes you literally cannot live in without doing work first.), but still quite low.

We've noticed that there seems to be a line at that point around here. If you look at listings on any given day, nearly every single home at 250K or less will be pending sale. They tend to be homes that could use updating, so they are very popular with people who want it either rent out a house or flip a house. They go fast to investors, making things tough for people who need that price range to buy a home to actually live in.

Pre-COVID you could buy many of those same 250K homes for probably 75-100K less.

I checked and right now you can get a 1968 3 bed/1 bath ranch home for $249,000.  It's 1300 sq. ft.   The kitchen has not been updated, but the bath has had some recent changes.  There is no garage (unusual for our cold-weather region).  The yard is very shaded, so most of the ground is either moss or a shade-loving ground cover as opposed to grass.

Median home price in my area of So Cal is just over a million. You aren't getting anything for $250k.