Map of US Government Homes You Can Buy for Under $100k
Mapping homes you can buy from the US government for <$100k
I mapped 334 homes owned by HUD, Fannie Mae, and Freddie Mac listed under $100,000 across 38 states. While the median price is higher, some properties are priced as low as $3,000, often requiring significant repairs. These sales are conducted as-is through licensed agents, not live auctions, and demand careful title checks and realistic budgeting for renovations.
The cheap houses cluster in the Rust Belt and the rural South - places where a foreclosed home can be worth less than the cost of demolishing it.
- pimlottc
It's hard to actually use this map and inspect individual homes. Clicking into a listing replaces the map view, so you lose the context of where you were looking, and the way the dots animate in make it harder to visually remember where you were. And you can't zoom in further to distinguish multiple overlapping properties.
- forinti
I've gained a taste for a yt channel that shows depopulated towns across the US.
It seems to me that local governments must also have tons of properties to sell or give away. The real issue is that these are in places where people don't usually want to live.
- xyzelement
A few years ago an apartment in my building was up for a foreclosure sale. Price looked good but turned out it was literally impossible to figure out (1) how much or the original dead beat's mortgage i would be on the hook for (2) tax burden and (3) unpaid coop fees i would owe.
So even as finance save person already in the building, it was impossible to figure out what I'd be getting/owing. Really ruined my taste for these things.
- airstrike
Well, yes, I have in fact always dreamed of owning an abandoned house in Flint, MI
- player_piano
Over the weekend, I pulled some data from my website to find the cheapest homes you can buy from the US federal government. The outliers (a $3,000 house in Flint, MI) are often in quite a state of disrepair, but there are lots of...lots...which are in reasonable condition across many US states.
- mlmonkey
Why go to all this trouble? Just go to realtor.com (no relationship) and enter your desired parameters thusly: https://www.realtor.com/realestateandhomes-search/Oakland_CA...
- DarkContinent
Do you pull data from non-HUD sources too?
- skyberrys
I'm guessing since the map is price limited there are likely many more properties out west except they are higher priced? $800 for a small chunk of vacant land behind something industrial near what looks like a lonely highway exit somewhere inland California. Then the East half has lots of reasonable looking homes. I hope the people left behind and homeless are getting by.