How Much House Can You Buy In Minnesota For $100,000?

It's not a secret that $100,000 isn't what it used to be. People used to think they had "made it" if they earned $100,000 per year at a job. In today's economy, there are many locations in the country where $100,000 is barely scraping by.

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When it comes to home prices it's even clearer that times have changed. It seemed not too long ago that $100,000 would get a young family a nice starter home. Is that the case today? To find out I searched a popular real estate site for homes in Minnesota listed at exactly $100,000 and it returned only *four* properties. They are listed below.

Home #1

Built in 1975, this rustic home sits on over 9 acres of rural Minnesota land. The home is a fixer for sure but has a lot of potential. Some rooms need work less than others. However, with some sweat equity, this property would be a winner.

Home #2

This home in Duluth appears to be move-in ready. The kitchen has modern appliances and the home features hardwood floors. Built in 1940, the home is 1100 square feet and has 2 bedrooms and one bath.

Home #3

The next home is almost 130 years old and is located in a north suburb of Minneapolis. It appears to need a lot of work, although the listing says the home features nice woodwork and has updated electric and windows with a newer furnace and roof.

Home #4

The final home is in the small town of Blooming Praire, west of Rochester. Built in 1880, this 1700 square foot, three-bedroom, two-bath sits on a corner lot. The lot features large mature trees that were probably seedlings when the house was built.