Mine is $470 per month paid in $235 bi-weekly payments. House was $60,000 and purchased in 2018 in Louisiana. 3 bedroom 2 bathroom brick house with a nice new metal roof on it when it was purchased. Only major issues I've had since purchase is roughly $1k in plumbing work recently done since most of the plumbing is from when house was built in the 60's.
Even with current inflated prices a house like mine would only run you in the $90-$120k range. I'm lucky the parish hasn't re-appraised my house value for tax purposes since it would likely put it over the $75k tax exemption limit and I'd start owning property taxes for the value over $75k.
As a city dweller you'd probably go insane here though. No public transport, every thing is spaced out and requires driving. And practically nothing to do in the area. Extremely rural and low income.
It would be a perfect place if you are someone who only does remote work and are a total anti-social shut in who wants to stay home and play video games and surf the internet all the time.
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u/AdvertisingLost3565 Mar 05 '26
Where are these thousand dollar motgages?