What kind of house can you purchase in Oregon for $300,000, given that housing prices are increasing there and across the West due to rising demand?
According to a study by GoBankingRates, which looked at how far $300,000 might go in each U.S. state as of March 2023, Oregon naturally ranked toward the bottom for homebuyers on a tight budget.
The median house price in Oregon was $491,195 in March of 2023. Researchers at GoBankingRates split that number by the $300,000 budget and discovered that the prospective homeowners would only get 61.08% of the residence.
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In Washington, where the average house price was $576,090 in March 2023, the situation was much worse, with a $300,000 budget only covering 52.08% of the property. According to the personal finance website’s analysts, these are the worst states for the hypothetical $300,000 budget.
- Idaho
- New Hampshire
- New Jersey
- Oregon
- Utah
- Colorado
- Washington
- Massachusetts
- California
- Hawaii
