House Hunt: Homes for $50K or Less

An upside to the nationwide, seriously-deflated real estate market is, simply put, it is a buyer's market. It may take two to three years, but home prices will eventually rise again.

For first-time buyers, now is the time to buy “up;” you’ll be able to buy a much nicer house for your money than a few years ago. Real estate investors are sitting on a gold mine if they have the patience to wait out the slump.

Many homes for sale today cost no more than a new automobile. With that thought in mind, House Hunt decided to look at homes that cost about the same as a souped-up 2012 four-door pick-up truck or a nice SUV—approximately $50,000 and under.

This week’s House Hunt featured homes range in price from $40,800 for a 3-acre, four-bedroom property on Cedar Creek Road in to a three-bedroom home on Remington Lane in Acworth for $50,000.

Click through the image gallery to preview the featured homes. Descriptions, prices and need-to-know information are listed with each photograph.