Unbelievable Homes: Discovering $1 Listings Across 30 States

Imagine a world where homeownership doesn't require a hefty down payment or years of saving. Incredibly, there are houses listed for as little as $1 in over 30 states across the U.S.! With rising interest rates from the Federal Reserve impacting mortgage costs, many potential buyers are searching for affordable options. This article explores these intriguing $1 listings and what they entail.

Recently, a home in Michigan gained attention after being listed for $1 on Zillow. However, it's important to note that this property requires significant renovations, including addressing a hole in the floor and dealing with overgrown shrubbery. Such listings are not isolated; according to data from Realtor.com, homes available for $1 can be found in 29 other states as well.

These homes often come with caveats, as many are auction properties or part of estate sales. Consequently, the final selling price can escalate considerably based on bidding activity. Potential buyers should be prepared for strict auction requirements, including cash-only terms or minimum deposit stipulations. As we delve deeper into this phenomenon, we'll highlight a home from each state that has a starting price of just $1!

There is at least one house for sale with a list price of $1 in 30 states. The Federal Reserve continues to raise interest rates, and each subsequent increase has an impact on mortgages. Purchasing a home can take months or years of saving and often requires a hefty downpayment. However, in some cases, a house can be bought for only $1.

A Michigan home recently went viral after being listed for sale for $1 on Zillow, although the home needed some improvement. The description mentioned a hole in the floor and noted overgrown shrubbery and exotic weeds, according to a report by KIRO 7.

The Michigan property isn't the only listing in the U.S. for a low price of $1, and according to Realtor.com data, there is at least one home in 29 other states with the starting sale price of $1. Many of the homes are up for auction or are part of an estate sale, which means the price could climb much higher depending on the number of bidders. Many of the auctions have strict requirements, such as a minimum down payment or cash-only contracts, and it is unclear what the final price could be after bidding is complete.

Newsweek reached out to Realtor.com by email for comment.

Below is a list of one home in every state with a sale price of only $1.

Alabama:

A 1,080-square-foot, three-bedroom home in Oneonta, Alabama, was listed for sale earlier this week with a minimum price of $1.

Alaska:

A seven-bedroom home in Anchorage, Alaska, is described as a "large fixer-upper." The listing is part of an online bidding event.

Arizona:

A one-bed, one-bath home in Tucson is up for bid after going through a foreclosure process.

Arkansas:

A home in El Dorado, Arkansas, is pending after being listed at only $1 during an auction in June. The home exceeds 3,400 square feet on a 16-acre lot and includes four bedrooms and three-and-a-half bathrooms.

Colorado:

A three-bed, one-bath home is listed in an auction with bidding starting at $1 in Collbran, Colorado.

Georgia:

A foreclosure in Forsyth, Georgia, is up for auction with a starting price of $1. The three-bed, two-bath home sits on a 10-acre lot. No pictures are listed for the inside.

Hawaii:

A one-bed, two-bath condo in Honolulu, Hawaii, is listed for $1. Only one picture is available for the listing, and it shows a dim interior room with a sliding glass door.

Idaho:

Idaho has several homes listed for sale beginning at $1. Many of the sales are pending, but one listing with a four-bedroom, two-bathroom home in Kuna, Idaho, is still for sale in an auction.

Illinois:

A foreclosure in O'Fallon, Illinois, is listed at $1 and is part of an auction