From North Carolina to Colorado, we have found five affordable starter homes available for as little as $290K.
With the rising cost of homes and mortgage rates hovering near 7.5% this week for a 30-year fixed mortgage, according to Freddie Mac, purchasing a property can be a challenging feat for a first-time homebuyer.
Finding a starter home, known for its smaller floor plan and more affordable price tag, has become increasingly difficult in many cities.
Still, options exist. The Midwest offers some of the most budget-friendly abodes in the nation, while states like Massachusetts are looking to expand the supply, with a question on the midterm ballot that would legalize smaller lots for starter homes.
From North Carolina to Colorado, we found five affordable starter homes available for as little as $289,900.
1. 1160 Harland St, Charlotte, NC
Price: $359,000
Seller incentive: This newer three-bedroom home, nestled in the Belterra neighborhood, is being offered with seller financing.
Built in 2023, the 1,725-square-foot, energy-efficient residence features a sun-soaked open-concept layout. The modern kitchen has a breakfast bar, stainless-steel appliances, and a dining area that opens up to a back patio. Other highlights include a primary suite with a walk-in closet, a "versatile loft," and an attached two-car garage.
According to the listing, the property "qualifies for 100% financing with no PMI and $5,000 in towards closing costs or rate buy down."
Niki Neel of Keller Williams South Park is the listing agent.
This newer starter home in Charlotte, NC is being offered with seller financing. (Realtor.com) 
The home, built in 2023, features a sun-soaked layout. (Realtor.com) 2. 4651 Josephine St, Denver, CO
Price: $349,000
Move-in ready: Built in 1890, this three-bedroom home has already been modernized for the next buyer, with efficient heating and cooling systems.
The 1,033-square-foot abode has an updated kitchen with refinished cabinetry, new appliances, and stylish floors. One bedroom can be found on the main level. A floating staircase in the light-filled living room leads up to two more bedrooms. Two refreshed bathrooms now offer updated fixtures, lighting, and flooring. The back patio overlooks the fenced-in yard.
A covered front porch would be a nice spot for morning coffee.
Mina Henderson of Keller Williams Realty Downtown is the listing agent.
This move-in ready starter home in Denver, CO was built in 1890 but has been modernized for its next buyer. (Realtor.com) 
The home features a modern interior. (Realtor.com) 3. 4785 E Kiva St, Phoenix, AZ
Price: $349,000
55+ golf-course community: This three-bedroom time capsule, built in 1983, still features many original details, including arched doorways, mirrored closets, vaulted ceilings, and laminate countertops.
Designed for the soon-to-be retiree, the 1,446-square-foot abode, "definitely worth checking out," is tucked away in the Ahwatukee Retirement Village near the Ahwatukee Golf Club. The property features a kitchen with new appliances and a breakfast bar, a dining room for entertaining, and an enclosed patio. A fenced-in backyard would be an ideal spot to soak in the Sonoran sun.
According to the listing, "furniture can be included."
Tammy Adams of Maricopa Home Realty is the listing agent.
This three-bedroom starter home in Phoenix, AZ was built in 1983. (Realtor.com) 
The home is based in a retirement community. (Realtor.com) 4. 1367 Kenilworth Dr SW, Atlanta, GA
Price: $289,900
Updated ranch: This inexpensive three-bedroom dwelling has already been modernized for the next buyer.
The 1,190-square-foot open floor plan features a spacious living room that flows effortlessly into the dining area. Luxury vinyl floors run throughout the home. The stylish kitchen has stainless-steel appliances, subway tile, and granite countertops. Two baths have also been modernized, and one offers a glass-enclosed shower.
A private fenced-in backyard offers a blank canvas for setting up a firepit or soaking in the tree-lined scenery.
Kristopher Willis of Bolst, Inc. is the listing agent.
This move-in ready starter home in Atlanta, GA has been modernized. (Realtor.com) 
The home features open plan living space. (Realtor.com) 5. 5104 S Menard Ave, Chicago, IL
Price: $309,000
Adorable bungalow: This three-bedroom brick residence, nestled in the Garfield Ridge neighborhood, boasts a newer furnace and central air conditioning system.
Built in 1971, the 1,040-square-foot home features a living room with newer wall-to-wall carpeting laid over the original hardwood floors. An eat-in kitchen has oak cabinetry and laminate countertops. The partially finished basement offers additional living space with a dedicated bar, a laundry room, a storage room, and a workroom. A two-car detached garage has "convenient alley access."
The home is being sold as is.
Cindy Rizzo of Charles Rutenberg Realty of IL is the listing agent.
This starter home in Chicago, IL was built in 1971. (Realtor.com) 
The home features an eat-in kitchen, and oak cabinetry. (Realtor.com)