starter home/house

noun

: a first home

This small house would make a great starter home/house for a young couple.

Examples of starter home/house in a Sentence

Recent Examples on the Web

For one, the cost of owning a home is the highest on record, and the salary needed to buy a starter home has almost doubled since the start of the pandemic. —Alena Botros, Fortune, 24 Apr. 2024

Under this law, the retirees can earn supplemental income and young families can buy an affordable starter home. —Karen Garcia, Los Angeles Times, 14 Oct. 2023

Meanwhile, the salary Americans need to buy a starter home has nearly doubled since the pandemic, according to Redfin data, and the down payment on the average home has jumped 25% in the last year alone, a separate Redfin report said. —Jason Ma, Fortune, 13 Apr. 2024

Statewide, a typical starter home costs over $1 million, while the average renter pays 42% of their income for housing, according to a Forbes Housing analysis. —Obby Caina Calvan, Chicago Tribune, 17 Aug. 2023

Even purchasing a starter home is completely out of reach for many Americans, and some experts argue these types of houses don’t even exist anymore, considering how high mortgage rates and home prices have gotten. —Sydney Lake, Fortune, 2 Apr. 2024

Pittsburgh was the only city where income needs declined, with the necessary income to buy a starter home dropping 0.8%. —Molly Bohannon, Forbes, 28 Mar. 2024

The typical starter home sold for $240,000 in February, up 3.4% from the prior year, according to Redfin. —Khristopher J. Brooks, CBS News, 28 Mar. 2024

Comparatively, purchasing a starter home was 60.1% more expensive, costing buyers about $1,027 more every month, pushing the median purchase cost to $2,835 per month. —Abby Montanez, Robb Report, 27 Mar. 2024