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

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

In February, the cost of buying a starter home in those cities was $1,027 more than renting one. —Alicia Wallace, CNN, 26 Mar. 2024

Overall, starter home prices are up 2 percent from a year ago and more than 45 percent from 2019, Redfin data shows. —Abha Bhattarai, Washington Post, 10 Mar. 2024