Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (2024)

Victorian architecture is an expression of the “More is more” philosophy of design, producing ornate, intricate homes that resemble giant dollhouses. The style is perennially popular and when preserved properly, results in feature-worthy dwellings.

Victorians were supercharged in the late 1800s by the development of steam-powered sawmills, which could mass-produce wood trim with ornate patterns quickly and cheaply, making complicated designs in bright colors available to everyday Americans.

Many classic Victorians are still standing, in almost every corner of the country. And many of these large vintage homes are deceptively affordable.

We turned up 10 Victorians on the market for less than $300,000—and they aren’t fixer-uppers, either. Many of the homes we’ve highlighted below have been lovingly updated, restored, and preserved, ensuring that these grand dames will have a bright future.

Get ready to dream about stained glass, fancy parlors, and idly sitting on the front porch, watching the carriages roll by.

637 Crescent Ave, Ellwood City, PA

Price: $224,000

Grove House: Built in 1891 by Captain Abraham C. Grove, this five-bedroom home has been fully restored. Many of the home’s original features remain, including two fireplaces, woodwork, pocket doors, and stained-glass windows. Recent updates include a new kitchen with quartz countertops, front and side porches, and a new bathroom in the main bedroom suite.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (1)

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518 Lincolnway E, Mishawaka, IN

Price: $159,900

Boggs House:It was originally built in 1898 by the Boggs family, and much of this Victorian home’s original charm remains, including crystal door knobs, skeleton key entry, beveled glass windows, inlaid design hardwood floors, and oak woodwork. There is some work ahead for an enterprising buyer—the place is being sold as is. With four bedrooms and nearly 2,800 square feet, there’s no limit to what new owners could do with the property.

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15 Hillside Pl, New Britain, CT

Price: $235,000

Mitchell House: Built in 1888 for Charles E. Mitchell, the attorney who wrote the charter for the town of New Britain, this four-bedroom Queen Anne Victorian looks like a million bucks. And the asking price is way less than that! The 2,700-square-foot home sits on more than a half-acre, and highlights include hardwood floors, coffered ceilings, and pocket doors, plus ornate woodwork and trim.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (3)

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307 Seminary St, Lodi, WI

Price: $274,900

Backyard oasis: Built in 1910, this Victorian was recently fully restored by its current owners, who also made over the lovely backyard. The three-bedroom home is highlighted with maple cabinetry, a copper sink, wood floors, and ornate chandeliers. There’s a deck out back along with a pergola, a shed, and a carport.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (4)

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116 W. Main St, Manchester, MI

Price: $279,900

Main Street masterpiece: This quaint four-bedroom Victorian was built in 1902 and sits on the city’s main drag. It includes original crown molding, a full wall of pass-through cabinets, and an updated bathroom. The double lot boasts a lovely yard and a detached two-car garage.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (5)

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16 Alden St, Worcester, MA

Price: $229,900

Green Victorian: This adorable home has been fully updated with green, environmentally advanced features, including solar panels, Marmoleum and bamboo flooring, and VOC paint. The three-bedroom home sits across the street from Oread Castle Park, a 3-acre open space with basketball courts, picnic tables, and outdoor fitness areas.

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545 McGhee St, Jellico, TN

Price: $185,000

Jellico gem: Built in 1902, this roomy five-bedroom, over 2,600-square-foot home features original woodwork and hardwood floors. There’s also a wraparound porch, three fireplaces, stained glass, a grand staircase, and plenty of natural light. Surrounding the home are fruit trees and blueberry bushes, and there’s a park right across the street.

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980 NE 2nd St, Dufur, OR

Price: $259,000

Mount Hood views: With views of Mount Hood from the second floor, this Victorian offers plenty to get excited about. Built in 1904, much of the three-bedroom home has been updated, including the kitchen, covered deck, windows, and a new roof.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (8)

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213 E. Union St, Rockton, IL

Price: $265,000

Farmhouse fabulous: Located in historic Rockton, this pastel-hued Victorian has five bedrooms and more than 2,400 square feet. Sitting on a large lot, the home has been restored to capture its original magic, while offering modern comforts. There’s a full glass conservatory and a covered wraparound porch, as well as a finished basem*nt.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (9)

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201 Fountain Ave, Paducah, KY

Price: $154,000

Tucked away from it all: Built in 1881, this home features soaring ceilings, an ample front porch with leaded glass alcove, and gorgeous staircase. The upstairs could be a total master retreat, with a main bedroom suite and a sitting room or office. The central bathroom has been recently updated, and the home’s backyard is overlooked by a deck.

Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (10)
Fancy, Yet Frugal: 10 Victorian Homes Under $300K You Can Buy Right Now (2024)

FAQs

How much of a house can I afford with 300k? ›

Even if you're paying a student loan or car loan, a $300,000 annual income means you can likely afford a home priced around $925,000. An income of $300,000 a year is more than four times the U.S. median household income of $74,580, so it gives you a good head start.

How much would a Victorian mansion cost? ›

Typically, most homeowners spend between $250,000 and $600,000. The average cost per square foot to build a Victorian-style home is $100 to $200. For homes with high levels of intricate Victorian architecture in their plans, the price can reach as high as $500 per square foot.

How do people afford a 600k home? ›

Following this logic, you would need to earn at least $300,000 per year to buy a $600,000 home, which is twice your salary. This is a general guideline, of course, and the exact amount you can afford to comfortably pay each month will depend on your financial obligations and goals.

What are the cheapest types of homes to buy? ›

Other inexpensive home types include modular homes, tiny homes, shipping container homes, and standard one-story ranch homes.

How much is monthly mortgage for a 300k house? ›

On a $300,000 mortgage with a 6% APR, you'd pay $2,531.57 per month on a 15-year loan and $1,798.65 on a 30-year loan, not including escrow. Escrow costs vary depending on your home's location, insurer, and other details.

What is the average monthly payment on a 300k house? ›

Monthly payments on a $300,000 mortgage

At a 7.00% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $1,996 a month, while a 15-year might cost $2,696 a month.

How much does a Victorian house cost to build? ›

“Building a Victorian home could cost as low as $200 a square foot depending on selections,” estimates Small. HomeAdvisor estimates that building a Victorian-style house would cost between $250,000 to $600,000, with specific pricing depending on location, size, features and detailing.

What qualifies as a Victorian house? ›

In Great Britain and former British colonies, a Victorian house generally means any house built during the reign of Queen Victoria. During the Industrial Revolution, successive housing booms resulted in the building of many millions of Victorian houses which are now a defining feature of most British towns and cities.

Can you still build a Victorian house? ›

Yes, you can still build Victorian houses. As stated earlier on this page, Victorian technically refers to a period rather than a style, so any home built in the present day would be in the style of a Victorian house.

How much house can I afford if I make $36,000 a year? ›

On a salary of $36,000 per year, you can afford a house priced around $100,000-$110,000 with a monthly payment of just over $1,000. This assumes you have no other debts you're paying off, but also that you haven't been able to save much for a down payment.

Can I afford a $200 K house? ›

Housing-affordability guidelines suggest spending no more than about one-third of your income on housing. So, by tripling the $15,600 annual total, you'll find that you'd need to earn at least $46,800 a year to afford the monthly payments on a $200,000 home.

What is the 28/36 rule? ›

According to the 28/36 rule, you should spend no more than 28% of your gross monthly income on housing and no more than 36% on all debts. Housing costs can include: Your monthly mortgage payment. Homeowners Insurance. Private mortgage insurance.

What is the cheapest shape of house to build? ›

A ranch-style house is generally more affordable to build because it has an easy, open floor plan and is traditionally available in a rectangular or U-shaped layout. Many have a dedicated patio space for homeowners to enjoy or easy outdoor access. Maintenance usually costs less for a ranch-style house as well.

Where is the cheapest place to buy property right now? ›

15 Cheapest States to Buy a House
  • Iowa. Median Home Price: $147,800. ...
  • Indiana. Median Home Price: $141,700. ...
  • Ohio. Median Home Price: $145,700. ...
  • Nebraska. Median Home Price: $155,800. ...
  • Kansas. Median Home Price: $151,900. ...
  • Mississippi. Median Home Price: $119,000. ...
  • West Virginia. Median Home Price: $119,600. ...
  • Oklahoma.
Apr 3, 2024

How much house can I afford at 350k salary? ›

One rule of thumb is to aim for a home that costs about two-and-a-half times your gross annual salary. If you have significant credit card debt or other financial obligations like alimony or even an expensive hobby, then you may need to set your sights lower.

What income do you need for an $800000 mortgage? ›

Ideally, you should make $208,000 or more a year to comfortably manage an $800,000 home purchase, based on the commonly used 28 percent rule (which states that you shouldn't spend more than 28 percent of your income on housing).

Can I afford a 300k house on a 70K salary? ›

If you make $70K a year, you can likely afford a new home between $290,000 and $310,000*. That translates to a monthly house payment between $2,000 and $2,500, which includes your monthly mortgage payment, taxes, and home insurance.

How much do you need to make to afford a 2 million dollar home? ›

Can I Afford a $2 Million Dollar Home? This would require about $31,325 of monthly income or about $376,000 of annual income. Keep in mind though that with lower interest rates or larger down payments, the amount of income required will fall significantly.

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