Real estate is a good investment, but it requires lots of scrimping and saving and even taking out loans. Right? Fortunately—no. There are some amazing deals and fabulous houses out there that won’t break the bank and will leave you very happy. Especially since some homes cost a grand total of 0 dollars.

One of the best places to find low-priced but beautiful properties is the Cheap Old Houses Instagram account that has over 1.3 million loyal followers. The account has helped countless Americans and Europeans find their new homes and showcases the country’s hidden gems.

So scroll down, dear Pandas, upvote your favorite houses, and share which properties you liked the most and why.

More info: Instagram | Facebook | CheapOldHouses.com | CircaOldHouses.com

#1

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JessG
Community Member
1 month ago

This is beautiful

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#2

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Tabitha L
Community Member
1 month ago

Those stairs are incredible.

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#3

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R. Searle
Community Member
1 month ago

This house is magnificent!

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The Cheap Old Houses Instagram page is run by husband and wife Elizabeth and Ethan Finkelstein. Elizabeth is also the founder of Circa Old Houses, a company dedicated to selling historic homes to buyers who want to preserve them.

“There are a lot of people out there who look at a house and think, Wow, this looks like a lot of work. And then there are the people who look at the same house and think, That looks like a lot of work—and I cannot wait,” Elizabeth told Garden & Gun.

For her, it’s vital that these iconic buildings and American and European history be preserved. “In so many instances, these homes are vulnerable to being flipped or destroyed. They also kind of go under the radar. Real estate agents are not making a huge commission off of a thirty-thousand dollar house, and so generally they don’t do the extra things, like hire professional photographers.” 

#4

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Tabitha L
Community Member
1 month ago

Yes please!

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#5

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F. H.
Community Member
1 month ago

Old country inns are often really cheap in Germany. They are too expensive to maintain as housing for yourself, too expensive to convert into apartments and not worth the trouble to run them as a restaurant or hotel. Otherwise, I would have bought one long ago.

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#6

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Megan Curl
Community Member
1 month ago

Lots of work needed on rotting wood on the exterior. Pretty tho.

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The homes that Elizabeth and Ethan feature on their page are generally under 100k dollars. But the price can be as low as 2.5k dollars, 1k dollars, and… free! You can’t really get a better deal than that, unless somebody actually pays you to live somewhere.

It’s a win-win situation. Anyone who’s looking for a family home gets to put down roots without getting up to their necks in debt; meanwhile, Elizabeth and Ethan get to preserve history and build up the community of old house lovers.

#7

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Tabitha L
Community Member
1 month ago

The outside makes me think of Snow White and the Seven Dwarves.

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#8

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kjorn
Community Member
1 month ago

love the porch!

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#9

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Patti Brock
Community Member
1 month ago

I love this!

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“We believe that you’re being sold the wrong American dream. Contrary to what everyone else says, you don’t actually need to buy a million-dollar house and go into extreme debt to live a satisfying and beautiful life,” they write on their website. “Our philosophy of life is simple. Work hard. Find something beautiful, something well-crafted. Something that needs you. Nurture it. Learn about it. Spend time honing your skills so you understand it. Teach your family to do the same. And give back to history while doing it.”

#10

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Aria Whitaker
Community Member
1 month ago

That last room has some pretty extensive water damage on the ceiling...hope it is nothing too severe, that can get pretty costly!

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Evil Little Thing
Community Member
1 month ago

Not listed: the $150,000 of necessary repairs.

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#12

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Pseudo Puppy
Community Member
1 month ago

how is real estate soooooo cheap in the US???? In Sydney Australia, a 2 bedroom apartment, build in the 80's or earlier, 40 minutes out from the city, can still cost you $500,000+

KatHat
Community Member
1 month ago

Because it's about location. Many of these homes will be far out in the suburbs or in small towns that are dying. The most beautiful house in the world will be useless to most people if you have to drive forever to go anywhere and if the closest shop is an hour away.

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Amy Foley Clark
Community Member
1 month ago

Nice house but I've been to Cairo Illinois and it is a very impoverished town. Also it floods.

Jo Jo Jones
Community Member
1 month ago

In the uk the further into the country side the property is, the more expensive it is, hence why there's no uk property on this list

Randy Klefbeck
Community Member
1 month ago

I think Lizzie Borden killer her parents here.

Ellen Daniels
Community Member
1 month ago

Imagine slum housing all around one of these gorgeous old homes, and the expectations of anyone who had enough money rehab and operating costs. There are reasons that these homes are offered for far, far less than your average ****-box dwelling in a livable area. However, our real estate is still much less expensive than yours. We had/have more developable land, I guess. Location matters. In Cleveland, Ohio a home that goes for 80,000. will cost $600,000 on a newly gentrifying street in Portland Oregon. More in California. Further, we are largely a car-required society. Much if not most of our housing is "bedroom communities" which are neighborhoods where a trip to the store for milk requires a drive. In Ohio, even avid cyclists tend to park their bikes from November to April at least, due to weather conditions.

Cybele Spanjaard
Community Member
1 month ago

Just lovely. How are these so cheaply priced?

Azure Adams
Community Member
1 month ago

What is it with wallpaper?! It's ugh!! Stop!!!

Laura Jones
Community Member
1 month ago

window seat would be my ideal place to read

Timothy Sykes
Community Member
1 month ago

Just saw a YouTube video about this town. Everybody's leaving. No one wants to live here because of unemployment and no economy.

Meyer Weinstock
Community Member
1 month ago

Do I have to pronounce Cairo as Kay-Row?

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#13

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Elli Rahim
Community Member
1 month ago

Gorgeous house! Such beautiful craftsmanship!

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#14

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AA Matty
Community Member
1 month ago

I will kill anyone that removes those lovely room divisions in order to have a more of an "open concept" feel. Love it.

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kjorn
Community Member
1 month ago

i can imagine tom hanks try to repair the door

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#16

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JuJu
Community Member
1 month ago

The keyhole window is awesome.

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#17

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Mary Tual
Community Member
1 month ago

as a french person who recently bought a house I would say this is not so expensive but definitely not cheap considering where the house is and the work that needs to be done

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Michelle Carlson
Community Member
1 month ago

Love that breakfast nook!

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#19

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#20

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Cybele Spanjaard
Community Member
1 month ago

Out of the way but ideal for a country environment lifestyle

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#21

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Cybele Spanjaard
Community Member
1 month ago

The ideal French farm house and stable

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JuJu
Community Member
1 month ago

You get a ghost certificate with this one?

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#23

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Steve Cruz
Community Member
4 weeks ago

The floorboards are cupped, which indicates moisture problems.

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#24

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jamie1707
Community Member
1 month ago

That ones for me! Excuse me while I print some money.

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#25

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Meyer Weinstock
Community Member
1 month ago

It's Bodfish. Sure, Lake Isabella is nice, but the only employer is the state prison in Tehachapi.

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#26

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R. Searle
Community Member
1 month ago

That’s an odd bed.

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#27

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Megan Curl
Community Member
1 month ago

The town is, literally, a “ghost town.”

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#28

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ƒιѕн
Community Member
1 month ago

You would never get a ROI with this sitting in Wanette. Unless you just have some cash to waste on building in a ghost town.

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#29

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R. Searle
Community Member
1 month ago

I lived in Georgia for over a decade, and never heard of Louisville, so my guess is it’s right smack dab in the middle of Georgia with a Dollar General serving as it’s only grocery store.

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#30

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Toasty
Community Member
1 month ago

I grew up in Syracuse. It's an industrial crap-hole, plus that house looks like it will fall down at any minute.

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Note: this post originally had 60 images. It’s been shortened to the top 30 images based on user votes.