More like steal estate.<\/p>\n
With Golden State home costs up $330,000 from 10 years ago<\/a>, cash-strapped Californians are struggling to find an affordable domicile. Thankfully, there is at least one holdout where homebuyers can land a place to live without breaking the bank \u2014 the quaint, wooded cove of Eureka.<\/p>\n At this seaside escape of around 26,000 people<\/a>, known for its historic coastline and primeval-looking redwoods, houses sell for an average of $415,534 \u2014 over $350,000 less<\/a> than the median home price in the state.<\/p>\n For just $235,000, buyers can land a 1,478 square foot 3-bedroom 2-bathroom Victorian home in the woods,<\/a> which breaks down to just $159 per square foot.<\/p>\n Graph of the Eureka housing market over the years. Zillow<\/p>\n Craving more water than woods? Not to fear. A 860 square-foot two-bedroom, two bathroom property on the waterfront runs buyers $279,000.<\/a><\/p>\n This makes Eureka relatively affordable by California coastal standards. <\/p>\n Meanwhile, residents find that the coastal escape sits at the intersection of forest and sea, featuring both the towering forest trails of the Redwood National and State Parks as well as scenic marine preserves located just a ferry\u2019s ride away.<\/p>\n A waterfront property in Eureka for under $279,000. Google Maps<\/p>\n A Eureka property for $235,000. Google Maps<\/p>\n \t\t\t\t\t\t\tSign up for the California Morning Report newsletter\t\t\t\t\t\t<\/p>\n \n\t\t\t\t\t\t\tCalifornia’s top news, sports and entertainment delivered to your inbox every day.\t\t\t\t\t\t<\/p>\n \t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n \u201cStill in my mind probably the most beautiful places I\u2019ve seen,\u201d gushed one lifelong resident on Reddit.<\/a> \u201cI always take for granted the absolute majesty of the Redwoods, which are stunning and IMPOSSIBLY huge. The beaches are so beautiful and not swarming with people, just the nature in general is incredible.\u201d<\/p>\n Others noted the isolation and poor job prospects in Eureka, where unemployment sits at 5.4%<\/a> \u2014 higher than the national average of 4.54% \u2014 and the median household income is $64,980 compared to the national average of $83,181.<\/p>\n \u201cJob opportunities are limited, unless you are in blue collar trades (I am) then you have plenty of opportunities,\u201d said the same Redditor. \u201cTraveling in and out of the area is tough due to the terrain and lack of an international airport. It\u2019s at least 3 hours from a big city and an interstate highway.\u201d<\/p>\n \u201cEureka has a severe homeless and drug problem,\u201d said another. \u201cThe stuff people deal with in Eureka isn\u2019t normal.\u201d<\/p>\n Eureka isn\u2019t the only place where home buyers can land a domicile for a steal.<\/p>\n In Crescent City, a small town of about 7,000 people<\/a>, property hunters can snag an affordable beach house for just over $300,000.<\/p>\n In fact, the average price for homes that are within walking distance or a short drive from the beach in Crescent City is $353,000 \u2014 far lower than any of other costal town, according to an analysis by the Chronicle.\u00a0<\/p>\n Download The California Post App, follow us on social, and subscribe to our newsletters <\/p>\n California Post News: Facebook<\/a>, Instagram<\/a>, TikTok<\/a>, X<\/a>, YouTube<\/a>, WhatsApp<\/a>, LinkedIn<\/a> \t\t\t\t\t\t
California Post Sports Facebook<\/a>, Instagram<\/a>, TikTok<\/a>, YouTube<\/a>, X<\/a>
California Post Opinion<\/a>
California Post Newsletters: Sign up here!<\/a>
California Post App: Download here!<\/a>
Home delivery: Sign up here!<\/a>
<\/a>Page Six Hollywood: Sign up here!<\/a><\/p>\n