The phrase signifies a seek for residential properties inside an in depth proximity to the person conducting the search, with a value level not exceeding 100 thousand {dollars}. For instance, a person at the moment residing in Austin, Texas, would possibly use the phrase to find reasonably priced housing choices of their fast geographical space.
The importance of figuring out properties on this value vary lies in its potential to facilitate homeownership for people with restricted monetary sources. Traditionally, entry to reasonably priced housing has been a problem for a lot of, and the flexibility to pinpoint choices inside funds generally is a essential step in direction of constructing fairness and monetary stability. This search time period displays a necessity for accessible and geographically handy housing options.
