Boise is a gem in the Pacific Northwest that often flies under the radar but boasts more than a few unique attractions and characteristics that make it stand out. From its serene outdoor spaces to a burgeoning arts scene, Boise combines the warmth of a small town with the perks of a larger city. Whether you’re considering renting an apartment in Boise or just curious about what makes it tick, this guide will walk you through the highlights that define Idaho’s capital city. Let’s explore what Boise is known for.
1. The Boise Greenbelt
Boise is a haven for outdoor enthusiasts, thanks in large part to the Boise River Greenbelt. This extensive network of trails and parks stretches over 25 miles, offering residents and visitors alike a picturesque route for biking, walking and jogging. The Greenbelt connects Boise’s downtown area with lush riverside parks, providing a natural escape in the heart of the city. It’s a perfect example of Boise’s commitment to preserving green spaces and promoting an active lifestyle.
2. Boise State University and the blue turf
Boise State University is a cornerstone of the community, known nationally for its unique blue turf football field. Home to the Broncos, the university brings energy and excitement to the city with its athletic events, particularly football games that draw fans from across the nation. Beyond sports, BSU is a center for academic excellence and events, contributing significantly to Boise’s lively atmosphere and community engagement.
3. Boise Art Museum
The Boise Art Museum (BAM) in Boise, Idaho, is a cool spot for art lovers. Since 1937, it’s been showcasing everything from historic to modern art, with a special nod to American and Pacific Northwest pieces. They also host fun workshops and events, making art accessible for everyone in the Boise community.
4. Historic Hyde Park
Situated in the North End area, Hyde Park is the heart of Boise’s historic district. This charming area is lined with well-preserved early 20th-century architecture, quaint shops and cozy eateries that offer a glimpse into Boise’s past. It’s a favorite spot for locals to spend a leisurely afternoon shopping, dining or simply enjoying the neighborhood’s nostalgic ambiance.
5. The Boise River
The Boise River is more than just a backdrop for the city; it’s a focal point for recreation and leisure. During the warmer months, residents flock to the river for tubing, kayaking and fishing. The Annual Boise River Float is a highlight of the summer, attracting people of all ages to enjoy a leisurely float down the river.
6. Finger steaks
Boise finger steaks are a popular regional dish originating from Boise, Idaho. Essentially, they are pieces of steak that have been cut into long, thin strips, battered and deep-fried. This regional dish is often served with a side of fries and a few dipping sauces, typically cocktail sauce, ranch dressing or a spicy hot sauce.
7. Idaho State Capitol
Boise’s history is alive and well in landmarks like the Idaho State Capitol Building and the Old Idaho Penitentiary. These sites offer a window into the state’s past, from its early days as a frontier town to its development into the thriving city it is today. Tours of these historic sites provide insight into the people and events that shaped Boise and Idaho at large.
8. Boise Foothills
The Boise Foothills provide a stunning backdrop to the city and a playground for outdoor enthusiasts. With hundreds of miles of trails for hiking, mountain biking and running, the Foothills are easily accessible from the city and offer breathtaking views as well as a chance to connect with nature. This proximity to the great outdoors is a defining feature of Boise’s lifestyle.
9. Downtown Boise
Boise’s downtown area is the heartbeat of the city, combining historic charm with modern vitality. With an array of shopping, dining and entertainment options, downtown Boise is a bustling hub of activity day and night. The area’s walkability and the variety of events held throughout the year, from farmers’ markets to festivals, make downtown an essential part of Boise’s identity.
10. Community spirit and quality of life
Perhaps what Boise is most known for is its strong sense of community and high quality of life. Residents pride themselves on a friendly, welcoming atmosphere that makes newcomers feel at home. The city’s safe neighborhoods, excellent schools and community-oriented initiatives reflect Boise’s commitment to fostering a supportive and strong community.
When home-furnishings mogul Evan Cole set out to build a home in Los Angeles, he wanted a classic design that would mesh seamlessly with his neighbor: the famed 110-acre Getty Center with its curved, marble buildings.
“The whole goal was to…make sure it matched the Getty—that it didn’t look out of place up there,” said Cole, who co-founded the home division of ABC Carpet & Home in New York City in the 1980s and later, California-based home furnishings company HD Buttercup.
Working with architect Thomas Juul-Hansen, Cole spent more than five years building a roughly 15,000-square-foot house clad in travertine marble. During that time, his family relocated to Aspen, Colo., and he is now putting the six-bedroom house on the market for $68 million, according to listing agents Branden and Rayni Williams of the Beverly Hills Estates, who have the listing with Kurt Rappaport of the Westside Estate Agency.
More: Emma Stone Sells Bright Los Angeles Mini-Compound for $4.3 Million
“Doing this house is the culmination of all of my work, to be honest with you,” said Cole, 63, a Queens, N.Y., native.
The roughly 2-acre Brentwood property sits on a hilltop next to the Getty Center. When he drove up to the L.A. property in the early 2000s, Cole said he was immediately attracted to the location’s privacy and views. “When you’re there, you don’t feel like anybody can see you,” he said. “It’s like having a perch.”
He paid about $5 million for the site in 2004, he said. At the time, the property contained a “cool California ranch” house spanning 2,000 square feet. Cole lived there with his wife and two children there for eight years while he mulled over plans for a new residence. “Every day, I was like, ‘I’ve got to do something with this place,’” he recalled. “It took me eight years to figure it out.”
Cole was hung up on the idea of building something classic that would be “symbiotic” with the Getty next door, he said. He credited Juul-Hansen with designing a building that could be a “sister” to the museum.
MANSION GLOBAL BOUTIQUE: The New Old School: Eclectic Grandpa Home Decor
The three-story residence has 20-foot ceilings in the entryway and living room, which feature frameless glass sliding doors. A gym overlooking West L.A. has 60 feet of glass. “From every angle in the house, you have a view,” Cole said. Atop the house, there is a roughly 5,000-square-foot roof deck.
The house has two primary bedrooms and a “mother-in-law suite” with its own kitchen, Cole said. There is also a wine room and a spa with a sauna and massage room. The grounds have a kidney-shaped pool that cantilevers over the hillside.
Most of the materials came from Europe, including solid oak doors, Murano lighting and acoustic wood panels for the ceiling, Cole said. The house is clad in travertine sourced from the same quarry in Italy that provided the materials for the Getty. Cole said he relied on his contacts to source materials for the house. “I know where to buy the good stuff,” he said. “I could not have done any of this if I were not in the business.”
More: $20 Million Penthouse Is The Biggest Sale So Far This Year on Manhattan’s Upper West Side
Cole declined to say how much he spent building the house. Before it was completed, Covid hit and his family relocated to Aspen. Although he travels between Colorado, New York and L.A., he doesn’t want to uproot his children by moving them back to L.A. “It’s time to move on,” he said.
While Cole said he planned to move into his latest creation, he has never even spent the night. (He does, however, keep bottles of Fiji water in the fridge.) He has built several family homes in New York and L.A., he said, and feels that building is about the journey, not the result. “I have felt like whoever gets it, it’s theirs,” he said. “I’m like it’s shepherd rather than its master.”
Despite a slowdown in the luxury market nationwide and in L.A., the number of single-family home sales in Brentwood during 2023’s fourth quarter rose 15.6% compared with the prior-year period, according to real-estate appraisal firm Miller Samuel. The median sale price for single-family homes grew 3.8% year-over-year to $4.3 million.
While the overall L.A. market has softened, Brentwood and Pacific Palisades have remained attractive, seeing “a really good uptick” in deals, Branden Williams said. “Everybody loves to be on the west side,” he said.
Burrell countersued earlier this month, arguing that he shouldn’t have to pay the bank back since it knew he was using the business credit for personal expenses.
The bank has asked an Aspen judge to let it foreclose on six of Burrell’s properties as collateral.
Public records show that the businessman owns two homes in Basalt, Colo. and a 190-acre ranch in New Mexico, valued at $21.1 million, which is currently up for auction.
However, per a report on luxury real estate listings site Mansion Global, only one of Burrell’s five children are still living at home, so Burrell and his wife, Nikola, have decided to downsize.
First Western reportedly wants to foreclose on Burrell’s home in Aspen and ranch near the affluent ski town, as well as a property in Nantucket and land in Vero Beach, Fla., according to The Denver Post.
In his countersuit, Burrell argued that if First Western forecloses on his properties, “Burrell, Burrell’s wife, and Burrell’s minor children are at risk of losing their primary residence and have incurred emotional distress,” according to the countersuit, The Denver Post reported.
In a bizarre twist, Burrell also argued that it was “improper” for the bank to give him business loans when it was well aware most of the funds would be spent on his personal life — such as his divorce payments, buying a yacht and building a house in Basalt, Colo.
“Additionally, First Western did not make a reasonable and good faith determination at or before consummation that Burrell had a reasonable ability to repay,” his countersuit states, per The Denver Post.
The bank also didn’t allow him to refinance, didn’t consistently provide him with paperwork for the loans and wrongly accepted his personal homes as collateral, Burrell alleged, the outlet reported.
Burrell’s counsel, attorneys Sarah Auchterlonie and Courtney Bartkus in the Denver office of Brownstein Hyatt Farber Schreck did not immediately respond to The Post’s request for comment.
The Post has also sought comment from First Western Bank.
First Western’s CEO Scott Wylie referred to “a client we’ve had since 2018” who is “facing a liquidity crunch and becoming delinquent on their payments,” during an earnings call in October.
He noted that the bank had to declare the loans in default in order to seek the collateral, but assured: “We think we’re going to have a full recovery.
The real estate collateral that we have is in some very desirable markets. It’s in Aspen, it’s in Nantucket, it’s in (Florida),” he said.
Though Wylie didn’t name the borrower, Burrell argued that analysts listening to the call were able to figure it out, according to The Denver Post.
Burrell said that one listener even called him to ask about his personal finances.
This has caused Burrell and his investment company “reputational harm and public disgrace,” he argued.
Last month, Burrell and his second wife opened an auction for an 8,400-square-foot estate located on Aspen’s Red Mountain — the Burrell family’s “primary home,” according to Mansion Global — and a nearby, 4,200-acre ranch in Carbondale as part of an $86.5 million package.
Two of his children from his first marriage with Australian jewelry magnate Katherine Jetter are in college, while his third child with Jetter is set to head off to college next year.
Burrell also has two kids with Nikola — one of which is at a boarding school in Boston, leaving just one at home, according to Mansion Global.
Sotheby’s Concierge Auctions led the bidding, and has since marked the ranch on its website as “sale pending,” while the Red Mountain home’s bid deadline has been extended to Feb. 15.
Burrell, the founder of investment firm The Burrell Group, claimed that First Western’s lawsuit violates federal lending laws as it interferes with the auction of his Red Mountain estate, a property valued at $38.5 million.
He is also seeking damages for what he claims was an invasion of privacy and public outing of his financial situation by First Western, The Denver Post reported.
If you’re in the market for a home, you may have come across the term “single-family home” and wondered what it means and if that is what you are looking to buy.
Generally, a single-family home refers to a freestanding home set on its own piece of property. It can be occupied by a single individual or a large family, as long as it’s occupied by a single household.
Owning a single family home comes with a number of benefits, including more privacy and space than other types of residential properties. However, this type of home also tends to come with a higher price tag and more responsibility. Here’s a closer look at what single family homes are and the pros and cons of buying one.
What Is a Single-Family Home?
Generally speaking, the term single-family home refers to a home that is designed for, occupied by, and maintained by one person or household. When you buy a single-family home, you will own both the home and the property it sits on. This is in contrast to other types of properties, such as condominiums (condos), where you only own the interior of your unit and share ownership of common areas with other homeowners in the complex.
In most cases, a single-family home is defined as one that is freestanding and not attached to homes owned by other individuals. However, the government has a broader definition. According to the U.S. Census Bureau, a single-family home includes fully detached homes, as well as semi-detached row houses and townhouses. In the case of attached units, the units must be separated by a ground-to-roof wall in order to be classified as a single-family structure. Also, these units must not share heating/air-conditioning systems or utilities.
In some places, a single-family home is defined in part by how many kitchens it has. Depending on zoning laws, adding a second full kitchen to an in-law’s apartment, for example, can cause a house to be redefined as a multi-family building. If you’re planning on doing this type of renovation, be sure to check local zoning laws beforehand.
Whether a home is classified as a single-family or multi-family home can have an impact on the type of mortgages you qualify for. Both single-family homes and two- to four-unit properties fall under residential lending guidelines. (A property with five or more units is considered commercial property.) You can use a conventional mortgage to purchase a home with four or fewer units, whether it’s a single- or multi-family home. If you’re buying a multi-family home with five or more units, you must use a commercial mortgage. Commercial mortgages have different terms than residential mortgages do. 💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
Pros and Cons of a Single-Family Home
As you shop for homes, it’s important to consider the various advantages and disadvantages of a single-family residence.
Some of the advantages are:
• More space Single-family homes tend to offer more space than other types of housing, and it belongs to you alone. They may have large yards where children and dogs can play or where you can plant a vegetable garden. They may also have storage in attics, garages, or basements, which aren’t shared between multiple units.
• Privacy Single-family units that don’t share walls with neighbors offer more privacy. You are less likely to hear neighbors’ activities, and they are less likely to be bothered by yours.
• More design features Single-family homes may be available in a broader range of designs and layouts, from Cape Cods or colonials to ranch homes and contemporary designs. You can also make changes to the building or landscape design without input from neighbors with a shared interest in the space.
• Room to grow Single-family homes may offer you more options for additions if you have a growing family or if aging parents may come to live with you. For example, single family detached homes with larger plots of land may allow additions that wouldn’t be possible in condo units.
• May offer higher appreciation Single-family homes tend to appreciate in value more than condos and townhouses.
• Option to rent As the sole owner of a single-family home, you have the option to rent out the house if you decide to move and wish to hang on to the property.
While these factors are attractive, it’s important to weigh potential disadvantages of buying a single-family home as well. Here are some to keep in mind:
• More expensive Single-family homes tend to be more expensive than other types of homes. That can mean a larger down payment and higher closing costs, and your mortgage payments may be higher.
• More maintenanceUnless your single-family home is part of a homeowner association (HOA) that provides basic services, you’ll be in charge of all home maintenance like lawn mowing and roof repairs. You’ll either have to take the time to do it yourself or hire help.
• Possible HOA fees Planned developments usually require HOA fees to cover the upkeep of common areas and shared structures.
• Less income potential With multi-family homes, you have the option to live in one unit while renting out the others. This allows you to bring in regular income to cover the cost of the mortgage and maintenance expenses.
Finding a Single-Family Home
Before you start looking for a single-family home, you’ll want to first determine how much home you can afford. You might start by calculating mortgage costs and getting prequalified for a home loan; prequalification often only takes a few minutes and provides an estimate of how much you might be able to borrow and at what rate (without impacting your credit).
You’re probably already searching real estate listings online and noting the property types. You might also want to do some research on housing market trends, especially if you live in one of the nation’s real estate hot spots.
You may also want to engage a real estate agent. They have expertise in local housing and zoning laws, know whether a list price is fair or above or below average, and can help you negotiate the price of a home you’re interested in buying.
If there’s any question about how a house is zoned, you can often look up zoning information through a particular city’s website.
Recommended: First-Time Home Buyer’s Guide
Who Should Get a Single-Family Home?
Single-family homes are a good fit for people who can cover the higher price tag, want privacy and flexibility, and are willing to take on a lot of responsibility.
If you qualify as a first-time homebuyer, there may be help available to buy a single-family home in the form of down payment assistance and low- or no-interest loans.
If you’re looking for a more affordable home and don’t mind giving up some privacy, you might want to consider a condo or townhouse.
A condo is like an apartment but is available for purchase. These units share walls with neighboring units, but you generally won’t have to worry about maintaining the property.
A townhouse, on the other hand, has multiple stories and will share one or two walls with other units. Like condos, townhouses are typically less expensive than single-family homes. Unlike a condo, you’ll own the property that the townhouse sits on.
If you’re looking to invest in real estate, you might consider buying a multi-family home. While this will likely cost more than a single-family home, you may be able to recoup the added cost (and, over time, earn even more) by collecting rent from tenants. 💡 Quick Tip: To see a house in person, particularly in a tight or expensive market, you may need to show the real estate agent proof that you’re preapproved for a mortgage. SoFi’s online application makes the process simple.
If You’re Thinking of Purchasing a Single-Family Home, SoFi Home Loans Can Help
Single-family homes are one of the most popular real estate options and often what people envision when they think about achieving the dream of home ownership.
This type of property typically sits on a parcel of private property and doesn’t share walls with neighbors, affording you a high level of privacy. You generally have more control over making enhancements to your home than you have with other types of properties, and usually have access to extra storage, including exterior storage space like a shed or garage.
However, don’t forget to consider the added responsibilities and costs when deciding on the right type of home for you and your family.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
How much does a single-family home cost?
The median price for an existing single-family home — one that’s already standing, not new construction — was $387,600 as of November 2023, according to the National Association of Realtors.
How much do I need to build a single-family home?
The cost of building a single-family home (not including land) can range anywhere from $42,000 to $900,000-plus depending on the home’s type and size and where you build. On average, the cost to build a house in the U.S. is about $329,000.
Can you get a loan to build a single-family home?
If you’re planning to build a single-family home from scratch, you can apply for a construction loan. With this type of loan, money is usually advanced incrementally during construction, as the home-building project progresses. Typically, you only pay interest during the construction period. Once the construction is over, the loan amount becomes due, and it is converted into a regular mortgage.
Photo credit: iStock/Dean Mitchell
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Inside: Looking for delicious, budget-friendly meals? Look no further! This guide has 100+ delicious and frugal recipes that will help you stick to your food budget.
When it comes to keeping your grocery budget in check, meal planning is a powerful tool. It can simplify your life, save you precious time, and stretch your dollars further.
You don’t always need pricey ingredients to whip up something delicious. Creating frugal meals doesn’t mean you have to compromise on flavor.
Sometimes, a frugal meal could mean something cheaper but equally, if not more, delicious than takeout! The key to this art is using simple, inexpensive ingredients, being creative in their application, and not shying away from condiments, herbs, and spices that can elevate your dish.
Remember, eating frugally is not just cost-effective but also simple and stress-free, utilizing common kitchen staples, and easy-to-locate items.
Join me on my mission to make frugal meals that are adored by my family and my thrifty self appreciates.
Frugal Breakfast Ideas:
A frugal breakfast should not equate to boring. Here are a few ways to start your day off right without stressing your wallet:
Waffles/Pancakes: These could be made with basic ingredients like flour, eggs, and baking powder. Top with peanut butter or dust of cinnamon sugar for extra flavor!
Eggs: Cooked to your preference, be it fried, boiled, or scrambled, they are not only easy on the pocket but also a rich source of protein.
Oatmeal: Buy oats in bulk and pair them with over-ripe bananas, pumpkin butter, or a sprinkle of brown sugar. It’s a hearty and filling for just about anyone.
Muffins: Basic muffin ingredients include flour, eggs, and baking powder. For an element of surprise, add in nuts, blueberries, or mashed bananas.
French Toast: With eggs, cinnamon, and loaves of French bread, you can whip up a scrumptious breakfast.
Homemade Bread/Toast: If you’re up to the task, making your own bread could be a money-saving option. This is something I do with sourdough bread. Pair the fresh bread with either sweet or savory toppings.
Omelets: Eggs are a cheap source of protein. Whip up an omelet and serve it with your choice of inexpensive veggies.
Homemade Biscuits: Biscuits are a great addition to any frugal breakfast, with just “milk” and flour ingredients. Pair them with a little meat or enjoy them in butter. Just like my great Aunt Marie made at the ranch.
Choose Spice for Breakfast: This recipe for Mexican baked eggs uses budget friendly canned beans and eggs as a protein source. It’s super simple to make in less than 30 minutes, with eggs baked in a smoky, spicy tomato sauce with black beans, poblanos, and corn. Serve with plenty of corn tortillas for a super satisfying meal.
Frugal Lunch Ideas:
Lunch should be something to look forward to, even if you’re on a tight budget. Here are frugal lunch ideas that keep your tummy and your wallet happy.
Salad: A salad is an excellent choice for a frugal lunch, it’s both cost-effective and healthy. Based on what’s available in your fridge, you can combine different vegetables, proteins, and dressings to create a filling and tasty meal every day.
Sandwiches: The humble sandwich can be as frugal or as lavish as you like. Tuna, grilled cheese, peanut butter, and jelly, ham… you name it, sandwiches offer a great variety.
Homemade Soup: Consider creamy potato soup, creamy vegetable soup, or even curried cauliflower soup. They can be light yet fulfilling, and the ingredients are reasonably priced.
Toast Pizza: Save money by using toast as your pizza base, add what you have in the fridge, top it off with cheese, and cook it under the grill or in the oven.
Baked Potatoes: A toasty baked potato with butter is a delightful, inexpensive lunch. Top it up with fillings such as cheese or broccoli.
Remember, lunch doesn’t have to be expensive to be delicious! Use what you have at home for a more sustainable, economical, and satisfying meal.
Frugal Dinner Ideas:
Dinner is the time when families come together, share their day, and unite over food. There’s a common misconception that frugal foods are bland and monotonous. However, you don’t have to spend a fortune to make dinner delicious and satisfying.
Spaghetti: Who knew that the ultimate comfort food could be so cheap? Combine spaghetti with homemade tomato sauce or cheese, add your favorite seasonings, and voila! You have a delicious meal.
Baked potatoes: Fully customizable and super simple to be a dinner game-changer. Top them with cheese, sour cream, or any other leftovers like chili!
Stir Fry: This is a perfect way to use up any veggies you have. Throw in some meat if you have it, cook with rice and tasty sauce, and your stir fry is ready!
Tacos: Pick up tortillas, get ground beef, or use dried beans, lettuce, and salsa, and there you have your Taco night. You can also swap out the beef for beans, and it’ll still taste delightful.
Breakfast for Dinner: Who said breakfast foods are only for mornings? Whip up scrambled eggs, toast, or pancakes, and enjoy a breakfast-style dinner!
Creating a delicious, nutritious, and frugal dinner can be easier than you might think. It’s all about making the most out of the resources you have, every day.
Recipe Breakdown : Variety Of Frugal Meals
Satisfying Soup & Salad Recipes on a Shoestring
When it comes to frugality, nothing beats the soup and salad combination. These meals are not only hearty and satisfying but also easy on your wallet. With just a few ingredients, these recipes will bring variety and nutrition to your kitchen without putting a strain on your wallet.
Here are a few of our favorite frugal soup and salad recipes:
The Best Chicken Soup Recipe: Simplicity meets flavor without breaking the bank. Utilizing affordable ingredients and leftover chicken, this soup is a testament to how economical choices can still yield rich, comforting results.
Cauliflower and Bacon Soup:
Instant Pot Three Sisters Soup: A blend of corn, beans, and squash.
Root Vegetable Soup: Healthy, comforting, and made with only a few simple and inexpensive ingredients! It’s prepared with veggies like carrots, parsnips, rutabaga, and potatoes simmered in a savory broth.
Healthy Roast Pumpkin and Sweet Potato Soup: Winter favorite loaded with nutrients.
Instant Pot Cabbage Roll Soup: Comfort food at its best.
Smoky Black Bean Soup: Protein packed, tasty, and hearty.
Hearty Lentil Soup: Healthy and will keep you warm during the winter! It’s made with only a few ingredients and requires no special equipment. This soup is made with lentils, veggies, and spices simmered in a savory tomato broth.
Vegan Coconut Curry Lentil Soup: Exotic, aromatic, and down-right delicious.
Instant Pot Split Pea Soup Recipe: Classic soup, ready in no time.
Vegetable Barley Soup: With protein-rich chickpeas, cabbage, potatoes, and the twist of curry spices, this soup is easy, comforting, and delicious!
The Very Best Ham And Potato Soup With Peas: Savory, delicious and economical.
Cheap and Easy Hamburger Soup: Mouthwatering and super easy to prepare.
Creamy Vegetarian Potato Soup: Originally named 45-Cent Potato Soup because that was how much it cost per serving over a decade ago! The cost has increased a bit but this hearty potato soup is still a keeper. Creamy potato soup with veggies and milk – thick, velvety, and hearty. It’s on constant rotation at our house!
Moreover, when it comes to salads, using seasonal produce, beans, or leftover veggies can be an affordable way to create nutritious meals. Add chicken, tuna, or boiled eggs for protein, or keep it simple with fresh greens and a homemade dressing.
Remember, a frugal lifestyle does not mean you have to compromise on taste or variety. It’s about being creative with what you have!
Cut Costs with these Cheap ‘n Cheerful Chicken Recipes
Dinner necessity is the mother of so many amazing chicken dinners! Plus it is an excellent protein option that can be inexpensive, especially if you seize sales or buy in bulk.
Maple Chicken & Potato Supper: This recipe turns an affordable cut of chicken and two types of potatoes into a family favorite.
One-Pot Chicken and Potatoes: Chicken thighs are cheap, add in potatoes, onions, and carrots for a hearty comfort meal.
Leftover Chicken Curry and Vegetables: Lots of recipes use leftover chicken or turkey. But this “All the Leftovers” Chicken Curry also uses your leftover vegetables. Clean out your refrigerator today!
Instant Pot Chicken Tortilla Soup: A quick, deliciously rich, and slightly spicy meal made up of chicken, black beans, and stewed tomatoes.
Crockpot Chicken Tacos: With just 3 ingredients and 5 minutes of prep, this is a lifesaver for busy nights.
Chicken Curry and Quinoa: Simple, tasty, and feels like a treat without the expense.
One Pan Baked Chicken Thigh Recipe with Green Beans and Red Potatoes: This recipe is easy and inexpensive when you grab the chicken thighs on sale! It is easy to prepare, a healthier option and a family favorite!
Cheesy Chicken Quesadillas: A perfect, weeknight meal.
Slow Cooker Chicken Thighs with Potatoes and Carrots: A value for money meal with chicken thighs – one of the cheapest chicken cuts.
One-Pan Chicken Legs with Chickpeas and Quinoa: A wholesome, naturally sweet dish with a few spices.
Easy Cheesy Chicken Taco Spaghetti: Made with pantry staples, this comforting dinner recipe is frugal and filling. Full of pasta, creamy sauce, and canned chicken, your family will be asking for seconds!
Chicken Fried Rice: Uses leftovers efficiently, add veggies, and you have a meal.
Easy Pizza Chicken Recipe: A low carb and high protein meal, especially when you use ordinary cheddar.
Remember, maximizing flavor in cheap chicken recipes often relies on using good quality, inexpensive ingredients, and cooking techniques like slow cooking or sautéing. Happy cooking!
Beautiful Beef Dishes that Benefit Your Wallet
When trying to maintain a frugal lifestyle, using affordable cuts of beef like ground beef, shin, or skirt steak can yield mouth-watering meals that don’t bust the budget. Here are a few beef recipes that are both economical and satisfying:
Ground Beef Stroganoff: A classic comfort food that is simple, quick, and incredibly hearty.
Poor Man’s Stew: An excellent choice for a filling, cheap, and tasty meal for a whole family.
Simple Hamburger Hotdish: This simple hamburger hotdish (casserole) makes delicious use of affordable and easy-to-find ingredients like ground beef, pasta, and tomato sauce. This is a great meal idea to feed a family.
Beef Skillet Nachos: Layer chips, ground beef, and cheese in a skillet for an easy, cost-effective meal.
Homemade Beef and Noodles: An economical-friendly classic that can serve a good number of people.
Tortellini Bake: This 4 ingredient Tortellini Bake uses common ingredients like ground beef and marinara sauce to make a satisfying and hearty meal for families!
Cheesy Ground Beef and Rice Casserole: Across the realms of deliciousness and frugality, this casserole rings the bell.
Beef and Tomato Macaroni Soup: Combining the wholesome elements of beef, macaroni, and tomatoes provides a satiating meal at an affordable cost.
Beef and Vegetable Stir Fry: Brimming with colorful vegetables and protein-rich beef, this dish is a delight to both the stomach and the wallet.
Taco Skillet: It’s the taste of tacos in a convenient and cost-friendly rice skillet.
Classic Stuffed Peppers: Filled with a mixture of ground beef, rice, and a zesty sauce, it’s a comfort meal that’s easy on the pocket.
Sesame-Ginger Beef: This dinner calls for an inexpensive cut of meat.
By creatively utilizing budget cuts and leftovers, you can create economical, hearty, and tasty beef dishes for yourself and your family, fostering a love for cooking while sticking to a money plan.
Money-saving Meatless Meal Marvels
When it comes to cost-saving, meatless or vegetarian dishes are a winner. Not only are they usually cost-effective, but they’re also often packed with nutrients. Here are meatless recipes that are sure to delight your taste buds, without denting your wallet:
Quinoa Edamame Salad with Peanut Sauce: Use cabbage and edamame to make a balanced lunch. The peanut sauce is flavor-packed and uses pantry staples, and the quinoa is easy to swap with rice or pasta.
Vegan Lentil Curry: Packed with nutrition, this dish makes an inexpensive, protein-rich meal.
Jamaican Rice and Peas: Economical rice and beans doesn’t need to be boring. Jamaican rice and peas are easy to make in the slow cooker. This flavorful, easy recipe brings delicious Caribbean flavor to any meal as a side dish or a complete meal on its own.
Spinach Lasagna Roll-Ups: Proof that vegetarian dinners can be delightfully hearty, this twist on classic lasagna is a crowd-pleaser.
Bean, Tomato, and Spinach Stew: A hearty and richly flavored dish that is low cost and satisfying.
Vegan Texas Tamale Pie: Great down-home, budget-friendly meal is perfect to whip up when you need something hearty, healthy, and filling to serve to your hungry family or friends in under an hour. Prepared with basic canned ingredients you might keep in your cupboard, this simple recipe can be easily adjusted to suit your tastes with the groceries you have on hand.
Stuffed Bell Peppers: Fill peppers with a delicious mixture of quinoa, black beans, tomatoes, and spices.
Eggplant Parmesan: Classic Italian dish, easy to make, and delicious to eat.
Pasta e Fagioli aka Pasta and Beans: Feed your family for pennies a bowl with pasta e fagioli. Cucina povera Italian food is the food of peasants, but it is so delicious! Only three inexpensive ingredients are needed to make this quick and easy, nutritious, one pot weeknight meal.
Potato & Zucchini Frittata: Use up your leftover veggies and whip up a quick frittata for dinner.
Tomato Basil Soup with Grilled Cheese: A classic that’s both inexpensive and palate-pleasing.
Vegetarian Stir-Fry: A colorful medley of veggies stir-fried in a savory sauce served over rice.
Spaghetti aglio e olio: This spaghetti aglio olio (with garlic and olive oil) is probably one of the most popular classic Italian pasta recipes and yet it’s so simple, budget friendly and super easy to make!
Butternut Squash Risotto: This dish, while sounding fancy, is frugal and straightforward to make.
Vegan Spaghetti Bolognese: This is a rich, hearty, and flavorful dish that’s lighter on the wallet than traditional bolognese.
Crispy Pan Fried Gnocchi: A simple and quick & inexpensive recipe to make in only 20 minutes for an easy weeknight meal. Crispy gnocchi coated in a light sauce made with garlic, herbs, butter and parmesan.
Implementing meatless meals can significantly cut down on grocery bills, with the added bonus of being healthier and environmentally friendly.
So why not give these recipes a try for your next frugal feast?
Luscious Low-Budget Lunch Ideas
The midday meal can often be overlooked when planning budget-friendly meals. Don’t let lunch blow your allowance! Here are a few low-cost, lip-smacking lunch ideas:
Bean Burritos: Beans and cheese wrapped in a tortilla can be quite satisfying and light on the pocket too.
Tuna Salad Sandwiches: A classic frugal lunch option that’s rich in protein.
Egg Salad Wraps: Egg salad in a wrap is a fulfilling lunch that’s economical.
Homemade Hummus and Veggies: Prepare hummus at home and pair it with fresh veggies for a light and inexpensive lunch.
Mixed Bean Salad: Beans are a powerhouse of nutrition and offer a low-cost lunch option. Mix different beans and dress them up with herbs and spices for a flavorful lunch.
Veggie and Cheese Stuffed Potatoes: A cheesy baked potato with veggies is filling and affordable.
PB&J: Peanut butter and jelly never go out of style and are a great low-cost lunch option.
Tuna Tomato Pasta: Tuna tomato pasta is a delicious healthy and easy recipe that only takes 20 minutes to make. With just a few basic ingredients it’s budget friendly too!
Falafel Wraps: Homemade falafel is quite reasonable and can be wrapped up with pita and fresh veggies for a satisfying meal.
Pasta Salad: Cold pasta salad with veggies is a cheap and filling lunch idea.
Vegetable Fried Rice: Leftover rice, mixed with whatever veggies you have on hand, makes for a delectable and affordable lunch.
When your lunch is as tasty as it is affordable, you’re winning at the game of frugality. Enjoy these luscious lunch ideas without breaking the bank!
Delightful Dinner Recipes That Don’t Dig A Hole In Your Pocket
Dinner is the meal you eagerly look forward to after a long day. Unfortunately, it can also be the priciest meal of the day. But it doesn’t have to be! Here are delightful, cost-effective dinner recipes:
Sloppy Joe Pasta: A homemade mix of pantry staples for a mouth-wateringly filling, budget-friendly twist on the classic Sloppy Joe.
Easy Chilaquiles: Fresh made tortilla chips smothered in homemade salsa, chilaquiles are the best way to make a flavor-packed meal on a budget!
Cottage Pie: Make a delicious cottage pie in the instant pot pressure cooker from scratch. Ideal for using up leftovers and easy to make!
Chicken Pot Pie: Homemade and padded out with cheap, seasonal veggies, it’s a classic favorite, perfect for a weeknight dinner.
Mince & Potato Stew: Heartwarming, flavorful dish that’s easy to make and easier on the pocket.
Linguine with Clam Sauce: Using canned or jarred clams, this linguine dish is made from simple pantry ingredients that won’t break the bank. Dive into a dinner of delicious choice for yumminess.
One Pot Sausage, White Beans, and Kale: It combines flavorful sausage, rich canned tomatoes, white beans, fresh kale, and a few herbs and spices – a cupboard-friendly, inexpensive dinner option.
Tacos: They’re versatile, they’re delicious, and most importantly, they’re cheap.
Potato and Salmon Fish Cakes: Canned salmon and potatoes create a delicious, inexpensive dinner the family will love. They are super easy to make and you can freeze them, too. Even those who dislike salmon enjoy these fish cakes!
Asian-Style Chicken Noodles: This recipe uses leftover chicken and packs a lot of flavors without a lot of cost.
Pasta Arrabbiata: This inexpensive pasta dish is full of garlic, tomatoes, and spicy red pepper flakes. Simple, yet incredibly delicious.
Garlicky Spinach and White Bean Pasta: This recipe is packed with flavor thanks to a surprise, budget-friendly ingredient – tinned anchovies! Simply toss cooked pasta with spinach, white beans, and a garlicky anchovy sauce. It’s easy to throw together for a satisfying weeknight dinner.
Egg Fried Rice: It’s a quick, healthy meal that anyone can cook.
Leftover Pasta Bake: Don’t waste food! Turn your leftovers into a treat with our leftover pasta bake!
Vegetable Stir Fry with Noodles: A quick, healthy dinner full of veggies and flavor.
Low-cost does not mean low taste. These dinner recipes prove just that. So get cooking and start saving!
Put it in Pot and Forget It – Cheap and Easy Crockpot Creations
Using a crockpot or slow cooker can be a real lifesaver for busy individuals or families. Not only does it save time but it’s also a great way to save money by making inexpensive cuts of meat tender and flavorful.
Slow Cooker Sausage and Peppers: Slowly simmered in marinara sauce for a frugal dinner that’s hard to beat! Just serve over pasta or polenta for an easy dinner. Plus, the leftovers are just as delicious for lunches.
Crockpot Beef and Broccoli: The economical version of your favorite takeout dish.
Slow Cooker Black Bean Soup: Inexpensive, full of flavor, and so hearty!
Creamy Crockpot Chicken: Warm shredded chicken and gravy in your slow cooker for the win.
Crockpot Baked Beans: Cheaper and healthier than store-bought!
Crockpot BBQ Chicken: Sweet, tangy, and made with a handful of pantry staples.
Crockpot Lentil Soup: Super hearty, packed with nutrients, and so easy to whip up!
Slow Cooker Pot Roast: The easiest one pot meal and is an instant win for family dinner! Plus, it’s budget-friendly! Easy to prepare for weeknight meals or special occasions alike, this easy pot roast recipe is always a crowd-pleaser!
Slow Cooker Salsa Chicken: Just two ingredients are required for this super versatile recipe.
Crockpot Vegetable Beef Soup: Healthy, hearty, and incredibly easy to make.
Chicken Paprikas Recipe: Use chicken thighs and cauliflower which make it a super frugal meal. If you prefer you can serve it over rice instead of the cauliflower but even her kids agree that the cauliflower version is delicious.
Slow Cooker Mac and Cheese: Yes, even mac and cheese can be done in a crockpot! Even better try this Broccoli Mac Kielbasa Casserole.
Crockpot Ham and Bean Soup: This recipe uses inexpensive and filling beans and veggies, perfect for when you’ve leftover ham.
Slow Cooker Vegan Chili: A vegan twist on this classic comfort food for those chilly days ahead makes for a healthy dinner packed with nutrients brimming with flavor!
Each of these meals will serve you without making a significant dent in your grocery budget. Enjoy the convenience and frugality that slow cooking brings!
Make It Snappy With Instant Pot Recipes
The Instant Pot is a versatile kitchen appliance that’s excellent for fast, delicious meals when you’re on a budget.
Instant Pot Ground Beef Enchilada Pasta: This easy dish combines a few affordable ingredients into a hearty meal that your family will love.
BBQ Beans Instant Pot Recipe: A frugal recipe that’s great as a main dish or a filler for burritos.
Easy Pizza Potatoes in the Instant Pot: A simple pairing of pizza flavors and potatoes for a wallet-friendly dish.
Air Fryer Pita Bread Pizza: Only 5 minutes and a handful of low-cost ingredients to a delicious DIY pizza.
Sweet Potato, Lentil and Chickpea Curry: This vegan instant pot recipe is full of flavor, super hearty and delicious, and extremely reasonable to make.
Mushroom Masala- Mushroom Curry: An exotic and easy-to-prepare mushroom curry that satisfies without stretching the dollars.
Chicken and Sausage Paella in the Instant Pot: Cut down cost by using sausage and chicken thighs for this easy, savory dish.
Instant Pot Tuna Casserole: Comfort on the cheap, using pantry staples.
Fast and Easy Instant Pot Chicken and Rice: Made using basic pantry staples and suitable for both adult and kid taste buds.
These Instant Pot ideas are not only quick and easy to prepare but also budget-friendly. They’re proof that frugal doesn’t mean boring!
Handy Kitchen Tools for Budget-Savvy Cooking
When it comes to frugal cooking, your kitchen gadgets can be your best companions. These tools can save you both time and produce restaurant-quality dishes at home for a fraction of the cost.
Many are the same as frugal home must haves!
Only rely on tools that you use regularly in order to maximize their cost. So, equip your kitchen with these practical, cost-effective tools, and enjoy a more manageable culinary journey.
FAQs: Navigate Your Approach to Cost-Efficient Eats
Eating lunch at work doesn’t have to mean spending a fortune, following these tricks can save you a lot of money:
Meal prep: Plan your meals ahead of time. Invest in a few hours during the weekend or your day off to cook large amounts and portion them out for the week ahead.
Leftovers Are Your Best Friend: Make a bit extra while cooking dinner, and voila, you’ve got lunch for the next day. A yummy, cheap, no-fuss, and no-waste solution!
Pack Your Own Snacks: Trade small shop-bought packs of snacks for a large bag or bulk-buy from a wholesale store. Divide them into small reusable containers for your daily hunger itch.
Invest in a Flask: A good quality thermos flask can keep your homemade soup or stew warm until lunchtime and it’s a lot cheaper than buying soup from a cafe.
Remember, the key is not to take complicated dinners which takes a lot of time. Rather, simple sandwiches, yogurt with fruits, homemade soup even boiled eggs can make great inexpensive lunch options. Planning ahead is key when you’re trying to eat on a budget.
There are several cheap meals you can whip up using budget-friendly ingredients. The absolute cheapest would depend on what you already have on hand in your pantry or the cost of ingredients in your locality.
Rice & Beans: This is a universally cheap and filling meal that can be flavored with some stock, onions, and spices.
Pasta with Tomato Sauce: This is a popular choice when it comes to cheap ideas. All it takes is a rigatoni of your choice, a basic tomato sauce made from canned tomatoes, garlic, and herbs.
Cereal & Milk: A bowl of generic brand cereal and milk is an incredibly cheap meal. It lacks in terms of proteins and fats, but it can be a good quick fix.
Eggs on Toast: Eggs and bread are both cheap elements. Whip up scrambled eggs or make a simple boiled egg sandwich.
Potato Soup: One of the cheapest vegetables around, and they make a filling, simple potato soup.
Homemade Pizza: Using basic homemade dough and simple tomato sauce, you can add anything you have on hand to make a delicious pizza.
Remember, the cheapest dinners typically use basic pantry staples. By having a well-stocked pantry, you’ll be able to whip up a variety of low-cost dinner ideas.
A frugal meal doesn’t equate to scanty or tasteless. Here’s what defines a frugal meal:
Inexpensive Ingredients: Frugal meals predominantly use cheaper ingredients. Find plenty of cheap foods when broke (and you don’t need to be broke).
Fewer Ingredients: Meals with minimal ingredients are typically more economical. They aren’t stuffed with fancy extras, but they make up for it in hearty flavor.
Uses Pantry Staples: Rely on pantry staples like rice, dried pasta, canned goods, and dry baking ingredients.
Repurposes Leftovers: Instead of wasting ingredients incorporate leftovers in innovative ways.
Meal Prep and Batch Cooking: Cooking in bulk and freezing dinners for later can be a massive money saver, reducing waste and reducing the number of ingredients needed overall.
Limited Meat or Vegetarian: As meat is typically one of the more expensive ingredients, frugal cooking is often vegetarian or uses meat sparingly.
While frugal meals won’t always hit all these factors, if they contain a few of these aspects, you can be assured they will provide a cost-effective dining experience. A frugal meal strives to offer nutritional balance, satisfying taste, and minimal impact on your wallet.
Perfecting the Art of Frugal Cooking
Preparing budget-friendly cooking not only saves money but also reduces food waste and can create a warm, comfortable home. This is how to be frugal with food. Here are some expert tips to get you rolling:
Plan Your Meal Calendar: Plan out your menu for the week, keeping in mind what ingredients you already have.
Shop Smart: Shop for groceries with a list in hand so you don’t end up buying unnecessary items. Look out for sales, and discounts, and try to shop in bulk.
Utilize Leftovers: Don’t throw away leftovers. Repurpose them into a new meal or use them as an ingredient in another dish.
Use More Vegetables and Grains: Vegetables and grains are generally cheaper than meat and can be used to bulk out dinners.
Freeze Extras: If you cook in bulk, freeze the extra portions for a later date. This can act as a lifesaver during busy periods.
Use Cheap Cuts of Meat: Cheap cuts, such as chicken thighs, can be just as delicious as expensive ones, especially when slow-cooked.
Cook from Scratch: Convenience foods often cost a lot more than the sum of their parts.
Grow Your Own: If you have a garden, consider growing your own vegetables and herbs.
Reduce Waste: Get creative in the kitchen and use parts of food that you’d otherwise throw away.
Remember, with a bit of planning and creativity, you can prepare delicious, healthful meals without breaking the bank! It’s all about making smart choices.
Which Filling Cheap Meals are You Going to Try?
Embarking on these frugal meals can help stretch the budget while still enjoying a variety of flavorful and satisfying dishes.
Whether you are budgeting on a low income or just want to stretch your dollar further with going teens, we have given you plenty of options to eat well and healthy.
Many on this list are my personal favorites. This is how we stay on our grocery budget.
The biggest step is learning how to meal plan and stick to the menu! Now, off to move frugal living tips to save money!
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Many Americans are finding tiny houses, or those that measure several hundred square feet in size, are a welcome way to live. They can be both economical and eco-friendly, and some people say they simplify life, which can bring many benefits.
If you’re curious about tiny houses or are currently contemplating one, it’s important to know that financing these dwellings may be different than securing a traditional mortgage. Here’s a guide to tiny houses and how to secure funds to buy or build one.
What Is a Tiny House?
A tiny house is often defined as a home that is between 100 and 400 square feet. In contrast, the median size of a single-family American home is currently 2,014 square feet. That’s five times bigger than the biggest tiny home. Here are some other facts to know about this kind of dwelling.
• Owners live in their tiny homes themselves, rent them out, use them as a small vacation home or even build them as an accessory dwelling unit (ADU) on the same lot as their primary residence. Tiny homes may be on wheels, or they may sit on a fixed foundation.
• Prefab homes can be delivered complete to the site, or there are modular homes that require some assembly on site. Those who would rather build their own house can hire an architect or draw up plans to their own specifications. There are small homes in all kinds of styles, from a classic Colonial or Victorian to a ranch style or A-frame or ultra-modern design.
• Local zoning rules will determine whether or not a person can build or move into a tiny home. And building codes will determine things like ceiling height.
• Tiny houses may not have good resale value since they are such a specific type of home and are often highly customized. Before buying a tiny house as an investment property, it might be wise to consult a real estate investment professional.
💡 Quick Tip: Before choosing a personal loan, ask about the lender’s fees: origination, prepayment, late fees, etc. One question can save you many dollars.
Tiny House Pricing
In 2023, the average sales price for a single-family home was about $430,300. Tiny homes cost quite a bit less, with an average of $45,000. That price can vary up and down depending on the size of the home, materials used, and amenities (yes, some tiny homes have luxe, spa-style bathrooms, for example). The price of the building is not the only thing to consider.
Buyers of tiny homes must factor in the price of buying or leasing land on which to place the home if they don’t already own it, as well as the cost of hooking it up to utilities.
If the tiny home is on a foundation, there may be state and local property taxes to pay. If the tiny house is on wheels, though, there likely won’t be property tax assessed.
Recommended: Is Buying a House a Good Investment?
Financing the Land
If property needs to be purchased to have a place to put a tiny home, an option for financing is a land loan. There are three types of land loans: raw land loans, unimproved land loans, and improved loans.
• Raw land loans are for land that’s completely undeveloped with no electricity, roads, or sewer access.
• Unimproved land loans are for properties that have more access to amenities like utilities, but lack utility meters.
• Improved land loans are for land with access to roads, water, and electricity.
The size of the down payment and the interest rate of the loan will depend on what type of loan is needed. For example, lenders may consider raw land to be a riskier option than improved land and require a bigger down payment and higher interest rates.
Mortgages for Tiny Homes
Qualifying for a home loan for a tiny home may be tricky. Some lenders may not be willing to offer first or second mortgages for tiny home financing. However, if a tiny home has a foundation and complies with local building codes, it may qualify for certain mortgages.
Tiny homes may also qualify for what is known as a “chattel mortgage,” a mortgage for moveable personal property. The tiny home acts as security for the loan, and the lender effectively becomes the owner of the tiny home until the loan is paid off and ownership is transferred back to the borrower.
This differs from traditional mortgages that are secured by a lien on the property. Because the size of the loans are typically small, chattel mortgages may have relatively short terms, though interest rates may be relatively high.
Personal Loans
A personal loan can allow individuals access to money that they can use for any personal, family, or household purpose, from paying off credit cards to an effective tiny house loan. Depending on the lender, loan amounts can range from a few thousand dollars to $100,000. When the applicant is approved for a personal loan, they’ll receive the loan amount in a lump sum and pay it back in installments with interest.
Personal loans may be secured or unsecured. Unsecured loans are not backed with any collateral, and the interest rates currently range from about 6% to 36%, depending largely on the borrower’s credit score.
Secured loans are backed by collateral, such as personal savings, a car, or another home owned by the same borrower. They typically come with a lower interest rate than their unsecured counterparts. However, it’s important to note that if a personal loan is defaulted on, the borrower’s assets could be seized by the lender to repay the debt.
Home Equity Loans
The equity someone may have built up in a home they already own can be tapped to finance a tiny home for use as a vacation home, rental property, or ADU. A home equity loan is a fixed amount of money secured by a borrower’s home.
Usually, up to 85% of the equity accumulated in a home can be borrowed, though actual loan amounts will also depend on the applicant’s income and credit history. The home equity loan is repaid with monthly payments over a fixed term. And if the borrower fails to repay, the lender can foreclose on the house.
A home equity line of credit (HELOC) may be another option to finance a tiny home. HELOCs differ from home equity loans in that the borrower doesn’t receive a single lump-sum payment from the lender.
Rather, a HELOC gives the borrower access to a line of credit that can be drawn down, paid back, and drawn down again, if need be, within a certain time period. The HELOC is secured by the borrower’s home, so as with a home equity loan if the debt is not paid, the lender can use the home as collateral.
Loans From Tiny House Builders
A tiny house builder or contractor may be able to help secure financing through unsecured loans based on an applicant’s credit score, or secured loans backed by the value of the tiny home. These tiny-house loans may have longer terms and lower starting interest rates than personal loans, but they may require a downpayment.
RV Loans
If the tiny house has wheels and is certified as an RV by the Recreational Vehicle Industry Association, an RV loan may be another option for financing. Online lenders, banks, and credit unions may all offer RV loans. In many cases, the tiny house will serve as collateral for the loan, the same way a car would serve as collateral in an automobile loan.
Recommended: Guide to Buying, Selling, and Updating Your Home
The Takeaway
If you’re in the market for a tiny house, you may need to think beyond traditional mortgages. Home equity, HELOC, and personal loans, among other options, may be available forms of financing that can set you on your way to owning the tiny house of your dreams.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Chicago, IL – December 22, 2023 – Today, Zacks Equity Research discusses Federal Agricultural Mortgage AGM, LendingTree, Inc. TREE and Ocwen Financial OCN.
The Zacks Mortgage & Related Services industry continues to be impeded by the cooling market, fears of a looming recession and high mortgage rates. Purchase market tightening and declining refinancing volumes have cast a shadow over the industry’s speedy recovery. Housing price appreciation and affordability issues are other near-term headwinds.
Amid the ongoing economic headwinds, mortgage service providers will need to be more agile. To navigate the deterioration in the mortgage market and improve operational efficiencies, companies have resorted to headcount reduction and technology adoption. Also, diversified business operations and encouraging scenarios for the servicing segment will help industry players like Federal Agricultural Mortgage,LendingTree, Inc. and Ocwen Financial tide over choppy waters.
Industry Description
The Zacks Mortgage & Related Services industry comprises providers of mortgage-related loans, refinancing and other loan-servicing facilities. Numerous banks have been retreating from the mortgage business due to higher compliance and capital requirements. This allowed non-banks to increase their capacity to gain market share in the mortgage loans business, which accounts for the largest class of U.S. consumer debt.
Players in the industry are dependent on the interest rates determined by the Federal Reserve, as prevailing rates influence customers’ decisions to apply for mortgages. The companies also generate investment income from several financial assets, such as residential or commercial mortgage-backed securities and asset-backed securities. The firms make equity investments in mortgage-related entities, among others.
3 Mortgage & Related Services Industry Trends to Watch
High Mortgage Rates Keep Homebuyers on the Sidelines: The mortgage market dynamics have been challenged with the central bank having raised interest rates 11 times since March 2022, bringing it to a 22-year high of 5.25-5.50%. With this, the average rate on a 30-year mortgage climbed to 7.79% in late October to its highest level since late 2000.
Nevertheless, with expectations of rate cuts in the next year, mortgage rates have eased in recent weeks but remain high. High rates and low home inventory have resulted in higher borrowing costs for home loans and a spike in home prices. This is affecting mortgage demand, both purchase and refinance. The downward trend will negatively impact top-line growth for industry participants.
Industry Players to Resort to Cost Controls: The mortgage industry continues to be labor-intensive while servicing operations have been a significant cost driver. With high mortgage rates, homeowners will be less keen on home purchases and refinancings. This will likely compel companies to reduce excess headcount capacity to cut costs and navigate a gloomy market. Moreover, the industry has lagged other sectors in adopting automation technology. Amid a tight labor market, technology adoption can be a competitive moat by offering notable efficiency improvements and cost savings.
Servicing Segment to Offer Support: With significant declines in gain-on-sale margins and lower loan origination volume, industry players are likely to increase their reliance on the service segment for profitability. In a high-rate environment, the servicing segment offers a natural operational hedge to the origination business.
We expect slow prepayment speed to offer mortgage service rights (MSR) tailwinds. Hence, MSR investments are poised to deliver significant value appreciation and offer attractive unleveraged yields. Such MSR appreciation can drive the book value. With the U.S. single-family mortgage debt outstanding to reach $13.9 trillion by 2024 end, there are massive growth opportunities in the servicing portfolios.
Zacks Industry Rank Reflects Bleak Prospects
The Zacks Mortgage & Related Services industry, housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #152, which places it in the bottom 40% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates drab near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group’s earnings growth potential. The industry’s bottom-line estimate has declined 31.6% from that reported in December 2022.
Before we present a few stocks that you may want to consider for your portfolio, let’s look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector and the S&P 500
The Zacks Mortgage & Related Services industry has underperformed the broader Zacks Finance sector and the S&P 500 composite over the past year.
The industry has declined 17.5% in this period against the broader sector’s growth of 16.2% and the S&P 500 composite’s rise of 25.4%.
Industry’s Current Valuation
On the basis of the price-to-book ratio (P/B), which is commonly used for valuing mortgage and related services companies, the industry currently trades at 5.32X compared with the S&P 500’s 6.05X.
Over the last five years, the industry has traded as high as 5.32X, as low as 0.78X and at the median of 1.72X.
As finance stocks typically have a lower P/B ratio, comparing mortgage and related services companies with the S&P 500 may not make sense to many investors. However, comparing the group’s P/B ratio with that of its broader sector ensures that the group is trading at a premium. The Zacks Finance sector’s trailing 12-month P/B of 3.36X for the same period is below the Zacks Mortgage & Related Services industry’s ratio.
3 Mortgage & Related Services Stocks to Watch
Federal Agricultural Mortgage: The company, also known as Farmer Mac, is a federally chartered corporation that combines private capital and public sponsorship to create a secondary market for various loans made to rural borrowers.
The company’s business lines include agriculture finance (consisting of farm and ranch, and corporate AgFinance), rural infrastructure finance (consisting of rural utilities and renewable energy) and treasury (funding and investment).
The company is expected to enjoy strong pipelines and volumes in the upcoming years, given the expected rise in agricultural productivity to meet the global demand, a growing U.S. agriculture mortgage market and a significant scope of improvement in renewable electricity capacity. Moreover, the expanding corporate AgFinance and renewable energy business lines carry higher margins than other operations.
The Zacks Consensus Estimate for AGM’s 2023 and 2024 earnings has been unchanged over the past month. The Zacks Rank #1 (Strong Buy) company’s earnings for the ongoing year and 2024 are expected to rise 33.5% and 7.8% year over year, respectively. Revenues for 2023 and 2024 are expected to grow 11.5% and 8.2%, respectively.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Ocwen Financial: The company is a preeminent non-bank mortgage servicer and originator that provides solutions through its primary brands — PHH Mortgage and Liberty Reverse Mortgage. Its balanced and diversified business model — diversified originations sources and servicing business — provides a competitive advantage against peers.
The company’s servicing financial performance is poised to benefit from high interest rates. Ocwen Financial has been driving expense reduction and taking right-sizing actions. Also, favorable demographics and home price appreciation are expected to drive continued growth in the reverse mortgage market.
The Zacks Consensus Estimate for OCN is pegged at $6.28 and $6.54 for 2023 and 2024 earnings. Earnings estimates have been unchanged over the past month. Also, for the ongoing and the next years, its revenues are expected to increase 10% and 4.5%, respectively. The company sports a Zacks Rank of 1 at present.
LendingTree: The parent company of LendingTree, LLC, is headquartered in Charlotte, NC, and has been operating solely in the United States since July 1998. Its online marketplace provides clients with product offerings from more than 600 partners.
LendingTree is committed to boosting revenues by diversifying its non-mortgage product offerings, particularly in the Consumer segment. With the launch of the LendingTree WinCard in partnership with Upgrade in February 2023, the company provided its first branded consumer credit offering. Over the past years, TREE has increased its services, such as credit cards and widened loan offerings to personal, auto, small business and student loans.
Also, LendingTree’s market-leading position and flexible business model, which provides more diversified solutions for a wider array of lenders, will enable its Home segment operations to navigate through the fluctuating macroeconomic situations and high-interest-rate environment.
The Zacks Consensus Estimate for TREE’s 2023 and 2024 earnings has been unrevised over the past month. For the ongoing year, earnings are expected to surge 99% year over year. For 2024, earnings are projected to grow 10.6% on 6.7% revenue growth. The company carries a Zacks Rank of 3 (Hold) at present.
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Starring Eddie Murphy, Tracee Ellis Ross, Jillian Bell, Nick Offerman, and many more recognizable faces along the way, Candy Cane Lane tells the story of the Carver family, as they compete in a yearly holiday house decorating contest to win one hundred thousand dollars.
After losing his job just a few days before Christmas, Chris (Murphy) puts job hunting on the back burner in service of creating a festive masterpiece on his front lawn.
And yes, in case you’re wondering, we felt those Deck The Halls vibes too!
Enlisting the help of his youngest child Holly (sibling of Joy and Nick… get it?), he stumbles across Kringles, a magical Christmas shop where Pepper the elf sells him a ‘Twelve Days of Christmas’, Christmas tree.
When it and the ornaments from each of the twelve days unexpectedly come to life and flee the tree on the night of the competition, Chris and his family must find the five golden rings in time or Pepper, who it turns out was exiled from Santa’s workshop, will turn him into a singing ceramic Christmas ornament.
Is it a classic Christmas tale? Not exactly. Is it a little offbeat? Sure.
But did we have fun with the movie and love seeing all of the houses alight and twinkling ahead of the big day? You bet we did!
Now, we know you’re wondering if Candy Cane Lane is a real place, whether you can visit, and if they actually shut down a whole street to film the movie there.
Well, you can have yourself a merry little Christmas because we’ve done the research for you and can answer all of these questions and more – happy holidays!
Is Candy Cane Lane a real place?
Yes, Candy Cane Lane is a very real place located on East Acacia Avenue in El Segundo, California. Every year since 1949, with an understandable one-year hiatus in 2020, the street comes alive in a spectacle of Christmas lights and festive displays made by the residents.
With nightly shows from December 9th – 23rd, and visits every other evening from Santa himself, it’s a sight to behold and definitely one for the bucket list!
Unlike in the movie, there is no competition between neighbors.
Instead, the displays serve to bring the residents and the community together in celebration of the season.
Did they film Candy Cane Lane on the actual Candy Cane Lane?
Whilst it might look just like the real thing, scenes outside the Carver house were actually all shot on a stage.
Where? None other than Colonial Street at Universal Studios Hollywood.
Setting the backdrop for many of our favorite films and television series over the years, if you’re thinking it looks familiar it probably does!
Other productions filmed on Universal Studio’s Colonial Street
Arguably the most recognizable show shot here was Desperate Housewives.
Since the street was as much a character as the residents themselves, we wouldn’t be surprised if some eagle-eyes fans spotted Wisteria Lane the moment they pressed play on Candy Cane Lane.
Other productions include, Buffy The Vampire Slayer, Malcolm In The Middle, Leave it to Beaver, Why Him, and Sabrina The Teenage Witch – and that really is just naming a few!
More filming locations from Candy Cane Lane
With no snow to build snowmen or go sledding in, children at the start of the movie can be seen sand surfing and building sandmen instead.
According to Atlas Of Wonders, these scenes were filmed in California on Playa Del Rey Beach. Meanwhile, exteriors from the high school were shot in El Segundo itself.
Other movies that feature Candy Cane Lane
Since we’re guessing you love holiday movies (and movie houses!) just as much as we do, you’ve probably come across Candy Cane Lane in TV shows and films before this one.
Most recently, we saw Candy Cane Lane in the holiday movie The Happiest Season, starring Kristen Stewart and Mackenzie Davis.
However, this Candy Cane Lane was based on a different, yet equally amazing display in Duboistown, Pennsylvania, and scenes were filmed on Cleveland Avenue in Avalon.
Read all about that and the other dreamy filming locations and houses we tracked down from the movie right here:
Meanwhile, New Girl fans will remember an episode called The 23rd in season one, where the gang drives to Candy Cane Lane at 4 am and proceeds to scream and shout for the residents to turn on their lights.
According to the New Girl podcast, Welcome To Our Show on which the show’s stars, Zooey Deschanel, Hannah Simone, and Lamorne Morris re-watch and give behind-the-scenes info about each episode, this Candy Cane Lane was shot on the Disney ranch.
Why? Like most holiday movies and shows, the episode was not actually shot at Christmas.
The takeaway? Even if you can’t take a trip to Candy Cane Lane this year, there are plenty of festive movies and TV shows that can transport you there from the comfort of your very own home – Merry Christmas everyone!
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Colorado Springs is a charming mountain city with access to some of the most scenic hiking trails in the Front Range. Home to Garden of the Gods, the Air Force Academy and the Olympic Training Center, this growing burg is brimming with culture and amenities.
With an average of 300 sunny days per year, Colorado is an understandably desirable place to live and has seen steady growth in population for years. Despite the influx of new residents, Colorado Springs still maintains the welcoming vibe of a small town and is consistently ranked as one of the best places to live in the Centennial State. But does its small-town charm translate to small-town prices?
Right now, the cost of living in Colorado Springs is 3.4 percent above the national average. This number continues to grow. Compared with the nearby city of Denver, housing prices in Colorado Springs are currently 32.1 percent lower than the Mile High City.
Explore the costs of living in Colorado Springs, from housing to food and healthcare, and discover if a move to the Front Range is right for you.
Housing costs in Colorado Springs
The housing market in Colorado Springs is competitive and fast-paced, but renters are in luck.
The average price of a one-bedroom in Colorado Springs is currently $1,024 per month, a decrease of 24.6 percent from the previous year. Of course, this number is dependent mainly on the neighborhood.
Among the most expensive neighborhoods are Kissing Camels, Norwood and Wagon Trails. The average cost-per-month of a one-bedroom apartment ranges from $1,548 to $1,723.
Areas that price out closer to the city’s average are East Colorado Springs, Garden Ranch and Ivywild, with the average cost of a one-bedroom falling between $1,000 and $1,068 per month in these areas.
If you’re looking for a centrally located home close to downtown, you’ll find the most affordable apartments in Stratton Meadows, where a one-bedroom averages $887 per month, or Shooks Run at $846 per month.
Currently, the median sale price for a home in Colorado Springs is $377,643. As of May 2021, home prices are up 21.6 percent since last year, according to Redfin. The local housing market is highly competitive, meaning that most homes receive multiple offers. Homes are also selling for about 4 percent more than the list price, on average.
Food costs in Colorado Springs
Colorado Springs boasts a wide array of international cuisine — from authentic Mexican and Indian to German and British fare. There’s an abundance of culinary opportunities with dining options ranging from casual family dining to luxurious special-occasion restaurants.
Outdoor dining is another popular choice here; between the city’s breathtaking views of the Rocky Mountains and the famously sunny weather, there’s no shortage of patio seating.
Groceries in Colorado Springs will cost you around 3.4 percent less than the national average. You can expect to pay $3.57 for a loaf of bread, $1.27 for a dozen eggs and $4.33 for ground beef.
Locals often hunt for bargains and ultra-fresh produce at one of the many farmer’s markets in the city.
Utility costs in Colorado Springs
Colorado has some of the best skiing in the world, but all that snow means your heating bill will see a jump in the winter.
Overall, the utility costs in Colorado Springs are just 0.9 percent below the national average. You can expect your total energy cost to come in around $165.12 per month.
Transportation costs in Colorado Springs
Traffic in Colorado Springs is surprisingly uncongested for a city of its size.
Commuters spend an average of four extra minutes per 30 minutes of commute-time during the morning rush hour and seven more minutes in the evening, with an average commute of around 22 minutes.
Heavy congestion on major roads is rare, and many members of the community choose to drive. You can expect to pay $2.41 for a gallon of regular unleaded at the pump.
Downtown Colorado Springs and Old Colorado City employ parking meters, with the parking charge per hour starting at $1.25 closest to the city center. Meters on the periphery of downtown will cost you $0.75 per hour. City-operated garages downtown charge a daily maximum of $9 or $70 per month. Parking outside of the city center is typically free.
Colorado Springs public transportation
Those who prefer public transit can take the Mountain Metro Transit, the city’s bus system, with a comprehensive route traversing most of the town. The basic cash fare for adults is $1.75, while youths, seniors and Medicaid or disabled folks will pay $0.85. Transfers are free and issued upon request with paid fare and are good for 2 hours or three rides on one-way trips.
Discount Metro tickets can also be purchased. Unlimited ride Day Passes coming in at $4 and unlimited 31-Day Tickets at $63. The city’s transit score is 20.
Colorado Springs has a bike score of 46 and a walk score of 37, with miles of paved bike paths inside and around the city for recreational cycling and walking. The mostly-paved Pikes Peak Greenway runs through the center of town, connecting to the Santa Fe Trail in the north and the Fountain Creek Regional Trail in the south. Other inner-city bike paths include the Cottonwood Creek Trail, Shooks Run Trail and the Midland Trail. Interactive bike maps make planning your commute or joyride a breeze.
Overall, the cost of living for transportation in the city is 9 percent above the national average.
Healthcare costs in Colorado Springs
Colorado Springs has been a destination for health-seekers since its early days as a haven for tuberculosis patients. Many doctors in the 19th century believed that high altitude and sunshine were a cure for TB. Coincidentally, the influx of wealthy TB patients to the then-resort town of Colorado Springs was instrumental in putting the small city on the map.
Today, Colorado Springs is home to the award-winning UCHealth Memorial Hospital and Penrose-St. Francis Health Services. Kids can receive high-quality care at the new Children’s Hospital Colorado Springs location.
Calculating average healthcare costs is difficult because these costs vary widely depending on each person’s health situation. The local healthcare costs are 4.6 percent higher than the national average.
A regular doctor’s visit might cost an average of $126.71, while a trip to the dentist will cost $105.77 on average. Prescription drugs, without insurance, cost an average of $471.44, and a bottle of ibuprofen will cost around $9.03.
Goods and services costs in Colorado Springs
Colorado Springs boasts a wide selection of fitness facilities and opportunities, whether you’re a CrossFit aficionado or more of a Pilates person. Yoga enthusiasts can expect to pay a little more than $15 per class.
If you want to save a few bucks and still be healthy, check out the nearby hiking trails. Colorado Springs boasts several open spaces within the city limits, many of which contain trail systems for easy access hiking.
Garden of the Gods, located on the west side of town, is an iconic landmark and recreation hotspot for locals and tourists alike. Admission is free for this city-owned National Natural Landmark.
If you’re a pet owner, you can expect to pay an average of $56.54 per routine vet visit. Pet licensing —required for all dogs and cats over the age of 4 months — can cost anywhere from $10 to $75 depending on a variety of factors.
Overall, the cost of goods and services in Colorado Springs is about 3 percent more than the national average.
Taxes in Colorado Springs
Colorado Springs resides entirely within El Paso County. The Colorado sales tax rate is currently 2.9 percent, while the El Paso County sales tax is 1.23 percent.
Colorado Springs recently reduced its sales tax to 3.07 percent. Therefore, the minimum combined sales tax for Colorado Springs is now 8.2 percent. So, when you spend $100 at the Promenade Shops at Briargate, for example, you’ll pay $8.20 in sales tax.
Colorado does not tax most groceries.
How much do you need to earn to live in Colorado Springs?
The average rent for a one-bedroom apartment in the city is $1,024.
Most financial advisors recommend spending no more than 30 percent of your annual income on rent. This means you would need to earn around $40,960 per year to comfortably afford a one-bedroom apartment in Colorado Springs.
To give these numbers some context, the median household income in Colorado Springs is about $65,000 and the per capita median income is around $34,000.
Use our rent calculator to quickly discover how much you can afford to spend on rent with your current salary.
Living in Colorado Springs
Recently ranked fourth Best Place to Live by U.S. News & World Report, Colorado Springs is a mountain oasis. Gorgeous weather and miles of surrounding natural beauty make this city a unique treasure in the heart of the American West.
With a growing economy and an increasing demand for tech-talent labor, there’s never been a better time to relocate. Find your ideal Colorado Springs apartment to rent today.
Cost of living information comes from The Council for Community and Economic Research.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory of one-bedroom apartments in April 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
He’s a wise-cracking country crooner who caught the heart of a ’90s pop icon.
Together, Blake Shelton and Gwen Stefani make up a beloved power couple that we just can’t get enough of. They may have seemed like an odd pair at first but there was NO DOUBT that their love was real.
How did this unlikely duo find each other? The two developed a friendship while working together at The Voice and bonded over their respective divorces in 2015. Their romance culminated in 2021 with a beautiful wedding held at their ranch home in Oklahoma.
With massive acreage, the property was the perfect location for their intimate ceremony. According to reports, the two tied the knot in a small chapel Blake built for Gwen. This was also the place where the proposal happened.
Are you swooning yet? If not, you will, as the tale of Blake Shelton’s houses is one of love and devotion, and we’re 100% here for it.
Blake Shelton And Gwen Stefani got married at their Oklahoma ranch
The couple opted to do an intimate wedding in a simple chapel just a mile away from their mansion.
Gwen said “I do” in a stunning Vera Wang gown, while Blake wore a black tuxedo jacket paired with classic blue jeans.
Their home (and the chapel) sits on Shelton’s massive 1,400-acre estate, known as Ten Point Ranch.
Blake built a chapel on the grounds of his Oklahoma ranch. He did it himself with help. It’s really a tribute to their love.”
a source shared with Us Weekly.
They built a lakefront mansion on the Tishomingo estate, which is just a stone’s throw away from Shelton’s hometown of Ada. The singer also owns a bar, restaurant, and merchandise store in the area.
Measuring approximately 2,000 square feet, the gorgeous mansion on the ranch boasts a long driveway lined with rows of trees on each side.
The drive leads up to the abode, which features a large, wrap-around porch, dormer windows, and a landscaped front garden.
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There is also a semi-detached smaller stone house by the side, which could be a garage or a guesthouse. At the back, there is a large pool, covered patio areas, and a terraced garden.
They also own a 13,000 sq. ft. home in Los Angeles
While their Oklahoma ranch played a significant part in their love story, Gwen Stefani and Blake Shelton live in Encino, Los Angeles, where they own a 13,000-square-foot home in the hills.
The mansion, which was purchased in 2020 for $13.2 million, is the first home Gwen Stefani and Blake Shelton officially bought together — and now serves as their primary residence.
Located in a secluded hillside, the 13,000-square-foot home has three stories, multiple spacious bedrooms, and a four-car garage, offering plenty of space for the couple and the kids — Gwen has three children from her marriage to Bush frontman Gavin Rossdale.
With a multi-million price tag comes a bevy of lavish amenities, including a state-of-the-art Atmos private theater, an oversized pool with its own spa area, a wet bar, an outdoor kitchen, a large cabana, and vast outdoor grounds for entertaining guests and enjoying family time.
While the couple has kept their residences private, Gwen has been giving glimpses of her home life on her social media accounts.
Followers on TikTok were psyched to see the couple’s bedroom decked out in snakeskin print and decorated with a multi-color tribal-style four-poster bed. The Hollaback Girl singer has also been sharing several kitchen adventures on her account.
Blake built a Hawaiian-style lake house for Gwen and her family
Before they tied the knot, Blake already had several impressive homes in his real estate roster.
From modest houses in rural areas to huge mansions, the singer has made an effort to spend his millions wisely. Throughout the years of upgrading to bigger spaces, Blake has made it pretty clear that he will always be a country boy at heart.
But he’ll do anything to make his girl happy!
Before their Encino mansion purchase, Blake also had a resort-style home built for Gwen in a quaint town by Lake Texoma.
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The Hawaiian-themed home features an all-white exterior with blue doors and shutters. To complete the tropical feel, there are three tiki huts and a tiki bar by the pool area. Situated right by the water, there are stunning views of the lake from almost every room in the house.
The relaxing vibe of the resort home has been appreciated well by Gwen’s whole family, who have been used to living in the city.
In an interview with ET, Blake expressed his happiness over introducing country living to Gwen’s kids and family.
“They love it so much, her entire family. And when I say her family, I mean all of them. We have so much fun,” he said. “I don’t think you should be able to have that much fun. It’s probably not legal in California.”
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