As of today -- there are no homes for less than $180K, 3 beds, 1.1 baths in the 97405 zip code listed in the MLS system ... unless you can settle for a condo and tandem home/townhouse.

Change of criteria at all?

Hi Chris,

The problem is the 97405 area...one of the most expensive areas in Eugene. It's possible, just not probable. Are you open to other areas of Eugene or Springfield?

97405 is a pretty big zip code area... I don't think there are any houses in Eugene that would meet your criteria (well, not yet), but there might be in the Goshen area. If by "20 miles west" you mean the area along Lorane Highway or Territorial Highway, that's another possibility, but I don't recall seeing any "newer" houses there in this price range.

If your downpayment is 20% or less, there is a very high probability that you will be under water within a year if you buy now. If your job is super stable, and you plan to stay put for a long time, this might not be a problem. Note, however, that even a 5% price reduction on a $175K house will save you more than $8,000 tax credit. With tons of foreclosures that will be hitting the market later this year and in 2010, we are likely to see price declines well above 5% in Eugene... just something to think about. Best of luck in your search!