Flint, Mich., once a booming automobile city, was one of the hardest hit during the recession. It was soon taken over by an emergency manager selected by state officials, similar to what has been done in Detroit.
Due to its financial troubles, Flint now has a $188 house on the market, edging Detroit's $1,000 home as possibly the cheapest in America, 9 News reported on Saturday.
The house is 1,225 square feet and boasts three bedrooms and one bathroom at 2518 Dakota Avenue. The house was built in 1928 on a 5,663 square foot plot of land.
"Fixer Upper Home, Needs lots of work, has major fire damage, seller selling AS," the Realtor.com listing says.
The house could be demolished if Flint's government could afford to do it and would approve the measure. The land could be turned into a garden or be left open for future development. The neighborhood is made up of similar homes not far from Route 59.
In 1960, Flint saw its biggest population at 196,000 residents and dropped to under 99,000 in 2013. Many years ago in its hayday, Flint was dotted with factories that assembled millions of General Motors auto parts every day.
Today, the city has been devastated as there are almost no more employed auto workers, according to the Detroit Free Press.
The median income for an average household size in the city is a little above $27,000, opposed to the national average of $51,000.
