You don't need to be rich to own a private island.<\/p>\n
In fact, owning a private island in the US can be cheaper than owning a median-valued home in some of the country's most expensive housing markets.<\/p>\n
For those outside-of-the-box homebuyers looking to invest in unique and affordable real estate, you're in luck. Business Insider has rounded up seven private islands in the US that are currently on the market for less than $450,000 each.<\/p>\n
To put that price point into perspective, the median home value in New York City is $649,026, the median home value in Los Angeles is $717,583, and the median home value in Honolulu is $703,170.<\/p>\n
The seven private islands are ranked from least to most expensive and are currently listed on the website Private Islands Inc. They include everything from an undeveloped island in South Jersey to an island that includes a fully furnished, two-bedroom cottage in Michigan.<\/p>\n
Keep reading for the full list.<\/p>\n
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7 private islands in the US that you can actually afford to buy - Business Insider - Business Insider<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" You don't need to be rich to own a private island. Continue reading