Can you buy a starter home in Quincy, Weymouth, Norwell?

When Quincy-based real estate agent Jeffrey Chubb entered the industry 14 years ago, he would tell first-time homebuyers they could likely secure a nice, three-bedroom home with an hour or less commute into Boston for $300,000. 

These days, he recommends a budget of $500,000 – maybe even $600,000 if you’re looking for proximity to the city and a yard to call your own.

“$300,000, while it’s a ton of money, is not necessarily a reality in our market place anymore,” Chubb said. “You could go to Rhode Island or North Carolina or something like that, but it’s just not going to happen here in the greater Boston area.”

The U.S. is  experiencing a major affordable housing crisis, especially for first-time homebuyers or those looking to purchase a home ranging from 1,800 to 2,400-square-feet, the typical size of a starter home, according to experts. 

Homes on any kind of sizable lot, with more than three bedrooms or with proximity to the city just aren’t affordable for single shoppers, couples or young families, and “new South Shore builds, 100%, are not at entry-level pricing,” Chubb said. 

 Are starter- and entry-level homes on the verge of extinction?

“They’re not extinct, but they are endangered,” said Robert Dietz, chief economist for the National Association of Home Builders. “It’s much harder to find and build homes in smaller quantities in today’s market given the demand, space challenges, and potential regulatory burdens. The submarket that’s been least supplied has been the entry-level home.”