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Why Former President Jimmy Carter Still Lives in a $167,000 House

Posted On August 31, 2018

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Former President Jimmy Carter might have once called the white mansion at 1600 Pennsylvania Avenue his home, but now, he lives in a much, much more modest abode.

Carter, the nation's 39th president, lives a fairly normal — and frugal — life, according to The Washington Post. In fact, Carter, 93, still lives in the ranch house he built himself in 1961.

The home, in rural Plains, Georgia (about a 2½-hour drive south of Atlanta) is a two-bedroom ranch assessed at just $167,000, which is "less than the value of the armored Secret Service vehicles parked outside," the Post reports. It's also less than the median home price in Georgia, which is $175,300, according to real estate site Zillow.

Read more at CNBC.com.