Home prices in Nicaragua vary as much as land and condo prices in Nicaragua do. Remember this adage. For new construction, concrete, rebar, steel trusses engineered for the seismic level, windows, doors, faucets, wire, tiles, sinks, toilets, lights, drywall, circuit boxes, conduit, and roofing materials are all priced at world price. There is no discount because you are buying these in Nicaragua. Labor is less, but labor only accounts for 1/3 of the cost of a new home. So if labor is only 25% of the U.S., then the total cost of a house in Nicaragua is about 3/4 that of a comparable home in North America. Older construction can and will be cheaper, but wiring and plumbing issues will be a concern.
Comparing stick built on the East Coast of the U.S. to concrete built in Nicaragua is not an apples to apples comparison. For new construction outside of Managua, built to a standard North Americans want and expect, also to a California seismic code, expect to pay US $70-$80 per square foot, plus land cost. Some lots in the city will have to have high walls, negating a ‘cheap price’. Lots nearer the beach can range from US $29,000 to $300,000, depending on property and location to the ocean. Nicer finishes higher. The advantage of lower labor costs are that fine hardwood cabinets, tile floors, and ironwork that would cost a fortune in the States are inexpensive here and beautiful.