Wood floors? Price: $500,000 Size: Four bedrooms, two bathrooms, 1,757 square feet, 6,621 square foot lot What We Love: Fully renovated, bungalow front porch, chef's kitchen, custom stone countertops Hawaii. Given the average American home size in 2018 was 2,386 square feet a pretty good size you can see that $500,000 would get you a fair-sized home almost anywhere you are. California: 1,587 Sq. See more homes for sale in Indio, CA under $500K. Its also situated in the highly rated Andover School District. 1. The Old Port historic district, also within walking distance, boasts an array of clothing boutiques, pubs, bars and restaurants. With a spacious patio, open floor plan, and a home office, homeowners will never want to leave this Colorado abode! With $500,000, you can live large in little Delaware. Five hundred thousand dollars wont get you much in the City of Angels, but it will get you this immaculate tiny house. Its just 888 square feet, but it boasts three bedrooms, two baths and a low-maintenance yard to boot. See more homes for sale in Olathe, KS under $500K. Its situated in Deer Creek Village in Edmond, a suburb of Oklahoma City. $420,000. The Forbes Home editorial team is independent and objective. Another region of the country with low housing prices is the Midwest: Indiana and Ohio offer relatively low square-foot prices. This Ashland home has serious curb appeal. The open kitchen is complemented by a breakfast nook and access to the dining room. The listing says this 5,283-square-foot multi-family home could make a fine investment property if youre willing to strip it down to the studs. Ft.) 2. But are you sure youre not paying too much for home insurance? 2. It features three beds, three baths, a detached garage and a wraparound back deck. While in some areas you can still find reasonable prices for a home, other states and bigger cities have seen a boom in asking prices for homes. In Texas second-most popular city, $500,000 can go pretty far. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. True to that promise, you can find plenty of grocers, restaurants and coffee shops nearby, while Folly Beach famed for its pier, fishing, surfing and live music is less than an hour away. E-mail me the best content from Howmuch.net. The results vary at the state level, however, and . Apartment amenities include a rooftop pool and deck with grill, a fitness center and a party room. Its functional, if unremarkable, but the real draw is location, location, location. The expansive backyard is meticulously landscaped with flower beds, berry bushes and an irrigation well. Prices are soaring in the City of Angels. This cute five-bedroom in Dunning is an option. This exquisite English Tudor home is nestled within The Woods at Josephinum neighborhood in Worthington, a northern suburb of Columbus. For example if the house last sold for 250k, when calculating yearly taxes they can and do take that figure in account. The 2,614-square-foot lot fits nine bedrooms and three bathrooms, and the listing suggests the owner could earn a rental income of $4,800 per month, assuming full occupancy with each tenant renting three rooms. Ft. ($101/Sq. (Although, uh, it kinda looks haunted.). Ft. ($98/Sq. Indiana: 4,630 Sq. And the Battle of Germantown was fought on its land during the Revolutionary War. The 4,851-square-foot property consists of four units the sellers suggest it can be converted into six with eight bedrooms and four bathrooms. Home prices in Des Moines are relatively cheap, but if youre still struggling to cover your down payments, check out the various homebuyer programs Iowa has to offer. Analysis: All three of our homebuyers can afford this one. Almost 200,000 leave and go out of state every year, according to Census data. After a booming market, is it still safe for you to buy? The 3,539-square-foot property has four Texas-sized bedrooms, three and a half baths and a second-story balcony that looks like it could seat 15 people. Send requests to: permissions@howmuch.net. Want to be closer to the sights? The housing market has performed well in recent quarters, with the average rate on 30-year loans rising to 3.36% from 3.29%, making it the lowest level in 50 years. 2 Beds, 1.75 Baths, 1,415 Sq. The ranch-style home features a spacious kitchen with a granite-topped island and quartz countertops, a living room with vaulted ceilings and a gas fireplace and two separate patio areas outside. It really blows my mind to see houses 700k+ in other states because the income opportunities aren't the same like they are in California. Our data comes from Zillow and we use median list price per square foot to derive how many square feet could be purchased with half a million dollars in all 50 states. Louisiana average lawyer salary: $105,490. While some states don't levy an income tax, all states, as well as Washington, D.C., have property taxes. Where would you buy real estate if you had $500,000? For three years running, New Jersey has been the No. Whether that falls into your budget or not, make sure to compare rates from different lenders before you settle on a mortgage. The two-bed, two-bath property sits by the Milwaukee River in the Historic Third Ward neighborhood and is just down the block from the Milwaukee Institute of Art & Design. So who can afford this house? Arched doorways and a brick fireplace nestled between built-in shelving gives the living room a warm, vintage feel. And you wont need a car to experience the best of Providence outside your door. Yep, this honest-to-goodness lighthouse has four bedrooms inside. This 831 square-foot home has a wonderful backyard and includes a two-car garage. But once inside, its unlike typical craftsman homes. You can check out the small pubs and art galleries nearby, stroll around and admire the Victorian cottages or venture down to the Jazz Walk of Fame and Confetti Park. ABCNews. Around the community, youll find soccer fields, a basketball court, a fitness center and a neighborhood pool. The 1,642-square-foot home is bigger than it appears: It fits four bedrooms and two and a half baths and includes a basement. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Check out these 10 beautiful homes for sale under $500K right now: Located in the desirable Trilogy Polo Club, this furnished home comes with plenty of amenities including a pool and gym. New Mexico average . The large breakfast bar and stunning music room with custom barn doors are just a few of the features that make this one of our favorite homes for sale under $500K. In San Diego, downtown living will cost you. Unemployment is relatively low, and incomes are relatively high. Its within walking distance of the highly rated Detroit Waldorf School, Pingree Park and the historic West Village neighborhood, which has several bars, restaurants and shops. The kitchen features Carrara marble countertops and white cabinetry, and four tall windows in the living room allow for lots of natural light. Might not sound that enticing to the uninitiated, but the wheat flour mills that gave the area its name have long since been replaced by luxurious loft homes and beautiful riverside parks. Just pick wildflowers on your 97(!) The home sits on the largest lot in the neighborhood perfect for building a private pool. The corner-lot property includes three bedrooms and two and a half baths, and is just a few blocks away from the Canal Street Ferry, which crosses over to Canal Street in the Central Business District. Well leave it at that. Youll never need to buy a bouquet again. Join here. Want to use our visualization online, including on open publications like blogs, news sites, etc.? For $500,000, you could get this turn-of-the-century house in Philadelphia. Set on a private wooded yard, homeowners will be able to kick back and relax in this stunning South Lebanon home. That sounds like a big number, but when you consider that the 2018 median size of a new home in America is 2,386 square feet (which is 1,000 square feet larger than 50 years ago), its no surprise that mortgage debt has hit a record-high $14 trillion. House #1 is a 1930s-era three-bedroom ranch in Ann Arbor, Michigan. See more homes for sale in Canton, GA under $500K. When you get tired of casino hopping, you can hop into the pool at your Vegas oasis. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. While you can find quite a few homes in Minneapolis for around $200,000, this stunning condo is located in the heart of the Mill District. Lets take a look at just how different $500,000 looks in the countrys biggest real estate markets: If youre looking to stay in the downtown area, $500,000 can get you a pretty nice pad in a high-rise. Home prices have been increasing more in the last few years than ever, along with increased moving costs and the influx of people moving from bigger cities to smaller areas. These are some of the most expensive states to live in, and Washington DC, where you get less than 1,000 square feet, is one of the most expensive cities to live in. This two-bedroom, two-bathroom unit faces the Gold Medal Park and features open living spaces, maple hardwood floors and a patio. Sales per square foot range across the country from $98/sq ft in Mississippi to $552/sq ft in Washington, D.C. A home in West Virginia can be purchased for one-third the price of one in Washington, D.C. 30-year mortgage rates recently hit 3.29%, the lowest in 50 years, a promising indicator for home buyers. Did we say were moving to Texas? Ft. ($105/Sq. Idaho Falls, Idaho $200,000 Keller Williams Realty East Idaho / Via realtor.com Size: Four beds, two baths, 2,068 square feet. Theres even a finished basement with a fireplace. This condo places you within walking distance to the train station, museums, shops, restaurants, hospitals and schools, such as the Rhode Island School of Design and Brown University. The 2,718-square-foot property backs onto the eponymous woods and boasts four bedrooms, two and a half baths and a recently remodeled kitchen. The 3,063-square-foot property is conveniently located by a number of dining options, and you can work off any extra pounds by walking to the Upper Roxborough Reservoir Preserve, the Wissahickon Trails or the Schuylkill Center for Environmental Education. The poll also found that among those who have been saving for retirement, 6.7% have saved between $10,000 and $49,999, 12.6% have saved between $50,000 and $99,999, 12% have saved between $100,000 and $199,999, 9.9% have saved between $200,000 and $299,999 and 16.5% have saved $300,000 or more. Ft. ($108/Sq. Half a million dollars can get you over 3,000 square feet of home real estate in the United States, based on the national median price per square feet. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. A space on the first floor was once used as a veterinary clinic and a dentist's office, so youve even got income potential if you run your own small business or side gig. However, you must consider several factors such as the downpayment, loan terms and interest rates, debt obligations, and closing costs based on location. Washington, D.C.: 906 Sq. Ft. ($108/Sq. The cost of living in Birmingham is relatively low compared to other major cities. How does your state compare in purchasing power? The Woods is a quiet neighborhood with numerous mature trees, situated between the York Golf Course and the Pontifical College of the Josephinum, a Roman Catholic seminary. The Ritz condo is extremely close to the Equinox spa, Loews Theater, Boston Common and several universities, including the prestigious Tufts University. Its a comfy location, as the 1,962-square-foot property falls within the highly rated Boise School District and is close to numerous restaurants and coffee shops. Dont mind if we do. In 2018, $300,000 bought a 1,478-square-foot home at $203.04 per square foot. This stately 30s home in Chattanooga has been completely renovated inside, so you get the best of both worlds. In fact, the Greater Boston Area houses more than 100 colleges and universities and is a thriving economic hub. The 3,683-square-foot furnished property is minutes away from the waterfront, downtown Louisville and the historic Old Louisville neighborhood. With panoramic Hill Country views, an expansive guesthouse, an outdoor kitchen (and shower) and Travertine floors throughout, its as spacious as it is stylish. Ft. Compare current mortgage rates from top national lenders. Arkansas: 4,950 Sq. Its also minutes away from several schools and the University of Maryland Medical Center in downtown Maryland. Built in 2007, it offers an updated kitchen, new appliances and stone countertops. The property was custom-built in 2009 and features four bedrooms, four and a half bathrooms, two living areas, an office/flex space and a bonus room.. Homeownership is among the lowest in the country, with 60% of residents owning their homes. The two-story home has five bedrooms, two and a half baths, multiple living spaces and a deck with a hot tub in the back. The garage fits three cars. Across the country, weve found an array of unique homes whether you like craftsman style, modern, traditional, or minimalist. If you want to see more beautiful homes, check out these jaw-dropping modern mansions. We earn a commission from partner links on Forbes Home. A Freddie Mac study found borrowers who get at least five offers save an average of $3,000 versus those who go with the very first rate they see. 5. This backyard of this house near Palm Beach is begging for a pool party. This is an upscale home for the area, as the median listing price in Villa Maria Drive is $369,000. OK, if you go outside the city youre likely to find something much bigger, but in Manhattan youd be lucky to nab this Midtown studio apartment. The stylish interior includes three bedrooms and two and a half baths and an open main floor with dual glass French doors leading into an office. The World War II era bungalow has three bedrooms, two bathrooms, a gated backyard and a basement. This Craftsman home in Bowling Green is next to a golf course, so watch for flying balls when you go get the mail. If we buy this home in the Boise foothills, can we keep the furniture? Priced at $499,000, it offers 873 square feet, high ceilings and easy access to the citys top amenities. This Home Sale Gain Exclusion lets you exclude (i.e., not pay tax on) up to $250,000 of gain on the sale of your primary residence if you are single or $500,000 of gain on the sale of your primary residence if you are married filing jointly with your spouse. The primary suite is a peaceful retreat with vaulted ceilings and a spa-like master bath. Ft.) We dont even care about the rest of the house. Mississippi: 5,208Sq. Yep, we think were gonna like it here. In Honolulu, one of the most expensive cities in the U.S., the median home value is a whopping $731,637, according to Zillow. The inside features coffered and tray ceilings, arched doorways, and a stunning navy blue dining area. Like the rest of the city, it endures bitterly cold winters and heavy snowfall. States are listed in descending order of square footage of home. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. The median listing on Realtor.com is a whopping $950,000. Last year, Sioux Falls placed 10th in a list of the top 100 best places to live. This sprawling 3,844-square-foot property in the suburban Ingersoll Park neighborhood is surrounded by schools and restaurants and lies just five minutes from the hubbub of downtown Des Moines. The city also has a reputation for being a great place to raise a family. The charm factor is high, with hardware flooring, exposed wood beams in the ceiling, skylights and a lovely patio, deck and playhouse in the backyard. There's One Option Right Below Your Feet, How to Get a Mortgage: Follow These 9 Steps, The #1 new homeowner rule is to shop around for your mortgage. With home values so costly in some parts of the country, you just may be able to find a four- or five-bedroom home for a cool $500K. Utah Price: $544,868 Size: 2,305 sq. Housing in these states is a bargain: the average home price in West Virginia is one-third the price of homes in Washington, D.C. And, while Gulf states like Mississippi and Alabama offer lots of real estate for your money, keep in mind that it will cost more to insure homes in these states as they are at risk for hurricanes and floods. The floor plan features a double staircase and an open kitchen and dining area, four bedrooms and three bathrooms. With these real estate prices, its no wonder these states also lead the nation in consumer debt. The open-concept living space features 13-foot ceilings, a wall of windows and bare concrete ceilings and pillars throughout. The city of Billings is also known for offering an urban lifestyle in the midst of natural wonders, such as the famous sandstone Rimrocks, and numerous historic sites. The listing says it could be a smart investment opportunity for someone with the gumption to transform the space into a forever home.. But when its this cute, who cares? SmartFinancial compares quotes from over 200 insurance companies to check for discounts and help you find lower rates in your area. During the big game February 2, the Rocket Mortgage Squares contest will offer $50,000 in cash for randomly drawn winners at each score change (up to 30 of them). A breakfast nook and access to the dining room experience the best of Providence outside your door the waterfront downtown! Fireplace nestled between built-in shelving gives the living room allow for lots of natural light low prices! Built in 2007, it offers an updated kitchen, New Jersey has been completely renovated inside, No. In descending order of square footage of home investment property if youre willing strip! A fine investment property if youre willing to strip it down to the citys top.! Ga under $ 500K, if unremarkable, $500k house in every state it boasts three bedrooms, two baths includes. Green is next to a golf course, so you get the best both! 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