Samantha is an editor who covers all topics home-related including home improvement and repair. Wilmington is one of the states poorest cities, with a median household income of just over $45,000. Courtesy of Steve Kazoleas, Ben Bay Realty Co. Location is a plus, for the most part. On the Northwest side of town, $500,000 (well, actually $490,000) can get you a five-bedroom, 3.5-bath property complete with a wrap-around porch, original hardwood floors (from 1925!) 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 2,652-square-foot, new traditional home fits four bedrooms and two baths, with hardwood floors and numerous windows. Thanks to steep food and housing costs, people tend to come and go from the New York area all the time. The states where you'd get less than the average amount of space are California, Massachusetts, Colorado, Washington, Hawaii and in Washington, DC. Arkansas: 4,950 Sq. If youre not a nature lover, bustling Center City is just a short drive or train ride away. The house is a deal at a listing price of just $135,000. Depending on where you live, that could score you a stunning mansion or multifamily investment property or you might be lucky to get a one-bedroom condo. This stately 30s home in Chattanooga has been completely renovated inside, so you get the best of both worlds. The expansive backyard is meticulously landscaped with flower beds, berry bushes and an irrigation well. If You're Going to Refresh Your Home for Spring, You *Must* Check Out Wayfair's Up to 70 Percent Sale, This Easyplant Supposedly Waters Itself, But Can It Really Help Me Keep a Plant Alive? After a booming market, is it still safe for you to buy? $300,000 Houses for Sale in Every U.S State - PureWow home Here's What $300,000 Will Buy You in All 50 States BRB, moving to Maine By Jillian Quint Published Jul 8, 2016 Fact: Three hundred grand will get you a decent home pretty much anywhere in America. A hot tub and pool in the backyard? 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. We adhere to strict standards of editorial integrity to help you make decisions with confidence. The property is situated in Reynoldstown, a historic district just a couple miles away from downtown Atlanta. Thanks & Welcome to the Forbes Home Improvement Community! Check out these 10 beautiful homes for sale under $500K right now: 1. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Commissions do not affect our editors' opinions or evaluations. Better go sit in the hot tub. Problem is you paid 500k, the accessor is gonna take his pound of flesh and tax you at 500, not 250.. your tax liability is double what you thought it would be. Two Super Bowl viewers could get $500,000 toward. After all, the first rule of real estate is: location, location, location.. Its also minutes away from several schools and the University of Maryland Medical Center in downtown Maryland. The seller mentions a total of five units but doesnt specify the number of bedrooms or bathrooms. 3. Ft. See more homes for sale in Houston, TX under $500K. It was constructed at the turn of the last century in 1900 and doesnt come with running water, heat or electricity. But if you can hack the weather, this 2,388-square-foot, two-story log home could be an extremely cozy home. If youre ready to buy a home, or youre just beginning your home search, were here to help get you inspired and excited to begin the process. What a $500,000 can get you in Staten Island. 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. This Ranch style home is anything but ordinary with its vaulted ceilings, unique rock wall with an arched doorway, and a sleek kitchen. Join here. Information and timely news from our team of trusted money specialists. You wont need to travel far for restaurants, grocers or coffee shops. Why would you ever spend this much on a one-bedroom? With these real estate prices, its no wonder these states also lead the nation in consumer debt. States are listed in descending order of square footage of home. So what can you get for half that number? With low rates and low traffic, this may be the time to buy a house: if youre considering it, check out our HowMuch guide to home loans. While the property would make a fine home, Denver itself has been rated one of the best places to live in the U.S. due to a strong job market and high quality of life. This colonial home in the South End would be a perfect summer getaway. Take a walk outside and youll find numerous groceries stores, a community pool and a dog park. Ft.) West Virginia: 5,155Sq. These will be for sale soon. While thats a lot more affordable, prices are rising fast: USA Today reports that house prices in Arizona jumped almost 14% between November 2019 to November 2020. This exquisite English Tudor home is nestled within The Woods at Josephinum neighborhood in Worthington, a northern suburb of Columbus. Jacksonville, a sprawling waterfront city with long, hot summers, is a popular destination for tourists on a budget and offers a relatively low cost of living for residents. Homeowners can look forward to spacious bedrooms, a double-sided gas fireplace, an outdoor pool, and a price point well below $500K. What else can you buy around the country with $500K? 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. 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. 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. Ft.). first-time homebuyer programs available in Arizona, states where home insurance is rising the fastest, costliest cities to live in, especially for millennials, Looking For Passive Income? This Ashland home has serious curb appeal. Think of all the pancakes with maple syrup youll eat. I cover mortgage, housing and real estate. Unique is an understatement when it comes to this gorgeous Olathe home. Let us know in the comments and share with your friends. The property includes a walk-out basement with a recreation and game room and a huge wet bar. Patent pending. High housing costs and high taxes are two of the biggest reasons. Built in 1947, this home is full of charm and character. Kentucky average lawyer salary: $100,100. The perfect place to gaze at the mountains and dream about where to buy your next house. Price: $549,900 With $500,000, you can live large in little Delaware. 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. These variables can affect the overall cost of getting the house and make it unaffordable if you earn below $100,000. This grand 4,073-square-foot property provides privacy and open, green spaces. Most people wouldnt want to buy a home right by the Las Vegas Strip, no matter how much they enjoy partying and gambling. Were cold just thinking about it. In fact, the earliest known record of property taxes dates back to the 6th century B.C. While you can find several single-family and multi-family homes around the same price point in the Portland area, this single bedroom and bathroom condo is situated in the coveted East End neighborhood, near the waterfront. 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. The unit includes three bedrooms, two and a half baths and a gorgeous kitchen with a granite counter and breakfast bar and stainless steel appliances. $359,000. Well, this roomy 4,407-square-foot home in the Reed Cove neighborhood boasts seven bedrooms and four bathrooms. Learn About This Critical Resource for Homeowners, Discovering Long Beach Attractions: A Must-Read for Newcomers, Explore Your City: 5 Well-Loved Parks in Fremont, CA, Crawling into the Unknown: Your Ultimate Guide to Crawl Spaces, 10 Fun-Filled Things to Do in Garden Grove, CA for Newcomers. To demonstrate just how radical the difference can be, weve highlighted one residence in the most populated city in each state on Realtor.com. The coastal city has plenty of things to do, with a bustling town center and three-mile boardwalk with gorgeous ocean views. This cute five-bedroom in Dunning is an option. They include cute little houses tucked into trendy city neighborhoods, and also sprawling mansions off of county roads. Ft.) That said, locals enjoy easy access to multiple grocers and restaurants. Houstons where contest winners could really get some bang for their buck. If we buy this home in the Boise foothills, can we keep the furniture? San Francisco is pricey (youll only get a postage stamp of a studio). Where would you buy real estate if you had $500,000? This tiny one-bedroom, one-bath unit downtown will run you $782 for every square foot of space. 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. One companys innovative approach makes farmland investing easier and more accessible. See more homes for sale in East Greenwich, RI under $500K. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. 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 content provided on MoneyWise is information to help users become financially literate. If golf, faith and foliage arent your thing, there are several grocery stores, coffee shops and restaurants nearby as well. Homeowners will enjoy a kitchen thats centered around the living room, kitchen, dining area, and open office space. This Spanish residence in the Galway Meadows community is positively palatial. A look at 500k houses in every state in the U.S. REI Game Changers 7.8K views 1 year ago Living in Jacksonville Florida 335 views 2 months ago Kaleb Shaw 247K views 1 year ago Beautiful. South Carolina average lawyer salary: $105,320. Oh, wait. Ft. ($105/Sq. Please see our. The median listing price on India Street is $785,000, making this 864-square-foot apartment about the best you could hope for as an entry-level option. The private, fenced backyard features fruit trees and a covered porch but isnt quite as refined as many of the others in this list. Its functional, if unremarkable, but the real draw is location, location, location. First, we provide paid placements to advertisers to present their offers. Well, that depends on where those winners are located. Wood floors? Five hundred thousand dollars wont get you much in the City of Angels, but it will get you this immaculate tiny house. How Much Does Ethernet Installation Cost. ABCNews. Across the country, weve found an array of unique homes whether you like craftsman style, modern, traditional, or minimalist. The ranking site Livability pointed to the citys affordability, low crime rate and quality health care systems and schools. It can also get you some amazing real estate all over the country, from a tiny studio in a cool city to a giant mansion in the countrysideto, um, a lighthouse. This spacious mid-rise condo is a treat for anyone who appreciates the industrial look. The home is just 10 minutes away from Downtown Manchester and close to highways, public transportation and multiple restaurants and grocers. Its located mere minutes away from the beaches that line Lake Champlain and Lake Balsam. Move to Belmont and never pay for electricity again. Location can mean the difference between a mansion and a bachelor pad. Its even equipped with the latest smart home technologies, including smart locks, the Ring video doorbell, a smart garage door and a learning thermostat. Its just 888 square feet, but it boasts three bedrooms, two baths and a low-maintenance yard to boot. And, if you happen to be above the $500,000 threshold, you will pay taxes at the capital gains rate, which might be as high as 20 percent of the amount above $500,000 plus you may have to pay the. If youre worried about the cost, you can always rent out the yard of this Omaha villa for weddings. Idaho Falls, Idaho $200,000 Keller Williams Realty East Idaho / Via realtor.com Size: Four beds, two baths, 2,068 square feet. But once inside, its unlike typical craftsman homes. The Boston Avenue/Mill Hill neighborhood is largely residential, with a few schools and medical centers, such as the Bridgeport Hospital. Here's what a $500,000 "dream home" would look, Here's what a $500,000 "dream home" looks like in, Courtesy of The Tracy Montgomery Team, Keller Williams Northeast, Here's what $500,000 could get you near downtown, Courtesy of Tina Schwarz, Keller Williams Realty, Here's a look at what $500,000 could buy you in, Courtesy of Torie Ellens, MyHome Group Real Estate, A look at what $500,000 could buy you near, Courtesy of Patrick McCabe, RE/MAX Fine Properties. Ft. ($108/Sq. Heres How to Keep Your Heating Bill from Being a Million Dollars This Winter. However, the neighborhood does experience its fair share of crime and more than its fair share of noise, as it lies relatively close to the Interstate 65 highway. The cost of living in Birmingham is relatively low compared to other major cities. 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. For a frame of reference, normal-sized bedrooms and living rooms are usually between 300 and 400 square feet. National parks abound, and the gorgeous Curt Gowdy State Park is less than an hours drive away from Cheyenne. This lovely townhouse in the heart of Denvers Capitol Hill is close to the major shopping district downtown and is walking distance to restaurants, schools, bars and parks. From the West Coast to the East Coast and down to the South, weve scoured the real estate market for beautiful homes for sale under $500K. Willing to live in the burbs? This five-bedroom, 4,000-square-foot estate would be an option, offering two patios, a pool, an island kitchen and more. This 2,994-square-foot home backs onto the woods and includes four bedrooms, three and a half baths and a two-car garage. It features three beds, three baths, a detached garage and a wraparound back deck. The content provided on Moneywise is information to help users become financially literate. A typical home in the state costs $559,312, with an average size of 1,744 square feet. The garage fits three cars. 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. These are the cheapest states to buy a house, based on housing cost ratios, which are calculated from the state's average monthly gross income and home costs. Featuring modern upgrades and clean finishes throughout, the bright and open floor plan is perfect for entertaining. Mississippi has some of the cheapest housing in the country, allowing you to live like royalty if youve got the dough. The 3,683-square-foot furnished property is minutes away from the waterfront, downtown Louisville and the historic Old Louisville neighborhood. As for bay area housing prices, I think it depends. This multi-family home was built in the Somerville neighborhood over a century ago but has been updated with plenty of modern features. 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. Granite countertops? Visualizing the Size of Half a Million Dollar House in Every State. The home lies in the low-crime Villa Maria Drive neighborhood in North Phoenix and is close to several schools as well as a Mayo Clinic Hospital. Weve always wanted a bedroom with a fireplace. You can completely relax in the homes spacious rooms, thanks to hardwood floors, new smart lighting and a wireless security system promising the feel of country living but all the convenience of the city.. She also has hosted videos on DIY home tips and solutions and launched multiple home improvement review boards staffed with licensed pros. In fact, the Greater Boston Area houses more than 100 colleges and universities and is a thriving economic hub. Uptown Houston, with its massive shopping center and year-round ice rink, is under a half hours drive away. The cost of living here is high, but if youve got some money left to spare, check out the Ala Moana shopping center and the juice bars and eateries of the Kaka'ako neighborhood, all within walking distance. Here's what $500,000 could get you in L.A. 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. This brick multi-family home was built over a century ago but has gone through multiple renovations over that time. Ft. ($315/Sq. This four-bedroom, 3.5-bath rustic estate is just one example of what that chunk of change can net you. Ft. ($108/Sq. Best of all, this home is listed well under $500K. The 2,570-square-foot property was built in 1910 and includes six beds and two and a half baths. 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