Sure, its hot in Covington, but look where you get to cool off. The unique all-glass garage window makes for true indoor/outdoor living and lets in plenty of natural light. This adorable backyard. Second, we also include links to advertisers offers in some of our articles; these affiliate links may generate income for our site when you click on them. Located in the amazing Savannah community, this homes brick exterior is beautifully contrasted with charcoal garage doors and window shutters. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. West Virginia: 5,155Sq. What else can you buy around the country with $500K? It was constructed at the turn of the last century in 1900 and doesnt come with running water, heat or electricity. For example, its walking distance to trendy Plaza-Midwood and just minutes away by car from the business district in Uptown. As for bay area housing prices, I think it depends. Corner lots arent for everyone they tend to be noisy, with double the traffic and stop signs right outside but this lovely 3,812-square-foot ranch-style home is pretty enticing nonetheless. The immediate area isnt quite as ritzy, as the median listing price on the street is just $209,900. Cost per Square Foot: $236 Average downpayment (12%): $65,384 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. Located in the most private area in the community, this end unit home is ideal for entertaining. The 3,200-square-foot property is located on Bell Avenue in Morgan Park, south of the upscale Beverly Hills neighborhood. 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. Like the rest of the city, it endures bitterly cold winters and heavy snowfall. New Mexicos first-time buyers are competing with out-of-staters for homes in affordable Albuquerque, causing a shortage and driving up prices. The property is situated in Reynoldstown, a historic district just a couple miles away from downtown Atlanta. This grand 4,073-square-foot property provides privacy and open, green spaces. This comfy condo in the residential Bryant neighborhood includes two bedrooms and one bathroom, with a large private deck. See more homes for sale in Savannah, TX under $500K. 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. 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. Heres What 3,000 Square Feet Looks Like in Every State. 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. The state has a higher-than-average cost of living at 31% over the U.S. as a whole, according to MERIC. See more homes for sale in Houston, TX under $500K. She edited home repair and design content at websites like The Spruce and HomeAdvisor. 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. The city also has a reputation for being a great place to raise a family. Alabama: 4,762 Sq. Heres Whats Wrong and How to Fix It. Price: $549,900 With $500,000, you can live large in little Delaware. A leisurely stroll will get student tenants to the University of Louisville. Ft. ($101/Sq. The Old Port historic district, also within walking distance, boasts an array of clothing boutiques, pubs, bars and restaurants. At the end of the game, two grand-prize winners will get $500,000 to potentially use toward their dream home. To be fair, its a nice one-bedroom: The condos floor-to-ceiling windows face the city and the stunning Diamond Head shoreline, and the building is pet-friendly. 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. Dream summer home. The 2,652-square-foot, new traditional home fits four bedrooms and two baths, with hardwood floors and numerous windows. Dont miss the open-air concerts at the Algiers Ferry Landing, either. OK, its a condo. This 2,994-square-foot home backs onto the woods and includes four bedrooms, three and a half baths and a two-car garage. This 1988 colonial brick home in Anglesey features spacious living and dining areas, a family room with a gas fireplace, three bedrooms, three and a half baths, a wet bar, an office space and a sunroom. Ft.), 1. (And a great red door.). A Test, The 18 Most Comfortable Sofas Money Can Buy, Starting at $500, This Viral Transformer Table Can Be Used As ADesk, Entryway Credenza And Dinner Table for 12 Thanks to Expandable Panels, 24 Last-Minute Gift Ideas for Every Occasion, The Target Spring Decor Section Is Next Level, And These 15 Pieces Aren't to Be Missed. In fact, the Greater Boston Area houses more than 100 colleges and universities and is a thriving economic hub. The open-concept living space features 13-foot ceilings, a wall of windows and bare concrete ceilings and pillars throughout. Its situated near some small parks, such as Binglewood and Freshmeadow, but also the 2,154-acre Bear Creek Pioneers Park. The median listing on Realtor.com is a whopping $950,000. In 2017, homebuyers in the Beaver State could expect to shell out $188.95 per square foot for a 1,588-square-foot house. For three years running, New Jersey has been the No. 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. Youre greeted with sleek finishes, contemporary tones, and beautiful blue hues. Theres a reason this 2,993-square-foot property with a heated swimming pool, outdoor kitchen and TV, putting green and spa is so gorgeous and elaborate. The newly renovated interior has hardwood flooring and granite countertops in the kitchen. Were cold just thinking about it. Twenty acres of farmland? Compare the number of square feet you can buy for $500,000 in Cleveland with that of San Francisco, and it's a difference of 4,966 square feet! But if you work at one of the Strips glitzy neon casinos or resorts, this luxe Panorama Towers condo is just minutes away. If you are looking to purchase more real estate for your money, head south: Mississippi and West Virginia are the only states in America where half a million dollars will get you more than 5,000 square feet. Give us credit as your source, "HowMuch.net, a financial literacy website", Copy this link to your website (Image is included here). 4 Beds, 3.5 Baths, 2,696 Sq. Lets say youve got a good credit score, nailed down a record-low interest rate and determined you can buy a property worth $500,000. Its no Venetian, but the apartment complex offers numerous amenities, including concierge services, an outdoor pool and spa, a fitness center, 24/7 valet and complimentary limo services, a game room, racquetball court, theater room and a pet park. In fact, the earliest known record of property taxes dates back to the 6th century B.C. The garage fits three cars. You wont lack for green spaces the community has several parks, such as Bethany Lake and Allenback Acres and downtown Portland is just 15 minutes away. See more homes for sale in Delran, NJ under $500K. 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. Plenty of restaurants and grocers lie less than three miles away, and you can hit the beach in a mere 15 minutes. Yep, this honest-to-goodness lighthouse has four bedrooms inside. How does your state compare in purchasing power? Want to use our visualization online, including on open publications like blogs, news sites, etc.? This Ranch style home is anything but ordinary with its vaulted ceilings, unique rock wall with an arched doorway, and a sleek kitchen. I agree to receive the Forbes Home newsletter via e-mail. It's a lengthy, complicated process, so just keep your eyes on the prize: your new home. That contest money would go far in Phoenix, too. Take this one-bedroom, one-bath unit. 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. You can expect your money to go far in Detroit, where housing prices have been depressed since the collapse of the manufacturing industry decades ago. Eager to bask in the Valley of the Sun? Homeowners can look forward to spacious bedrooms, a double-sided gas fireplace, an outdoor pool, and a price point well below $500K. Several beaches lie nearby, as well. Ft. 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. TREC: Info About Brokerage Services, Consumer Protection Notice. See more homes for sale in Indio, CA under $500K. Hospitals are less than 10 minutes away, and Kansas City houses several professional theaters and museums, such as the Nelson-Atkins Museum of Art and the National World War I Museum. 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. When it comes to affording a home, its all about location. One companys innovative approach makes farmland investing easier and more accessible. This cute little cottage in Maplewood is only half an hour from New York City. Eliminate Clutter with These Cheap Garage Organization Tips, How Many Boxes Do I Need to Move? Housing, utilities and health care all cost less than the national average, according to Payscale. For Teresa and Martin, who can both afford a 20% . Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. Ft.) But if you lived here, your life would be one long resort vacation. 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. Ft. ($108/Sq. 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. The Boston Avenue/Mill Hill neighborhood is largely residential, with a few schools and medical centers, such as the Bridgeport Hospital. 3 Beds, 2.5 Baths, 1,639 Sq. If you choose to settle down in Sioux Falls, this 2,076-square-foot twin home in the Diamond Valley community delivers on character and comfort. The nearby Henry W. Maier Festival Park hosts the annual Summerfest music festival and other cultural events. Ft.) 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. 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. 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. Birmingham typically experiences hot summers and mild winters, and as an added bonus for parents, nearby Oak Mountain High School is one of the top ranking schools in the area. The home is just 10 minutes away from Downtown Manchester and close to highways, public transportation and multiple restaurants and grocers. Oklahoma is prone to tornadoes, so the home includes a 12-person inground storm shelter and a Class 4, hail-resistant roof. Indiana: 4,630 Sq. The house is a deal at a listing price of just $135,000. Already, some of the homes in the Paradise Bluff neighborhood go for as much as $1.1 million. turn-of-the-century house in Philadelphia. The wraparound back deck is so large you could land a helicopter on it but the property also provides plenty of privacy, backing onto a wooded lot with access to a creek. 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. This cottage-style home was built way back in 1930, but after a new coat of paint, its age doesnt show. Time to buy some horses, stat. Ft.) What that dream home will look like, though? She also has hosted videos on DIY home tips and solutions and launched multiple home improvement review boards staffed with licensed pros. 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. Across the country, weve found an array of unique homes whether you like. It has four bedrooms and three baths, and the garage fits two cars. (It sort of looks like the Home Alone house, too.). East of the city, youll find properties like this four-bedroom home. Houstons where contest winners could really get some bang for their buck. Our viz is a grid map indicating the purchasing amount for each state: a larger square and lighter shade of pink indicates that more square feet can be purchased in that state. Today it consists of 12 bedrooms and six and a half baths, and the listing suggests the monthly rent could be around $7,580 with full occupancy. Better go sit in the hot tub. While the property seems like good value, bear in mind that hurricane season in Virginia Beach lasts from June through November and can bring strong winds and flooding. San Francisco is pricey (youll only get a postage stamp of a studio). The median listing price for a home in Providence is just under $300,000, meaning $500,000 can nab you this luxury high-rise condo downtown. These will be for sale soon. The unincorporated village of Chugiak lies around 20 miles northeast of downtown Anchorage. House #1 is a 1930s-era three-bedroom ranch in Ann Arbor, Michigan. Grocers, restaurants and coffee shops are around two miles away, but Deer Creek Park and Deer Creek Elementary School are within walking distance. The city gets its fair share of twisters Kansas is one the most disaster-prone states so its a good idea to save up for an emergency fund to prepare for the worst. Arched doorways and a brick fireplace nestled between built-in shelving gives the living room a warm, vintage feel. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. 5. Most people wouldnt want to buy a home right by the Las Vegas Strip, no matter how much they enjoy partying and gambling. This elegant Tudor home in Romanelli Gardens has three bedrooms, two and a half baths and a private backyard with a shaded pergola deck. Mott Haven faces the waterfront and features a mix of industrial and residential buildings. The area is desirable for good reason. Ft. ($101/Sq. This four-bedroom, 3.5-bath rustic estate is just one example of what that chunk of change can net you. Ft. $349,000 Located in the desirable Trilogy Polo Club, this furnished home comes with plenty of amenities including a pool and gym. Thanks to steep food and housing costs, people tend to come and go from the New York area all the time. Almost 200,000 leave and go out of state every year, according to Census data. 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!) Its just 888 square feet, but it boasts three bedrooms, two baths and a low-maintenance yard to boot. We meant Saint George, Utah. The main bedroom enjoys gorgeous glass French doors that open up to the patio. If we buy this home in the Boise foothills, can we keep the furniture? Ft.) 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.. New Mexico average . Where would you buy real estate if you had $500,000? It includes four bedrooms and three and a half baths. See more homes for sale in South Lebanon, OH under $500K. ABCNews. This clinker-brick home built in 1940 is tucked away in the quiet Depot Bench neighborhood. A house in the Elk Grove suburb of Sacramento priced at nearly $500,000. If you'd like to use our visualization in books, magazines, reports, educational materials, etc. In 2018, $300,000 bought a 1,478-square-foot home at $203.04 per square foot. Visualizing the Size of Half a Million Dollar House in Every State. 5. 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 products and services we review may not be right for your individual circumstances. This gorgeous cabin in Perry comes with a stocked fishing pond. Located near downtown, as well as the Houston Zoo, the Houston Arboretum and the Museum District, all the citys cultural hotspots are within reach. On the Northeast side of town, $500,000 could get you this massive, six-bedroom estate nestled along Lake Houston. 2. Theres limitless potential with the large in-law suite and spacious backyard. Location is a plus, for the most part. Last year, Sioux Falls placed 10th in a list of the top 100 best places to live. We dont even care about the rest of the house. Its situated in Deer Creek Village in Edmond, a suburb of Oklahoma City. Depending on the state that can quite a chunk of change. The surrounding warehouse district is known for its art galleries and studios, indie boutiques and upscale dining options. 2 Beds, 1.75 Baths, 1,415 Sq. 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. The expansive backyard includes a pavilion, brick fire pit and a shed so large the listing calls it a storage building.. 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. 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. The 2,570-square-foot property was built in 1910 and includes six beds and two and a half baths. This three-story, multi-family home in Newarks unincorporated West Side community is close to several neighborhood shops, schools, places of worship and some transportation links. Indiana. Its not the White House, but a modern condo in the center of D.C. will do just fine. Well Help You Unpack the Answer, Is Solar Energy Renewable? This 2,400-square-foot home was constructed just this year and features modern finishes and grey accents. Arkansas: 4,950 Sq. 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. Take a look below at what $500K can get you in each of the 50 states. The 3,683-square-foot furnished property is minutes away from the waterfront, downtown Louisville and the historic Old Louisville neighborhood. If you head south of the city to West Athens, then this quaint five-bedroom is within reach. According to Realtor.com, the median listing price for a home in the United States is just under $300,000. 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. Hmm, we have a strange urge to grow our hair realllly long. Want to live closer to the city? The yard has raised garden beds and a full sprinkler system as well. Six acres of land? The number one reason to move to New Albany? How Much Does A Home Security System Cost. Ft. ($269/Sq. 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. Its functional, if unremarkable, but the real draw is location, location, location. 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 is an upscale home for the area, as the median listing price in Villa Maria Drive is $369,000. While the home is nothing to write home about, US News ranks Portland as one of the best places to live in the nation, thanks to its high quality of life, low unemployment, low violent crime rates and decent school systems. This 2,035-square-foot townhouse features three bedrooms, three and a half baths and modern finishes, with hardwood flooring and quartz countertops. For state and local governments, property taxes are necessary to function. This cute little 1926 gem had us at white picket fence.. The motor speedway is just a couple hours drive away. Below are the states with lower-than-average home costs and median monthly housing costs under the 30% threshold. Its even equipped with the latest smart home technologies, including smart locks, the Ring video doorbell, a smart garage door and a learning thermostat. Ft. ($532/Sq. If you want to see more beautiful homes, check out these jaw-dropping modern mansions. Ft. ($98/Sq. For two lucky viewers, this years Super Bowl wont just mean bragging rights or a smorgasbord of finger foods and beer. Ft.) 3. 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. Location can mean the difference between a mansion and a bachelor pad. $499,900. 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.. Yes, a mortgage is a big deal, but it's probably not as complicated as you think. Arkansas: 4,950 Sq. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. This 2,902-square-foot Paradise Bluff home really lets you stretch out with a wrap-around balcony, swimming pool and covered patio. This Craftsman home in Bowling Green is next to a golf course, so watch for flying balls when you go get the mail. Psst, this chalet-style house in Excelsior has a wet bar. Built in 1947, this home is full of charm and character. Oooh, a modern pad in the center of Chicago. With the perfect balance of both stylish and rustic features, the custom details throughout truly make it something special. For example if the house last sold for 250k, when calculating yearly taxes they can and do take that figure in account. Commissions do not affect our editors' opinions or evaluations. Oh, wait. You wont need to travel far for restaurants, grocers or coffee shops. Full Committee Hearing: "Every State is a Border State: Examining Secretary Mayorkas' Border Crisis" WASHINGTON, D.C. Tomorrow, Tuesday, February 28 at 10AM ET, the House Committee on Homeland Security will hold a Full Committee hearing entitled "Every State is a Border State: Examining Secretary Mayorkas' Border Crisis." Event Details WHAT: A hearing to discuss the widespread . This sophisticated Victorian-style townhome in the Upper Roxborough Historic District fits four bedrooms and two full and two half bathrooms. The results vary at the state level, however, and . 9 Red Flags to Watch Out for When Buying a New Home. If youre worried about the cost, you can always rent out the yard of this Omaha villa for weddings. 2. Set on a private wooded yard, homeowners will be able to kick back and relax in this stunning South Lebanon home. With these real estate prices, its no wonder these states also lead the nation in consumer debt. The affluent Chantilly neighborhood is secluded away from the rest of the city consisting of single-family homes and a small park but is still close to the shopping districts and nightlife that surrounding neighborhoods have to offer. 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. Washington, D.C.: 906 Sq. Completely updated and renovated throughout, it boasts white shaker cabinets, quartz countertops and an expansive wood deck. Ft. Sitting in the St. Johns neighborhood, this home stands out with an impressive amount of detail in the interior design. The property built in 1999 features five bedrooms and three and a half baths, a heated garage that fits four cars and an expansive backyard with a deck. Heres What A $500K Home Looks Like In Each State, {{ tocState.toggleTocShowMore ? Send requests to: permissions@howmuch.net. This article is for informational purposes only, and is not a substitute for professional advice from a medical provider, licensed attorney, financial advisor, or tax professional. This tiny one-bedroom, one-bath unit downtown will run you $782 for every square foot of space. You have to have owned and lived in the house for 2 out of the last 5 years ending on . Theres also a shared pool and barbecue area. Might not seem like much for $500,000, but the median listing price in the neighborhood is just under $1 million. I cover mortgage, housing and real estate. The states where you'd get less than the average amount of space are California, Massachusetts, Colorado, Washington, Hawaii and in Washington, DC. Location: The west side of Idaho Falls. Well leave it at that. 11% of realtors have indicated a fall in buyer traffic amid coronavirus fears, a troubling indicator for home sellers. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. Mississippi: 5,208 Sq. Homeowners will enjoy a kitchen thats centered around the living room, kitchen, dining area, and open office space. The property is conveniently located a 10-minute drive will give you access to plenty of eateries downtown, the University of Utah or even some of the areas picturesque canyons. 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? The building is located just off the Burke Gilman Trail, minutes away from the University of Washington and the Seattle Childrens Hospital. Did we say were moving to Texas? This 1988 colonial brick home in Anglesey features spacious living and dining areas, a family room with a gas fireplace, three bedrooms, three and a half baths, a wet bar, an office space and a sunroom. 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