The open kitchen is complemented by a breakfast nook and access to the dining room. 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. The primary suite is a peaceful retreat with vaulted ceilings and a spa-like master bath. First, we provide paid placements to advertisers to present their offers. But when its this cute, who cares? This Spanish residence in the Galway Meadows community is positively palatial. 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. That said, locals enjoy easy access to multiple grocers and restaurants. We earn a commission from partner links on Forbes Home. If your spouse dies and you subsequently sell your home, you qualify for the $500,000 exclusion if the sale occurs within two years after the date of death and the other requirements discussed above were met immediately before the date of death. Indiana Median price per square foot: $86 $300,000 buys. However, like most markets, real estate has been hit hard by the coronavirus pandemic. Psst, this chalet-style house in Excelsior has a wet bar. Oooh, graniteandstainless-steel countertops? Homeownership is among the lowest in the country, with 60% of residents owning their homes. The Depot Bench neighborhood includes many other homes built in the 1930s and 1940s, some in Spanish and Colonial Revival styles. 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. In the U.S., property taxes predate even income taxes. 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. Top 5 States with the Most Real Estate Purchased with $500,000 1. Georgias capital has a diverse economy and a bustling nightlife, and while home prices are on the rise, the cost of living is still below the national average. A hot tub and pool in the backyard? 1. Realtor.com estimates the monthly payments for this home would be around $1,517 a month on a 30-year fixed mortgage, assuming a 20% down payment. With a spacious patio, open floor plan, and a home office, homeowners will never want to leave this Colorado abode! 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. According to Realtor.com, the median listing price for a home in the United States is just under $300,000. These so-called Rust Belt states have large housing stocks due to their population losses. 3 Beds, 2.5 Baths, 1,639 Sq. If youre looking for a home with luxurious touches and a welcoming atmosphere, look no further. Ft.) Its not the White House, but a modern condo in the center of D.C. will do just fine. Whether you're simply browsing or looking to relocate to one of the most populous cities in the U.S., we've scoped out a home in the 25 biggest cities across the country with a listing price around $500,000. I cover mortgage, housing and real estate. Heres How to Keep Your Heating Bill from Being a Million Dollars This Winter. The Old Port historic district, also within walking distance, boasts an array of clothing boutiques, pubs, bars and restaurants. The median listing on Realtor.com is a whopping $950,000. 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. While Little Rock is mostly known for its outdoor appeal, you can find plenty of restaurants and coffee shops around the Rock Creek neighborhood, and the citys metro area has an active live music scene as well. Use SmartFinancial right now and stop overpaying for home insurance. Across the country, weve found an array of unique homes whether you like craftsman style, modern, traditional, or minimalist. South Carolina average lawyer salary: $105,320. California: 1,587 Sq. Opinions expressed by Forbes Contributors are their own. Um, you can see across the ocean into Canada. Ft.) The newly renovated interior has hardwood flooring and granite countertops in the kitchen. When you get tired of casino hopping, you can hop into the pool at your Vegas oasis. How Much Does Ethernet Installation Cost. This 2,902-square-foot Paradise Bluff home really lets you stretch out with a wrap-around balcony, swimming pool and covered patio. For more space, youll have to venture out a bit. The single-family residence reportedly has three bedrooms and one bathroom but the listing notes that potential buyers should check with the city and tax records for the official count and other property details. The 3,683-square-foot furnished property is minutes away from the waterfront, downtown Louisville and the historic Old Louisville neighborhood. Ft.) 3. In a unique and stylish twist, some windows even have inner-facing panel shutters. How does your state compare in purchasing power? , or youre just beginning your home search, were here to help get you inspired and excited to begin the process. 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. House #1 is a 1930s-era three-bedroom ranch in Ann Arbor, Michigan. 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. Ft. Learn more about our, From the West Coast to the East Coast and down to the South, weve scoured the, for beautiful homes for sale under $500K. Eager to bask in the Valley of the Sun? 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. 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. Ft.) 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. It features three beds, three baths, a detached garage and a wraparound back deck. Arkansas: 4,950 Sq. Might not seem like much for $500,000, but the median listing price in the neighborhood is just under $1 million. 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. Ft. Built in 1907, it has been upgraded with new floors and new appliances.The master bedroom and two smaller bedrooms are on the main level and an upstairs loft can be designed as a fourth bedroom. 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. Heres a two-bedroom unit available at $500,000 in the Park Place Condo building. 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. For three years running, New Jersey has been the No. 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. 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. Did we say were moving to Texas? Should You Leave an Underground Oil Tank Buried? Boasting concrete floors, Viking appliances, screened-in porches and private garages, they make urban living more comfortable (and more spacious) than ever. That contest money would go far in Phoenix, too. Washington, D.C.: 906 Sq. Five hundred thousand dollars wont get you much in the City of Angels, but it will get you this immaculate tiny house. For $500,000, this Chicago high-rise apartment is, Courtesy of Randolph Romano, Dream Town Realty, This home in Chicago's Dunning neighborhood is, Courtesy of Ewa Kalwajtys, American Realty Chicago, A look at what $500,000 could get you in current. Thanks & Welcome to the Forbes Home Improvement Community! If that sounds enticing, just remember that Seattle is one of the costliest cities to live in, especially for millennials, with a median listing price of $725,000. This 2,098-square-foot corner-lot home in the Rock Creek neighborhood includes three bedrooms, two and a half baths and a new cedar deck in the backyard. The content provided on Moneywise is information to help users become financially literate. Six acres of land? READ REDFINS FAIR HOUSING POLICY. The property includes a walk-out basement with a recreation and game room and a huge wet bar. Below are the states with lower-than-average home costs and median monthly housing costs under the 30% threshold. 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. In-ground pool? Yes, a mortgage is a big deal, but it's probably not as complicated as you think. Ft. ($97/Sq. Hmm, we have a strange urge to grow our hair realllly long. This 2,994-square-foot home backs onto the woods and includes four bedrooms, three and a half baths and a two-car garage. Ft. ($259/Sq. Indiana: 4,630 Sq. 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. Utah Price: $544,868 Size: 2,305 sq. The property is situated in Reynoldstown, a historic district just a couple miles away from downtown Atlanta. 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? 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. 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. Just make sure youve got a good job lined up before moving here. For a frame of reference, normal-sized bedrooms and living rooms are usually between 300 and 400 square feet. 9 Red Flags to Watch Out for When Buying a New Home. Its functional, if unremarkable, but the real draw is location, location, location. Ft.) 2. It was constructed at the turn of the last century in 1900 and doesnt come with running water, heat or electricity. 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? Wood floors? Mississippi: 5,208 Sq. The Circle City is a fairly cheap place to live and hosts some major sporting events each year, including the Indianapolis 500. 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 has four bedrooms, three bathrooms and one half-bath and features a partially finished basement, a large sunroom and a stone patio with a stone fireplace and grill. This stunning Houston retreat offers true modern luxury with beautiful finishes throughout the home, tall vaulted ceilings, and plenty of windows. Were cold just thinking about it. This Ranch style home is anything but ordinary with its vaulted ceilings, unique rock wall with an arched doorway, and a sleek kitchen. Follow along to find out what half a million could get you in your home state and across the country. 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. If golf, faith and foliage arent your thing, there are several grocery stores, coffee shops and restaurants nearby as well. Uptown Houston, with its massive shopping center and year-round ice rink, is under a half hours drive away. This Craftsman home in Bowling Green is next to a golf course, so watch for flying balls when you go get the mail. Check out the first-time homebuyer programs available in Arizona. Its situated in Deer Creek Village in Edmond, a suburb of Oklahoma City. Oklahoma is prone to tornadoes, so the home includes a 12-person inground storm shelter and a Class 4, hail-resistant roof. While your money goes far here, that may not be the case much longer. The inside features coffered and tray ceilings, arched doorways, and a stunning navy blue dining area. This cottage-style home was built way back in 1930, but after a new coat of paint, its age doesnt show. 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. 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. Its situated near some small parks, such as Binglewood and Freshmeadow, but also the 2,154-acre Bear Creek Pioneers Park. 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. 4. 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. Sign us up. Where would you buy real estate if you had $500,000? What that dream home will look like, though? 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. 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. It has four bedrooms and three baths, and the garage fits two cars. The trendy East Nasty neighborhood, where this home is located, is known for its fantastic food and music scene. The content provided on MoneyWise is information to help users become financially literate. With a large open kitchen, spacious bedrooms and closets, and a large game room with a list price well under $500K, whats not to love about this home? Want to use our visualization online, including on open publications like blogs, news sites, etc.? 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