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How much house you can get in 30 major US cities for $500K

Bankrate Logo By Jason Notte of Bankrate | Slide 1 of 31: If you want to buy a home in a major U.S. city this year, expect to spend far more than the $257,700 the National Association of Realtors says is the median for existing homes.Home prices have risen year-over-year for nearly seven years, but the end result varies greatly by region. In fact, some of the largest cities in the country feature a median home price well beyond $1 million, so it’s difficult to tell how much home buyers can get for their money.We took a look through Realtor.com’s listings and found what we could get in each market for $500,000 or less.Unsurprisingly, that amount goes much farther in some cities than others.

How much house you can get in 30 major US cities for $500K

If you want to buy a home in a major U.S. city this year, expect to spend far more than the $257,700 the National Association of Realtors says is the median for existing homes.

Home prices have risen year-over-year for nearly seven years, but the end result varies greatly by region. In fact, some of the largest cities in the country feature a median home price well beyond $1 million, so it’s difficult to tell how much home buyers can get for their money.

We took a look through Realtor.com’s listings and found what we could get in each market for $500,000 or less.

Unsurprisingly, that amount goes much farther in some cities than others. 

© Ramunas Bruzas/Shutterstock
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