You can afford a house of 500k by earning anything from $74,607 before tax. In fact, the Greater Boston Area houses more than 100 colleges and universities and is a thriving economic hub. This tiny one-bedroom, one-bath unit downtown will run you $782 for every square foot of space. The garage can hold up to four cars. Grocers, restaurants and coffee shops are around two miles away, but Deer Creek Park and Deer Creek Elementary School are within walking distance. Looking after the in-laws? 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. For state and local governments, property taxes are necessary to function. 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. Check. Wyoming is the least populated U.S. state Cheyenne, its capital and biggest city, has a population of just over 64,000 but tourists flock here for a reason. We wouldnt mind waking up to this view one bit. This grand 4,073-square-foot property provides privacy and open, green spaces. Burlington ranks highly on several lists of the best places to live in the U.S., which make special note of its education system and quality health care. If youve ever wanted to be a lighthouse keeper, youre in luck. Housing, utilities and health care all cost less than the national average, according to Payscale. The expansive backyard is meticulously landscaped with flower beds, berry bushes and an irrigation well. 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. Ft. Park City is also renowned for its public spaces: The Boston Avenue/Mill Hill neighborhood is surrounded by several green areas, including Success Park just a few minutes away. 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. The house was built in 1979, but the exterior was redone in 2019. It backs onto the Country Club of Jackson, which offers golf, swimming, tennis, dining and other social events for well-to-do residents. Ft.) 5. The lucky homeowner will be minutes away from the Wallace Hartman Nature Reserve, the Charleston Town Center, the highly rated Charleston Area Medical Center and several good schools. 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. You have to have owned and lived in the house for 2 out of the last 5 years ending on . That said, locals enjoy easy access to multiple grocers and restaurants. Ft. ($101/Sq. 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. It features three beds, three baths, a detached garage and a wraparound back deck. In-ground pool? 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. Courtesy of John Miglionico, Weichert Northwest Philadelphia On the Northwest side of town, $500,000 (well, actually. New Mexicos first-time buyers are competing with out-of-staters for homes in affordable Albuquerque, causing a shortage and driving up prices. REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO. Indiana Median price per square foot: $86 $300,000 buys. Median List Price: $425,000 Three Bedroom Home: $410,000 This 1,680 square-foot house northwest of Denver is close to good roads and public transit. The coastal city has plenty of things to do, with a bustling town center and three-mile boardwalk with gorgeous ocean views. 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. A picturesque Victorian on ten acresthis is what real-estate dreams are made of. The content provided on MoneyWise is information to help users become financially literate. Where would you buy real estate if you had $500,000? First, we provide paid placements to advertisers to present their offers. Ft. ($108/Sq. Commissions do not affect our editors' opinions or evaluations. 3 Beds, 3.5 Baths, 2,459 Sq. The 3,683-square-foot furnished property is minutes away from the waterfront, downtown Louisville and the historic Old Louisville 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. What else can you buy around the country with $500K? I cover mortgage, housing and real estate. How does your state compare in purchasing power? Eager to bask in the Valley of the Sun? 44. 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. 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. turn-of-the-century house in Philadelphia. 1. You *Have* to See Ina Gartens Absurd New NYC Apartment. 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 . The 2,570-square-foot property was built in 1910 and includes six beds and two and a half baths. Location can mean the difference between a mansion and a bachelor pad. The cost of living in Birmingham is relatively low compared to other major cities. Oh, wait. Sign us up. We took a look at homes in each state on Realtor.com, checking areas ranging from cities to smaller towns and faceted our search to $475K to $525K. Arkansas: 4,950 Sq. This colonial home in the South End would be a perfect summer getaway. 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? Ft.) Several beaches lie nearby, as well. The kitchen features Carrara marble countertops and white cabinetry, and four tall windows in the living room allow for lots of natural light. This Craftsman home in Bowling Green is next to a golf course, so watch for flying balls when you go get the mail. Think of all the pancakes with maple syrup youll eat. South Carolina average lawyer salary: $105,320. The primary suite is a peaceful retreat with vaulted ceilings and a spa-like master bath. The home sits on the largest lot in the neighborhood perfect for building a private pool. But are you sure youre not paying too much for home insurance? This 2,065-square-foot camelback-style home is a recent addition to the historic Algiers Point neighborhood, near the Mississippi River. The floor plan features a double staircase and an open kitchen and dining area, four bedrooms and three bathrooms. , or youre just beginning your home search, were here to help get you inspired and excited to begin the process. See more homes for sale in Canton, GA under $500K. 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. Location is a plus, for the most part. Like to be in the center of the action? This beautiful 3,047-square-foot Queens Harbour home has an open layout, with four bedrooms, three baths and a three-car garage. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. 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. San Francisco is pricey (youll only get a postage stamp of a studio). (Although, uh, it kinda looks haunted.). This newly constructed ranch home in Cheyenne offers a quiet rural existence, although itll take you just 15 minutes by car to get to the heart of the city. 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. A leisurely stroll will get student tenants to the University of Louisville. 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. The unique all-glass garage window makes for true indoor/outdoor living and lets in plenty of natural light. Samantha is an editor who covers all topics home-related including home improvement and repair. Well leave it at that. This backyard of this house near Palm Beach is begging for a pool party. Plenty of restaurants and grocers lie less than three miles away, and you can hit the beach in a mere 15 minutes. E-mail me the best content from Howmuch.net. It features three bedrooms, two bathrooms, a renovated kitchen with granite countertops and a detached garage. They include cute little houses tucked into trendy city neighborhoods, and also sprawling mansions off of county roads. Apartment amenities include a rooftop pool and deck with grill, a fitness center and a party room. 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. This exquisite English Tudor home is nestled within The Woods at Josephinum neighborhood in Worthington, a northern suburb of Columbus. Ft.) 3. For any current residents, refinancing into a low mortgage rate is a smart way to manage your monthly payments. Ft. ($98/Sq. For example if the house last sold for 250k, when calculating yearly taxes they can and do take that figure in account. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. Theres even a finished basement with a fireplace. Just make sure youve got a good job lined up before moving here. Eliminate Clutter with These Cheap Garage Organization Tips, How Many Boxes Do I Need to Move? Ft. $349,000 Located in the desirable Trilogy Polo Club, this furnished home comes with plenty of amenities including a pool and gym. Ft.) Top 5 States with the Least Real Estate Purchased with $500,000 1. 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. A hot tub and pool in the backyard? Houstons where contest winners could really get some bang for their buck. 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. North Dakota is one of the worst states for winter driving, with 19 winter driving fatalities in the past three years, so make sure youre equipped with a good car insurance policy if you decide to make the move here. we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute. When it comes to affording a home, its all about location. New Mexico average . Colorado: 1,931 Sq. The jury in the double murder trial of disgraced South Carolina attorney Alex Murdaugh -- who is accused of killing his wife and younger son at the family's property in 2021 -- will . 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 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. Unemployment is relatively low, and incomes are relatively high. This tiny 1,074-square-foot property in East Los Angeles is a fixer-upper for sure, but it comes with quick access to the 710, 5 and 60 freeways. You can live in one unit and rent out the rest of this 3,524-square-foot multi-family home in Bridgeport. 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. Built in 1900, it boasts two bedrooms, two baths and a wood-burning fireplace. These variables can affect the overall cost of getting the house and make it unaffordable if you earn below $100,000. 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. 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 1,658-square-foot property includes four bedrooms and two baths, with an open floor plan on the first floor, a skylight over the kitchen and a fenced backyard. Updated January 2020: By searching, you agree to the Terms of Use, and Privacy Policy. Opinions expressed by Forbes Contributors are their own. Wyoming average lawyer salary: $105,600. She also has hosted videos on DIY home tips and solutions and launched multiple home improvement review boards staffed with licensed pros. 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. 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. This Ritz condo on Avery Street has a single bedroom and bathroom, hardwood flooring, an open kitchen and a marble bath. Take a walk outside and youll find numerous groceries stores, a community pool and a dog park. For joint owners who are not married, up to $250,000 of gain is tax free for each qualifying owner. The private, fenced backyard features fruit trees and a covered porch but isnt quite as refined as many of the others in this list. The products and services we review may not be right for your individual circumstances. The median listing price is just $58,000, so youll be spoiled for options. The Windy City can get plenty of storms throughout the year, so if you live nearby, make sure your home insurance policy covers wind and hail damage. Depending on the state that can quite a chunk of change. The ranking site Livability pointed to the citys affordability, low crime rate and quality health care systems and schools. Across the country, weve found an array of unique homes whether you like craftsman style, modern, traditional, or minimalist. Heres How to Keep Your Heating Bill from Being a Million Dollars This Winter. 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. 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. 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. The 2,964-square-foot property includes three bedrooms and two bathrooms, with hardwood flooring and a gas fireplace. Mississippi has some of the cheapest housing in the country, allowing you to live like royalty if youve got the dough. Staircase and an irrigation well windows in the country, weve found array!, an open kitchen and dining Area, four bedrooms and three bathrooms may be! The South End would be a perfect summer getaway the Least real estate Purchased with $ 500K locals easy.... ) $500k house in every state retreat with vaulted ceilings and a three-car garage and a spa-like master bath some. 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