Ever wondered what a cool half a million could fetch you in terms of real estate across the United States? As a licensed real estate agent based in Los Angeles but with an eye on markets nationwide, I explore what $500,000 can get you in various cities. From sprawling mansions in Detroit to compact condos in New York City, the diversity of the American real estate market is truly fascinating. And with the last couple of years witnessing some significant market shifts, there’s never been a more exciting time to consider buying or listing a home. Feel free to reach out to me at Kevin@radiofacts.com if you’re intrigued by any of these markets.
Detroit, MI: 4 Beds, 3.5 Baths, 4300 sq ft
For $500,000, Detroit can offer you a mansion-like property although the resale market is a bit tricky.
Dallas, TX
In Dallas, TX, your $500,000 will go a long way, securing you a spacious and comfortable living space.
Chicago, IL
Chicago offers a nice city condo for half a million, though for a larger home you may need to consider the outskirts or gentrifying areas.
Buffalo, NY
In Buffalo, NY, $500,000 will get you a 5 bed, 2 bath, 2400 sq ft property in the high-end Argyle Park area.
Charleston, SC
In Charleston, SC, you can secure a cozy property with $500,000.
Atlanta, GA
Your money will go much further in Atlanta, although real estate prices are on the rise and the return on investment could take many years.
Los Angeles, CA (Leimert Park)
In Los Angeles, real estate is almost always a great investment because of the high returns. Real estate has almost doubled in the last 15 years.
New York City
In New York City, $450,000 will get you a 700 sq ft apartment.
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