Given the hype over skyrocketing home prices these days, here’s a fact that might come as a bit of a surprise: the national median home price is a reasonably affordable $232,000 in June, according to realtor.com® data.
“The median price is still affordable for the median-income household in the U.S., but just barely,” according to Jonathan Smoke, our chief economist. Why just barely? “List prices—and affordability—vary greatly around the country” explains Smoke. “That price won’t get you in the front door in San Francisco, but it will provide a greater-than-typical home in more inexpensive places likePittsburgh or Cleveland.”
Bottom lime: if you’re willing to expand your horizons and make your way to an emerging locale, you can end up with an affordable prize.
So how does that translate in the real world? Here’s a selection of what $232,000 will get you from around the country:
Address: 11317 Lady Slipper Ln, Richmond, VA
What you get: This “classic colonial” from 1984 comes with classy updates that include an eat-in kitchen with tile flooring, quartz countertops, and maple cabinetry.
Address: 2352 Conners Creek Cir Knoxville, TN
What you get: “A great buy,” boasts the listing. We agree. The charming, red-brick, three-bedroom Colonial built in 1994 is “move-in ready” and comes with three bedrooms and a bonus room.
Address: 16199 N 182nd Ln Surprise, AZ
What you get: Solar panels and low-upkeep landscaping mean it’s easy to be green. The four-bedroom home includes 10-foot-high ceilings, tile flooring, and sweet outdoor space.
Address: 412 Toura Dr, Pleasant Hills, PA
What you get: This grand-looking, two-level Tudor features four bedrooms, an updated kitchen, plus a fenced yard for Fido.
Address: 67 Fairfield St, Springfield, MA
What you get: This adorable abode built in 1905 has been updated while maintaining its Victorian charm. Standout details include an eat-in kitchen, hardwood floors, pocket doors, and a renovated bath with a claw-foot tub.
Address: 1322 Glen Ave Colorado Springs, CO
What you get: Character in Colorado. Built in 1903, this home has been renovated and features a freestanding fireplace, wood floors, a back deck, and a pond.
Address: 350 N 24th Ave Yakima, WA
What you get: Colonial-style buildings even made it out West. This 1925 beaut is so welcoming you’ll want to move in at first sight. Who can resist a white picket fence? Inside there’s hardwood flooring, a sunroom, a family room with fireplace, and an upstairs landing with built-in bookshelves.
Address: 520 Ivy St Grass Valley, CA
What you get: You’ll feel like you struck it rich with this home, which is located in a historic gold-mining town. Period details include a gas parlor stove, hardwood floors, and a covered porch.
Posted by Claudine Zap on realtor.com