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10 cities: How much home can you buy?

Real Estate » 10 Cities: How Much Home Can You Buy?


How much does a typical home cost, and what do you get for the money? The differences from one metro area to the next might surprise you. And so might the differences within metro areas.

Bankrate got the median home prices for 10 frequently searched-for housing markets. (The median price is the midpoint; half of the houses cost more than the median.) Then Bankrate found homes for sale in which the asking prices were near the median.

It turns out you can buy a nicely sized brick house in Detroit with a detached two-car garage, complete with a guest suite, for around the area's median price of $66,500. At the other end of the spectrum, the Boston area's median price of $367,700 will net you a tiny studio in the Back Bay or a modest cottage 20 or 30 miles outside the city.

Here is what the median price will buy in Atlanta, Boston, Chicago, Dallas, Detroit, Las Vegas, Los Angeles, Philadelphia, Phoenix and Tampa, Fla.




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