Follow Us: Google+
 
Bankrate.com

real estate

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.

 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. No more Social Security at 62?
  2. What TV homes cost in real life
  3. Bruce Willis' house for sale
  4. 5 frugal ways to expand living space
  5. What it takes to remodel kitchen
  6. Naughty things credit card won't buy
  7. Danny Bonaduce's house for rent
  8. 12 'meanest' cars for the environment
  9. 10 ways to turn off a homebuyer
  10. Top 10 states for foreclosure
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
4.05% 4.05%
15 yr fixed mtg
3.15% 3.18%
5/1 ARM
2.87% 2.85%
30 yr fixed mtg refi
4.04% 4.03%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
The latest monthly survey shows builder confidence is soaring.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.