If someone says “midpriced home,” what do you see?
A solid home in an established neighborhood? Something with a picket fence and a lawn to mow? An urban condo with no yardwork required?
While the images may be fuzzy, the math isn’t.
The U.S. median home price was $177,200 in 2012, according to the National Association of Realtors. That means half of homes cost more.
But real estate is a local product. So that national median might be well above or below the middle point in your community. Where you buy — region, proximity to metro areas and even side of town — can make a big difference in what you get for the money.
So what can you buy in that national middle range, say from $175,000 to $178,000?
The choices run the gamut. You can find a sleek condo in the city, a Victorian house in town with an old-fashioned garden, or a roomy ranch with a finished basement and two-car garage.
Shop carefully, and you’ll find there really is something for just about everyone — and midpriced doesn’t mean “boring.” Here are five median-priced homes on the market right now.