Here’s The Type of House That $500K Buys You In Every State

With America locked in what seems like an ongoing population realignment, many people are asking themselves where to relocate to, in order to find the lifestyle they’re in seek of, at a price that feels palatable.

One of the major considerations of any relocation is the cost of housing. Whether you’re in seek of moving on up, downsizing, or simply finding the best bang for your buck, opportunities can vary greatly across the country.

Have you ever wondered what $500,000 can buy you in one of the cities you’re considering calling home? Well, wonder no further, and spare yourself from the time and energy of scouring Zillow. Here’s what half a million dollars will buy you in some of the most desirable cities in America…

Indianapolis, Indiana

Indianapolis is a thriving community filled with social and cultural opportunities. A host of major sporting events, premiere shopping, and dining make this an attractive place for many to live and work.

For $525,000, you’ll find a stunning 2,400 square foot home with modern finishes and neutral accents that create an air of timeless beauty. Stylish interior fixtures, three bedrooms, and a home office add to its appeal.

Albuquerque, New Mexico

The largest city in New Mexico is home to superior mountain scenery, unique dining and entertainment opportunities, and vibrant festivals that are attended by tourists and residents who make their home here.

This desert flower of the Southwest can provide some sweet real estate as well; in the Paradise Bluff neighborhood, a 3,000 square foot oasis allows for the best of indoor and outdoor living, complete with pool and patio.

Jacksonville, Florida

Jacksonville is an expanding waterfront city with sultry summer heat and tepid winters. A booming tourist industry has created opportunities for rich arts and culture, as well as hopping nightlife, in this community.

At nearly $540,000, a beautiful Queens Harbor home blesses you with four bedrooms, three bathrooms, and a fifteen-minute brisk walk to the beach. The ultimate in comfort and lush beauty, this is the place to be.

Kansas City, Missouri

Kansas City is known as the “Heart of America”. It’s conveniently located near major waterways and interstates, and is known for its rich cultural and historic offerings for residents and tourists alike.

The city is a desired place to live and work. $490,000 can yield you a beautiful Tudor in the Romanelli Gardens neighborhood. Close access to shops, grocers, and hospitals makes living convenient and comfortable.

Columbus, Ohio

Columbus is the largest city in the state of Ohio; with a number of industries such as retail, medical research, education and banking lending to its booming economy, it provides plenty of opportunities for growth.

The real estate industry is equally as strong in this city; an exquisite 2,800-foot Tudor in the Woods At Josephinum area yields four bedrooms, nearly three baths, and a recently renovated kitchen perfect for entertaining.

Jackson, Mississippi

If living like royalty is an aspiration of yours, consider picking up a residence in Mississippi. A 4073 square foot sprawl in Jackson backs right up to a beautiful country club, with plenty of green on all sides.

An open floor plan, huge balcony, and vaulted ceilings are just a few of many amenities that this unique home affords. Three spacious bedrooms and a marble walk in shower in the master suite add to its opulent feel.

Little Rock, Arkansas

Little Rock is a superb place to live if you love the outdoors. National parks, hot springs, and scenic beauty color nearly every excursion, from the obscure errand run to a weekend of basking in nature’s wonders.

Living in Little Rock is quite affordable too. $540,000 will yield you nearly 4500 pristine feet of custom-built space on a wooded lot, complete with the opportunity to gaze upon squirrels, birds, and even deer.

Billings, Montana

Billings is the best of nature’s wonder and urban living combined. Restaurants, premier shopping, and nightclubs are nestled amongst picturesque views of mountains, sandstone, and other historic sites.

This ranch style beauty just outside of Billings boasts five bedrooms, three baths, and an expansive backyard view that begs to be used for socializing. $525,000 gives you urban convenience as you enjoy nature’s bounty.

Oklahoma City, Oklahoma

Oklahoma City is a vibrant community of people passionate about arts, culture, and sports. Beautiful parks, lakes, and a number of performance venues and sports arenas ensure that there’s always something to partake in.

$500,000 will land you this model builder’s home. A heated swimming pool, outdoor entertaining area, putting green, and spa is more gorgeous and elaborate than most of us would dream of, yet it’s all yours for the taking.

Charleston, South Carolina

Plan for a visit, stay for an even warmer Southern welcome. Charleston is one of the most beautiful cities in the South; historic architecture, natural beauty, and a booming tourist industry add to its appeal.

Should you choose to relocate, you can find a steal of a deal in a 3,000 square foot split level home for just over $500,000. Hardwood floors, spacious rooms, and soft lighting inspire a country feel in the heart of the city.

Phoenix, Arizona

Arizona is known as the “Grand Canyon State,” attracting both visitors and residents for its hot desert beauty. With a booming economy and opportunities for recreation, it’s an attractive place to invest in real estate.

For a modest half-million, you can pick up a 2,700 square foot home in the Villa Maria neighborhood of Phoenix. The rising value of real estate in this city indicates that settling here is a savvy financial move.

Sioux Falls, South Dakota

Sioux Falls recently placed in the top ten of “100 Most Desirable Places To Live.” Quality healthcare systems, excellent schools, and a low crime rate all add to what this city can offer families looking to settle in.

The Diamond Valley neighborhood can offer 2,100 square feet of space sporting a granite-topped kitchen and vaulted ceilings for a cool $525,000. Close to shopping and dining, you’ll find convenient living in quiet surroundings.

Orlando, Florida

Balmy weather, a thriving economy, and natural beauty make Orlando one of Florida’s most appealing areas to settle down. The area was nicknamed “City Beautiful” in light of its blend of landscape beauty and quaint homes.

Half a million will go far in the beautiful city; a five-bedroom, four bath home boasts an impressive 3600 square feet of space for family and friends. An open design concept and generous outdoor patio add to its appeal.

Fort Worth, Texas

Fort Worth, Texas comes well-equipped with employment opportunities that draw in thousands of new residents each year. Combined with a relatively low cost of living and excellent schools, the city has much to offer young and old.

It’s rumored that Texans like to do things bigger and better than other U.S. citizens; this four-bedroom, four bath home has a large open design concept, pristine decor, and plenty of space for work and play.

Omaha, Nebraska

Want to thrive like Warren Buffet? Consider putting down roots in or near Omaha, Nebraska. The area is home to a thriving economy and low cost of living, with entertainment suitable for every member of the family.

Kids and parents alike will enjoy this 4,300 square foot oasis complete with double staircase, open kitchen and dining, and four bedrooms. Easy access to Chalco Park trails and Wehrspann lake make for fun and lavish living.

Cleveland, Alabama

Cleveland, Alabama is your quintessential small southern town. Set against a backdrop of lush landscape and blessed with temperate weather (much more so than Cleveland, Ohio) for much of the year, your real estate dollar will stretch far in this haven.

You’ll be the toast of the town in this $500,000 classic brick colonial complete with in-ground pool, seven bedrooms, and seven bathrooms. Nestled on six acres of land, you’ll have plenty of room to roam with your brood.

Homer, Alaska

Alaska might not be near the top of the list when it comes to investing in real estate, but perhaps it should be. Homer residents enjoy a lower cost of living, superior schools, and outdoor recreation that is second to none.

Enjoy breathtaking glacier–yes, glacier–views in this pristine half million dollar home complete with its own greenhouse. Perfect for those little weekend getaways, this home offers the best of indoor and outdoor beauty.

Des Moines, Iowa

Living in the quiet community of Des Moines, Iowa is relatively inexpensive, so your dollars for both socializing and real estate acquisition will go farther for you and your family than in other parts of the country.

A modest half million will yield you an expansive 4,000 square foot property complete with hot tub in Des Moines’s illustrious Ingersoll Park, surrounded by premier schools, specialty shops, and restaurants.

Wilmington, Delaware

Half a million dollars will have you living the high life in Wilmington, Delaware. The city itself is one of Delaware’s lower-income communities; set yourself up for success by securing a good job before moving here.

That being said, there are plenty of beautiful homes here that are worth investing in. A 1988 colonial brick home could afford you three bedrooms, three bathrooms, and plenty of spacious dining and living space.

Tampa, Florida

Living in Tampa puts you within arm’s reach of some of the premiere entertainment in the U.S. Tampa is home to Busch Gardens, Florida Aquarium, Glazer Children’s Museum, and the Museum of Science and Natural History.

All of that sightseeing is bound to tucker you out; why not rest in your beautiful new $520,000 oasis with four bedrooms, three baths, and spacious common areas perfect for a little rest and relaxation.

Birmingham, Alabama

For around $480,000, you can pick up a comfy 3,800 square foot brick multi-level built as recently as 1999; with four bedrooms and three baths, you’ll have room for entertaining and a growing family as well.

The Birmingham area is known for sultry summers and mild winters that have snowbirds flocking south to avoid cold snaps. Families and seniors alike seek this area as a place to put down roots, enjoying climate and culture.

Anchorage, Alaska

Few people have the fortitude to weather the climate near Anchorage, Alaska. Bitter temperatures in winter and extremes of daylight and darkness can be adjusted as you behold the real estate opportunities that exist.

Hike up the snow boots and put some insulated gear on, and your enjoyment of a 2,388 square foot log cabin oasis will last year-round. Picturesque views and clean living make the remote location well worth it.

Honolulu, Hawaii

Honolulu is an expensive U.S. city in which to put down roots; the median price for a home in this metropolis is around $700,000. If you don’t mind compact spaces, you can shave off some bucks and still enjoy the beach.

A smaller price tag might yield you less space, but it’s certain to afford you some breathtaking views. Floor to ceiling windows offer picturesque beauty of both the city landscape and the glittering sand beyond.

Atlanta, Georgia

This Georgia capital city has a booming economy, beautiful layout, and sizzling nightlife for those who wish to dial in, and it’s the perfect place to invest some of your hard-earned money in residential real estate.

For a cool half million, you can land a beautiful 2,400 square foot townhouse complete with three bedrooms, hardwood floors and granite countertops. It’s the ultimate in luxurious living in the heart of downtown Atlanta.

Boise, Idaho

Boise might not offer the natural beauty of Honolulu, but there are some perks to buying real estate here. Boise schools are top notch, and many families seek quiet neighborhoods in which to raise children.

A quiet little brick bungalow in the illustrious Depot Bench neighborhood lists for around $499,900, and with that price tag comes the safety and security of a solid home with spacious layout in a thriving community.

Wichita, Kansas

If you’re up for a little adventure, consider a lovely residence in the Wichita Kansas area. While it’s prone to bouts of severe weather during late summer, it’s home to wonderful schools and thriving nightlife.

Wichita is prepared to handle you and your expansive family; with a seven-bedroom, four bath multi-level home in the Reed Cove neighborhood, you’ll all find plenty of room to relax alone or come together for fellowship.

Louisville, Kentucky

Louisville has a number of interesting opportunities for acquiring non-traditional real estate; for just under $490,000, you can land a turn-of-the-century brick colonial complete with twelve bedrooms and six baths.

This unconventional find has all the character of old historic Louisville, and it’s conveniently located just minutes from downtown and the waterfront. This property blends convenient living with old world charm.

New Orleans, Louisiana

New Orleans has one of the most interesting and historic roles in our country’s development. Steamy summers, mild winters, and plenty of access to artistic and cultural opportunities make it an attractive location for many.

For just under $500,000, a 2,100 square foot camelback-style home in the Algiers Point neighborhood could be yours. Easy access to the Mississippi, as well as nearby shopping and dining, add to its charisma and appeal.

Portland, Maine

If you’re not in need of family rooms and large kitchens, consider a one-bedroom condo in the sought-after East End neighborhood. Classic finishes, hardwood floors, and breathtaking views call to singles and couples alike.

This $480,000 property may seem expensive for some, but convenient access to Casco Bay and the Historic Port district bring all sorts of opportunities for enjoying what this beautiful city has to offer.

Las Vegas, Nevada

While tourists might not relish the thought of having a home right next to the Las Vegas strip, those who work in the city’s entertaining and gambling industries find a residence just minutes from work very desirable.

This modern condo for $499,000 offers three bedrooms, two bathrooms, and plenty of living space for hosting after-parties. Within the complex are several amenities, including concierge service, a pool, and a fitness center.

Shawnee, Kansas

Shawnee is a lovely community about 15 minutes south of Kansas City. Rated one of Kansas’s best cities in which to raise a family, it has an excellent school system, lush parks and trails, and social activities year-round.

For a small town feel with big city conveniences nearby, you might wish to pick up this lovely property. At just over $500,000, you’ll own five-bedroom, five-bathroom decadence with pristine views of natural beauty.

Manchester, New Hampshire

Home to a thriving community of rich arts and culture, Manchester is a city dedicated to providing an excellent quality of life for its residents. Forbes ranked it as one of the top five educated cities in the U.S.

A multi-family home in the Manchester area goes for just under $500,000. Nearly 4,800 square feet could easily be converted into four separate units, giving you an opportunity for side income or expanding through renovation.

Newark, New Jersey

Historic museums, scenic parks, and rich cultural opportunities abound in the Newark, New Jersey area. Despite higher cost of living statistics, many people find this a desirable place to live and work.

Half a million gives investors the opportunity to net close to $5000 per month; a 2,700 square foot urban unit boasts nearly nine bedrooms, five bathrooms, and access to all of the amenities that the city has to offer.

Detroit, Michigan

Detroit housing prices have been very low since the collapse of the manufacturing industry decades ago, yet courageous investors can find enormous opportunity in the beautiful residences that still exist here.

A storybook country Tudor sporting six bedrooms and five bathrooms exceeds your half million dollar expectations; it’s conveniently located to the prestigious Detroit Waldorf school and the historic West Village neighborhood.

Fargo, North Dakota

Fargo is another one of those areas where hearty and hale folk come to hang their hats. Winter in Fargo is not for the faint of heart, yet if you handle extreme temperatures well, your real estate dollar will stretch far.

$500,000 purchases an impressive home here in Fargo. 3,800 square feet of open living space, four bedrooms, three baths, and a three-car garage are yours to enjoy as you battle subzero temperatures and brief periods of warmth.

Excelsior, Minnesota

If you love the unique vibe of lake life, Excelsior might be the place for you. Tucked within the recesses of the Lake Minnetonka area, it is a city ripe with opportunities for exquisite shopping, dining, and recreation.

Lake Minnetonka properties are prime real estate, and if you can land one for less than a cool million, you’ve scored big. This stunning property on a beautiful wooded lot gives you lake life at its finest for only $500K.

Olive Branch, Mississippi

Olive Branch is an up-and-coming community located just twenty minutes from Memphis, Tennessee. With shopping and job opportunities nearby, it’s the perfect place to settle down and soak up suburban life.

You’ll get some serious bang for your buck in this area; $500,000 yields you 4,500 square foot of open living spaces, five bedrooms, and 4 baths. Nine acres of wooded bliss and pristine landscaping are a treat to behold.

Hamilton, Montana

This picturesque city is the backdrop of several notable historical events, including a visit by Lewis and Clark as well as a small cafe operation run by Calamity Jane. Hamilton Montana is a wonderful place to live.

With majestic beauty just minutes away, settling into this 2,500 square foot cottage will allow you to enjoy both city and surrounding landscape. Charming old-world decor and antique fixtures bring you back to simpler times.

Belmont, New Hampshire

Belmont is one of the few New England towns that continues to harness the power of water to generate electricity. As a result, its residents enjoy utilities at a fraction of the cost of other New England towns.

All of these energy savings can allow you to invest more than you normally would in your real estate; an expansive New England rambler will give you five bedrooms, five baths, and acreage to boot, all for under $600,000.

Nashville, Tennessee

The eclectic “East Nasty” neighborhood in Nashville, Tennessee is known for a superior food and music scene. Nashville’s natural charm also includes a booming entertainment industry and higher education opportunities.

Should you land a property in “East Nasty”, prepare for old world charm with modern fixtures. At $480,000, this cottage-style home built in the 1930s was reinvented, paying homage to its historic character and natural beauty.

Houston, Texas

Space City residents are famous for quoting, “I’m not from here, but I got here as fast as I could.” With a rapidly growing population and a booming economy, Houston Texas has plenty to offer all who settle here.

$500,000 will allow you to buy big in Texas; a Spanish-style stucco in the Galway neighborhood sports nearly 3,500 square feet with four bedrooms, three and a half baths, and a generous balcony perfect for entertaining.

Dallas, Texas

Dallas Texas is one of the largest metropolitan areas in the United States; with that prestigious statistic comes serious career opportunities and lucrative real estate opportunities, both residential and commercial.

A cool $500,000 will give you the best of residential and commercial; this brick multiplex offers opportunity for renovation or rental income, and is located just minutes from all the downtown action.

Burlington, Vermont

Ice cream lovers, you now have the option to put down roots in the birthplace of Ben and Jerry’s. Burlington Vermont is not only known for this rich and delicious confection, but it’s an attractive place to live.

At $475,000, this spacious colonial in the South End has all the charm and appeal of a summer getaway; the 1,700 square foot property contains four bedrooms, two baths, and is close to all the ice creamy action downtown.

Virginia Beach, Virginia

Virginia Beach is a lovely coastal destination that attracts locals and tourists alike to its beautiful waterfront beaches each year. Excellent schools, economic opportunity, and recreational activities all abound here.

$500,000 will buy you a cul de sac property a mere ten minutes from beach action. The 2,700 square foot new construction will afford you four bedrooms, hardwood floors, and a brisk walk to breathtaking ocean views.

Charleston, West Virginia

Charleston is the perfect little “city” in which to purchase real estate. The capital city of West Virginia, it boasts rich history, beautiful architecture, and waterfront views of both the Elk and Kanawha rivers.

The heaven that is West Virginia can give you some bang for your real estate buck; $529,000 will land you almost 6,000 square feet of space complete with five bedrooms, five bathrooms, and beautiful scenic views.

Milwaukee, Wisconsin

With a cost of living that’s well below average, Milwaukee offers all the conveniences of big city living in a place where knowing your next door neighbors is expected. Food, culture, sports, and other amenities abound here.

The Historic Third Ward neighborhood offers breathtaking views of the Milwaukee river, sparkling skyline, and other downtown conveniences for around $549,000. 13-foot ceilings and sheik concrete complete this opulent look.

Cheyenne, Wyoming

Once the gateway from the Great Plains to the West, Cheyenne is still a bustling hub that serves as a ground transportation and agricultural center for the area. Tourists and residents alike enjoy its strong community feel.

For nearly half a million, this new construction ranch-style home offers ,2900 square feet, hardwood floors, and a gas fireplace. Just minutes from downtown action, it offers the perfect blend of city and country living.

Montgomery, Alabama

With a lower cost of living, affordable taxes, and superior housing, Montgomery, Alabama is more than your average capital city. Especially compared to some of the other main cities on this list, you’ll be hard-pressed to find as good value in a comparable city.

While so many have decided to relocate over the past couple of years, they may have not considered this great value in the South.  A booming economy and recreational opportunities should make it an attractive option for relocation.

San Antonio, Texas

Families, sports aficionados, and nature lovers alike will all enjoy living in San Antonio, Texas. Premium real estate, amusement parks and sports arenas ensure that you’ll be able to play as hard as you work here.

Half a million can get you some sizable real estate in San Antonio; a four bedroom, three and a half bath rustic estate overlooks breathtaking views of Hill Country, and you’ll acquire a guest house as an added bonus.

Riverside, California

The quaint community of Riverside has it all. Mild weather, close proximity to large cities, and beautiful scenery make daily life feel exceptional. Real estate dollars will stretch farther in this bedroom community too.

For $550,000, you can have a spacious 2,700 square foot Spanish-style villa, complete with four bedrooms, three bathrooms, and upgraded fixtures. Clean hardwood floors and vibrant colors complete this home’s cozy ambience.

Saint Louis, Missouri

Saint Louis is known as the “Gateway to the West.” Nestled along the Mississippi River, it offers education and career opportunities, family-friendly living, and rich history that all contribute to its vibrant atmosphere.

$499,900 will purchase a tidy three-bedroom, two-bath home in the heart of the city; located minutes from downtown happenings and the famous Riverfront Trail, dining, shopping, and entertainment are at your fingertips.

Eureka Springs, Arkansas

With beautiful scenery and unique architecture lending to its charm, there’s a little something for all in Eureka Springs. Tourism, manufacturing, and small business fuel this small community, making it attractive to visitors.

Should you choose to purchase property in this community, $500,000 will do you well. This charming property is the perfect blend of old and new, with unique elements woven through 3,800 square feet of eccentricities.

Kamuela, Hawaii

How much would you pay for a home where you could roll out of bed and into your own saltwater pool each morning? Could life really be one long resort vacation? In Kamuela, such a lavish life is possible.

This tidy condo may be smaller in space, but it’s big on personality. 1,200 square feet of paradise will be yours, complete with three bedrooms, two bathrooms, and iconic views of sand, surf, and lush tropical landscapes.

Lakeville, Indiana

If you favor small town life, consider picking up some farmland while you’re investing $500,000 in Lakeville. This tiny town boasts a variety of leisure activities, cultural offerings, and top-notch real estate opportunities.

With five bedrooms, three baths, and twenty acres of farmland at your disposal, it’ll be time to make your homesteading dreams come true. Buy some horses, cultivate and refine your green thumb, and see what you can create.

Perry, Iowa

Perry is a small town that packs a lot of personality into every square block. Unique shopping, delicious dining, and the historic walkable downtown are just a few of the attributes that add to the city’s charm.

This community has ample opportunities for outdoor recreation as well. Hunting and fishing experiences are yours for the taking in this $480,000 rural cabin oasis complete with three bedrooms and plenty of bass in the lake.

Bowling Green, Kentucky

From the National Corvette Museum and historic Rail Park and Train Museum to Cheney’s Dairy Barn and Lost River Cave, Bowling Green has a number of unique attractions and attributes that draw new residents each year.

$460,000 will go far in Bowling Green. This four-bedroom estate boasts hardwood floors and a stunning open main floor. Thanks to the golf course in the backyard, you’ll need to watch your head when getting the mail.

Covington, Louisiana

Covington, Louisiana was founded in 1813; a charming Southern city nestled between three rivers, it is an eccentric mix of specialty shops, restaurants, and cultural offerings that mimic those of larger cities.

Lazy hazy days of summer can be enjoyed poolside at this half million dollar estate; 4,000 square feet of living space includes breathtaking views of the surrounding landscape, outdoor entertaining area, and clean decor.

Eastport, Maine

Eastport is a small seaside city that holds a strong nostalgic feel that can be compared to traveling back in time. A lucrative sardine canning industry is credited with establishing this beautiful coastal town.

For almost $500,000, you can enjoy breathtaking views of Canada from your front door. Lovely waterfront property contains almost 2,400 square feet, four bedrooms, vaulted ceilings, and beautiful landscaping.

Columbia, Maryland

This little city of 100,000 is considered by many to be one of the most successful communities in the nation. Columbia is a veritable magnet for new business, solid residents, and those seeking educational opportunities.

With such a strong community feel, you’re bound to prioritize getting to know your neighbors. Think of the amazing barbecue opportunities you’ll have in this five-bedroom A-frame cabin with plenty of room for entertaining.

Stow, Massachusetts

Boston might get all the attention when it comes to living in Massachusetts, but let’s not forget the little gem called Stow, conveniently close to Boston, the small town offers serenity with proximity to more action. New England charm reigns supreme here in Stow; a 2,100 square foot saltbox home has all the old-world flavor of early colonial homes, complete with modern conveniences throughout, for under $550,000.

The United States has some pretty spectacular values for homes that can get you plenty of space for an extremely affordable price. Not everywhere in America provides you great bang for you buck. Here are some cities where $500,000 won’t go nearly as far.

Oakland, California

Voted #26 in “Best Cities For Young Professionals,” Oakland is a hub of social and economic opportunity. Families and singles alike will enjoy the small town feel of this bustling community and all its amenities.

All of that trendiness is encapsulated in a quaint $518,000 two-bedroom condo with all the trimmings. Granite countertops, English hardwood floors, and easy access to dining and shopping make a very attractive package.

Seattle, Washington

From the Space Needle to the famous open-air market near the waterfront, Seattle has plenty of flavor to accommodate and entertain all who visit. A booming economy gives way to several real estate opportunities as well.

For those that crave some urban sheik investing, consider a trendy condo in the Bryant neighborhood. $475,000 will place you close to the downtown action, with pristine views in two-bedroom, one bath comfort.

Miami, Florida

Miami is a treasure trove of varied cultures and ethnic contributions. About 70 percent of its citizens are of Latin descent, and the unique blend of cultures adds to the look and feel of the community.

A charming two-bedroom condo in a waterfront high rise will set you back around $520,000, but it’s well worth it in light of the fact that you’ll be centrally located for shopping, dining, and unique entertainment opportunities.

Gaylord, Michigan

Gaylord is a city of great historical significance. It contains landmarks including The Call of The Wild Museum, Elk Park, Aspen Park, and many others. Premium recreational activities and hopping nightlife add to its appeal.

Those Michigan winters can be rough; let the natural beauty of this property take the edge off. Cozy up to the fireplace and watch the snow fall in this four-bedroom, three bath cabin with natural wood and granite accents.

Washington, Missouri

Washington has a unique place in our U.S. history dating back to the 1700s. Named after George Washington shortly after it came under American control, the city has enjoyed growth and expansion since its inception.

Missouri’s temperate climate attracts residents who enjoy moderation. Investing $500,000 in real estate in this area means you’ll be picking up a beautiful five-bedroom home with almost 5000 square feet of living space.

Bridgeport, Connecticut

Bridgeport is home to beautiful residential areas, parks, and a stellar school system that draws families in for miles around. With easy access to cultural hotspots and shopping, it’s a desired place to put down roots.

For just over $500,000, you can pick up a multi-family housing unit. A 3,500 square foot property contains nearly eight bedrooms and four baths, giving you an opportunity for some side income as you rent out space.

Chicago, Illinois

Chicago is one of the most historic and culturally rich cities in the United States. From classic brownstones to expansive residences, there’s a little real estate for everyone. A half million can buy you a respectable oasis.

A 3,200 square foot single-family residence in the Morgan Park neighborhood offers potential owners five-bedroom, three-bathroom spaciousness and plenty of room for family, friends, and making treasured memories.

Portland, Oregon

Portland is the place to be for all that’s hip and cool in North America right now; food trucks, baristas, urban gardening, and biking indicate that residents are discriminating diners and active citizens.

A 2,100 square foot corner lot in Portland’s Rock creek neighborhood will set you back $520,000, but it comes with some serious perks. Three-bedroom, two bath comfort is close to parks, restaurants, and premier shopping.

Anaheim, California

Anaheim is one of the most entertaining cities in California. With a fascinating mix of artistic, cultural, and economic opportunities, it attracts thousands of tourists each year, and many choose to stay long term.

You might not be able to pick up an expansive estate in Anaheim for half a million, you’ll secure a charming two-bedroom condo complete with beautiful landscaping, upgraded amenities, and easy access to beaches and parks.

Philadelphia, Pennsylvania

Philadelphia, known as the City of Brotherly Love, is ripe with historic significance, not to mention booming industry and quaint residential neighborhoods that make it a very attractive option for real estate investors.

The Upper Roxborough Historic District offers half million dollar townhomes complete with four bedrooms, floor to ceiling windows, and kitchen upgrades that inspire family meals as well as socializing and entertaining.

Providence, Rhode Island

Providence combines the best of small-town charm and clean living with urban development, arts, and culture. Locally owned stores and beautiful architecture draw in thousands of visitors and potential residents each year.

With the average price of a Providence home coming in at $300,000, you can upgrade a few aspects of your home for $500,000. A luxury high-rise condominium complex offers breathtaking views of the skyline and clean decor.

New York City, New York

If you’re up for some big budget living and stellar social scenery, New York is the place to be. Although your $500,00 won’t stretch as far in the Big Apple, what you sacrifice in space you’ll make up for in style.

You’ll attain a 1,600 square foot duplex in the Bronx with four bedrooms, two baths, a backyard, and even a sunroof on the top floor. Recent upgrades in the neighborhood have brought in new business and industry.

Los Angeles, California

Unlike other areas of the country, $500,000 will not get you a spacious rambler in the City of Angels. With the average home listing at $950,000, you’ll have to settle for a property requiring a little TLC and elbow grease.

Still, if you’re okay with a quaint bungalow that’s nestled between the 710, 5, and 60 freeways, then buckle up. With a little spackle and polish, you’ll be able to transform a 1,100 square foot cottage into a forever home.

Charlotte, North Carolina

Charlotte has a unique charm and beauty that few other cities can rival. Nestled against a backdrop of mountains and coast, it offers a blend of natural beauty with the beauty and functionality that urban living provides.

For just over $540,000, a quaint World War II brick bungalow is yours for the taking. This Chantilly neighborhood special sports hardwood floors, charming built-ins, and plenty of natural light throughout the home.

Salt Lake City, Utah

Salt Lake City is a natural playground for those who crave outdoor adventure. A diverse mix of culture and economy, it provides rich opportunities for work and leisure for young and old, single and family oriented.

With your half a million in this city, the Sugarhouse neighborhood is the place to go. This adorable turn of the century brick has four bedrooms and a spacious backyard from which to enjoy beautiful mountain views.

Boston, Massachusetts

Boston is home to nearly 100 colleges and universities, and is a thriving economic and cultural hub in the Northeast. With unemployment rates low and incomes fairly high, it’s a desirable location for many to buy real estate.

A one-bedroom Ritz condo on Avery street might seem like an expensive acquisition at nearly $500,000, but with median home prices in the area being around one million, this hardwood beauty with marble bath is a steal.

San Diego, California

A booming economy, nationally accredited education, and recreational opportunities galore draw more San Diego residents to stay each year. A mild year-round climate and nearby beach access make it an attractive place to land.

Living in San Diego does come with a bit of a drawback, though; your $500,000 won’t give you an expansive estate with room for large gatherings. Posh downtown living will come nicely packaged in an 800 square foot condo.

Minneapolis, Minnesota

If you can put up with some harsh winters, Minneapolis is the place to be for the best of urban and suburban living. Wheat flour mills have now given way to luxurious condos with picturesque views of the city.

A two-bedroom, two-bathroom unit facing Gold Medal park will set you back almost $500,000, but it’s well worth it in light of the rich cultural and social opportunities that are just a stone’s throw from your front door.

Washington, D.C.

Washington, D.C. is a desirable location for those yearning to be a part of the action in a thriving city. Job opportunities, recreation, and entertainment choices abound, and you’ll have a front row seat to local and national events.

All of this action has a bit of a higher price tag attached to real estate; you might be close to all the happenings on Pennsylvania Avenue, but you’ll be looking out the window of your one-bedroom condo for $530,000.

Denver, Colorado

Breathtaking views and access to some hot night life are what draw residents to Denver by the dozens. The illustrious Capitol Hill neighborhood is the perfect place to be to take part in all of the action that this city offers.

In this city ranked “one of the best places to live in the U.S.”, you can pick up a chic 1,800 square foot townhouse complete with two master suites, granite countertops, and private porch for the bargain price of $545,000.

Baltimore, Maryland

For those wishing to put half a million into an investment property, a multi-family unit in the Locust Point neighborhood of Baltimore might be the perfect move, provided you’re willing to strip it down to the studs.

With a little TLC and some marketing efforts, and you have the makings of a consistent money-making opportunity; this area is hopping with premier shopping and dining, as well as convenient access to schools and hospitals.