In Some Cities, $177,700 Can Still Buy Some House
3BR Home in Dayton, Ohio. List Price: $175,000
About two weeks ago, we published a post that described how crazy the real estate market in Las Vegas has become. Much of the madness is due to the fact that the median price for a home on the market in the Vegas area has dropped to about $135,000.
While the national median of $177,700 is not quite that low, it is still at bargain-basement levels by DC standards — or the standards of most major metropolitan areas for that matter.
U.S. News & World Report published an interesting piece recently that compared what $177,700 buys you in 10 U.S. cities. While intriguing in concept, the piece does not look at any zip code that would be considered a major metropolis by most people’s definition (Portland, Oregon is the largest city represented on the list). It would’ve been nice to see the difference between what that price gets you in DC or Chicago versus a moderate-sized city in middle America.
Despite that oversight, the article does give you the idea that $178K can still get you a fair amount of house in many places in the U.S. Even in DC you can still get a nicely appointed, new condo for that money, just not a three-bedroom split level.
This article originally published at https://dc.urbanturf.com/articles/blog/in_some_cities_177700_can_still_buy_some_house/1470.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro