In Lincoln, Neb., a quarter of a million dollars can buy a two-bedroom cottage with a cozy 1,365 square feet. In Akron, a 3,400 square foot, five-bedroom home with high ceilings and a basketball court is selling for the same price.
Huffington Post found what a housing dollar can buy in markets across the country, noting the types of homes that can be bought for $250,000, $500,000, and $1.5 million, roughly matching the values of starter homes, trade-up homes, and luxury homes.
As with all things real estate, it’s about location. Good schools, well-paying jobs, low crime, good weather and access to services all influence where we choose to live.
Advertisement
Related Stories
Market Data + Trends
10 States Where Home Insurance Rates Have Risen the Most
Responding to the increasing number of natural disasters, insurers are hiking prices, with some states bearing the brunt more than others
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth