real estate

5 homes for sale near nation's median price

5 homes for sale near nation's 'typical' price
5 homes for sale near nation's 'typical' price

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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Judy Martel

Bid for a home with $1,000

Detroit is auctioning off vacant homes for a song, but winning bidders should be prepared for sweat equity.  ... Read more

advertisement
Partner Center
advertisement

Connect with us