10 homes you can buy for $175,000
How much home can you buy for $175,000?
For about 11 percent less than the national median home value, which is currently $195,700 according to Zillow, you can buy a four-bedroom single-family house in areas like Indianapolis or Wichita. However, you may struggle to find anything within that budget in larger, more expensive metro areas.
In Los Angeles, for example, very few homes are available at this price point. In Manhattan, your options may be limited to units with income restrictions.
In smaller cities and many areas in the Midwest, however, $175,000 can buy larger, single-family homes with back decks and two-car garages.
Click ahead to see 10 homes around the U.S. you can buy for $175,000.
New York, New York
This one-bedroom, one-bathroom co-op in Manhattan's Hamilton Heights neighborhood is for sale for $175,000. It's about 79 percent less expensive than the area's median home value of $833,600.
New York, New York
It's located on the third floor of a building built in 1926 and has hardwood floors, stainless steel appliances and washer and dryer hookups.
San Diego, California
This one-bedroom, one-bathroom property in San Diego's Kensington neighborhood is for sale for $175,000. It last sold in October 2007 for $115,500, about two-thirds of the current price. It's about 55 percent less expensive than the area's median home value of $388,800.
San Diego, California
The 569-square-foot home was built in 1990 and has wood floors, stone countertops and stainless steel appliances.
Atlanta, Georgia
This three-bedroom, two-bathroom bungalow in Atlanta's Sylvan Hills neighborhood is for sale for about $170,000. It last sold in April 2015 for $12,500, less than one-tenth of the current price. Comparing the previous listing photos with the current ones, it's apparent that the home has been extensively renovated during that time.
It's more than 2.7 times more expensive than the area's low median home value of $62,700. Low home values in the area could be the result of high crime rates, which are 54 percent higher than the metro area as a whole, according to AreaVibes.
Atlanta, Georgia
The 1,282-square-foot home was built in 1935 and has hardwood and laminate flooring, stainless steel appliances, granite countertops and a fireplace.
Chicago, Illinois
This two-bedroom, two-bathroom condo in Chicago's Edgewater Beach neighborhood is for sale for $175,000. It last sold in August 1999 for $34,000, about one-fifth of the current price. It's pretty closely aligned with the area's median home value of $176,100.
Chicago, Illinois
The 1,000-square-foot unit was built in 1962 and has wood floors, stainless steel appliances, granite countertops, a tile backsplash and a view of Lake Michigan. Building amenities include a sundeck, gym, 24-hour door staff, laundry facilities and valet parking.
San Antonio, Texas
This three-bedroom, 2.5-bathroom house in San Antonio is for sale for $175,000. It's about 34 percent more expensive than the area's median home value of $130,700.
San Antonio, Texas
The 1,882-square-foot house was built in 1996 and has tile floors, granite countertops, stainless steel appliances, fireplace, a screened porch, fenced yard, a patio and an attached two-car garage.
Indianapolis, Indiana
This four-bedroom, 2.5-bathroom house in Indianapolis' Augusta-New Augusta area is for sale for about $175,000. It's about 43 percent more expensive than the area's median home value of $122,100.
Indianapolis, Indiana
The 2,121-square-foot home was built in 1994 and has carpet and wood floors, a master suite with a walk-in closet, a garden tub, vaulted ceilings, built-in shelving, a fireplace, a wooden deck, an attached two-car garage and a view of a pond in the backyard.
Memphis, Tennessee
This four-bedroom, 2.5-bathroom home in Memphis' River Oaks-Kirby-Balmoral area is for sale for $175,000. It last sold in August 2016 for $85,900, slightly less than half of the current price. It's about 5 percent more expensive than the area's median home value of $166,300.
Memphis, Tennessee
This 2,399-square-foot home was built in 1974 and was recently renovated, according to the listing. It has a new roof, hardwood floors, a fireplace, granite countertops, new appliances, a wooden deck and an attached two-car garage.
Wichita, Kansas
This four-bedroom, four-bathroom house in Wichita's Chrisholm Creek neighborhood is for sale for $175,000. It last sold in April 2003 for $139,000, about 79 percent the current price. It's about 22 percent more expensive than the area's median home value of $143,000.
Wichita, Kansas
The 2,557-square-foot home was built in 1984 and has hardwood floors, a wood stove, walk-in closets, a finished basement with a fireplace, a screened porch, a wooden deck and an attached garage.
Baltimore, Maryland
This two-bedroom, two-bathroom condo in Baltimore's Cross Keys neighborhood is for sale for $175,000. It last sold in October 2009 for $130,100, about 75 percent of the current price. It's about 57 percent less expensive than the area's median home value of $404,100.
Baltimore, Maryland
The 1,157-square-foot unit was built in 1970 and has wood floors, stainless steel appliances, stone countertops, a subway tile backsplash and a balcony. Community amenities include tennis courts, three swimming pools and walking paths.
Jacksonville, Florida
This three-bedroom, one-bathroom house in Jacksonville's Lakewood neighborhood is for sale for $173,000. It last sold in February 2017 for $100,000, about 58 percent of the current price. It's 21 percent more expensive than the area's median home value of $142,500.
Jacksonville, Florida
The 1,248-square-foot home was built in 1941 and has hardwood floors, granite countertops, stainless steel appliances, a tiled backsplash, a back patio and a fenced yard.