Homes: What you can buy for $600,000
Spending over a half-million dollars will usually get homebuyers a comfortable place to hang their hats. But depending on the city, you may get room for only a single hat rack.
In Boston, for example, $600,000 will buy 720 square feet and in-unit laundry. In Tulsa, Oklahoma, it will buy 5,194 square feet and a spacious three-car garage.
As usual in real estate, buyers also have to weigh their ideal location against the price they're willing and able to pay. In some places, like Midtown Manhattan with its $1.6 million median listing price, $600,000 is a steal. In other areas, like the Spanish Trail neighborhood of Las Vegas with a $197,000 median home value, spending $600,000 may not make much sense at all.
However, amenities seem more consistent: Homes at this price point often have stainless steel appliances, a jetted bathtub and at least one fireplace. Here are 10 homes for $600,000 in cities across the U.S.
San Antonio, Texas
This four-bedroom, 3.5-bathroom, two-story home in Far North Central San Antonio is on the market for $600,000. It was last listed in September 2012 for $574,800, and after an uncharacteristic price increase of about 2 percent, it was delisted the next month. Now that the price has gone up a little more, it's even more expensive than the $365,000 median price of homes currently listed in the area, according to Zillow.
San Antonio, Texas
The 4,505-square-foot property has a laundry room, breakfast nook, indoor and outdoor fireplaces, exposed wooden paneling, stainless steel appliances, a kitchen island, jetted bathtub, home theater, a patio with an outdoor kitchen and two-car garage.
Las Vegas, Nevada
In the Spanish Trail neighborhood of Las Vegas, this three-bedroom, 3.5-bathroom, 3,277-square-foot home is currently on the market for $600,000. Its price has increased at a relatively steady pace over time, selling for $345,000 in October 2012, $439,000 in February 2014 and $562,500 in September 2014. On the one hand, that could be a good indicator of where the local market may be heading. On the other, frequent turnover could tell another story. The home is a lot pricier than the $197,000 median home value in the area.
Las Vegas, Nevada
The property features two skylights, a home bar, plantation shutters, a deck, fireplace, two-car garage, grand staircase, jetted bathtub, walk-in closet, tiled flooring, a pool and hot tub and tennis court access.
Atlanta, Georgia
This four-bedroom, two-bathroom Craftsman-style home in the Buckhead neighborhood of Atlanta is on the market for $600,000. These homeowners stayed put for a while: The property last sold for $146,800 in December 1985, meaning the price has increased by almost 309 percent in the last 30 years. Now it's slightly more expensive than the median home value in the area, which is at $478,500.
Atlanta, Georgia
The house -- which was built in 1900 -- features 2,379 square feet of space, front porch, exposed wooden beams, hardwood flooring, several fireplaces, a wraparound deck and an unfinished basement.
Tulsa, Oklahoma
This five-bedroom, five-bathroom, 5,194-square-foot property in the Wind River neighborhood of Tulsa, Oklahoma, is currently on the market for $575,000. The price has gone up by about 32 percent since it last sold in September 2014 -- not a bad return for these sellers if they get what they're asking. However, when it was last on the market in November 2014, the listing was almost immediately removed. The home costs quite a bit more than the $286,500 median home value in the area.
Tulsa, Oklahoma
It has hardwood flooring, indoor and outdoor fireplaces, a three-car garage, stainless steel appliances, a kitchen island, a rec room with a home bar, a jetted bathtub and a patio.
Tampa, Florida
In the West Meadows neighborhood of Tampa, Florida, this four-bedroom, three-bathroom, Mediterranean-style home has been listed for $600,000 since last month. It's been on the market since November 2014, when it was first listed for $635,000. The problem could be the fact that it's valued so much higher than the median value of homes in the area, which is $230,200 according to Zillow.
Tampa, Florida
The 3,179-square-foot lakefront property is in a gated community and features an indoor pool and spa, three-car garage, a laundry room, granite countertops, a breakfast bar, an outdoor kitchen, a fireplace, jetted bathtub and security system.
Denver, Colorado
This three-bedroom, 2.5-bathroom, two-story loft condo in the Platt Park neighborhood of Denver went on the market for $600,000 this month. It last sold for $305,000 in December 2004, meaning the sellers are likely to get a great return on their investment. The hip, industrial property is pricier than the $461,400 median home value in the area.
Denver, Colorado
It features 1,774 square feet of space, exposed brick and beams, in-unit laundry, hardwood flooring, stainless steel appliances, a fireplace and a one-car garage.
Chicago, Illinois
This three-bedroom, two-bathroom 2,200-square-foot condo in the Lakeview neighborhood of Chicago is listed at $600,000, only a slight price increase from when it last sold for $557,000 in July 2013. It's almost twice as expensive as the $300,800 median home value in the area.
Chicago, Illinois
The unit has stainless steel appliances, cherry cabinetry, granite countertops, a jetted bathtub, fireplace, skylight, security system, in-unit laundry and access to a parking space and rooftop deck.
Boston, Massachusetts
In the Harrison Lennox neighborhood of Boston, this one-bedroom, one-bathroom brownstone condo is on the market for $575,000. It last sold for $425,000 in May 2011, was listed for $600,000 earlier this month and recently had a 4 percent price deduction. The price is relatively in line with the median home value in the area, which is currently at $673,100.
Boston, Massachusetts
The 720-square-foot unit features a fireplace, hardwood flooring, granite countertops, cherry cabinetry, a breakfast bar, jetted bathtub, in-unit laundry and a deck.
Portland, Oregon
This three-bedroom, two bathroom Dutch Colonial home in the Irvington neighborhood of Portland is listed for $600,000. It last sold for $446,700 in October 2006, was foreclosed (like so many other properties) in 2008 and has been on and off the market since October 2013 with gradual price increases from $575,000. It's only slightly more expensive than the $547,000 median home value in the area.
Portland, Oregon
The property features hardwood flooring, a fireplace, French doors, a sun porch, patio, pantry, basement, one-car garage, granite countertops and extensive landscaping.
New York, New York
This two-bedroom, one-bathroom co-op in the Turtle Bay area of Midtown East New York is currently on the market. It last sold for $479,000 in March 2013 and was first listed for $618,000 in February. After approximately a 3 percent price reduction, it was re-listed for $600,000 this month. That's much lower than the $1.6 million median price of homes listed in the area.
New York, New York
The unit, which is on the second floor of a prewar building, has 600 square feet of space, exposed brick, stainless steel kitchen appliances, radiator heat and hardwood flooring.