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What $400,000 Will Buy in This Real Estate Market

Hot deals in the housing market are here. You bet, experts are saying, it's a buyer's market. Reduced prices will make your money go further, and according to real estate expert Barbara Corcoran, "You definitely get an extra bedroom and bath in almost every market." Bankrate researched what $400,000 will buy today by looking at homes currently for sale in 24 cities across the country. Here's a sampling of what kind of home you could purchase with that chunk of change.





Location Suburb/Metro Square Footage Beds / Baths Acres
Bronx, NY Borough 1,000 2 bd / 1ba n/a (condo)
Chula Vista, CA Suburb of San Diego 1,730 3 bd / 2.5 ba .11
Houston, TX Suburb of downtown 2,482 3 bd / 2.5 ba .06
Denver, CO Suburb of Denver proper 3,441 4 bd / 3.5 ba .125
McDonough, GA Suburb of Atlanta 5,200 4 bd / 3.5 ba 13

See what $400,000 will buy in five more places when you

.

Location Suburb / Metro Square Footage Beds / Baths Acres
Conshohocken, PA Suburb of Philadelphia 2,000 3 bd / 2.5 ba .07
Branson, MO Suburb 2,842 4 bd / 2 ba .25
Aberdeen, SD Suburb 3,372 4 bd / 3 ba 1.3
Cabot, AR Suburb of Little Rock 5,180 5 bd / 4 ba 5
Seattle, WA Metro 2,200 4 bd / 2.5 ba .08

Source

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Renees3 Renees3 7 years
i just bought a 3/2 in the palm springs, CA area for a little over $200K. I don't plan on being here forever but it was a great starter home, considering a few years ago I didn't know if I'd EVER own a home in CA! Guess you just have to decide what's more important, size/price or area!
Chouette4u Chouette4u 7 years
Shoot me in the face I hate the Bay Area
Spectra Spectra 7 years
Wow, $400K would just about buy a mansion in northeast Wisconsin. Even for $200K you can get a really nice 3-4 BR, 2 bath home with a fairly decent sized lot. I don't get the point of a huge house though. Once you get beyond what you need, the rest just seems sort of excessive.
margokhal margokhal 7 years
I don't put much stock in this. Almost every area, especially large metro areas, have different surburbs and neighborhoods where the price of house will change DRASTICALLY simply because of the area where you live. I don't know about other places, but I live in Houston, and while living near downtown is generally more expensive, there are some neighborhoods that are a LOT cheaper within that radius. Spreading out across Houston proper, prices drop. I'm in between Houston and Sugar Land, and there's larger 4 bd/3 bath houses around here selling for like $300,000.
margokhal margokhal 7 years
I don't put much stock in this. Almost every area, especially large metro areas, have different surburbs and neighborhoods where the price of house will change DRASTICALLY simply because of the area where you live. I don't know about other places, but I live in Houston, and while living near downtown is generally more expensive, there are some neighborhoods that are a LOT cheaper within that radius. Spreading out across Houston proper, prices drop. I'm in between Houston and Sugar Land, and there's larger 4 bd/3 bath houses around here selling for like $300,000.
expresso14 expresso14 7 years
400K does not go far in the SF Bay area!
GlowingMoon GlowingMoon 7 years
The inequity. I need to re-locate.
bingbingboom bingbingboom 7 years
$40k can maybe buy us a garage in SF.
ilanac13 ilanac13 7 years
that' s probably a good point, but my husband and i were thinking about buying a house and we figured that we could look in the $400k range and know that we could negotiate a bit since people really need to get the houses off their hands. i think that it's nice to have the extra space if you have a use for it, but to have an extra room just to have it is kind of a waste.
Modus-Vivendi Modus-Vivendi 7 years
Rather than taking that extra bedroom and bathroom, it seems like it would make much more sense to buy a house just as big as you need and save the extra money.
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