Photo courtesy of Zillow
What can you buy for half a million dollars in today's real estate market? This price point is a unique one, bridging the gap between what's considered average and luxury.
If "average" is the U.S. median home value, which is currently at $177,500 according to Zillow, and a luxury property is any home priced at $1 million or more, these $500,000 houses fall about the middle. Of course, in some markets, $500,000 will buy a lot of square footage and ample amenities. In others, it'll buy a modest apartment at best.
For example, in Las Vegas you can buy a four bedroom house with its own gas fire pit and putting green. In New York City, you can buy a two bedroom apartment with a cramped kitchen and the luxury of doing your laundry indoors.
Here is what around $500,000 will buy in 10 cities across the country.