How much house does $500,000 buy you in Chico?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Chico?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Chico right now. Listings below $500,000 were included if necessary.
1656 Pine St, Oroville, CA 95965
- Price: $495,000
- 9 bedrooms, 3 bathrooms
- Square feet: 3,611
- See 1656 Pine St, Oroville, CA 95965 on Redfin.com
735 Pine St, Chico, CA 95928
- Price: $499,000
- 6 bedrooms, 2 bathrooms
- Square feet: 2,020
- See 735 Pine St, Chico, CA 95928 on Redfin.com
345 W 1St Ave, Chico, CA 95926
- Price: $498,000
- 5 bedrooms, 4 bathrooms
- Square feet: 2,146
- See 345 W 1St Ave, Chico, CA 95926 on Redfin.com
2595 Oro Quincy Hwy, Oroville, CA 95966
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 1,270
- See 2595 Oro Quincy Hwy, Oroville, CA 95966 on Redfin.com
6231 Pebble Ln, Paradise, CA 95969
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,070
- See 6231 Pebble Ln, Paradise, CA 95969 on Redfin.com
36 Crystal Pines Rd, Oroville, CA 95965
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,103
- See 36 Crystal Pines Rd, Oroville, CA 95965 on Redfin.com
2549 Burdick Rd, Durham, CA 95938
- Price: $499,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,604
- See 2549 Burdick Rd, Durham, CA 95938 on Redfin.com
1326 Mulberry St, Chico, CA 95928
- Price: $499,000
- 3 bedrooms, 4 bathrooms
- Square feet: 1,600
- See 1326 Mulberry St, Chico, CA 95928 on Redfin.com
1001 Salem St, Chico, CA 95928
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,032
- See 1001 Salem St, Chico, CA 95928 on Redfin.com
6 Moonbeam Ct, Oroville, CA 95966
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,927
- See 6 Moonbeam Ct, Oroville, CA 95966 on Redfin.com
5002 Royal Oaks Dr, Oroville, CA 95966
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,700
- See 5002 Royal Oaks Dr, Oroville, CA 95966 on Redfin.com
5416 Royal Oaks Dr, Oroville, CA 95966
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,226
- See 5416 Royal Oaks Dr, Oroville, CA 95966 on Redfin.com
1718 Robinson Mill Rd, Bangor, CA 95914
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,154
- See 1718 Robinson Mill Rd, Bangor, CA 95914 on Redfin.com
1718 Robinson Mill Rd, Bangor, CA 95914
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,154
- See 1718 Robinson Mill Rd, Bangor, CA 95914 on Redfin.com
6150 Firethorn Cir, Magalia, CA 95954
- Price: $494,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,138
- See 6150 Firethorn Cir, Magalia, CA 95954 on Redfin.com
6319 Lucky John Rd, Paradise, CA 95969
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,980
- See 6319 Lucky John Rd, Paradise, CA 95969 on Redfin.com
1325 Deodara Way, Paradise, CA 95969
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,785
- See 1325 Deodara Way, Paradise, CA 95969 on Redfin.com
17 Pleasant Oak Ln, Oroville, CA 95966
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,107
- See 17 Pleasant Oak Ln, Oroville, CA 95966 on Redfin.com
749 Hurleton Rd, Oroville, CA 95966
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,030
- See 749 Hurleton Rd, Oroville, CA 95966 on Redfin.com
2213 De Mille Rd, Paradise, CA 95969
- Price: $499,500
- 3 bedrooms, 2 bathrooms
- Square feet: 1,970
- See 2213 De Mille Rd, Paradise, CA 95969 on Redfin.com
6286 Mountain Meadow Ct, Paradise, CA 95969
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,831
- See 6286 Mountain Meadow Ct, Paradise, CA 95969 on Redfin.com
3261 Rodeo Ave, Chico, CA 95973
- Price: $490,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,778
- See 3261 Rodeo Ave, Chico, CA 95973 on Redfin.com
5 Greg Ct, Chico, CA 95928
- Price: $490,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,653
- See 5 Greg Ct, Chico, CA 95928 on Redfin.com
1702 Jetta Ct, Chico, CA 95926
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,480
- See 1702 Jetta Ct, Chico, CA 95926 on Redfin.com
425 Legacy Ln, Chico, CA 95973
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,439
- See 425 Legacy Ln, Chico, CA 95973 on Redfin.com
1775 Thea Ave, Chico, CA 95928
- Price: $498,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,306
- See 1775 Thea Ave, Chico, CA 95928 on Redfin.com
1781 Thea Ave, Chico, CA 95928
- Price: $498,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,306
- See 1781 Thea Ave, Chico, CA 95928 on Redfin.com
566 Hillcrest Dr, Paradise, CA 95969
- Price: $495,000
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,682
- See 566 Hillcrest Dr, Paradise, CA 95969 on Redfin.com
330 W 14Th St, Chico, CA 95928
- Price: $500,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,114
- See 330 W 14Th St, Chico, CA 95928 on Redfin.com
1349 Padova Pl, Chico, CA 95928
- Price: $495,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,702
- See 1349 Padova Pl, Chico, CA 95928 on Redfin.com
