How much house does $500,000 buy you in Lafayette, Indiana?

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 Lafayette, Indiana?

To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lafayette, Indiana right now. Listings below $500,000 were included if necessary.

1 Adeway Ct, West Lafayette, IN 47906
- Price: $499,900
- 6 bedrooms, 3.5 bathrooms
- Square feet: 4,125
- See 1 Adeway Ct, West Lafayette, IN 47906 on Redfin.com

2489 Matchlock Ct, West Lafayette, IN 47906
- Price: $475,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,700
- See 2489 Matchlock Ct, West Lafayette, IN 47906 on Redfin.com

2075 N 925 W, Delphi, IN 46923
- Price: $495,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,520
- See 2075 N 925 W, Delphi, IN 46923 on Redfin.com

60 Sunrise Dr, Lafayette, IN 47904
- Price: $469,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,356
- See 60 Sunrise Dr, Lafayette, IN 47904 on Redfin.com

4301 Antiquity Ct, West Lafayette, IN 47906
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,696
- See 4301 Antiquity Ct, West Lafayette, IN 47906 on Redfin.com

1625 Cottonwood Cir, Lafayette, IN 47905
- Price: $475,000
- 4 bedrooms, 3 bathrooms
- Square feet: 4,204
- See 1625 Cottonwood Cir, Lafayette, IN 47905 on Redfin.com

825 Ravenstone Dr, Lafayette, IN 47909
- Price: $479,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,260
- See 825 Ravenstone Dr, Lafayette, IN 47909 on Redfin.com

3285 Secretariat Cir, West Lafayette, IN 47906
- Price: $490,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,310
- See 3285 Secretariat Cir, West Lafayette, IN 47906 on Redfin.com

631 Kent Ave, West Lafayette, IN 47906
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,786
- See 631 Kent Ave, West Lafayette, IN 47906 on Redfin.com

457 Elbridge Ln, Lafayette, IN 47905
- Price: $474,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,701
- See 457 Elbridge Ln, Lafayette, IN 47905 on Redfin.com

3490 Goris Dr, Lafayette, IN 47905
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,676
- See 3490 Goris Dr, Lafayette, IN 47905 on Redfin.com

1925 Mud Creek Ct, West Lafayette, IN 47906
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,650
- See 1925 Mud Creek Ct, West Lafayette, IN 47906 on Redfin.com

987 Marwyck St, West Lafayette, IN 47906
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,220
- See 987 Marwyck St, West Lafayette, IN 47906 on Redfin.com

1024 W State Road 352, Boswell, IN 47921
- Price: $469,900
- 4 bedrooms, 2 bathrooms
- Square feet: 3,128
- See 1024 W State Road 352, Boswell, IN 47921 on Redfin.com

12204 N Us Highway 421, Monticello, IN 47960
- Price: $498,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,023
- See 12204 N Us Highway 421, Monticello, IN 47960 on Redfin.com

11029 S 125 W, Romney, IN 47981
- Price: $475,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,406
- See 11029 S 125 W, Romney, IN 47981 on Redfin.com

809 Ravenstone Dr, Lafayette, IN
- Price: $489,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,467
- See 809 Ravenstone Dr, Lafayette, IN on Redfin.com

1800 White Eagle Ct, West Lafayette, IN 47906
- Price: $484,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,467
- See 1800 White Eagle Ct, West Lafayette, IN 47906 on Redfin.com

134 Parkerwood Ln, West Lafayette, IN 47906
- Price: $479,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,095
- See 134 Parkerwood Ln, West Lafayette, IN 47906 on Redfin.com

136 Parkerwood Ln, West Lafayette, IN 47906
- Price: $479,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,095
- See 136 Parkerwood Ln, West Lafayette, IN 47906 on Redfin.com

1875 E 500 N, Attica, IN 47918
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,952
- See 1875 E 500 N, Attica, IN 47918 on Redfin.com

138 Parkerwood Ln, West Lafayette, IN 47906
- Price: $489,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,852
- See 138 Parkerwood Ln, West Lafayette, IN 47906 on Redfin.com

132 Parkerwood Ln, West Lafayette, IN 47906
- Price: $489,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,852
- See 132 Parkerwood Ln, West Lafayette, IN 47906 on Redfin.com

4008 N 300 W, West Lafayette, IN 47906
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,488
- See 4008 N 300 W, West Lafayette, IN 47906 on Redfin.com

527 E 125 S, Williamsport, IN 47993
- Price: $474,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,272
- See 527 E 125 S, Williamsport, IN 47993 on Redfin.com

1937 Mud Creek Ct, West Lafayette, IN 47906
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,219
- See 1937 Mud Creek Ct, West Lafayette, IN 47906 on Redfin.com

880 Drydock Dr, Lafayette, IN
- Price: $484,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,189
- See 880 Drydock Dr, Lafayette, IN on Redfin.com

11979 W Freeman Ln, Monticello, IN 47960
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,132
- See 11979 W Freeman Ln, Monticello, IN 47960 on Redfin.com

4076 Scoria St, Lafayette, IN 47909
- Price: $470,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,049
- See 4076 Scoria St, Lafayette, IN 47909 on Redfin.com

8013 N Frazer Beach Dr, Monticello, IN 47960
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,233
- See 8013 N Frazer Beach Dr, Monticello, IN 47960 on Redfin.com