How much house does $500,000 buy you in Baltimore?
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 Baltimore?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Baltimore right now. Listings below $500,000 were included if necessary.
224 Old Liberty Rd, Sykesville, MD 21784
- Price: $500,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,020
- See 224 Old Liberty Rd, Sykesville, MD 21784 on Redfin.com
1125 Crawford Dr, Glen Burnie, MD 21061
- Price: $499,995
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,452
- See 1125 Crawford Dr, Glen Burnie, MD 21061 on Redfin.com
112 Melvin Ave, Catonsville, MD 21228
- Price: $500,000
- 5 bedrooms, 1.5 bathrooms
- Square feet: 1,694
- See 112 Melvin Ave, Catonsville, MD 21228 on Redfin.com
1426 Riverside Ave, Baltimore, MD 21230
- Price: $499,999
- 4 bedrooms, 4.5 bathrooms
- Square feet: 2,021
- See 1426 Riverside Ave, Baltimore, MD 21230 on Redfin.com
3405 Woodvalley Dr, Pikesville, MD 21208
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,733
- See 3405 Woodvalley Dr, Pikesville, MD 21208 on Redfin.com
11 Blake Ct, Reisterstown, MD 21136
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,753
- See 11 Blake Ct, Reisterstown, MD 21136 on Redfin.com
11123 Wilder Way, Owings Mills, MD 21117
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,016
- See 11123 Wilder Way, Owings Mills, MD 21117 on Redfin.com
2909 Willoughby Beach Rd, Edgewood, MD 21040
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,156
- See 2909 Willoughby Beach Rd, Edgewood, MD 21040 on Redfin.com
7715 Pecan Leaf Rd, Severn, MD 21144
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,150
- See 7715 Pecan Leaf Rd, Severn, MD 21144 on Redfin.com
1009 Bunch Berry Dr, Joppa, MD 21085
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,148
- See 1009 Bunch Berry Dr, Joppa, MD 21085 on Redfin.com
Tbb-Tolchester Ii Whimsical Dr, Havre De Grace, MD 21078
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,050
- See Tbb-Tolchester Ii Whimsical Dr, Havre De Grace, MD 21078 on Redfin.com
196 E Main St, Westminster, MD 21157
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,316
- See 196 E Main St, Westminster, MD 21157 on Redfin.com
8383 Sycamore Rd, Millersville, MD 21108
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,150
- See 8383 Sycamore Rd, Millersville, MD 21108 on Redfin.com
1706 Abelia Rd, Fallston, MD 21047
- Price: $499,990
- 4 bedrooms, 2 bathrooms
- Square feet: 1,752
- See 1706 Abelia Rd, Fallston, MD 21047 on Redfin.com
1011 Bunch Berry Dr, Joppa, MD 21085
- Price: $499,990
- 4 bedrooms, 2 bathrooms
- Square feet: 1,698
- See 1011 Bunch Berry Dr, Joppa, MD 21085 on Redfin.com
1514 Covington St, Baltimore, MD 21230
- Price: $500,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 1,950
- See 1514 Covington St, Baltimore, MD 21230 on Redfin.com
7369 Eden Brook Dr, Columbia, MD 21046
- Price: $500,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 1,944
- See 7369 Eden Brook Dr, Columbia, MD 21046 on Redfin.com
5919 Logans Way, Ellicott City, MD 21043
- Price: $499,999
- 3 bedrooms, 3 bathrooms
- Square feet: 2,280
- See 5919 Logans Way, Ellicott City, MD 21043 on Redfin.com
2508 Stow Ct, Crofton, MD 21114
- Price: $500,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,157
- See 2508 Stow Ct, Crofton, MD 21114 on Redfin.com
10009 -B American Pharoah Ln, Laurel, MD 20723
- Price: $499,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,418
- See 10009 -B American Pharoah Ln, Laurel, MD 20723 on Redfin.com
2339 Cambridge Walk, Baltimore, MD 21224
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,100
- See 2339 Cambridge Walk, Baltimore, MD 21224 on Redfin.com
4210 Germantown Way, Perry Hall, MD 21236
- Price: $499,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,845
- See 4210 Germantown Way, Perry Hall, MD 21236 on Redfin.com
602 Arlewood Rd, Catonsville, MD 21228
- Price: $499,995
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,704
- See 602 Arlewood Rd, Catonsville, MD 21228 on Redfin.com
9982 Justify Run, North Laurel, MD 20723
- Price: $499,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,581
- See 9982 Justify Run, North Laurel, MD 20723 on Redfin.com
307 Skipper Ln, Chester, MD 21619
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,180
- See 307 Skipper Ln, Chester, MD 21619 on Redfin.com
Golden Rose Way, Aberdeen, MD
- Price: $499,990
- 3 bedrooms, 2 bathrooms
- Square feet: 1,601
- See Golden Rose Way, Aberdeen, MD on Redfin.com
4035 Norrisville Rd, Jarrettsville, MD 21084
- Price: $500,000
- 3 bedrooms, 1 bathroom
- Square feet: 922
- See 4035 Norrisville Rd, Jarrettsville, MD 21084 on Redfin.com
106 N Main St, Bel Air, MD 21014
- Price: $500,000
- 2 bedrooms, 3.5 bathrooms
- Square feet: 2,548
- See 106 N Main St, Bel Air, MD 21014 on Redfin.com
1143 Hull St, Baltimore, MD 21230
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,640
- See 1143 Hull St, Baltimore, MD 21230 on Redfin.com
4320 Solomons Island Rd, Harwood, MD 20776
- Price: $499,999
- 2 bedrooms, 2 bathrooms
- Square feet: 2,213
- See 4320 Solomons Island Rd, Harwood, MD 20776 on Redfin.com
