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

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 Marquette?

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

101 Kirkpatrick Ave, Palmer, MI 49871
- Price: $450,000
- 8 bedrooms, 3 bathrooms
- Square feet: 3,138
- See 101 Kirkpatrick Ave, Palmer, MI 49871 on Redfin.com

321 N Front St, Marquette, MI 49855
- Price: $450,000
- 7 bedrooms, 2 bathrooms
- Square feet: 3,394
- See 321 N Front St, Marquette, MI 49855 on Redfin.com

258 W Jasper St, Gwinn, MI 49841
- Price: $499,000
- 6 bedrooms, 5.5 bathrooms
- Square feet: 4,896
- See 258 W Jasper St, Gwinn, MI 49841 on Redfin.com

1025 Country Ln, Ishpeming, MI 49849
- Price: $459,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,600
- See 1025 Country Ln, Ishpeming, MI 49849 on Redfin.com

1301 Tierney St, Marquette, MI 49855
- Price: $475,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,546
- See 1301 Tierney St, Marquette, MI 49855 on Redfin.com

1860 Altamont St, Marquette, MI 49855
- Price: $430,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,590
- See 1860 Altamont St, Marquette, MI 49855 on Redfin.com

2153 Norwood St, Marquette, MI 49855
- Price: $489,000
- 5 bedrooms, 2 bathrooms
- Square feet: 2,810
- See 2153 Norwood St, Marquette, MI 49855 on Redfin.com

350 Taylor Rd, Gwinn, MI 49841
- Price: $485,000
- 5 bedrooms, 2 bathrooms
- Square feet: 1,632
- See 350 Taylor Rd, Gwinn, MI 49841 on Redfin.com

200 Sunset (Lot 1) Dr, Negaunee, MI 49866
- Price: $449,355
- 4 bedrooms, 3 bathrooms
- Square feet: 2,120
- See 200 Sunset (Lot 1) Dr, Negaunee, MI 49866 on Redfin.com

614 Brule Rd, Marquette, MI 49855
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,276
- See 614 Brule Rd, Marquette, MI 49855 on Redfin.com

914 Wilson St, Marquette, MI 49855
- Price: $439,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,064
- See 914 Wilson St, Marquette, MI 49855 on Redfin.com

311 W Fairbanks St, Marquette, MI 49855
- Price: $450,000
- 4 bedrooms, 2 bathrooms
- Square feet: 3,474
- See 311 W Fairbanks St, Marquette, MI 49855 on Redfin.com

409 Oak St, Marquette, MI 49855
- Price: $444,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,156
- See 409 Oak St, Marquette, MI 49855 on Redfin.com

132 Wintergreen Trl, Marquette, MI 49855
- Price: $459,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,316
- See 132 Wintergreen Trl, Marquette, MI 49855 on Redfin.com

604 County Rd, Negaunee, MI 49866
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,035
- See 604 County Rd, Negaunee, MI 49866 on Redfin.com

232 Winberg Rd, Skandia, MI 49885
- Price: $479,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,411
- See 232 Winberg Rd, Skandia, MI 49885 on Redfin.com

103 Morgan Meadows Rd, Marquette, MI 49855
- Price: $429,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,083
- See 103 Morgan Meadows Rd, Marquette, MI 49855 on Redfin.com

5 Krooks Rd, Negaunee, MI 49866
- Price: $485,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,806
- See 5 Krooks Rd, Negaunee, MI 49866 on Redfin.com

2132 Montgomery St, Marquette, MI 49855
- Price: $464,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,152
- See 2132 Montgomery St, Marquette, MI 49855 on Redfin.com

304 County Road Kci, Marquette, MI 49855
- Price: $474,000
- 2 bedrooms, 3 bathrooms
- Square feet: 1,719
- See 304 County Road Kci, Marquette, MI 49855 on Redfin.com

7834 County Road 550, Marquette, MI 49855
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,801
- See 7834 County Road 550, Marquette, MI 49855 on Redfin.com

109 Forest Ridge Dr, Marquette, MI 49855
- Price: $439,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,237
- See 109 Forest Ridge Dr, Marquette, MI 49855 on Redfin.com

19007 Cr 601 Rd, Champion, MI 49814
- Price: $455,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,092
- See 19007 Cr 601 Rd, Champion, MI 49814 on Redfin.com

1656 Chief Lake Rd, Republic, MI 49879
- Price: $429,900
- 1 bedroom, 1.5 bathrooms
- Square feet: 1,440
- See 1656 Chief Lake Rd, Republic, MI 49879 on Redfin.com

1656 Chief Rd, Republic, MI 49879
- Price: $429,900
- 1 bedroom, 1.5 bathrooms
- Square feet: 1,440
- See 1656 Chief Rd, Republic, MI 49879 on Redfin.com

2401 N Lakeshore Blvd, Marquette, MI 49855
- Price: $419,900
- 1 bedroom, 1 bathroom
- Square feet: 1,046
- See 2401 N Lakeshore Blvd, Marquette, MI 49855 on Redfin.com

2401 N Lakeshore Blvd, Marquette, MI 49855
- Price: $419,900
- 1 bedroom, 1 bathroom
- Square feet: 1,046
- See 2401 N Lakeshore Blvd, Marquette, MI 49855 on Redfin.com

2401 N Lakeshore Blvd, Marquette, MI 49855
- Price: $429,900
- 1 bedroom, 1 bathroom
- Square feet: 816
- See 2401 N Lakeshore Blvd, Marquette, MI 49855 on Redfin.com

2401 N Lakeshore Blvd, Marquette, MI 49855
- Price: $429,900
- 1 bedroom, 1 bathroom
- Square feet: 816
- See 2401 N Lakeshore Blvd, Marquette, MI 49855 on Redfin.com

2401 N Lakeshore Blvd, Marquette, MI 49855
- Price: $429,900
- 1 bedroom, 1 bathroom
- Square feet: 816
- See 2401 N Lakeshore Blvd, Marquette, MI 49855 on Redfin.com