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

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 Monroe, Michigan?

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

4261 Brest Rd, Newport, MI 48166
- Price: $500,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,274
- See 4261 Brest Rd, Newport, MI 48166 on Redfin.com

4265 Teal Rd, Petersburg, MI 49270
- Price: $429,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,862
- See 4265 Teal Rd, Petersburg, MI 49270 on Redfin.com

6311 Brent Valley Dr, Temperance, MI 48182
- Price: $455,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,982
- See 6311 Brent Valley Dr, Temperance, MI 48182 on Redfin.com

4040 W Shore Ct, Newport, MI 48166
- Price: $475,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,314
- See 4040 W Shore Ct, Newport, MI 48166 on Redfin.com

4853 Southpointe Pkwy, Monroe, MI 48161
- Price: $459,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,145
- See 4853 Southpointe Pkwy, Monroe, MI 48161 on Redfin.com

7047 Sierra Ln, Temperance, MI 48182
- Price: $469,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,800
- See 7047 Sierra Ln, Temperance, MI 48182 on Redfin.com

469 Corinth Cir, Dundee, MI 48131
- Price: $469,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,584
- See 469 Corinth Cir, Dundee, MI 48131 on Redfin.com

785 Saint James Park Ave, Monroe, MI 48161
- Price: $479,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,430
- See 785 Saint James Park Ave, Monroe, MI 48161 on Redfin.com

4845 E Dunbar Rd, Monroe, MI 48161
- Price: $474,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,583
- See 4845 E Dunbar Rd, Monroe, MI 48161 on Redfin.com

8258 Twin Creek Cir, Temperance, MI 48182
- Price: $464,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,832
- See 8258 Twin Creek Cir, Temperance, MI 48182 on Redfin.com

6489 Section Rd, Ottawa Lake, MI 49267
- Price: $475,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,276
- See 6489 Section Rd, Ottawa Lake, MI 49267 on Redfin.com

14922 Wildwood Dr, Monroe, MI 48161
- Price: $469,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,700
- See 14922 Wildwood Dr, Monroe, MI 48161 on Redfin.com

3029 Appleblossom Way, Monroe, MI 48161
- Price: $457,175
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,600
- See 3029 Appleblossom Way, Monroe, MI 48161 on Redfin.com

3071 Appleblossom Way, Monroe, MI 48161
- Price: $430,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,600
- See 3071 Appleblossom Way, Monroe, MI 48161 on Redfin.com

1132 Twin Lakes Dr, Temperance, MI 48182
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,578
- See 1132 Twin Lakes Dr, Temperance, MI 48182 on Redfin.com

15156 Oak Valley Ln, Monroe, MI 48161
- Price: $474,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,544
- See 15156 Oak Valley Ln, Monroe, MI 48161 on Redfin.com

3015 Appleblossom Way, Monroe, MI 48161
- Price: $447,785
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,480
- See 3015 Appleblossom Way, Monroe, MI 48161 on Redfin.com

449 Corinth Cir, Dundee, MI 48131
- Price: $435,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,358
- See 449 Corinth Cir, Dundee, MI 48131 on Redfin.com

7974 Kreps Dr, Monroe, MI 48162
- Price: $449,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,354
- See 7974 Kreps Dr, Monroe, MI 48162 on Redfin.com

465 Corinth Cir, Dundee, MI 48131
- Price: $469,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,318
- See 465 Corinth Cir, Dundee, MI 48131 on Redfin.com

1220 N Raisinville Rd, Monroe, MI 48162
- Price: $439,900
- 4 bedrooms, 1.5 bathrooms
- Square feet: 1,768
- See 1220 N Raisinville Rd, Monroe, MI 48162 on Redfin.com

14481 Dixon Rd, Dundee, MI 48131
- Price: $450,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,016
- See 14481 Dixon Rd, Dundee, MI 48131 on Redfin.com

11662 Wells Rd, Petersburg, MI 49270
- Price: $449,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,982
- See 11662 Wells Rd, Petersburg, MI 49270 on Redfin.com

8082 Hunters Dr, Newport, MI 48166
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,522
- See 8082 Hunters Dr, Newport, MI 48166 on Redfin.com

8584 Cobblestone Dr, Newport, MI 48166
- Price: $480,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,100
- See 8584 Cobblestone Dr, Newport, MI 48166 on Redfin.com

8459 Talon Ct, Newport, MI 48166
- Price: $430,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,000
- See 8459 Talon Ct, Newport, MI 48166 on Redfin.com

8489 Cobblestone Dr, Newport, MI 48166
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,950
- See 8489 Cobblestone Dr, Newport, MI 48166 on Redfin.com

10900 Tuttlehill Rd, Milan, MI 48160
- Price: $465,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,836
- See 10900 Tuttlehill Rd, Milan, MI 48160 on Redfin.com

5100 Lewis Ave, Ida, MI 48140
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,048
- See 5100 Lewis Ave, Ida, MI 48140 on Redfin.com

15350 S Telegraph Rd, Monroe, MI 48161
- Price: $475,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,204
- See 15350 S Telegraph Rd, Monroe, MI 48161 on Redfin.com