How much house does $500,000 buy you in Niles?
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 Niles?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Niles right now. Listings below $500,000 were included if necessary.
10630 Garr Rd, Berrien Springs, MI 49103
- Price: $500,000
- 11 bedroom, 9 bathrooms
- Square feet: 10,000
- See 10630 Garr Rd, Berrien Springs, MI 49103 on Redfin.com
15963 Lakeshore Rd, Union Pier, MI 49129
- Price: $500,000
- 7 bedrooms, 6.5 bathrooms
- Square feet: 5,500
- See 15963 Lakeshore Rd, Union Pier, MI 49129 on Redfin.com
8687 Lilac Ln, Berrien Springs, MI 49103
- Price: $459,500
- 6 bedrooms, 4.5 bathrooms
- Square feet: 1,694
- See 8687 Lilac Ln, Berrien Springs, MI 49103 on Redfin.com
8892 Maplewood Dr, Berrien Springs, MI 49103
- Price: $469,500
- 6 bedrooms, 4 bathrooms
- Square feet: 2,169
- See 8892 Maplewood Dr, Berrien Springs, MI 49103 on Redfin.com
3053 Reed Rd, Buchanan, MI 49107
- Price: $449,000
- 5 bedrooms, 4 bathrooms
- Square feet: 2,500
- See 3053 Reed Rd, Buchanan, MI 49107 on Redfin.com
4799 Luther Path, Saint Joseph, MI 49085
- Price: $444,500
- 5 bedrooms, 4 bathrooms
- Square feet: 1,716
- See 4799 Luther Path, Saint Joseph, MI 49085 on Redfin.com
8460 Warren Woods Rd, Three Oaks, MI 49128
- Price: $498,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,072
- See 8460 Warren Woods Rd, Three Oaks, MI 49128 on Redfin.com
3067 Birch Ave, Coloma, MI 49038
- Price: $495,000
- 5 bedrooms, 2 bathrooms
- Square feet: 2,094
- See 3067 Birch Ave, Coloma, MI 49038 on Redfin.com
4844 Ontario, Buchanan, MI 49107
- Price: $469,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,800
- See 4844 Ontario, Buchanan, MI 49107 on Redfin.com
2223 Monica Rd, Stevensville, MI 49127
- Price: $484,500
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,558
- See 2223 Monica Rd, Stevensville, MI 49127 on Redfin.com
6035 Racine Dr, Stevensville, MI 49127
- Price: $489,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,455
- See 6035 Racine Dr, Stevensville, MI 49127 on Redfin.com
1449 Solak Ct, Saint Joseph, MI 49085
- Price: $489,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,045
- See 1449 Solak Ct, Saint Joseph, MI 49085 on Redfin.com
4318 Olive Branch Rd, Galien, MI 49113
- Price: $495,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,275
- See 4318 Olive Branch Rd, Galien, MI 49113 on Redfin.com
426 Elizabeth St, Buchanan, MI 49107
- Price: $448,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,811
- See 426 Elizabeth St, Buchanan, MI 49107 on Redfin.com
1481 Kristen Path, Saint Joseph, MI 49085
- Price: $459,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,633
- See 1481 Kristen Path, Saint Joseph, MI 49085 on Redfin.com
2206 Morton Ave, Saint Joseph, MI 49085
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,532
- See 2206 Morton Ave, Saint Joseph, MI 49085 on Redfin.com
6660 Pine Rd, Benton Harbor, MI 49022
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,300
- See 6660 Pine Rd, Benton Harbor, MI 49022 on Redfin.com
604 N Mechanic St, Berrien Springs, MI 49103
- Price: $454,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,853
- See 604 N Mechanic St, Berrien Springs, MI 49103 on Redfin.com
1155 S Bainbridge Center Rd, Benton Harbor, MI 49022
- Price: $465,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,310
- See 1155 S Bainbridge Center Rd, Benton Harbor, MI 49022 on Redfin.com
6265 Elm Dr, Sawyer, MI 49125
- Price: $450,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,256
- See 6265 Elm Dr, Sawyer, MI 49125 on Redfin.com
402 S Main St, Berrien Springs, MI 49103
- Price: $449,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,912
- See 402 S Main St, Berrien Springs, MI 49103 on Redfin.com
10051 Weko Dr, Bridgman, MI 49106
- Price: $484,500
- 3 bedrooms, 3.5 bathrooms
- Square feet: 1,456
- See 10051 Weko Dr, Bridgman, MI 49106 on Redfin.com
440 Pucker St, Niles, MI 49120
- Price: $450,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,100
- See 440 Pucker St, Niles, MI 49120 on Redfin.com
558 Swan River Dr, Benton Harbor, MI 49022
- Price: $449,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,735
- See 558 Swan River Dr, Benton Harbor, MI 49022 on Redfin.com
12435 Sandpiper Ln, Sawyer, MI 49125
- Price: $480,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,331
- See 12435 Sandpiper Ln, Sawyer, MI 49125 on Redfin.com
9729 Red Arrow Hwy, Bridgman, MI 49106
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,644
- See 9729 Red Arrow Hwy, Bridgman, MI 49106 on Redfin.com
327 State St, Saint Joseph, MI 49085
- Price: $449,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,365
- See 327 State St, Saint Joseph, MI 49085 on Redfin.com
221 N Townsend St, New Buffalo, MI 49117
- Price: $480,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,159
- See 221 N Townsend St, New Buffalo, MI 49117 on Redfin.com
19449 Us Highway 12, New Buffalo, MI 49117
- Price: $499,900
- 2 bedrooms, 1 bathroom
- Square feet: 1,325
- See 19449 Us Highway 12, New Buffalo, MI 49117 on Redfin.com
313 S Barton St, New Buffalo, MI 49117
- Price: $489,000
- 2 bedrooms, 1 bathroom
- Square feet: 612
- See 313 S Barton St, New Buffalo, MI 49117 on Redfin.com
