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

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 Grand Island?

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

3454 Schroeder Ave, Grand Island, NE 68803
- Price: $450,000
- 6 bedrooms, 3 bathrooms
- Square feet: 4,520
- See 3454 Schroeder Ave, Grand Island, NE 68803 on Redfin.com

2304 Sheridan Ave, Grand Island, NE 68803
- Price: $370,000
- 6 bedrooms, 2 bathrooms
- Square feet: 2,500
- See 2304 Sheridan Ave, Grand Island, NE 68803 on Redfin.com

1135 Stonewood Ave, Grand Island, NE 68803
- Price: $429,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,376
- See 1135 Stonewood Ave, Grand Island, NE 68803 on Redfin.com

3027 Bighorn Pl, Grand Island, NE 68803
- Price: $455,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,276
- See 3027 Bighorn Pl, Grand Island, NE 68803 on Redfin.com

1416 Sagewood Ave, Grand Island, NE 68803
- Price: $454,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,080
- See 1416 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

1435 Sagewood Ave, Grand Island, NE 68803
- Price: $454,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,080
- See 1435 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

1436 Sagewood Ave, Grand Island, NE 68803
- Price: $429,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,976
- See 1436 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

1424 Sagewood Ave, Grand Island, NE 68803
- Price: $419,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,820
- See 1424 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

1539 Stonewood Ave, Grand Island, NE 68803
- Price: $422,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,820
- See 1539 Stonewood Ave, Grand Island, NE 68803 on Redfin.com

3920 Majestic Ave, Grand Island, NE 68803
- Price: $420,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,694
- See 3920 Majestic Ave, Grand Island, NE 68803 on Redfin.com

1404 Grand Ave, Grand Island, NE 68801
- Price: $425,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,656
- See 1404 Grand Ave, Grand Island, NE 68801 on Redfin.com

2508 Arrowhead Rd, Grand Island, NE 68801
- Price: $425,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,420
- See 2508 Arrowhead Rd, Grand Island, NE 68801 on Redfin.com

1429 Mansfield Rd, Grand Island, NE 68803
- Price: $419,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,686
- See 1429 Mansfield Rd, Grand Island, NE 68803 on Redfin.com

1316 Grand Ave, Grand Island, NE 68801
- Price: $374,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,837
- See 1316 Grand Ave, Grand Island, NE 68801 on Redfin.com

4121 Allen Ave, Grand Island, NE 68803
- Price: $385,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,291
- See 4121 Allen Ave, Grand Island, NE 68803 on Redfin.com

4128 Allen Ave, Grand Island, NE 68803
- Price: $389,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,144
- See 4128 Allen Ave, Grand Island, NE 68803 on Redfin.com

410 Pheasant Dr, Grand Island, NE 68801
- Price: $415,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,946
- See 410 Pheasant Dr, Grand Island, NE 68801 on Redfin.com

1128 Sagewood Ave, Grand Island, NE 68803
- Price: $390,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,920
- See 1128 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

4204 W Capital Ave, Grand Island, NE 68803
- Price: $450,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,880
- See 4204 W Capital Ave, Grand Island, NE 68803 on Redfin.com

4209 Wilder Ave, Grand Island, NE 68803
- Price: $395,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,823
- See 4209 Wilder Ave, Grand Island, NE 68803 on Redfin.com

706 Grand Ave, Grand Island, NE 68801
- Price: $399,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,914
- See 706 Grand Ave, Grand Island, NE 68801 on Redfin.com

662 Root St, Grand Island, NE 68801
- Price: $429,900
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,370
- See 662 Root St, Grand Island, NE 68801 on Redfin.com

1011 Austin Ave, Grand Island, NE 68801
- Price: $419,500
- 3 bedrooms, 3 bathrooms
- Square feet: 3,264
- See 1011 Austin Ave, Grand Island, NE 68801 on Redfin.com

2516 Arrowhead Rd, Grand Island, NE 68801
- Price: $372,500
- 3 bedrooms, 3 bathrooms
- Square feet: 2,084
- See 2516 Arrowhead Rd, Grand Island, NE 68801 on Redfin.com

617 Plum Rd, Grand Island, NE 68801
- Price: $370,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,624
- See 617 Plum Rd, Grand Island, NE 68801 on Redfin.com

1613 Spruce Rd, Grand Island, NE 68801
- Price: $399,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,274
- See 1613 Spruce Rd, Grand Island, NE 68801 on Redfin.com

3750 Lilac Ln, Grand Island, NE 68803
- Price: $469,900
- 3 bedrooms, 2 bathrooms
- Square feet: 3,420
- See 3750 Lilac Ln, Grand Island, NE 68803 on Redfin.com

1427 Sagewood Ave, Grand Island, NE 68803
- Price: $408,900
- 3 bedrooms, 2 bathrooms
- Square feet: 3,096
- See 1427 Sagewood Ave, Grand Island, NE 68803 on Redfin.com

4048 Northview Dr, Grand Island, NE 68803
- Price: $443,900
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,600
- See 4048 Northview Dr, Grand Island, NE 68803 on Redfin.com

1647 Stonewood Ave, Grand Island, NE 68803
- Price: $394,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,842
- See 1647 Stonewood Ave, Grand Island, NE 68803 on Redfin.com