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

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 Charlottesville?

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

227 Larchmont Cir, Ruckersville, VA 22968
- Price: $499,900
- 4 bedrooms, 4 bathrooms
- Square feet: 3,895
- See 227 Larchmont Cir, Ruckersville, VA 22968 on Redfin.com

1912 Glissade Ln, Charlottesville, VA 22911
- Price: $485,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,515
- See 1912 Glissade Ln, Charlottesville, VA 22911 on Redfin.com

104 Park Ridge Dr, Yancey Mills, VA 22932
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 1,938
- See 104 Park Ridge Dr, Yancey Mills, VA 22932 on Redfin.com

27 Fairway Dr, Palmyra, VA 22963
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,302
- See 27 Fairway Dr, Palmyra, VA 22963 on Redfin.com

13298 James Madison Hwy, Palmyra, VA 22963
- Price: $495,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,904
- See 13298 James Madison Hwy, Palmyra, VA 22963 on Redfin.com

589 Pedlars Edge Dr, Wintergreen Resort, VA 22967
- Price: $498,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,300
- See 589 Pedlars Edge Dr, Wintergreen Resort, VA 22967 on Redfin.com

4398 Thomas Jefferson Pkwy, Palmyra, VA 22963
- Price: $491,714
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,227
- See 4398 Thomas Jefferson Pkwy, Palmyra, VA 22963 on Redfin.com

Carysbrook Rd, Cunningham, VA 22963
- Price: $488,345
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,227
- See Carysbrook Rd, Cunningham, VA 22963 on Redfin.com

1365 Amber Ridge Rd, Charlottesville, VA 22901
- Price: $495,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,212
- See 1365 Amber Ridge Rd, Charlottesville, VA 22901 on Redfin.com

, North Garden, VA 22959
- Price: $499,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,485
- See , North Garden, VA 22959 on Redfin.com

1315 Gristmill Dr, Charlottesville, VA 22902
- Price: $499,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,566
- See 1315 Gristmill Dr, Charlottesville, VA 22902 on Redfin.com

8 Birch Ct, Palmyra, VA 22963
- Price: $490,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,110
- See 8 Birch Ct, Palmyra, VA 22963 on Redfin.com

123 Keasley Ln, Stanardsville, VA 22973
- Price: $499,995
- 3 bedrooms, 3 bathrooms
- Square feet: 2,780
- See 123 Keasley Ln, Stanardsville, VA 22973 on Redfin.com

752 Westwood Rd, Stanardsville, VA 22973
- Price: $479,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,358
- See 752 Westwood Rd, Stanardsville, VA 22973 on Redfin.com

30 Stony Cove Ln, Wintergreen Resort, VA 22967
- Price: $489,500
- 3 bedrooms, 3 bathrooms
- Square feet: 2,181
- See 30 Stony Cove Ln, Wintergreen Resort, VA 22967 on Redfin.com

34 Lindley Ln, Charlottesville, VA
- Price: $495,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,890
- See 34 Lindley Ln, Charlottesville, VA on Redfin.com

39A Lindley Pl, Charlottesville, VA 22901
- Price: $489,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,890
- See 39A Lindley Pl, Charlottesville, VA 22901 on Redfin.com

48A Miranda Xing, Charlottesville, VA 22911
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,196
- See 48A Miranda Xing, Charlottesville, VA 22911 on Redfin.com

1022 Turkey Ridge Rd, Stanardsville, VA 22973
- Price: $499,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,166
- See 1022 Turkey Ridge Rd, Stanardsville, VA 22973 on Redfin.com

1645 Ravens Pl, Charlottesville, VA 22911
- Price: $495,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,894
- See 1645 Ravens Pl, Charlottesville, VA 22911 on Redfin.com

14B Larkin Ave, Crozet, VA
- Price: $479,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,854
- See 14B Larkin Ave, Crozet, VA on Redfin.com

115 Melbourne Park Cir, Charlottesville, VA 22901
- Price: $479,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,841
- See 115 Melbourne Park Cir, Charlottesville, VA 22901 on Redfin.com

67 Timber Camp Dr, Wintergreen Resort, VA 22967
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,819
- See 67 Timber Camp Dr, Wintergreen Resort, VA 22967 on Redfin.com

903 Nassau St, Charlottesville, VA 22902
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,792
- See 903 Nassau St, Charlottesville, VA 22902 on Redfin.com

314 E Catoctin Dr, Wintergreen Resort, VA 22967
- Price: $483,975
- 3 bedrooms, 2 bathrooms
- Square feet: 1,605
- See 314 E Catoctin Dr, Wintergreen Resort, VA 22967 on Redfin.com

170 Deer Springs Ln, Wintergreen Resort, VA 22967
- Price: $479,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,536
- See 170 Deer Springs Ln, Wintergreen Resort, VA 22967 on Redfin.com

117 Brooking Ln, Barboursville, VA 22923
- Price: $479,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,500
- See 117 Brooking Ln, Barboursville, VA 22923 on Redfin.com

104 Blue Ridge Ln, Faber, VA 22938
- Price: $487,500
- 3 bedrooms, 2 bathrooms
- Square feet: 1,400
- See 104 Blue Ridge Ln, Faber, VA 22938 on Redfin.com

1A Flint Dr, Charlottesville, VA 22903
- Price: $489,900
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,415
- See 1A Flint Dr, Charlottesville, VA 22903 on Redfin.com

619 E High St, Charlottesville, VA 22902
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,140
- See 619 E High St, Charlottesville, VA 22902 on Redfin.com