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What $250,000 Can Buy You in America's 50 Largest Cities

From tiny studio to near-mansion, here’s the range of your real estate options.

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Owning property is one of the great joys, and headaches, in life. It's an investment, a long-term project, and a place to call your own—and occasionally repair or perhaps completely renovate, if you're up for that kind of thing. Your home is your castle. But if you're buying in some of the country's most saturated real estate markets, you probably aren't going to be able to afford anything remotely resembling a castle—or even a proper house.


If you're considering taking a jump and buying yourself a place, deciding in which city to buy is going to make a big impact on your options and the amount of space you're going to be able to get. To help you decide, we've pulled together a representative roundup of what $250,000 can get you in the United States' 50 largest cities. In some spots, you may be surprised how far your money will stretch, and others might just depress you. All info comes from Trulia—listings are available as of August 29, 2017 (lot sizes are in square feet unless otherwise specified).

And if renting is more your style, here's what $2,000 can get you in America's 50 largest cities.

1 | New York, NY

New York, property

What You Can Buy: 579 W 215th St #2D

New York, NY 10034

Type of Property: Studio

Year Built: 1966

Square Footage: 550

Lot Size: 550

Number of Bedrooms: 0

Number of Bathrooms: 1

Space costs you in New York and this studio is no exception, it's in a well-renovated and serviced building on the river with some splendid vistas—but it's tiny. (If you're feeling exhausted already, take a well-deserved break from house-hunting with one of the 5 best light-bodied red wines for extending your summer.)

2 | Los Angeles, CA

Los Angeles, property

What You Can Buy: 743 E 79th St

Los Angeles, CA 90001

Type of Property: Single Family

Year Built: 1927

Square Footage: 1216

Lot Size: 5,201 sqft

Number of Bedrooms: 3

Number of Bathrooms: 1

In L.A. you can get a house that has admittedly seen better days and, if you're gonna call it home, needs a serious upgrade.

3 | Chicago, IL

Chicago, property

What You Can Buy: 4700 N Campbell Ave #1

Chicago, IL 60625

Type of Property: condo

Year Built: 1917

Square Footage: 4767

Lot Size: 4767

Number of Bedrooms: 2

Number of Bathrooms: 1

This well-preserved first-floor condo is near the up-and-coming Lincoln Square and comes with updated kitchen and amenities. When moving to Chicago, just keep in mind it's illegal to take a nap on the dance floor—and for more questionably useful information like that, check out The 47 Weirdest Laws from Around the World.

4 | Cleveland, OH

Houston, property

What You Can Buy: 2750 Wicklow Rd

Cleveland, OH 44120

Type of Property: single family

Year Built: 1939

Square Footage: 2447

Lot Size: 0.39 acres

Number of Bedrooms: 4

Number of Bathrooms: 4

For a quarter-million, you can get this eight-room house in Shaker Heights, complete with a back patio, a front porch, and a garage. Sure, it's the suburbs, but it's a lot more space than you'd get in a lot of big cities.

5 | Phoenix, AZ

Phoenix, property

What You Can Buy: 2129 E Saltsage Dr

Phoenix, AZ 85048

Type of Property: single family

Year Built: 1994

Square Footage: 1755

Lot Size: 3049

Number of Bedrooms: 3

Number of Bathrooms: 2 ½

This is a two-story house with, yes, some visible tear and wear, in a suburban neighborhood—but it's near park and hiking trails and comes with beautiful mountain views. While you're in the area, why not take a trip Sedona, Arizona, home to one of the 15 most luxurious spas in America?

6 | Philadelphia, PA

Philadelphia, property

What You Can Buy: 130-36 N Bread St #411

Philadelphia, PA 19106

Type of Property: condo

Year Built: 1900

Square Footage: 908

Lot Size: 908

Number of Bedrooms: 2

Number of Bathrooms: 1

This is a trendy renovated lofty one-bedroom in Old City, right near Franklin Square, with exposed brick walls and a spiral staircase that's certain to bring out the artist in anyone.

7 | San Antonio, TX

San Antonio, property

What You Can Buy: 12907 Waterlily Way

San Antonio, TX 78254

Type of Property: single family

Year Built: 2013

Square Footage: 1795

Lot Size: 6969

Number of Bedrooms: 3

Number of Bathrooms: 2

$250k in San Antonio will net you a spacious house in the far western outskirts of town, near Government Canyon State Park, with a huge back yard and an entertaining deck with jaw-dropping views of the canyon.

8 | San Diego, CA

San Diego, property

What You Can Buy: 6955 Alvarado Rd #41

San Diego, CA 92120

Type of Property: condo

Year Built: 1970

Square Footage: 879

Lot Size: 2.91 acres

Number of Bedrooms: 2

Number of Bathrooms: 2

This is a bare essentials two-bedroom condo near Lake Murray—a bit far from downtown, sure, but close to nature.

9 | Dallas, TX

Dallas, property

What You Can Buy: 4311 Copeland St

Dallas, TX 75210

Type of Property: multi family

Year Built: 1925

Square Footage: 2640

Lot Size: 7840

Number of Bedrooms: 2

Number of Bathrooms: 1

In East Dallas, you can expect $250,000 to get you little more than four walls and a roof—yet an ideal opportunity for flipping.

10 | San Jose, CA

San Jose, property

What You Can Buy: 444 Lily Ann Way

San Jose, CA 95123

Type of Property: mobile/ manufactured

Year Built: 1977

Square Footage: 1584

Lot Size: 1584

Number of Bedrooms: 4

Number of Bathrooms: 2

The southern suburbs of San Jose offer the basic amenities: a tiny back yard with a sunroom and some orchard trees.

11 | Austin, TX

Austin, property

What You Can Buy: 4711 Spicewood Springs Rd #9-152

Austin, TX 78759

Type of Property: condo

Year Built: 1985

Square Footage: 979

Lot Size: 5662

Number of Bedrooms: 2

Number of Bathrooms: 1

This 2-bed condo is in on the northern outskirts of Austin, near the Bull Creek Greenbelt, in a gated community with a plush wooded setting that offers plenty of peace and quiet.

12 | Jacksonville, FL

Jacksonville, property

What You Can Buy: 6298 Oleta Way

Jacksonville, FL 32258

Type of Property: single family

Year Built: 2006

Square Footage: 2049

Lot Size: 0.27 acres

Number of Bedrooms: 4

Number of Bathrooms: 2

On the southern fringes of Jacksonville, in Bartram Springs, $250k will get you a good amount of space and all the works of a family home.

13 | San Francisco, CA

San Francisco, property

What You Can Buy: 1450 Post St #502

San Francisco, CA 94109

Type of Property: condo

Year Built: 1992

Square Footage: 540

Lot Size: 540

Number of Bedrooms: 1

Number of Bathrooms: 1

By San Francisco standards, this is a steal: a renovated condo in a building for the elderly that is centrally located near Japan Town, perfect for culture and dining.

14 | Columbus, OH

Columbus, property

What You Can Buy: 1299 Franklin Ave

Columbus, OH 43205

Type of Property: single family

Year Built: 1900

Square Footage: 1667

Lot Size: n/a

Number of Bedrooms: 3

Number of Bathrooms: 3

A quarter million in Columbus will net you a two-bedroom condo near Franklin Park, in Old Town East, complete with a third-floor jacuzzi and skylights.

15 | Indianapolis, IN

Indianapolis, property

What You Can Buy: 1325 Central Ave #2

Indianapolis, IN 46202

Type of Property: condo

Year Built: 1910

Square Footage: 1143

Lot Size: n/a

Number of Bedrooms: 1

Number of Bathrooms: 1

This is a centrally located renovated one-bedroom condo in a vintage building with old world finishes and an impressively spacious porch.

16 | Fort Worth, TX

Fort Worth, property

What You Can Buy: 6239 Rendon New Hope Rd

Fort Worth, TX 76140

Type of Property: single family

Year Built: 1980

Square Footage: 2092

Lot Size: 1.54 acres

Number of Bedrooms: 3

Number of Bathrooms: 2

Here, we have a country home in the southern suburbs of Fort Worth that comes with all the basics and enough outdoor space to start a farm, if you so desire.

17 | Charlotte, NC

Charlotte, property

What You Can Buy: 606 Regency Dr

Charlotte, NC 28211

Type of Property: single family

Year Built: 1979

Square Footage: 2007

Lot Size: .28 acres

Number of Bedrooms: 4

Number of Bathrooms: 2 1/2

In Charlotte, you can pick up a spacious home with the sweetest amenity of all: a hot tub! Plus, this place has great outdoor space and some full-grown trees.

18 | Seattle, WA

Seattle, property

What You Can Buy: 1525 NW 57th St #312

Seattle, WA 98107

Type of Property: condo

Year Built: 2000

Square Footage: 458

Lot Size: 458

Number of Bedrooms: 0

Number of Bathrooms: 1

Seattle offers a tiny condo with a centralized location in a building with luxury amenities, including a sauna, a gym, a hot tub, a rooftop deck, and two parking spots.

19 | Denver, CO

Denver, property

What You Can Buy: 11905 Monroe St

Thornton, CO 80233

Type of Property: townhouse

Year Built: 1978

Square Footage: 1178

Lot Size: 2178

Number of Bedrooms: 2

Number of Bathrooms: 1 1/2

This is a suburban home with some exterior cosmetic renovation and a tiny backyard. Plus, the address is in biking distance to basic shopping.

20 | El Paso, TX

El Paso, property

What You Can Buy: 55013 US Highway 62/180

El Paso, TX 79938

Type of Property: single family

Year Built: 2008

Square Footage: 2174

Lot Size: 50.05 acres

Number of Bedrooms: 4

Number of Bathrooms: 2

Everything is bigger in Texas, and that especially goes for El Paso; the locale is not short on space. For example, check out this spacious desert hacienda with 50 acres of land attached to it.

21 | Washington, D.C.

Washington, D.C., property

What You Can Buy: 3601 Wisconsin Ave NW #708

Washington, DC 20016

Type of Property: condo

Year Built: 1950

Square Footage: 569

Lot Size: 187

Number of Bedrooms: 0

Number of Bathrooms: 1

Space in our capitol is not taken lightly, and this tiny condo, with only the most basic of amenities, all the way in the far corners of the city, is a prime example of that.

22 | Boston, MA

Boston, property

What You Can Buy: 379 Meridian St #301

Boston, MA 02128

Type of Property: condo

Year Built: 1920

Square Footage: 536

Lot Size: 536

Number of Bedrooms: 2

Number of Bathrooms: 1

Boston offers a possible business opportunity with a large lot that needs ground-up rebuild, but is located in a pleasant, peaceful, from-from-downtown neighborhood.

23 | Detroit, MI

Detroit, property

What You Can Buy: 11817 Kenmoor St

Detroit, MI 48205

Type of Property: multi family

Year Built: 1929

Square Footage: 1998

Lot Size: 4791

Number of Bedrooms: 2

Number of Bathrooms: 1

In the ravaged Detroit real estate market, offerings like this well-located house—that could admittedly use some retouching—are sure to bring people back to town.

24 | Nashville, TN

Nashville, property

What You Can Buy: 5025 Hillsboro Pike #23S

Nashville, TN 37215

Type of Property: condo

Year Built: 1969

Square Footage: 1542

Lot Size: 1742

Number of Bedrooms: 2

Number of Bathrooms: 2

This is in the lush Green Hills neighborhood and offers an impressive amount of space for a two-bedroom. Plus, it comes with two balconies and plenty of green areas outside.

25 | Memphis, TN

Memphis, property

What You Can Buy: 4493 Glenchase Dr

Bartlett, TN 38135

Type of Property: single family

Year Built: 1997

Square Footage: 2758

Lot Size: 0.34 acres

Number of Bedrooms: 3

Number of Bathrooms: 2

Memphis offers this neatly remodeled house with a massive yard, a pool, and a backyard deck, as well as plenty of interior space.

26 | Portland, OR

Portland, property

What You Can Buy: 12003 SE Schiller St

Portland, OR 97266

Type of Property: townhouse

Year Built: 1999

Square Footage: 1963

Lot Size: 2613

Number of Bedrooms: 2

Number of Bathrooms: 3

In hipster haven Portland, you can pick up this medium-sized townhouse with all basics and some recent cosmetic upgrades.

27 | Oklahoma City, OK

Oklahoma City, property

What You Can Buy: 1332 SW 108th Pl

Oklahoma City, OK 73170

Type of Property: single family

Year Built: 1985

Square Footage: 2587

Lot Size: 9583

Number of Bedrooms: 5

Number of Bathrooms: 3

In Oklahoma City, you get a solid deal with this huge house—plenty of outdoor space and a giant pool.

28 | Las Vegas, NV

Las Vegas, property

What You Can Buy: 4551 Carriage Park Dr

Las Vegas, NV 89121

Type of Property: multi family

Year Built: 1984

Square Footage: 3672

Lot Size: 2178

Number of Bedrooms: 2

Number of Bathrooms: 2

This minimalistic remodeled condo in a small building comes with a ton of space and a location not far from The Strip: Perfect for practicing how to double your Vegas winnings.

29 | Louisville, KY

Louisville, property

What You Can Buy: 2001 Lancashire Ave #302

Louisville, KY 40205

Type of Property: condo

Year Built: 2006

Square Footage: 1543

Lot Size: 1543

Number of Bedrooms: 2

Number of Bathrooms: 2

Louisville offers a medium-sized condo with a lot of open space, natural light, and a walk-in closet—all not far from the bustling, budding downtown.

30 | Baltimore, MD

Baltimore, property

What You Can Buy: 8411 Allison Ln

Baltimore, MD 21237

Type of Property: single family

Year Built: 1955

Square Footage: 1972

Lot Size: 0.27 acres

Number of Bedrooms: 5

Number of Bathrooms: 3 1/2

Baltimore's suburbs offer great value with this spacious and completely remodeled house.

31 | Milwaukee, WI

Milwaukee, property

What You Can Buy: 2017 N Cambridge Ave #5

Milwaukee, WI 53202

Type of Property: condo

Year Built: n/a

Square Footage: 1473

Lot Size: 1473

Number of Bedrooms: 3

Number of Bathrooms: 2 1/2

This condo on Milwaukee's Lower East Side is well-maintained and comes with a two-car garage and a decent amount of space for a city dwelling.

32 | Albuquerque, NM

Albuquerque, property

What You Can Buy: 8216 Calle Ensueno NW

Albuquerque, NM 87120

Type of Property: single family

Year Built: 1993

Square Footage: 1818

Lot Size: 0.26 acres

Number of Bedrooms: 4

Number of Bathrooms: 2

This classic desert villa near Petroglyph National Monument offers a well-maintained interior, a huge back yard, and a spacious pool.

33 | Tucson, AZ

Tucson, property

What You Can Buy: 3613 E Canter Rd

Tucson, AZ 85739

Type of Property: single family

Year Built: 2005

Square Footage: 2082

Lot Size: 7405

Number of Bedrooms: 4

Number of Bathrooms: 2

Tucson suburbs near Catalina State Park offer great values on space and amenity quality. For example, check out this single-level house, which comes with a property nearly four times the size of the building.

34 | Fresno, CA

Fresno, property

What You Can Buy: 5608 W Swift Ave

Fresno, CA 93722

Type of Property: single family

Year Built: 1997

Square Footage: 1859

Lot Size: 6098

Number of Bedrooms: 3

Number of Bathrooms: 2

This Fresno home is, sure, a bit stylistically outdated, but comes with a good amount of outdoor space and is well-located, not too far from shopping and dining options.

35 | Sacramento, CA

Sacramento, property

What You Can Buy: 878 Woodside Ln E #4

Sacramento, CA 95825

Type of Property: condo

Year Built: 1970

Square Footage: 1632

Lot Size: 2178

Number of Bedrooms: 3

Number of Bathrooms: 2 1/2

Basic amenities, convenient parking, centralized location, and lush, beautiful grounds—a quarter million in Sacramento gets you all that you need.

36 | Mesa, AZ

Mesa, property

What You Can Buy: 3156 E Garnet Ave

Mesa, AZ 85204

Type of Property: single family

Year Built: 1983

Square Footage: 1800

Lot Size: 9583

Number of Bedrooms: 4

Number of Bathrooms: 2

This is renovated home comes with an enormous backyard, but could use someone with a green thumb to make the grounds more inviting.

37 | Kansas City, MO

Kansas City, MO, property

What You Can Buy: 9829 N Montclair Ave

Kansas City, MO 64154

Type of Property: townhouse

Year Built: 2001

Square Footage: 2855

Lot Size: 1306

Number of Bedrooms: 3

Number of Bathrooms: 3 1/2

Kansas City offers a charming townhouse in an upscale area with a great view from a private deck—and a built-in elevator!

38 | Atlanta, GA

Atlanta, property

What You Can Buy: 1661 La France St NE #425

Atlanta, GA 30307

Type of Property: condo

Year Built: 2004

Square Footage: 1056

Lot Size: 1056

Number of Bedrooms: 1

Number of Bathrooms: 1 1/2

In Atlanta, you can get a hip loft that would cost you a fortune in New York. It's a bit out of the way, in a quiet, friendly neighborhood, and—fun fact—was converted from an old lumber mill.

39 | Long Beach, CA

Long Beach, property

What You Can Buy: 23 N Alboni Pl

Long Beach, CA 90802

Type of Property: single family

Year Built: 1920

Square Footage: 798

Lot Size: 8276

Number of Bedrooms: 1

Number of Bathrooms: 1

Long Beach offers value—in terms of nearly oceanfront property—with this very polished one-bedroom that has lots of natural light and a downtown-adjacent location.

40 | Colorado Springs, CO

Colorado Springs, property

What You Can Buy: 2670 Charlottesville Dr

Colorado Springs, CO 80922

Type of Property: single family

Year Built: 1993

Square Footage: 2536

Lot Size: 4791

Number of Bedrooms: 4

Number of Bathrooms: 4

This offers a lot of value in terms of space, but is on the eastern outskirts of the city. (Also, most of the internal fixtures could use an update.)

41 | Raleigh, NC

Raleigh, property

What You Can Buy: 9506 Vira Dr

Raleigh, NC 27617

Type of Property: townhouse

Year Built: 2003

Square Footage: 2170

Lot Size: 3049

Number of Bedrooms: 3

Number of Bathrooms: 2 1/2

This sizable home comes with a beautiful, modern kitchen—complete with state-of-the-art fixtures—in an peaceful, quiet neighborhood.

42 | Miami, FL

Miami, property

What You Can Buy: 11111 Biscayne Blvd #1815

Miami, FL 33181

Type of Property: condo

Year Built: 1968

Square Footage: 1408

Lot Size: 1408

Number of Bedrooms: 2

Number of Bathrooms: 2

In Miami, you get a two-bedroom condo with breathtaking views of the bay area—and a painfully tacky carpet.

43 | Virginia Beach, VA

Virginia Beach, property

What You Can Buy: 4476 Salem Springs Way

Virginia Beach, VA 23456

Type of Property: townhouse

Year Built: 2002

Square Footage: 1842

Lot Size: 1842

Number of Bedrooms: 3

Number of Bathrooms: 2 1/2

Virginia Beach offers a ton of value with this well-maintained house that comes with great fixtures and a quality outdoor space.

44 | Omaha, NE

Omaha, property

What You Can Buy: 6412 S 91st Avenue Cir

Omaha, NE 68127

Type of Property: single family

Year Built: 1986

Square Footage: 3625

Lot Size: 0.32 acres

Number of Bedrooms: 4

Number of Bathrooms: 5

This Nebraska home is perfect for a huge family: lots of space, a three-car garage, heated floors—for those cold winter evenings—and a vaunted living room.

45 | Oakland, CA

Oakland, property

What You Can Buy: 2531 Wallace St

Oakland, CA 94606

Type of Property: single family

Year Built: 2017

Square Footage: 1937

Lot Size: 2613

Number of Bedrooms: 4

Number of Bathrooms: 4

This spacious unit is in the Highland Terrace neighborhood of Oakland and offers a far fairer value compared to prices across the bay.

46 | Minneapolis, MN

Minneapolis, property

What You Can Buy: 416 Broadway St NE

Minneapolis, MN 55413

Type of Property: multi family

Year Built: 1900

Square Footage: 2322

Lot Size: 4392

Number of Bedrooms: 2

Number of Bathrooms: 2

This is a very under-maintained property, but primely located in the up-and-coming neighborhood of Northeast Minneapolis. With the right improvements, a new owner could boost its value through the roof.

47 | Tulsa, OK

Tulsa, property

What You Can Buy: 4322 E 79th Pl

Tulsa, OK 74136

Type of Property: single family

Year Built: 1976

Square Footage: 3579

Lot Size: 10454

Number of Bedrooms: 5

Number of Bathrooms: 3 1/2

Tulsa offers a great property in pristine condition with an impressively large yard, located in a quiet suburb offering a very charming interior and great amenities.

48 | Arlington, TX

Arlington, property

What You Can Buy: 1307 Crest Glen Dr

Arlington, TX 76002

Type of Property: single family

Year Built: 2002

Square Footage: 2813

Lot Size: 8276

Number of Bedrooms: 4

Number of Bathrooms: 3 1/2

You can pick up a 4-bed in sunny Arlington that comes with a huge back yard and plenty of indoor space. But be warned: it comes with some outdated kitchen and bathroom fixtures.

49 | New Orleans, LA

New Orleans, property

What You Can Buy: 3511 Rue Michelle

New Orleans, LA 70131

Type of Property: single family

Year Built: n/a

Square Footage: 3138

Lot Size: 8625

Number of Bedrooms: 4

Number of Bathrooms: 3 1/2

This is a well-preserved colonial in a good area on a quiet street in Bocage, with a huge backyard, a covered patio, and plenty of green space.

50 | Wichita, KS

Wichita, property

What You Can Buy: 2507 N Cranbrook Ct

Wichita, KS 67226

Type of Property: single family

Year Built: 1994

Square Footage: 3553

Lot Size: 0.28 acres

Number of Bedrooms: 5

Number of Bathrooms: 3

Wichita offers this truly enormous home with beautiful backyard that ends in a private tree line. If you're looking to expand a little bit more than this, here are The 50 Best Cities in the U.S. for Buying a Mansion.

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