US EditionPublished • loading... • Updated
How much house does $500,000 buy you in The Villages?
Home prices have more than doubled since 2014, making $500,000 less affordable and reducing the size and quality of homes buyers can purchase, Redfin data shows.
- Redfin Real Estate examined listings near the $500,000 mark in Sacramento, finding multiple properties at or just under $500,000 with varied bedrooms and square footage.
- Back in 2014, spending $500,000 on a house was generally reserved for high earners, but fast-forward to today prices have more than doubled, Redfin Real Estate found.
- Current and historical price points show how far affordability has shifted: a standard home now sells for $440,000, with starter homes approaching $300,000 versus $159,000 and $101,000 historically.
- Prices are still rising and affordability keeps dropping, making starter homes harder to find and creating a sluggish housing market, while 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, and Redfin Real Estate sometimes included listings below $500,000 to illustrate limited supply.
Insights by Ground AI
15 Articles
15 Articles
Coverage Details
Total News Sources15
Leaning Left4Leaning Right4Center4Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
To view factuality data please Upgrade to Premium
