Here’s What You Can Get for Under $350,000 in 5 Major Cities
In many locations across the country, having a $350,000 budget to buy a home will get you some pretty nice digs, but when you’re looking in some of the big cities that stack of cash can translate into what some people may consider a college dorm room. Interested in seeing just how far your dollar stretches in the five major cities? I asked real estate pros to show their best properties in the price range—here’s what’s on the market:
New York City
191 73rd St Apt 292
800 square feet
What you can get: Not much.
A little over $300K gets you pretty far from the city center, but it does give you more space. Still, according to Julie Thum, real estate agent with RE/MAX Elite in Bay Ridge, Brooklyn, the only property you can snag in this price range is a very small, two-bedroom co-op apartment coming in at 800 square feet. Though it comes with a nice view and an even nicer price tag, be prepared to pay up in other ways:
“The maintenance costs are very high, running $1,100-$1,200 per month which includes electric, heat, real estate taxes, and water,” Thum says.
360 W Avenue 26 #323
630 square feet
Perhaps you want to move out west to the City of Angels? You may not get more space, but you will get more amenities and closer to the downtown area.
If you’re willing to spend just a bit over $300K, you can get this studio unit, listed by Tracy Miao at Keller Williams Realty
“It’s located in a beautiful gated community and is centrally located to the 5 and 110 freeways,” says Justin Potier, branch manager at Carrington Real Estate Services in the Greater Los Angeles area. “It’s only 15 minutes to Downtown Los Angeles, fine dining, restaurants, entertainment, the Staples Center, and the Metro line.”
512 North McClurg Court #2411
965 square feet
In the Windy City, you’ll get more room than you would in New York or L.A.—and you’ll also get to be in the heart of town, living in a luxury high rise.
This one-bedroom unit is just a couple of blocks from the lakefront to the East and the Mag Mile to the west, says Darrell Scott of Luxury Living Chicago Realty. “It’s an amazing location,” he says, noting that it comes with lots of storage for the space.
He also explains that location is key. “Proximity to the lake, restaurants, shopping, grocery stores, and public transit are all very important,” said Scott. “As far as amenities go, most people that live downtown are looking for a 24-hour door person and a fitness center, which this building offers.”
9526 Winsome Lane
1,853 square feet
In Houston, your budget will get you more than you can shake a stick at—and unlike in the prior two cities, you’ll actually get your own house. This ranch style home is pretty standard for the price range, according to Gene Feigelson at RE/MAX United.
“Located in the heart of Houston, it has three bedrooms and two bathrooms and has been completely gutted and remodeled,” said Feigelson. “It has a new roof, new flooring, and an updated bathroom and kitchen. One of the nice things about this home is that it did not flood during Hurricane Harvey. This home is very competitive given its location in the Energy Corridor.”
962 N 8th St
1,217 square feet
And last, but not least, in the City of Brotherly Love, you won’t get as great of a location but you will get a good amount of space—and a completely new building. Take, for example, a nice condo at 962 North 8th Street for $300,000. Located at the new luxury building North Eighth Park, just one block from Girard Avenue, it features 24 modern units. This two-bedroom, two-bathroom unit is under new construction with an estimated completion date of summer 2019.