A $500,000 house isn’t what it used to be. Literally. In 2018, a $500K house is up to 50% smaller! Due to rapidly rising real estate prices, a dollar amount that would have once been able to purchase a large house, would now purchase a much more modest abode. All across the United States, a $500K home has become much smaller. The state with the biggest change is Montana where a $500K house has become 50.15% smaller in the past 5 years and the state with the smallest change is Maryland where a $500K house has become 22.42% smaller. It’s a huge change for such a small number of years, regardless of which state you’re looking to purchase a house in. Are you curious how much smaller a $500,000 house has become in your state? Look no further than this incredible new graphic from BuilderPad.com and you might be surprised at how much the real estate market has changed.
