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

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

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 fur