Home in Houston, TX Realtor.com

When determining how much home you can buy, location matters just as much as the size of your mortgage.

Depending on where you live, $500,000 could score you a stunning mansion where you can raise the kids or even a multifamily investment property for some extra income — or you might be lucky to just get a one-bedroom condo (ahem, we're looking at you, Hawaii).

To demonstrate just how radical the difference can be, we’ve highlighted one residence in the most populated city in each state listed on Realtor.com and included its exact price, according to each listing at the time of writing.

We've broken down what each home has to offer, like square footage, number of stories, bedrooms and bathrooms and special features, like swimming pools or outdoor kitchens. We've also indicated nearby amenities and attractions, such as hospitals, stores and colleges or proximity to the beach and nightlife.

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