That number might be lower if you if live somewhere like Ohio or Michigan, but if you happen to reside in a large coastal city such as New York or San Francisco, that number will be a lot higher. In fact, it could cost you well over $1 million to purchase a home.
To compare how far the median of $200,000 goes in different places across the country, CNBC worked with Realtor.com to check out what you can get for the same price in 10 places, from California to Kansas.
Read on to see how these various cities stack up.
Year built: N/A
Price per square foot: $120
This three-bedroom, two-and-a-half bathroom home features an open kitchen, quartz counter-tops gas fireplace and 1,661 square feet. The spacious backyard includes a large deck and plenty of green space.
Year built: 1922
Price per square foot: $148
This 1,352-square-foot home features all new amenities, including new cabinetry, new granite countertops and new stainless-steel appliances. Residents can relax on the front porch or spend time outdoors in the fenced-in backyard.
Year built: 2007
Price per square foot: N/A
This three-bedroom, three-bathroom family home has an open layout, stainless-steel appliances and a fresh coat of exterior paint. The basement family room includes surround sound, perfect for movie nights.
Year built: 1950
Price per square foot: $76
This 2,640-square-foot Colonial includes three bedrooms, two-and-a-half bathrooms, hardwood floors and floor-to-ceiling windows throughout. The remodeled kitchen comes complete with a gas stove, farmhouse sink and walk-in pantry.
Year built: 2000
Price per square foot: $106
The previous owners took loving care of this 1,894-square-foot home. Inside, you'll find hardwood floors, stainless-steel appliances and a main floor laundry room. Outside, there's a grapevine-covered pergola and wraparound porch.
Year built: 1915
Price per square foot: $99
This 102-year-old home features four bedrooms, two bathrooms and just over 2,000 square feet of space. Since it's located a stone's throw from South Lindstrom Lake, residents can spend the summer months canoeing, kayaking and fishing.
Year built: 1948
Price per square foot: N/A
This Memphis home includes three bedrooms, two bathrooms, hardwood floors and a spacious open floor plan. The 7,841-square-foot lot features an open-air porch and fenced-in backyard.
Year built: 2012
Price per square foot: $109
This 1,828-square-foot home has three bedrooms, three bathrooms, stainless steel appliances and walk-in closets. Residents can entertain guests out back on the newly added deck and patio.
Year built: 2014
Price per square foot: $134
Only a few years old, this $1,496-square-foot home includes three bedrooms and two-and-a-half bathrooms. The lot stretches across almost 9,000 square feet of space, including a huge open backyard.
Year built: 1978
Price per square foot: $133
This split-level East Salina home covers 1,501 square feet of space and has four bedrooms, three bathrooms, granite countertops and an open family room. Two outdoor decks provide ample space for entertaining.
This article has been revised and updated. An earlier version incorrectly included a timeshare as a property available for sale.
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