10 homes you can buy for $200,000

  • Photo courtesy of Zillow

    Want to get a sense of what the "average" American home has to offer? The $200,000 price range is a good place to start looking.

    In downtown Atlanta, $200,000 can buy a 809-square-foot condo with hardwood floors and granite countertops. In Baltimore, it can buy a 1,125-square-foot house with stainless steel appliances and a finished basement. The listings for $200,000 homes often boast recent renovations that bring these properties up-to-date with new floors, paint and appliances.

    That's not to say these homes aren't unique. Depending on where you search, $200,000 could get you a secluded log cabin or a condo with a spa-like master bath. Despite being just $1,900 less than the current national median home value, which is currently $201,900 according to Zillow, getting the most bang for your buck at this price is all about finding the right location.

    In midsize cities like Indianapolis, $200,000 could buy a 2,749-square-foot house, but in the Bronx that budget is more likely to buy a 900-square-foot apartment.

    Click ahead to see what you can buy for $200,000 in 10 cities across the country.

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.