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Homes: What you can buy for $250,000

Photo courtesy of Zillow

A quarter of a million dollars is a popular price point for newly-constructed properties these days.

Homes for $250,000 are a bit more expensive than the median home value in the U.S., which is currently just over $180,000, according to Zillow. In large U.S. cities like New York and Los Angeles, homebuyers may find that $250,000 properties have slightly more history. But in mid-sized markets like New Orleans and Portland, they'll probably find a lot more quarter-million-dollar houses and condos that have popped up within the last five or 10 years.

Homes for sale at this price often have features that the market has adopted as standard. Things that were once considered luxurious, like stainless steel appliances, granite countertops, kitchen islands and exposed brick, are now pretty normal with a budget between $200,000 and $300,000.

Take a look at what $250,000 will buy in 10 cities across the country.

New Orleans, Louisiana

Photo courtesy of Zillow

This two-bedroom, two-bathroom, 816-square-foot condo in the West Riverside neighborhood of New Orleans is on the market for the first time at around $240,000. It was built this year and is nearly half as expensive as the approximately $442,000 median home value in the area.

New Orleans, Louisiana

Photo courtesy of Zillow

It has a fenced-in backyard, front and back porches, marble countertops, stainless steel kitchen appliances, exposed brick and a laundry room.

Chicago, Illinois

Photo courtesy of Zillow

In the McKinley Park area of Chicago, this two-bedroom, one-bathroom condo is on the market for $250,000. The building was finished this year and has units that are for sale for the first time. This unit is a bit pricier than the median home value in the area, which is $190,500, according to Zillow.

Chicago, Illinois

Photo courtesy of Zillow

The 2,500-square-foot condo -- which is called a "live/work space" in the listing -- features 25-foot ceilings, hardwood flooring, exposed brick, stained glass, stainless steel appliances, gallery track lighting, a spa-like master bath, skylight, small deck and access to two parking spaces.

Denver, Colorado

Photo courtesy of Zillow

This four-bedroom, three-bathroom, two-story home in the Green Valley Ranch neighborhood of Denver is currently listed for $250,000. The property was first built in 2003 and last sold for $155,300 in September 2009. Its current price is in line with the $236,700 median home value in the area.

Denver, Colorado

Photo courtesy of Zillow

The house has 1,924 square feet of space and features carpeted flooring, a fenced-in backyard and two-car garage.

Austin, Texas

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In the Olympic Heights neighborhood of Austin, this four-bedroom, 2.5-bathoom, 1,870-square-foot home is on the market for $240,000. That price is close to the $233,500 median home value in the area.

Austin, Texas

Photo courtesy of Zillow

The two-story property was built in 2006 and features a two-car garage, covered patio, balcony, pantry and spa-like master bath.

Asheville, North Carolina

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This four-bedroom, two-bathroom, two-story, modern home, in the Oakley area of Asheville, North Carolina, is currently listed for $250,000. It was built this year and is on the market for the first time. The house is slightly more expensive than the median home value in the area, which is around $217,000, according to Zillow.

Asheville, North Carolina

Photo courtesy of Zillow

It has 1,753 square feet of space and features a front porch and backyard deck, laundry room, hardwood flooring, granite countertops, stainless steel appliances and a basement (the listing doesn't specify whether it's finished or unfinished).

Portland, Oregon

Photo courtesy of Zillow

This two-bedroom, two-bathroom, traditional-style home in the Madison South neighborhood of Portland is on the market for around $240,000. It was built this year and went on the market for the first time this month. The property is relatively in line with the area's median home value, which is approximately $229,000, according to Zillow.

Portland, Oregon

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It has 923 square feet of space, a front porch, fireplace, backyard shed, breakfast bar, carpeted floors, granite countertops and stainless steel appliances.

Grove City, Ohio

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In the Grove City area of Ohio, about 10 miles southwest of Columbus, this four-bedroom, 2.5-bathroom, two-story home is listed for about $244,000. It was built in 2014 and is on the market for the first time. It's considerably pricier than the $138,000 median home value in the area.

Grove City, Ohio

Photo courtesy of Zillow

The house has 2,405 square feet of space and features a two-car garage, breakfast bar, back patio, fireplace, upstairs laundry, hardwood flooring, granite countertops, stainless steel appliances and an unfinished basement. It also comes with access to a pool, fitness center and clubhouse.

New York, New York

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This two-bedroom, one-bathroom co-op in the Manhattanville area of West Harlem, New York went on the market this month for $235,000. It was last listed for $220,000 in March 2011 and, after a price reduction, was taken off the market a year later. Its current price is much less expensive than the steep median home value in the area, which exceeds $1 million.

New York, New York

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The modest sixth-floor walk-up unit features hardwood flooring, a small kitchen and radiator heat.

Los Angeles, California

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This two-bedroom, one-bathroom, 744-square-foot traditional home in South LosAngeles is currently listed for $250,000. It last sold in May for $180,000 at a foreclosure auction and went back on the market in June at its current price, which is still slightly less expensive than the approximately $315,000 median home value in the area.

Los Angeles, California

Photo courtesy of Zillow

The property features a fireplace, tiled flooring, granite countertops and covered outdoor parking.

Bozeman, Montana

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In Bozeman, Montana, this three-bedroom, 2.5-bathroom home is on the market for just over $244,000. It was built in 2014 and went on the market for the first time in April, according to Zillow. The price is right in line with the median home value in the area, which is approximately $245,000.

Bozeman, Montana

Photo courtesy of Zillow

The home has laminate and carpeted flooring, stainless steel appliances, a two-car garage, walk-in closet, patio and upstairs laundry area.

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