Urban vs. Suburban: What $300,000 Buys in 4 Major Metros

By Catherine Sherman

Should you live in the city or the suburbs? It's a common question for homebuyers looking to get the most for their housing dollar. The farther you get from metropolitan areas, the more square footage you'll likely be able to afford. But living in the city means shorter commute times, access to night life and other amenities. To help you decide which living situation might be best for you, here's a look at urban and suburban homes for sale around $300,000.

Price Comparison: Urban vs. Suburban
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Urban vs. Suburban: What $300,000 Buys in 4 Major Metros

301 Demonbreun St., Unit 909, Nashville, Tenn.
For sale: $299,900

In the country music capital, a downtown condo means you never have to miss a beat of the vibrant music scene. For just under $300,000, you can buy a one-bedroom, one-bath unit measuring 803 square feet in this contemporary sky scraper. Highlights include 10-foot ceilings, floor-to-ceiling windows, 24-hour concierge service, gym, movie theater room, sundeck and pool.

432 Fannis Circle, Gallatin, Tenn.
For sale: $279,000

Located 29 miles northeast of Nashville, Gallatin is home to top-rated primary and secondary schools. With a median home value of $147,700 -- compared to $153,400 in Nashville -- you can buy a four-bedroom, three-bath home for less than $300,000. This residence is on a prime golf course lot in Fairway Farms.

2600 W. Harmon Ave. No. 8003, Las Vegas
For sale: $304,888

After a recent $15,000 price cut, a luxury studio at the condo-hotel complex Vdara Las Vegas is available for just over $300,000. Overlooking the Vdara pool and Aria Resort, the building is in a prime location for enjoying Vegas in style.

120 S. Pointe Way, Henderson, Nev.
For sale: $319,000

Henderson is a popular suburb for families settling down in Vegas. The median list price per square foot is $188, versus $103 on average for the Las Vegas metro, but you can still buy a five-bedroom home for around $300,000. This property gets you within two miles of highly rated schools and includes a backyard pool.

3104 W Lake St. Unit 211, Minneapolis
For sale: $300,000

Steps from Lake Calhoun and less than four miles to downtown Minneapolis, this corner unit is in a prime Cedar-Isles-Dean location. According to Walk Score®, West Lake Street has good transit with many nearby public transportation options. This apartment has two bedrooms, 1.5 baths, maple hardwood floors, stainless steel appliances and a gas fireplace.

17070 Grenadier Ave, Lakeville, Minn.
For sale: $280,000

According to the Minneapolis/St. Paul Business Journal, Lakeville was voted among the Top 20 best places to live in the nation last year by CNNMoney. For $280,000, you can buy this 5-bedroom, 3-bath home, which is located near Cherry View Elementary and Lakeville North High, which both received perfect school ratings by GreatSchools.org.

1109 Euclid Ave, Charlotte, N.C.
For sale: $288,500

Charlotte boasts several popular urban neighborhoods including Dilworth with its historic bungalows and proximity to Freedom Park. It’s also a very walkable area with a slew of nearby restaurants and shops. This 1920s bungalow fits right in with an inviting front porch and a renovated interior. After a recent $11,500 price cut, it’s on the market for just over the Dilworth median home value of $286,500.

716 Balboa Court, Fort Mill, S.C.
For sale: $319,000

While the urban Charlotte neighborhoods have their appeal, several homeowners flock to suburbs like Fort Mill. Located 18.7 miles south of Charlotte, just over the state border, homes in this area have lower property taxes, making the overall cost of living less expensive, according to the Charlotte magazine. Fort Mill also reportedly has a strong sense of community. This five-bedroom new construction is on the market for $319,000.


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