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Here are eight cities where $400,000no longer stretches as far as it used to.
However, as demand rises, so do home prices.
The downside:Many homes need updates and homeowners association fees are climbing in newer developments.
The downside:Prices have skyrocketed due to high demand, but hurricane risks remain a concern.
Property taxes and insurance are rising fast.
The downside:HOA fees in new developments are sky-high, adding to the cost.
The downside:High property taxes and soaring insurance premiums after Hurricane Milton add to the expense.
Limited inventory means buyers may need to pay well above the asking price.
The downside:Many homes under $400,000 are outdated or need significant repairs.
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