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How Far $400,000 Goes In America's Biggest Real Estate Markets: Trulia (PHOTOS)

First Posted: 07/24/10 12:46 PM ET   Updated: 05/25/11 06:10 PM ET

We won't bore you with that all-too familiar real estate cliche that begins with the word "location" -- but suffice to say that home buyers across the nation face some very different options.

A few examples: A home buyer in foreclosure-addled Florida can get a home with a price that's advertised as being actually lower than 1999 levels. For the same price, the eager home shopper in New York City can get a studio apartment, albeit one in a building with a doorman, an art deco lobby and access to a roof terrace.

In the interest of seeing just how far your real estate dime goes in different cities across the country, we decided to compare similarly-priced home listings in major cities like Chicago, San Francisco, Seattle and Baltimore. Not surprisingly, there was a huge variation.

Courtesy of Trulia, one of the most comprehensive real estate sites one the web, below we've compiled some of the most appealing homes you can buy for $400,000 .

Which city offers the best value? Check out the homes below. And visit Trulia for more information on these and other homes.

2525 13th Avenue S, Seattle WA -- $399,500
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One bedroom, one bath, 909 square feet

This secluded, free-standing loft home has floor-to-ceiling windows, glass doors that lead to private "zen-like" gardens, an entertainment area and parking. The home is located blocks from light rail, shops, parks and restaurants. The listing also boasts that the home was built with extensive use of glass, steel and reclaimed timber.

Check out more Seattle real estate.
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Filed by Ryan McCarthy  |