Is that bad? According to NASA, "If a rocky meteoroid larger than 25 meters but smaller than one kilometer ( a little more than 1/2 mile) were to hit Earth, it would likely cause local damage to the impact area. We believe anything larger than one to two kilometers (one kilometer is a little more than one-half mile) could have worldwide effects."
So... it would really suck if it hit a populated area, though that's unlikely.