How Much House Can You Buy for $300,000?

Have $300k to drop on a house? You won’t be surprised to know that how much house you can get for that price tag varies wildly across the country. From a 165-square-foot studio in Manhattan to a 4,478-square-foot mansion in Memphis, your new home’s location will tell what bang you’re getting for your buck.

Check out the deets from a new Point2Homes study that compares what you can get for $300,000 in America’s top 50 cities.

  • You could buy 1,700-square-foot homes in all of New York City’s outer boroughs (plus one in Los Angeles) for the price of one home of equal size in Manhattan.
  • You could buy 1,700-square-foot homes in five major cities in neighboring states for the price of one home of equal size in San Francisco (and still have cash for a sports car left over).
  • You can buy four median-sized houses in Detroit for $300,000. Or just one really huge, 7,000-square-foot mansion.
  • You can buy two median-sized homes and a 1,000-square-foot condo in Memphis for $300,000.

<iframe src=”//e.infogr.am/e5903c6e-956d-4001-9d92-904c7e70881b?src=embed” title=”Average living area” width=”800″ height=”944″ scrolling=”no” frameborder=”0″ style=“border:none;”></iframe>

Source: Point2Homes

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

This was originally published on RISMedia’s blog, Housecall. Visit the blog daily for housing and real estate tips and trends. Like Housecall on Facebook and follow @HousecallBlog on Twitter.

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Posted on December 5, 2016 at 9:04 pm
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