With home prices steadily rising, buyers are spending more for less space, and in some cases, they’re dropping nearly $1 million for fire-damaged or dilapidated homes in desirable locales. But, not all hope is lost, according to GoBankingRates latest home price analysis.

In affordable Southern markets, such as Alabama, buyers can get an average of 3,103 square feet for $300,000 — three times the space you’ll get in California (1,004 square feet) for the same amount of dough.

See where your state ranks below:


Methodology: GOBankingRates determined the median home listing price per square foot in every state and the District of Columbia, sourced from Zillow’s home price index, using the most available data as of Feb. 28, 2018. To determine how much home $300,000 buys, GOBankingRates divided $300,000 by each state’s price per square foot. Zillow did not have state-level data available for North Dakota, so GBR found the median list price per square foot from a sample of six of its largest cities — Williston, Dickinson, Fargo, Bismarck, West Fargo and Watford City.

Email Marian McPherson

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription