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
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
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