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.
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.
