Almost 90% of tenants in the US would love to purchase a house – but he cannot afford it, based on the research CNN.
House prices have increased by 3.4% from December 2023 to December 2024 and will increase by one other 4.1% to December 2025, based on the last price evaluation with Corelogic.
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The median prices of an existing house (not latest construction) amounted to USD 404,500 as of September 2024. National Association of Realtors Reported, although real estate costs differ significantly throughout the country.
If you are roughly 15% of Americans On the latest home market, you may wonder how much home you can afford.
Recent Bank The evaluation spreads it. The report obtained the federal reserve of St. Louis, to search out the median of auction prices for the square foot of homes in the USA and the residential cost indicator of each state, calculating the price for a square foot.
Gobankounts’ studies have shown that a budget price $ 300,000 will buy as much as 1500 square feet in homes in 25 states and that Western Virginia is the only state in which USD 300,000 can purchase a house with an area of over 2,000 square feet (2185 square feet).
Read the full Gobankrainry evaluation about what buyers of homes from USD 300,000, USD 400,000 and USD 500,000 can afford throughout the country:
1. Western Virginia
- Square feet for $ 300,000: 2185
- Square feet for $ 400,000: 2913
- Square feet for $ 500,000: 3641
- Price for a square foot: 137 USD
- Apartment cost index: 61.3
2. Kansas
- Square feet for $ 300,000: 1 894
- Square feet for $ 400,000: 2526
- Square feet for $ 500,000: 3157
- Price for a square foot: USD 158
- Apartment cost index: 70.7
3. Alabama
- Square feet for $ 300,000: $ 1,876
- Square feet for $ 400,000: $ 2501
- Square feet for $ 500,000: 3126
- Price for a square foot: USD 160
- Apartment cost index: 71.4
4. Mississippi
- Square feet for $ 300,000: 1 855
- Square feet for $ 400,000: 2473
- Square feet for $ 500,000: $ 3 092
- Price for a square foot: USD 162
- Apartment cost index: 72.2
5 .27
- Square feet for $ 300,000: 1 793
- Square feet for $ 400,000: 2391
- Square feet for $ 500,000: 2988
- Price for a square foot: USD 167
- Apartment cost index: 74.7
6. Arkansa
- Square feet for $ 300,000: 1 781
- Square feet for $ 400,000: 2375
- Square feet for $ 500,000: $ 2,968
- Price for a square foot: USD 168
- Apartment cost index: 75.2
7. Iowa
- Square feet for $ 300,000: $ 1,776
- Square feet for $ 400,000: 2368
- Square feet for $ 500,000: 2,960
- Price for a square foot: USD 169
- Apartment cost index: 75.4
8. Indiana
- Square feet for $ 300,000: 1 733
- Square feet for $ 400,000: 2310
- Square feet for $ 500,000: 2888
- Price for a square foot: 173 USD
- Apartment cost index: 77.3
9. Kentucky
- Square feet for $ 300,000: 1 721
- Square feet for $ 400,000: 2295
- Square feet for $ 500,000: 2869
- Price for a square foot: 174 USD
- Apartment cost index: 77.8
10. Michigan
- Square feet for $ 300,000: $ 1,706
- Square feet for $ 400,000: 2275
- Square feet for $ 500,000: 2843
- Price for a square foot: 176 USD
- Apartment cost index: 78.5
11. Missouri
- Square feet for $ 300,000: 1 704
- Square feet for $ 400,000: 2272
- Square feet for $ 500,000: 2840
- Price for a square foot: 176 USD
- Apartment cost index: 78.6
12. Georgia
- Square feet for $ 300,000: 1691
- Square feet for $ 400,000: 2255
- Square feet for $ 500,000: 2818
- Price for a square foot: 177 USD
- Apartment cost index: 79.2
13. Nebraska
- Square feet for $ 300,000: 1685
- Square feet for $ 400,000: 2246
- Square feet for $ 500,000: 2808
- Price for a square foot: 178 USD
- Apartment cost index: 79.5
14. North Dakota
- Square feet for $ 300,000: 1678
- Square feet for $ 400,000: 2238
- Square feet for $ 500,000: 2797
- Price for a square foot: 179 USD
- Apartment cost index: 79.8
15. Minnesota
- Square feet for $ 300,000: 1668
- Square feet for $ 400,000: 2224
- Square feet for $ 500,000: 2780
- Price for a square foot: USD 180
- Apartment cost index: 80.3
16. Texas
- Square feet for $ 300,000: 1647
- Square feet for $ 400,000: 2196
- Square feet for $ 500,000: 2746
- Price for a square foot: USD 182
- Apartment cost index: 81.3
17. Maryland
- Square feet for $ 300,000: 1629
- Square feet for $ 400,000: 2172
- Square feet for $ 500,000: 2716
- Price for a square foot: USD 184
- Apartment cost index: 82.2
18. Tennessee
- Square feet for $ 300,000: 1617
- Square feet for $ 400,000: 2157
- Square feet for $ 500,000: 2696
- Price for a square foot: USD 185
- Apartment cost index: 82.8
19. Pennsylvania
- Square feet for $ 300,000: 1604
- Square feet for $ 400,000: 2139
- Square feet for $ 500,000: 2673
- Price for a square foot: USD 187
- Apartment cost index: 83.5
20. Illinois
- Square feet for $ 300,000: 1591
- Square feet for $ 400,000: 2121
- Square feet for $ 500,000: 2651
- Price for a square foot: USD 189
- Apartment cost index: 84.2
21. Louisiana
- Square feet for $ 300,000: 1587
- Square feet for $ 400,000: 2116
- Square feet for $ 500,000: 2645
- Price for a square foot: USD 189
- Apartment cost index: 84.4
22. Montana
- Square feet for $ 300,000: 1583
- Square feet for $ 400,000: 2111
- Square feet for $ 500,000: 2638
- Price for a square foot: $ 190
- Apartment cost index: 84.6
23. New Mexico
- Square feet for $ 300,000: 1577
- Square feet for $ 400,000: 2 103
- Square feet for $ 500,000: 2629
- Price for a square foot: $ 190
- Apartment cost index: 84.9
24. South Karolina
- Square feet for $ 300,000: 1550
- Square feet for $ 400,000: $ 2,067
- Square feet for $ 500,000: $ 2,584
- Price for a square foot: USD 194
- Apartment cost index: 86.4
25. Ohio
- Square feet for $ 300,000: 1529
- Square feet for $ 400,000: 2,038
- Square feet for $ 500,000: $ 2548
- Price for a square foot: USD 196
- Apartment cost index: 87.6
26. South Dakota
- Square feet for $ 300,000: 1493
- Square feet for $ 400,000: 1991
- Square feet for $ 500,000: 2488
- Price for a square foot: 201 USD
- Apartment cost index: 89.7
27. Wyoming
- Square feet for $ 300,000: 1486
- Square feet for $ 400,000: 1982
- Square feet for $ 500,000: 2477
- Price for a square foot: 202 USD
- Apartment cost index: 90.1
28. North Karolina
- Square feet for $ 300,000: 1401
- Square feet for $ 400,000: 1 868
- Square feet for $ 500,000: 2335
- Price for a square foot: USD 214
- Apartment cost index: 95.6
29. Delaware
- Square feet for $ 300,000: 1388
- Square feet for $ 400,000: 1850
- Square feet for $ 500,000: 2313
- Price for a square foot: USD 216
- Apartment cost index: 96.5
30. Wisconsin
- Square feet for $ 300,000: 1360
- Square feet for $ 400,000: 1 813
- Square feet for $ 500,000: 2266
- Price for a square foot: USD 221
- Apartment cost index: 98.5
31. Idaho
- Square feet for $ 300,000: 1351
- Square feet for $ 400,000: 1 802
- Square feet for $ 500,000: 2252
- Price for a square foot: USD 222
- Apartment cost index: 99.1
32. Virginia
- Square feet for $ 300,000: $ 1290
- Square feet for $ 400,000: 1720
- Square feet for $ 500,000: 2150
- Price for a square foot: USD 233
- Apartment cost index: 103.8
33. Nevada
- Square feet for $ 300,000: 1254
- Square feet for $ 400,000: 1672
- Square feet for $ 500,000: $ 2 090
- Price for a square foot: USD 239
- Apartment cost index: 106.8
34. Colorado
- Square feet for $ 300,000: 1245
- Square feet for $ 400,000: 1660
- Square feet for $ 500,000: 2,074
- Price for a square foot: 241 USD
- Apartment cost index: 107.6
35. Florida
- Square feet for $ 300,000: 1244
- Square feet for $ 400,000: 1658
- Square feet for $ 500,000: $ 2,073
- Price for a square foot: 241 USD
- Apartment cost index: 107.7
36. Rhode Island
- Square feet for $ 300,000: 1171
- Square feet for $ 400,000: 1561
- Square feet for $ 500,000: 1951
- Price for a square foot: USD 256
- Apartment cost index: 114.4
37. New Hampshire
- Square feet for $ 300,000: 1153
- Square feet for $ 400,000: 1537
- Square feet for $ 500,000: 1921
- Price for a square foot: $ 260
- Apartment cost index: 116.2
38. Connecticut
- Square feet for $ 300,000: 1143
- Square feet for $ 400,000: 1524
- Square feet for $ 500,000: 1905
- Price for a square foot: $ 263
- Apartment cost index: 117.2
39. Alaska
- Square feet for $ 300,000: 1137
- Square feet for $ 400,000: 1516
- Square feet for $ 500,000: 1 895
- Price for a square foot: $ 264
- Apartment cost index: 117.8
40. Washington
- Square feet for $ 300,000: 1057
- Square feet for $ 400,000: $ 1409
- Square feet for $ 500,000: $ 1,762
- Price for a square foot: USD 284
- Apartment cost index: 126.7
41. Utah
- Square feet for $ 300,000: 1,033
- Square feet for $ 400,000: 1377
- Square feet for $ 500,000: 1 721
- Price for a square foot: USD 291
- Apartment cost index: 129.7
42. Oregon
- Square feet for $ 300,000: 1017
- Square feet for $ 400,000: 1356
- Square feet for $ 500,000: 1695
- Price for a square foot: USD 295
- Apartment cost index: 131.7
43. Vermont
- Square feet for $ 300,000: 1 006
- Square feet for $ 400,000: 1342
- Square feet for $ 500,000: 1677
- Price for a square foot: USD 298
- Apartment cost index: 133.1
44. Maine
- Square feet for $ 300,000: 986
- Square feet for $ 400,000: 1315
- Square feet for $ 500,000: 1644
- Price for a square foot: 304 USD
- Apartment cost index: 135.8
45. Arizona
- Square feet for $ 300,000: 985
- Square feet for $ 400,000: 1313
- Square feet for $ 500,000: 1641
- Price for a square foot: 305 USD
- Apartment cost index: 136
46. New Jersey
- Square feet for $ 300,000: 969
- Square feet for $ 400,000: 1292
- Square feet for $ 500,000: 1615
- Price for a square foot: USD 310
- Apartment cost index: 138.2
47. New York
- Square feet for $ 300,000: 787
- Square feet for $ 400,000: 1049
- Square feet for $ 500,000: 1 311
- Price for a square foot: 381 USD
- Apartment cost index: 170.2
48. California
- Square feet for $ 300,000: 641
- Square feet for $ 400,000: 854
- Square feet for $ 500,000: 1068
- Price for a square foot: 468 USD
- Apartment cost index: 209.1
49. Massachusetts
- Square feet for $ 300,000: 593
- Square feet for $ 400,000: 790
- Square feet for $ 500,000: 988
- Price for a square foot: USD 506
- Apartment cost index: 226
50. Hawaii
- Square feet for 300,000: 443
- Square feet for $ 400,000: 590
- Square feet for $ 500,000: 738
- Price for a square foot: USD 678
- Apartment cost index: 302.6