GOBankingRates answers the question on home buyers’ minds: “How much home can I afford where I live?”
In a recent study, GOBankingRates examined how much home you can buy for $300,000 in each U.S. state and the District of Columbia. The findings reveal that your money can buy nearly 3,500 sq. ft. in some states but just more than 600 sq. ft in others. Potential home buyers can look for their desired location in the article linked below to see if they’ve adequately saved for their dream house.
To find this information, GOBankingRates researched the median property listing price in every state and the District of Columbia. Each listing price was divided by $300,000 to arrive at the median list price per square foot.
States That Buy the Most Square Footage for $300,000:
- Indiana: 3,478 Square Feet
- Mississippi: 3,402 Square Feet
- Arkansas: 3,390 Square Feet
- Ohio: 3,366 Square Feet
- West Virginia: 3,360 Square Feet
- Alabama: 3,256 Square Feet
- Oklahoma: 3,175 Square Feet
- Kansas: 3,053 Square Feet
- Missouri: 3,051 Square Feet
- Georgia: 3,020 Square Feet