Buying a House? Here’s What $300k, $400k or $500k | Global Market News

Shopping for a Home? This is What $300k, $400k or $500k | World Market Information

Practically 90% of renters within the U.S. want to buy a home — however they cannot afford it, in line with analysis from CNN.House costs rose 3.4% from December 2023 to December 2024 and can increase one other 4.1% by December 2025, per a latest home-price evaluation from CoreLogic.The median price for an current home (not new construction) was $404,500 as of September 2024, the Nationwide Affiliation of Realtors reported, although real estate prices fluctuate significantly nationwide.

Associated: You Have One Month Left to Purchase a Home, Based on Barbara Corcoran. This is Why.For those who’re among the many roughly 15% of Individuals within the market for a new home, you is perhaps questioning simply how a lot home you’ll be able to afford.

A latest GOBankingRates evaluation breaks it down. The report sourced the Federal Reserve of St. Louis to search out the median itemizing price per sq. foot of properties within the U.S. and every state’s housing value index, calculating the price per sq. foot.GOBankingRates’ analysis revealed that a $300,000 price range will buy you up to 1,500 sq. toes in properties throughout 25 states and that West Virginia is the one state the place $300,000 should purchase a more than 2,000-square-foot home (2,185 sq. toes).Associated: This Is How A lot You Have to Earn to Purchase a Home within the U.S., Based on a New ReportRead on for GOBankingRates’ full evaluation of what home consumers with $300,000, $400,000 and $500,000 budgets can afford throughout the nation:1. West Virginia

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Sq. toes for $300,000: 2,185

Sq. toes for $400,000: 2,913

Sq. toes for $500,000: 3,641

Worth per sq. foot: $137

Housing cost-of-living index: 61.3

2. Kansas

Sq. toes for $300,000: 1,894

Sq. toes for $400,000: 2,526

Sq. toes for $500,000: 3,157

Worth per sq. foot: $158

Housing cost-of-living index: 70.7

3. Alabama

Sq. toes for $300,000: 1,876

Sq. toes for $400,000: 2,501

Sq. toes for $500,000: 3,126

Worth per sq. foot: $160

Housing cost-of-living index: 71.4

4. Mississippi

Sq. toes for $300,000: 1,855

Sq. toes for $400,000: 2,473

Sq. toes for $500,000: 3,092

Worth per sq. foot: $162

Housing cost-of-living index: 72.2

5. Oklahoma

Sq. toes for $300,000: 1,793

Sq. toes for $400,000: 2,391

Sq. toes for $500,000: 2,988

Worth per sq. foot: $167

Housing cost-of-living index: 74.7

6. Arkansas

Sq. toes for $300,000: 1,781

Sq. toes for $400,000: 2,375

Sq. toes for $500,000: 2,968

Worth per sq. foot: $168

Housing cost-of-living index: 75.2

7. Iowa

Sq. toes for $300,000: 1,776

Sq. toes for $400,000: 2,368

Sq. toes for $500,000: 2,960

Worth per sq. foot: $169

Housing cost-of-living index: 75.4

8. Indiana

Sq. toes for $300,000: 1,733

Sq. toes for $400,000: 2,310

Sq. toes for $500,000: 2,888

Worth per sq. foot: $173

Housing cost-of-living index: 77.3

9. Kentucky

Sq. toes for $300,000: 1,721

Sq. toes for $400,000: 2,295

Sq. toes for $500,000: 2,869

Worth per sq. foot: $174

Housing cost-of-living index: 77.8

10. Michigan

Sq. toes for $300,000: 1,706

Sq. toes for $400,000: 2,275

Sq. toes for $500,000: 2,843

Worth per sq. foot: $176

Housing cost-of-living index: 78.5

11. Missouri

Sq. toes for $300,000: 1,704

Sq. toes for $400,000: 2,272

Sq. toes for $500,000: 2,840

Worth per sq. foot: $176

Housing cost-of-living index: 78.6

12. Georgia

Sq. toes for $300,000: 1,691

Sq. toes for $400,000: 2,255

Sq. toes for $500,000: 2,818

Worth per sq. foot: $177

Housing cost-of-living index: 79.2

13. Nebraska

Sq. toes for $300,000: 1,685

Sq. toes for $400,000: 2,246

Sq. toes for $500,000: 2,808

Worth per sq. foot: $178

Housing cost-of-living index: 79.5

14. North Dakota

Sq. toes for $300,000: 1,678

Sq. toes for $400,000: 2,238

Sq. toes for $500,000: 2,797

Worth per sq. foot: $179

Housing cost-of-living index: 79.8

15. Minnesota

Sq. toes for $300,000: 1,668

Sq. toes for $400,000: 2,224

Sq. toes for $500,000: 2,780

Worth per sq. foot: $180

Housing cost-of-living index: 80.3

16. Texas

Sq. toes for $300,000: 1,647

Sq. toes for $400,000: 2,196

Sq. toes for $500,000: 2,746

Worth per sq. foot: $182

Housing cost-of-living index: 81.3

17. Maryland

Sq. toes for $300,000: 1,629

Sq. toes for $400,000: 2,172

Sq. toes for $500,000: 2,716

Worth per sq. foot: $184

Housing cost-of-living index: 82.2

18. Tennessee

Sq. toes for $300,000: 1,617

Sq. toes for $400,000: 2,157

Sq. toes for $500,000: 2,696

Worth per sq. foot: $185

Housing cost-of-living index: 82.8

19. Pennsylvania

Sq. toes for $300,000: 1,604

Sq. toes for $400,000: 2,139

Sq. toes for $500,000: 2,673

Worth per sq. foot: $187

Housing cost-of-living index: 83.5

20. Illinois

Sq. toes for $300,000: 1,591

Sq. toes for $400,000: 2,121

Sq. toes for $500,000: 2,651

Worth per sq. foot: $189

Housing cost-of-living index: 84.2

21. Louisiana

Sq. toes for $300,000: 1,587

Sq. toes for $400,000: 2,116

Sq. toes for $500,000: 2,645

Worth per sq. foot: $189

Housing cost-of-living index: 84.4

22. Montana

Sq. toes for $300,000: 1,583

Sq. toes for $400,000: 2,111

Sq. toes for $500,000: 2,638

Worth per sq. foot: $190

Housing cost-of-living index: 84.6

23. New Mexico

Sq. toes for $300,000: 1,577

Sq. toes for $400,000: 2,103

Sq. toes for $500,000: 2,629

Worth per sq. foot: $190

Housing cost-of-living index: 84.9

24. South Carolina

Sq. toes for $300,000: 1,550

Sq. toes for $400,000: 2,067

Sq. toes for $500,000: 2,584

Worth per sq. foot: $194

Housing cost-of-living index: 86.4

25. Ohio

Sq. toes for $300,000: 1,529

Sq. toes for $400,000: 2,038

Sq. toes for $500,000: 2,548

Worth per sq. foot: $196

Housing cost-of-living index: 87.6

26. South Dakota

Sq. toes for $300,000: 1,493

Sq. toes for $400,000: 1,991

Sq. toes for $500,000: 2,488

Worth per sq. foot: $201

Housing cost-of-living index: 89.7

27. Wyoming

Sq. toes for $300,000: 1,486

Sq. toes for $400,000: 1,982

Sq. toes for $500,000: 2,477

Worth per sq. foot: $202

Housing cost-of-living index: 90.1

28. North Carolina

Sq. toes for $300,000: 1,401

Sq. toes for $400,000: 1,868

Sq. toes for $500,000: 2,335

Worth per sq. foot: $214

Housing cost-of-living index: 95.6

29. Delaware

Sq. toes for $300,000: 1,388

Sq. toes for $400,000: 1,850

Sq. toes for $500,000: 2,313

Worth per sq. foot: $216

Housing cost-of-living index: 96.5

30. Wisconsin

Sq. toes for $300,000: 1,360

Sq. toes for $400,000: 1,813

Sq. toes for $500,000: 2,266

Worth per sq. foot: $221

Housing cost-of-living index: 98.5

31. Idaho

Sq. toes for $300,000: 1,351

Sq. toes for $400,000: 1,802

Sq. toes for $500,000: 2,252

Worth per sq. foot: $222

Housing cost-of-living index: 99.1

32. Virginia

Sq. toes for $300,000: 1,290

Sq. toes for $400,000: 1,720

Sq. toes for $500,000: 2,150

Worth per sq. foot: $233

Housing cost-of-living index: 103.8

33. Nevada

Sq. toes for $300,000: 1,254

Sq. toes for $400,000: 1,672

Sq. toes for $500,000: 2,090

Worth per sq. foot: $239

Housing cost-of-living index: 106.8

34. Colorado

Sq. toes for $300,000: 1,245

Sq. toes for $400,000: 1,660

Sq. toes for $500,000: 2,074

Worth per sq. foot: $241

Housing cost-of-living index: 107.6

35. Florida

Sq. toes for $300,000: 1,244

Sq. toes for $400,000: 1,658

Sq. toes for $500,000: 2,073

Worth per sq. foot: $241

Housing cost-of-living index: 107.7

36. Rhode Island

Sq. toes for $300,000: 1,171

Sq. toes for $400,000: 1,561

Sq. toes for $500,000: 1,951

Worth per sq. foot: $256

Housing cost-of-living index: 114.4

37. New Hampshire

Sq. toes for $300,000: 1,153

Sq. toes for $400,000: 1,537

Sq. toes for $500,000: 1,921

Worth per sq. foot: $260

Housing cost-of-living index: 116.2

38. Connecticut

Sq. toes for $300,000: 1,143

Sq. toes for $400,000: 1,524

Sq. toes for $500,000: 1,905

Worth per sq. foot: $263

Housing cost-of-living index: 117.2

39. Alaska

Sq. toes for $300,000: 1,137

Sq. toes for $400,000: 1,516

Sq. toes for $500,000: 1,895

Worth per sq. foot: $264

Housing cost-of-living index: 117.8

40. Washington

Sq. toes for $300,000: 1,057

Sq. toes for $400,000: 1,409

Sq. toes for $500,000: 1,762

Worth per sq. foot: $284

Housing cost-of-living index: 126.7

41. Utah

Sq. toes for $300,000: 1,033

Sq. toes for $400,000: 1,377

Sq. toes for $500,000: 1,721

Worth per sq. foot: $291

Housing cost-of-living index: 129.7

42. Oregon

Sq. toes for $300,000: 1,017

Sq. toes for $400,000: 1,356

Sq. toes for $500,000: 1,695

Worth per sq. foot: $295

Housing cost-of-living index: 131.7

43. Vermont

Sq. toes for $300,000: 1,006

Sq. toes for $400,000: 1,342

Sq. toes for $500,000: 1,677

Worth per sq. foot: $298

Housing cost-of-living index: 133.1

44. Maine

Sq. toes for $300,000: 986

Sq. toes for $400,000: 1,315

Sq. toes for $500,000: 1,644

Worth per sq. foot: $304

Housing cost-of-living index: 135.8

45. Arizona

Sq. toes for $300,000: 985

Sq. toes for $400,000: 1,313

Sq. toes for $500,000: 1,641

Worth per sq. foot: $305

Housing cost-of-living index: 136

46. New Jersey

Sq. toes for $300,000: 969

Sq. toes for $400,000: 1,292

Sq. toes for $500,000: 1,615

Worth per sq. foot: $310

Housing cost-of-living index: 138.2

47. New York

Sq. toes for $300,000: 787

Sq. toes for $400,000: 1,049

Sq. toes for $500,000: 1,311

Worth per sq. foot: $381

Housing cost-of-living index: 170.2

48. California

Sq. toes for $300,000: 641

Sq. toes for $400,000: 854

Sq. toes for $500,000: 1,068

Worth per sq. foot: $468

Housing cost-of-living index: 209.1

49. Massachusetts

Sq. toes for $300,000: 593

Sq. toes for $400,000: 790

Sq. toes for $500,000: 988

Worth per sq. foot: $506

Housing cost-of-living index: 226

50. Hawaii

Sq. toes for $300,000: 443

Sq. toes for $400,000: 590

Sq. toes for $500,000: 738

Worth per sq. foot: $678

Housing cost-of-living index: 302.6

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