How Many Houses Can You Buy for $350,000?

We know you’re tired of thinking about how expensive houses are and how competitive the real estate market is because, frankly, so are we. But if you need to move and prioritize space for your money, it can be helpful to know how many homes you’ll get in cities across the country.

Real estate website RealtyHop recently analyzed the amount of space you can buy in major US cities if you spend $350,000, which was the national median home sale price in January 2022.

As you might expect, this money matters a lot in the South and Midwest (only $73.39 per square foot in Detroit) and barely allows you to buy a studio in places like New York and San Francisco (where you pay 1003, $18 per square foot). foot). In fact, of the 10 cities where you get the least bang for your buck, seven are in California.

Top 10 cities with the most space under $350k

1. Detroit, Michigan: 4769 sq. ft.
2. Birmingham, Alabama: 4,631 sq. foot.
3. Cleveland, Ohio: 3907 sq. ft.
4. Lubbock, Texas: 3569 sq. ft.
5. Wichita, Kansas: 3475 sq. ft.
6. Buffalo, New York: 3274 sq. ft.
7. Fort Wayne, Indiana: 3234 sq. ft.
8. Laredo, TX: 2842 sq. ft.
9. Baton Rouge, Louisiana: 2784 sq. ft.
10. El Paso, Texas: 2742 sq. ft.

Top 10 cities with the smallest space under $350k

1. San Francisco, California: 349 sq. ft.
2. New York, NY: 404 sq. ft.
3. Fremont, California: 428 sq. ft.
4. Boston, Massachusetts: 477 sq. ft.
5. San Jose, California: 478 sq. ft.
6. Irvine: California: 528 sq. ft.
7. Honolulu, Hawaii: 532 sq. ft.
8. Los Angeles, California: 538 sq. ft.
9. San Diego, California: 540 sq. ft.
10. Oakland, California: 581 sq. foot.

This is obviously a generalization, as prices vary from area to area in the same city and can be higher or lower depending on a number of other factors. But this data reflects exactly what you would expect from the relationship between cost and size of a home in desirable locations around the country.

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