Nearly 90% of renters successful the U.S. would for illustration to buy a home — but they can't spend it, according to investigation from CNN.
Home prices roseate 3.4% from December 2023 to December 2024 and will summation different 4.1% by December 2025, per a caller home-price study from CoreLogic.
The median value for an existing location (not caller construction) was $404,500 arsenic of September 2024, the National Association of Realtors reported, though real property costs alteration considerably nationwide.
Related: You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.
If you're among the astir 15% of Americans successful the marketplace for a caller house, you mightiness beryllium wondering conscionable really overmuch location you tin afford.
A caller GOBankingRates study breaks it down. The study originated the Federal Reserve of St. Louis to find the median listing value per quadrate ft of homes successful the U.S. and each state's lodging costs index, calculating the value per quadrate foot.
GOBankingRates' investigation revealed that a $300,000 fund will bargain you up to 1,500 quadrate feet successful homes crossed 25 states and that West Virginia is the only authorities wherever $300,000 tin acquisition a much than 2,000-square-foot location (2,185 quadrate feet).
Related: This Is How Much You Need to Earn to Buy a House successful the U.S., According to a New Report
Read connected for GOBankingRates' complete study of what location buyers pinch $300,000, $400,000 and $500,000 budgets tin spend crossed the country:
1. West Virginia
- Square feet for $300,000: 2,185
- Square feet for $400,000: 2,913
- Square feet for $500,000: 3,641
- Price per quadrate foot: $137
- Housing cost-of-living index: 61.3
2. Kansas
- Square feet for $300,000: 1,894
- Square feet for $400,000: 2,526
- Square feet for $500,000: 3,157
- Price per quadrate foot: $158
- Housing cost-of-living index: 70.7
3. Alabama
- Square feet for $300,000: 1,876
- Square feet for $400,000: 2,501
- Square feet for $500,000: 3,126
- Price per quadrate foot: $160
- Housing cost-of-living index: 71.4
4. Mississippi
- Square feet for $300,000: 1,855
- Square feet for $400,000: 2,473
- Square feet for $500,000: 3,092
- Price per quadrate foot: $162
- Housing cost-of-living index: 72.2
5. Oklahoma
- Square feet for $300,000: 1,793
- Square feet for $400,000: 2,391
- Square feet for $500,000: 2,988
- Price per quadrate foot: $167
- Housing cost-of-living index: 74.7
6. Arkansas
- Square feet for $300,000: 1,781
- Square feet for $400,000: 2,375
- Square feet for $500,000: 2,968
- Price per quadrate foot: $168
- Housing cost-of-living index: 75.2
7. Iowa
- Square feet for $300,000: 1,776
- Square feet for $400,000: 2,368
- Square feet for $500,000: 2,960
- Price per quadrate foot: $169
- Housing cost-of-living index: 75.4
8. Indiana
- Square feet for $300,000: 1,733
- Square feet for $400,000: 2,310
- Square feet for $500,000: 2,888
- Price per quadrate foot: $173
- Housing cost-of-living index: 77.3
9. Kentucky
- Square feet for $300,000: 1,721
- Square feet for $400,000: 2,295
- Square feet for $500,000: 2,869
- Price per quadrate foot: $174
- Housing cost-of-living index: 77.8
10. Michigan
- Square feet for $300,000: 1,706
- Square feet for $400,000: 2,275
- Square feet for $500,000: 2,843
- Price per quadrate foot: $176
- Housing cost-of-living index: 78.5
11. Missouri
- Square feet for $300,000: 1,704
- Square feet for $400,000: 2,272
- Square feet for $500,000: 2,840
- Price per quadrate foot: $176
- Housing cost-of-living index: 78.6
12. Georgia
- Square feet for $300,000: 1,691
- Square feet for $400,000: 2,255
- Square feet for $500,000: 2,818
- Price per quadrate foot: $177
- Housing cost-of-living index: 79.2
13. Nebraska
- Square feet for $300,000: 1,685
- Square feet for $400,000: 2,246
- Square feet for $500,000: 2,808
- Price per quadrate foot: $178
- Housing cost-of-living index: 79.5
14. North Dakota
- Square feet for $300,000: 1,678
- Square feet for $400,000: 2,238
- Square feet for $500,000: 2,797
- Price per quadrate foot: $179
- Housing cost-of-living index: 79.8
15. Minnesota
- Square feet for $300,000: 1,668
- Square feet for $400,000: 2,224
- Square feet for $500,000: 2,780
- Price per quadrate foot: $180
- Housing cost-of-living index: 80.3
16. Texas
- Square feet for $300,000: 1,647
- Square feet for $400,000: 2,196
- Square feet for $500,000: 2,746
- Price per quadrate foot: $182
- Housing cost-of-living index: 81.3
17. Maryland
- Square feet for $300,000: 1,629
- Square feet for $400,000: 2,172
- Square feet for $500,000: 2,716
- Price per quadrate foot: $184
- Housing cost-of-living index: 82.2
18. Tennessee
- Square feet for $300,000: 1,617
- Square feet for $400,000: 2,157
- Square feet for $500,000: 2,696
- Price per quadrate foot: $185
- Housing cost-of-living index: 82.8
19. Pennsylvania
- Square feet for $300,000: 1,604
- Square feet for $400,000: 2,139
- Square feet for $500,000: 2,673
- Price per quadrate foot: $187
- Housing cost-of-living index: 83.5
20. Illinois
- Square feet for $300,000: 1,591
- Square feet for $400,000: 2,121
- Square feet for $500,000: 2,651
- Price per quadrate foot: $189
- Housing cost-of-living index: 84.2
21. Louisiana
- Square feet for $300,000: 1,587
- Square feet for $400,000: 2,116
- Square feet for $500,000: 2,645
- Price per quadrate foot: $189
- Housing cost-of-living index: 84.4
22. Montana
- Square feet for $300,000: 1,583
- Square feet for $400,000: 2,111
- Square feet for $500,000: 2,638
- Price per quadrate foot: $190
- Housing cost-of-living index: 84.6
23. New Mexico
- Square feet for $300,000: 1,577
- Square feet for $400,000: 2,103
- Square feet for $500,000: 2,629
- Price per quadrate foot: $190
- Housing cost-of-living index: 84.9
24. South Carolina
- Square feet for $300,000: 1,550
- Square feet for $400,000: 2,067
- Square feet for $500,000: 2,584
- Price per quadrate foot: $194
- Housing cost-of-living index: 86.4
25. Ohio
- Square feet for $300,000: 1,529
- Square feet for $400,000: 2,038
- Square feet for $500,000: 2,548
- Price per quadrate foot: $196
- Housing cost-of-living index: 87.6
26. South Dakota
- Square feet for $300,000: 1,493
- Square feet for $400,000: 1,991
- Square feet for $500,000: 2,488
- Price per quadrate foot: $201
- Housing cost-of-living index: 89.7
27. Wyoming
- Square feet for $300,000: 1,486
- Square feet for $400,000: 1,982
- Square feet for $500,000: 2,477
- Price per quadrate foot: $202
- Housing cost-of-living index: 90.1
28. North Carolina
- Square feet for $300,000: 1,401
- Square feet for $400,000: 1,868
- Square feet for $500,000: 2,335
- Price per quadrate foot: $214
- Housing cost-of-living index: 95.6
29. Delaware
- Square feet for $300,000: 1,388
- Square feet for $400,000: 1,850
- Square feet for $500,000: 2,313
- Price per quadrate foot: $216
- Housing cost-of-living index: 96.5
30. Wisconsin
- Square feet for $300,000: 1,360
- Square feet for $400,000: 1,813
- Square feet for $500,000: 2,266
- Price per quadrate foot: $221
- Housing cost-of-living index: 98.5
31. Idaho
- Square feet for $300,000: 1,351
- Square feet for $400,000: 1,802
- Square feet for $500,000: 2,252
- Price per quadrate foot: $222
- Housing cost-of-living index: 99.1
32. Virginia
- Square feet for $300,000: 1,290
- Square feet for $400,000: 1,720
- Square feet for $500,000: 2,150
- Price per quadrate foot: $233
- Housing cost-of-living index: 103.8
33. Nevada
- Square feet for $300,000: 1,254
- Square feet for $400,000: 1,672
- Square feet for $500,000: 2,090
- Price per quadrate foot: $239
- Housing cost-of-living index: 106.8
34. Colorado
- Square feet for $300,000: 1,245
- Square feet for $400,000: 1,660
- Square feet for $500,000: 2,074
- Price per quadrate foot: $241
- Housing cost-of-living index: 107.6
35. Florida
- Square feet for $300,000: 1,244
- Square feet for $400,000: 1,658
- Square feet for $500,000: 2,073
- Price per quadrate foot: $241
- Housing cost-of-living index: 107.7
36. Rhode Island
- Square feet for $300,000: 1,171
- Square feet for $400,000: 1,561
- Square feet for $500,000: 1,951
- Price per quadrate foot: $256
- Housing cost-of-living index: 114.4
37. New Hampshire
- Square feet for $300,000: 1,153
- Square feet for $400,000: 1,537
- Square feet for $500,000: 1,921
- Price per quadrate foot: $260
- Housing cost-of-living index: 116.2
38. Connecticut
- Square feet for $300,000: 1,143
- Square feet for $400,000: 1,524
- Square feet for $500,000: 1,905
- Price per quadrate foot: $263
- Housing cost-of-living index: 117.2
39. Alaska
- Square feet for $300,000: 1,137
- Square feet for $400,000: 1,516
- Square feet for $500,000: 1,895
- Price per quadrate foot: $264
- Housing cost-of-living index: 117.8
40. Washington
- Square feet for $300,000: 1,057
- Square feet for $400,000: 1,409
- Square feet for $500,000: 1,762
- Price per quadrate foot: $284
- Housing cost-of-living index: 126.7
41. Utah
- Square feet for $300,000: 1,033
- Square feet for $400,000: 1,377
- Square feet for $500,000: 1,721
- Price per quadrate foot: $291
- Housing cost-of-living index: 129.7
42. Oregon
- Square feet for $300,000: 1,017
- Square feet for $400,000: 1,356
- Square feet for $500,000: 1,695
- Price per quadrate foot: $295
- Housing cost-of-living index: 131.7
43. Vermont
- Square feet for $300,000: 1,006
- Square feet for $400,000: 1,342
- Square feet for $500,000: 1,677
- Price per quadrate foot: $298
- Housing cost-of-living index: 133.1
44. Maine
- Square feet for $300,000: 986
- Square feet for $400,000: 1,315
- Square feet for $500,000: 1,644
- Price per quadrate foot: $304
- Housing cost-of-living index: 135.8
45. Arizona
- Square feet for $300,000: 985
- Square feet for $400,000: 1,313
- Square feet for $500,000: 1,641
- Price per quadrate foot: $305
- Housing cost-of-living index: 136
46. New Jersey
- Square feet for $300,000: 969
- Square feet for $400,000: 1,292
- Square feet for $500,000: 1,615
- Price per quadrate foot: $310
- Housing cost-of-living index: 138.2
47. New York
- Square feet for $300,000: 787
- Square feet for $400,000: 1,049
- Square feet for $500,000: 1,311
- Price per quadrate foot: $381
- Housing cost-of-living index: 170.2
48. California
- Square feet for $300,000: 641
- Square feet for $400,000: 854
- Square feet for $500,000: 1,068
- Price per quadrate foot: $468
- Housing cost-of-living index: 209.1
49. Massachusetts
- Square feet for $300,000: 593
- Square feet for $400,000: 790
- Square feet for $500,000: 988
- Price per quadrate foot: $506
- Housing cost-of-living index: 226
50. Hawaii
- Square feet for $300,000: 443
- Square feet for $400,000: 590
- Square feet for $500,000: 738
- Price per quadrate foot: $678
- Housing cost-of-living index: 302.6
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