How Much House Can You Buy for $300,000?

By Susanne Dwyer

Have $300k to drop on a house? You won’t be surprised to know that how much house you can get for that price tag varies wildly across the country. From a 165-square-foot studio in Manhattan to a 4,478-square-foot mansion in Memphis, your new home’s location will tell what bang you’re getting for your buck.

Check out the deets from a new Point2Homes study that compares what you can get for $300,000 in America’s top 50 cities.

  • You could buy 1,700-square-foot homes in all of New York City’s outer boroughs (plus one in Los Angeles) for the price of one home of equal size in Manhattan.
  • You could buy 1,700-square-foot homes in five major cities in neighboring states for the price of one home of equal size in San Francisco (and still have cash for a sports car left over).
  • You can buy four median-sized houses in Detroit for $300,000. Or just one really huge, 7,000-square-foot mansion.
  • You can buy two median-sized homes and a 1,000-square-foot condo in Memphis for $300,000.

Source: Point2Homes

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

This was originally published on RISMedia’s blog, Housecall. Visit the blog daily for housing and real estate tips and trends. Like Housecall on Facebook and follow @HousecallBlog on Twitter.

The post How Much House Can You Buy for $300,000? appeared first on RISMedia.

From: Remax Real Estate Advice

    

Remember I am just a phone call away to help with all of your real estate needs!

Nancy Wey
281-455-2893

Remember I’m just a phone call away to help with all of your real estate needs! Nancy Wey 281-455-2893

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