Revealed: America’s Priciest Square Footage!
Are you feeling cramped and running out of space in your current home? If square footage is a top priority for you, and you’re contemplating a move, you might be wondering where you can get the most value for your money.
Whether you’re eyeing a new state to call home or simply curious about the best options, a recent study has the answers you’re looking for. It reveals which state offers the most bang for your buck when it comes to property size and cost, especially if your job location isn’t a factor.
“When looking for a new home there are many things to consider, the local area, distance to loved ones, work opportunities, and more. However, the size of a home may be one of the most important factors, especially considering more people are working remotely. This study offers a fascinating insight into the states that offer the best value prices for space in a property, offering any potential homebuyers a clearer vision as to what a home in each state can provide.” a spokesperson for PortlandRealestate.com explained.
A new study conducted by PortlandRealEstate.com has shed light on the varying costs per square foot of property across all fifty states in the United States. The research analyzed average property sizes and prices to determine which states are the most expensive and the most affordable for potential homebuyers.
Unsurprisingly, the picturesque Hawaii tops the list as the state with the highest cost per square foot, coming in at an average of $694. This exorbitant figure can be attributed to the state’s highest average property price of $850,000, coupled with an average house size of only 1,248 square feet.
Following closely behind is California, with a cost of $425.55 per square foot. The average house price in the Golden State stands at $774,500, and the average house size is 1,820 square feet.
In third place is Massachusetts, where homebuyers can expect to spend $417.45 per square foot. The state’s average house price reaches $799,000, while the average size is 1,914 square feet.
Meanwhile, New York secures the fourth spot, with a cost per square foot of $416.33, based on an average house price of $654,475 and an average size of 1,572 square feet.
Rhode Island rounds out the top five, with a cost per square foot of $325.85. Despite having the fifth smallest property size among all states, at 1,648 square feet, Rhode Island boasts an average house price of $537,000.
The study’s findings offer crucial insights for potential homebuyers, particularly as remote work continues to impact housing preferences. Since a home’s size can be a significant factor when searching for a new place to live, the research helps individuals understand the best value prices for space in a property, aiding in the decision-making process.
For those curious about the average cost per square foot of property in other states, here is the full list.
Price Per Square Foot Listed by State from Highest to Lowest :
- Hawaii – $694
- California – $425.55
- Massachusetts – $417.45
- New York – $416.33
- Rhode Island – $325.85
- Washington – $315.38
- New Jersey – $310.26
- Montana – $309.35
- Oregon – $302.36
- Colorado – $287.11
- New Hampshire – $278.31
- Florida – $278.10
- Idaho – $262.82
- Maine – $261.59
- Connecticut – $260.28
- Arizona – $252.78
- Nevada – $246.07
- Utah – $239.14
- Vermont – $234.88
- Delaware – $226.86
- Alaska – $225.15
- Maryland – $223.45
- Virginia – $218.00
- Tennessee – $211.36
- Wisconsin – $207.64
- North Carolina – $202.96
- Minnesota – $200.66
- South Dakota – $199.99
- Wyoming – $199.46
- Iowa – $195.81
- New Mexico – $191.43
- Texas – $189.30
- Illinois – $183.20
- South Carolina – $182.87
- Georgia – $181.00
- Michigan – $180.30
- Pennsylvania – $174.65
- Alabama – $168.29
- Nebraska – $168.25
- Missouri – $165.76
- Oklahoma – $162.33
- North Dakota – $161.89
- Kentucky – $159.50
- Indiana – $154.63
- Louisiana – $152.44
- Arkansas – $152.00
- Kansas – $150.37
- Ohio – $147.73
- Mississippi – $142.00
- West Virginia – $133.72
The study serves as a valuable resource for anyone in the market for a new home, providing a comprehensive overview of the varying costs of property across the country.
This article was produced by Remodelaholic and Syndicated by Wealth of Geeks.
Cassity Kmetzsch started Remodelaholic after graduating from Utah State University with a degree in Interior Design. Remodelaholic is the place to share her love for knocking out walls, and building everything back up again to not only add function but beauty to her home. Together with her husband Justin, they have remodeled 6 homes and are working on a seventh. She is a mother of four amazing girls. Making a house a home is her favorite hobby.
