Almost 90% of renters within the U.S. wish to purchase a house — however they can not afford it, in response to analysis from CNN.
House costs rose 3.4% from December 2023 to December 2024 and can improve one other 4.1% by December 2025, per a latest home-price evaluation from CoreLogic.
The median worth for an current house (not new development) was $404,500 as of September 2024, the Nationwide Affiliation of Realtors reported, although actual property prices range significantly nationwide.
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Should you’re among the many roughly 15% of Individuals out there for a brand new home, you may be questioning simply how a lot house you possibly can afford.
A latest GOBankingRates evaluation breaks it down. The report sourced the Federal Reserve of St. Louis to seek out the median itemizing worth per sq. foot of houses within the U.S. and every state’s housing value index, calculating the value per sq. foot.
GOBankingRates’ analysis revealed {that a} $300,000 price range will purchase you as much as 1,500 sq. ft in houses throughout 25 states and that West Virginia is the one state the place $300,000 should purchase a greater than 2,000-square-foot house (2,185 sq. ft).
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Learn on for GOBankingRates’ full evaluation of what house consumers with $300,000, $400,000 and $500,000 budgets can afford throughout the nation:
1. West Virginia
- Sq. ft for $300,000: 2,185
- Sq. ft for $400,000: 2,913
- Sq. ft for $500,000: 3,641
- Value per sq. foot: $137
- Housing cost-of-living index: 61.3
2. Kansas
- Sq. ft for $300,000: 1,894
- Sq. ft for $400,000: 2,526
- Sq. ft for $500,000: 3,157
- Value per sq. foot: $158
- Housing cost-of-living index: 70.7
3. Alabama
- Sq. ft for $300,000: 1,876
- Sq. ft for $400,000: 2,501
- Sq. ft for $500,000: 3,126
- Value per sq. foot: $160
- Housing cost-of-living index: 71.4
4. Mississippi
- Sq. ft for $300,000: 1,855
- Sq. ft for $400,000: 2,473
- Sq. ft for $500,000: 3,092
- Value per sq. foot: $162
- Housing cost-of-living index: 72.2
5. Oklahoma
- Sq. ft for $300,000: 1,793
- Sq. ft for $400,000: 2,391
- Sq. ft for $500,000: 2,988
- Value per sq. foot: $167
- Housing cost-of-living index: 74.7
6. Arkansas
- Sq. ft for $300,000: 1,781
- Sq. ft for $400,000: 2,375
- Sq. ft for $500,000: 2,968
- Value per sq. foot: $168
- Housing cost-of-living index: 75.2
7. Iowa
- Sq. ft for $300,000: 1,776
- Sq. ft for $400,000: 2,368
- Sq. ft for $500,000: 2,960
- Value per sq. foot: $169
- Housing cost-of-living index: 75.4
8. Indiana
- Sq. ft for $300,000: 1,733
- Sq. ft for $400,000: 2,310
- Sq. ft for $500,000: 2,888
- Value per sq. foot: $173
- Housing cost-of-living index: 77.3
9. Kentucky
- Sq. ft for $300,000: 1,721
- Sq. ft for $400,000: 2,295
- Sq. ft for $500,000: 2,869
- Value per sq. foot: $174
- Housing cost-of-living index: 77.8
10. Michigan
- Sq. ft for $300,000: 1,706
- Sq. ft for $400,000: 2,275
- Sq. ft for $500,000: 2,843
- Value per sq. foot: $176
- Housing cost-of-living index: 78.5
11. Missouri
- Sq. ft for $300,000: 1,704
- Sq. ft for $400,000: 2,272
- Sq. ft for $500,000: 2,840
- Value per sq. foot: $176
- Housing cost-of-living index: 78.6
12. Georgia
- Sq. ft for $300,000: 1,691
- Sq. ft for $400,000: 2,255
- Sq. ft for $500,000: 2,818
- Value per sq. foot: $177
- Housing cost-of-living index: 79.2
13. Nebraska
- Sq. ft for $300,000: 1,685
- Sq. ft for $400,000: 2,246
- Sq. ft for $500,000: 2,808
- Value per sq. foot: $178
- Housing cost-of-living index: 79.5
14. North Dakota
- Sq. ft for $300,000: 1,678
- Sq. ft for $400,000: 2,238
- Sq. ft for $500,000: 2,797
- Value per sq. foot: $179
- Housing cost-of-living index: 79.8
15. Minnesota
- Sq. ft for $300,000: 1,668
- Sq. ft for $400,000: 2,224
- Sq. ft for $500,000: 2,780
- Value per sq. foot: $180
- Housing cost-of-living index: 80.3
16. Texas
- Sq. ft for $300,000: 1,647
- Sq. ft for $400,000: 2,196
- Sq. ft for $500,000: 2,746
- Value per sq. foot: $182
- Housing cost-of-living index: 81.3
17. Maryland
- Sq. ft for $300,000: 1,629
- Sq. ft for $400,000: 2,172
- Sq. ft for $500,000: 2,716
- Value per sq. foot: $184
- Housing cost-of-living index: 82.2
18. Tennessee
- Sq. ft for $300,000: 1,617
- Sq. ft for $400,000: 2,157
- Sq. ft for $500,000: 2,696
- Value per sq. foot: $185
- Housing cost-of-living index: 82.8
19. Pennsylvania
- Sq. ft for $300,000: 1,604
- Sq. ft for $400,000: 2,139
- Sq. ft for $500,000: 2,673
- Value per sq. foot: $187
- Housing cost-of-living index: 83.5
20. Illinois
- Sq. ft for $300,000: 1,591
- Sq. ft for $400,000: 2,121
- Sq. ft for $500,000: 2,651
- Value per sq. foot: $189
- Housing cost-of-living index: 84.2
21. Louisiana
- Sq. ft for $300,000: 1,587
- Sq. ft for $400,000: 2,116
- Sq. ft for $500,000: 2,645
- Value per sq. foot: $189
- Housing cost-of-living index: 84.4
22. Montana
- Sq. ft for $300,000: 1,583
- Sq. ft for $400,000: 2,111
- Sq. ft for $500,000: 2,638
- Value per sq. foot: $190
- Housing cost-of-living index: 84.6
23. New Mexico
- Sq. ft for $300,000: 1,577
- Sq. ft for $400,000: 2,103
- Sq. ft for $500,000: 2,629
- Value per sq. foot: $190
- Housing cost-of-living index: 84.9
24. South Carolina
- Sq. ft for $300,000: 1,550
- Sq. ft for $400,000: 2,067
- Sq. ft for $500,000: 2,584
- Value per sq. foot: $194
- Housing cost-of-living index: 86.4
25. Ohio
- Sq. ft for $300,000: 1,529
- Sq. ft for $400,000: 2,038
- Sq. ft for $500,000: 2,548
- Value per sq. foot: $196
- Housing cost-of-living index: 87.6
26. South Dakota
- Sq. ft for $300,000: 1,493
- Sq. ft for $400,000: 1,991
- Sq. ft for $500,000: 2,488
- Value per sq. foot: $201
- Housing cost-of-living index: 89.7
27. Wyoming
- Sq. ft for $300,000: 1,486
- Sq. ft for $400,000: 1,982
- Sq. ft for $500,000: 2,477
- Value per sq. foot: $202
- Housing cost-of-living index: 90.1
28. North Carolina
- Sq. ft for $300,000: 1,401
- Sq. ft for $400,000: 1,868
- Sq. ft for $500,000: 2,335
- Value per sq. foot: $214
- Housing cost-of-living index: 95.6
29. Delaware
- Sq. ft for $300,000: 1,388
- Sq. ft for $400,000: 1,850
- Sq. ft for $500,000: 2,313
- Value per sq. foot: $216
- Housing cost-of-living index: 96.5
30. Wisconsin
- Sq. ft for $300,000: 1,360
- Sq. ft for $400,000: 1,813
- Sq. ft for $500,000: 2,266
- Value per sq. foot: $221
- Housing cost-of-living index: 98.5
31. Idaho
- Sq. ft for $300,000: 1,351
- Sq. ft for $400,000: 1,802
- Sq. ft for $500,000: 2,252
- Value per sq. foot: $222
- Housing cost-of-living index: 99.1
32. Virginia
- Sq. ft for $300,000: 1,290
- Sq. ft for $400,000: 1,720
- Sq. ft for $500,000: 2,150
- Value per sq. foot: $233
- Housing cost-of-living index: 103.8
33. Nevada
- Sq. ft for $300,000: 1,254
- Sq. ft for $400,000: 1,672
- Sq. ft for $500,000: 2,090
- Value per sq. foot: $239
- Housing cost-of-living index: 106.8
34. Colorado
- Sq. ft for $300,000: 1,245
- Sq. ft for $400,000: 1,660
- Sq. ft for $500,000: 2,074
- Value per sq. foot: $241
- Housing cost-of-living index: 107.6
35. Florida
- Sq. ft for $300,000: 1,244
- Sq. ft for $400,000: 1,658
- Sq. ft for $500,000: 2,073
- Value per sq. foot: $241
- Housing cost-of-living index: 107.7
36. Rhode Island
- Sq. ft for $300,000: 1,171
- Sq. ft for $400,000: 1,561
- Sq. ft for $500,000: 1,951
- Value per sq. foot: $256
- Housing cost-of-living index: 114.4
37. New Hampshire
- Sq. ft for $300,000: 1,153
- Sq. ft for $400,000: 1,537
- Sq. ft for $500,000: 1,921
- Value per sq. foot: $260
- Housing cost-of-living index: 116.2
38. Connecticut
- Sq. ft for $300,000: 1,143
- Sq. ft for $400,000: 1,524
- Sq. ft for $500,000: 1,905
- Value per sq. foot: $263
- Housing cost-of-living index: 117.2
39. Alaska
- Sq. ft for $300,000: 1,137
- Sq. ft for $400,000: 1,516
- Sq. ft for $500,000: 1,895
- Value per sq. foot: $264
- Housing cost-of-living index: 117.8
40. Washington
- Sq. ft for $300,000: 1,057
- Sq. ft for $400,000: 1,409
- Sq. ft for $500,000: 1,762
- Value per sq. foot: $284
- Housing cost-of-living index: 126.7
41. Utah
- Sq. ft for $300,000: 1,033
- Sq. ft for $400,000: 1,377
- Sq. ft for $500,000: 1,721
- Value per sq. foot: $291
- Housing cost-of-living index: 129.7
42. Oregon
- Sq. ft for $300,000: 1,017
- Sq. ft for $400,000: 1,356
- Sq. ft for $500,000: 1,695
- Value per sq. foot: $295
- Housing cost-of-living index: 131.7
43. Vermont
- Sq. ft for $300,000: 1,006
- Sq. ft for $400,000: 1,342
- Sq. ft for $500,000: 1,677
- Value per sq. foot: $298
- Housing cost-of-living index: 133.1
44. Maine
- Sq. ft for $300,000: 986
- Sq. ft for $400,000: 1,315
- Sq. ft for $500,000: 1,644
- Value per sq. foot: $304
- Housing cost-of-living index: 135.8
45. Arizona
- Sq. ft for $300,000: 985
- Sq. ft for $400,000: 1,313
- Sq. ft for $500,000: 1,641
- Value per sq. foot: $305
- Housing cost-of-living index: 136
46. New Jersey
- Sq. ft for $300,000: 969
- Sq. ft for $400,000: 1,292
- Sq. ft for $500,000: 1,615
- Value per sq. foot: $310
- Housing cost-of-living index: 138.2
47. New York
- Sq. ft for $300,000: 787
- Sq. ft for $400,000: 1,049
- Sq. ft for $500,000: 1,311
- Value per sq. foot: $381
- Housing cost-of-living index: 170.2
48. California
- Sq. ft for $300,000: 641
- Sq. ft for $400,000: 854
- Sq. ft for $500,000: 1,068
- Value per sq. foot: $468
- Housing cost-of-living index: 209.1
49. Massachusetts
- Sq. ft for $300,000: 593
- Sq. ft for $400,000: 790
- Sq. ft for $500,000: 988
- Value per sq. foot: $506
- Housing cost-of-living index: 226
50. Hawaii
- Sq. ft for $300,000: 443
- Sq. ft for $400,000: 590
- Sq. ft for $500,000: 738
- Value per sq. foot: $678
- Housing cost-of-living index: 302.6