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 5 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 4 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 sq. ft. condo in Memphis for $300,000.
Source: Point2homes
