Saying you bought a $300,000 home means something completely different in California than, say, West Virginia. Where you choose to buy a home impacts the size and quality of your new digs enormously.
GOBankingRates looked at home prices and sizes across the nation to see how they stack up to the national list median list price of $160.72 per square foot, so you can learn what $300,000 will buy you in your state.
Alabama: 3,103 Square Feet
The Yellowhammer State won’t hammer your housing budget. Alabama ranks No. 5 for delivering the most square footage for the money. You’ll be able to buy 3,103 square feet of living space for $96.68 per square foot, which is 60 percent cheaper than the national average of $160.72.
Alaska: 1,806 Square Feet
If a move to the Last Frontier is in the works, $300,000 buys 1,806 square feet of living space. Expect to pay $166.11 per square foot, about $5 more than the national average. Also, the cost of living in Alaska is 31 percent higher than the national average, according to the Missouri Economic Research and Information Center.
Arizona: 2,007 Square Feet
Arizona isn’t just a great place to retire. Enjoy those legendary Arizona sunsets for $149.44 per square foot, about 7 percent less than across the nation. In Arizona, you can call 2,007 square feet home for a budget of $300,000.
Arkansas: 3,212 Square Feet
Arkansas delivers major square footage for a $300,000 budget. Here, you can spread out in a roomy 3,212 square foot home with a median list price of $93.41 per square foot.
California: 1,004 Square Feet
California is the third-most expensive place in the nation to buy a home, offering just 1,004 square feet for $300,000. The average list price per square foot comes in at $298.95. It’s no surprise that the most expensive real estate is located in cities and towns along the Golden State’s Pacific coastline, with San Francisco to San Jose rolling out median list prices from $1 million to $1.3 million.
Colorado: 1,316 Square Feet
Colorado makes the bottom five when it comes to the size of home you can get for $300,000. At $227.93 per square foot, your money will buy just 1,316 square feet of living space.
Connecticut: 1,775 Square Feet
Your $300,000 budget will buy 5 percent less home than it would on average across the U.S. Expect a price tag of $169.02 per square foot and a cost of living that’s one of the top 10 most expensive states to live in, according to MERIC, at 26 percent higher than the U.S. average.
Delaware: 2,129 Square Feet
You’ll save an average of $21 per square foot over the national average when you buy a home in Delaware, with $300,000 buying you 2,129 square feet.
District of Columbia: 581 Square Feet
The District of Columbia offers the worst value for your money. A $300,000 budget buys only 581 square feet, with a median list price of $516.40 per square foot. Expenses don’t stop there — D.C. has a cost of living that exceeds the national average by 57 percent, according to MERIC, making it the second-most expensive place to live in the nation.
Florida: 1,839 Square Feet
Own a home in the Sunshine State for $163.16 per square foot median list price, which is close to but still higher than the national average. A $300,000 budget gets you 1,839 square feet of living space on average.
Georgia: 2,749 Square Feet
A home budget of $300,000 goes a long way in Georgia. At the median list price of $109.13, the state rolls out more than $60 per square foot in savings compared to the national average. Enjoy a cost of living that’s 9 percent lower than the national average once you move to the Peach State.
Hawaii: 588 Square Feet
Living the island dream comes at a high cost. Hawaii is the second-most expensive state, with list prices averaging $510.29 per square foot. It also has the highest cost of living in the nation, according to MERIC, at a whopping 88 percent above the national average.
Idaho: 2,074 Square Feet
Idaho’s median price of $144.68 per square foot is $16 per square feet below the national average. So, settle into a 2,074-square-foot home for $300,000 in the Gem State.
Illinois: 2,220 Square Feet
Illinois rolls out 16 percent lower costs per square foot than the national average, making the Prairie State one of the best places to buy a home. You’ll pick up about 2,220 square feet for the money.
Indiana: 3,114 Square Feet
The Hoosier State ranks No. 4 for the most square footage for $300,000. There’s room for the entire family to unwind in a 3,114-square-foot home, with a median list price of $96.35 per square foot.
Iowa: 2,345 Square Feet
With a median price per square foot of $127.95, Iowa has list prices that are 80 percent of the national average. That means you’ll get 2,345 square feet for $300,000.
Kansas: 2,832 Square Feet
Kansas ranks No. 9 when it comes to getting the most for $300,000. Enjoy 2,832 square feet of living with a median list price of $105.94 per square foot.
Kentucky: 2,836 Square Feet
Keep more green in your wallet when you buy a $300,000 home in the Bluegrass State for a median list price of $105.80. Your budget will buy a spacious 2,836 square feet, and the state ranks No. 8 for the most house for the money.
Louisiana: 2,584 Square Feet
New Orleans tops the chart as one of the best places to own investment property in the U.S., and it’s a steal when it comes to home prices, too. Get 2,584 square feet for a $300,000 budget at pricing that averages $116.09 per square foot.
Maine: 1,920 Square Feet
Bordering one of the best countries to retire in, Maine gives home buyers 1,920 square feet for a $300,000 budget. The median list price is $156.25, roughly $5 per square foot below the national average.
Maryland: 1,707 Square Feet
Your money won’t go as far when you buy a home with a $300,000 budget in Maryland. The price point delivers 1,707 square feet with a median list price of $175.78 per square feet.
Massachusetts: 1,246 Square Feet
The Bay State ranks No. 4 in the nation as the place where $300,000 won’t buy much. At $240.81 per square foot, Massachusetts serves up just 1,246 square feet for the money.
Michigan: 2,517 Square Feet
Michigan ranks in the top four when it comes to states where your retirement nest egg will last the longest. It’s also an excellent choice for buying a home with $300,000. Your budget will get you 2,517 square feet with a median list price of just $119.19 per square feet.
Minnesota: 1,771 Square Feet
Minneapolis’ median list price of $169.37 per square foot is about $8 above the national average, yielding just 1,771 square feet for the money.
Mississippi: 3,290 Square Feet
Throw away your snow shovel when you move to Mississippi. The state ranks second in the nation for getting the most for $300,000. You’ll get 3,290 square feet of living space for a median per-square-foot list price of $91.17.
Missouri: 2,813 Square Feet
Rounding out the top 10 best places to buy a home for $300,000, Missouri delivers 2,813 square feet of house for the money at a median list price per square foot of $106.67.
Montana: 1,637 Square Feet
The Big Sky State isn’t a place to find significant home values. A budget of $300,000 buys 1,637 square feet at a price of $183.28 per square foot, ranking Montana as No. 41.
Nebraska: 2,270 Square Feet
At $132.17 per square foot, $300,000 yields a 2,270-square-foot home in Nebraska. That’s a savings of 18 percent from the national average.
Nevada: 1,867 Square Feet
The median list price of $160.71 is just a penny cheaper than the national median list price per square foot. Get 1,867 square feet for a budget of $300,000.
New Hampshire: 1,902 Square Feet
Pay roughly $2 less per square foot than the national average when buying a home in New Hampshire, where $300,000 gets you 1,902 square feet.
New Jersey: 1,791 Square Feet
Expect to pay $167.53 per square foot for a home in New Jersey. A $300,000 budget yields 1,791 square feet in the Garden State.
New Mexico: 2,353 Square Feet
Buy a home in the Land of Enchantment for 20 percent less per square foot than the national average, and move into a 2,353-square-foot home for $300,000.
New York: 1,647 Square Feet
New York City City has a median list price of more than $500,000 for all homes, and the state as a whole ranks in the bottom 10 for places where $300,000 buys the most. Get 1,647 square feet for your $300,000 tab at a median list price of $182.20 per square foot.
Looking to Rent? Here’s What an Average Apartment Costs in 50 US Cities
North Carolina: 2,418 Square Feet
North Carolina offers up 2,418 square feet for $300,000, and the median list price per square foot in the state is $124.09. The bedroom community of Cary is one of the most expensive areas in the state with a median list price of $320,900, but a home in the state capital of Raleigh comes with a mean price tag of 210,200.
North Dakota: 2,093 Square Feet
List price per square foot in North Dakota averages $143.31, which is well below the national average. North Dakotans also enjoy a cost of living that’s just below the national average at 99.7 percent, according to MERIC.
Ohio: 3,090 Square Feet
A housing budget of $300,000 buys 3,090 square feet in Ohio, placing the state at No. 6 for the best value for the money. Expect to pay a median price of $97.08 per square foot for a home in the Buckeye State.
Oklahoma: 3,024 Square Feet
The Sooner State comes in at No. 7 for offering the most square footage for $300,000. Spread out in a 3,024 square foot home at a median list price of just $99.21 per square foot in Oklahoma.
Oregon: 1,478 Square Feet
Expect to shell out $203.04 per square foot to live in the Beaver State, as a housing budget of $300,000 buys you 1,478 square feet on average. The state has a higher-than-average cost of living at just under 30 percent over the U.S. as a whole, according to MERIC.
Pennsylvania: 2,514 Square Feet
Pay $42 per square foot less than the national average when you buy a home in the Keystone State. Pennsylvania homes list for a median price of $119.31 per square foot and deliver 2,514 square feet for $300,000.
Rhode Island: 1,537 Square Feet
The mansions in Newport, Rhode Island are the state’s No.1 tourist attraction, so it’s not surprising the Ocean State ranks 48th when it comes to value per square foot. Expect 1,537 square feet for your $300,000 with prices listed at $195.24 per square foot.
South Carolina: 2,430 Square Feet
Move into a roomy 2,430 square foot home for a $300,000 budget in South Carolina. The Palmetto State has median list prices of $123.47 per square foot.
South Dakota: 2,027 Square Feet
Enjoy monumental value in the Mount Rushmore State with $300,000 delivering 2,027 square feet. The median list price in South Dakota is $148.02 per square foot.
Tennessee: 2,490 Square Feet
A $300,000 home in the Volunteer State gets you 2,490 square feet based on the median list price of $120.49 per square foot. That’s 25 percent less per square foot than the national average.
Texas: 2,474 Square Feet
“Everything’s bigger in Texas,” and that holds true for how much house you’ll get for $300,000. The median list price of $121.28 per square foot serves up a whopping 2,474 square feet and pricing close to $40 per square feet less than the national average.
Utah: 1,718 Square Feet
Utah tops the charts when it comes to the best states to look for a job, but it’s a little more expensive when it comes to how much home you’ll get for $300,000. Enjoy 1,718 square feet for the $174.61 per square foot median list price in the state.
Vermont: 1,943 Square Feet
Settle into scenic living in the Green Mountain State. Vermont median list prices of $154.43 per square foot mean you’ll get more than the national average for your money — about 1,943 square feet.
Virginia: 1,995 Square Feet
Tuck into a home in Virginia’s green Appalachian Mountains for a median list price of $150.38 per square foot. Your $300,000 budget buys 1,995 square feet in the Old Dominion State.
Washington: 1,475 Square Feet
Washington state ranks in the bottom six places for getting the most home for a $300,000 housing budget. Median list prices run $203.38 per square foot, so you’ll end up with just 1,475 square feet of space for the money.
West Virginia: 3,347 Square Feet
Get the most home for your money in West Virginia where $300,000 buys 3,347 square feet. The state has a median list price per square foot of just $89.62.
Wisconsin: 2,270 Square Feet
Wisconsin serves up value priced housing at a median list price of $132.13 per square foot. The state also rolls out a cost of living that is roughly 4 percent lower than the national average, according to MERIC.
Wyoming: 1,950 Square Feet
Invest $300,000 in a Wyoming home, and you’ll get 1,950 square feet on average. The median list price is $153.85 per square foot. It also closely parallels the average cost of living across the U.S. at 95.6 percent overall, according to MERIC.
Miniature to Mammoth: $300K Varies Greatly Nationwide
Where you choose to live might have more impact on how much house you can buy than the type of house you buy or the property itself. If you’re looking for a home of a certain size on a $300,000 budget, there are just some states that won’t be a match. If moving is an option, consider one of the many states where your housing budget can go farther.
If you’re already rooted in a pricey state, click to find out how you can afford to live in the most expensive U.S. states.
More on Real Estate
- How Much You Need to Live Comfortably in 50 Major US Cities
- Cities in Danger of a Housing Crisis — Is Yours on the List?
- Top 20 Cities Where Home Prices Are Skyrocketing
- Watch: Paying a Home Mortgage Is Actually Cheaper Than Renting in These Cities
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Methodology: GOBankingRates determined the median home listing price per square foot in every state and the District of Columbia, sourced from Zillow’s home price index, using the most available data as of Feb. 28, 2018. To determine how much home $300,000 buys, GOBankingRates divided $300,000 by each state’s price per square foot. Zillow did not have state-level data available for North Dakota, so GBR found the median list price per square foot from a sample of six of its largest cities — Williston, Dickinson, Fargo, Bismarck, West Fargo and Watford City.