How Much Home You Can Buy for $300,000 in Every State

Purchasing a home is likely the biggest expenditure most people will make in their lifetimes, and home prices can vary wildly from state to state. So a $300,000 home buying budget in a state such as West Virginia or Mississippi can get you much more living space than what that same bundle of cash will get you in Hawaii or California, where costs of living, particularly housing, are super high.

With the U.S. median list price at $333,910, $300,000 is just the bare minimum in some states. To help you gauge your options, GOBankingRates took March 2023 typical home values for single family residences from all states and divided it against $300,000 to see how much of a home $300,000 can buy you in each state in 2023.

Keep reading to learn how much house you can actually afford — and whether it’s worth buying a home in a different state.

• March 2023 home value: $966,277
• % of home $300K will get you: 31.05%

• March 2023 home value: $744,023
• % of home $300K will get you: 40.32%

• March 2023 home value: $576,889
• % of home $300K will get you: 52.00%

• March 2023 home value: $576,090
• % of home $300K will get you: 52.08%

• March 2023 home value: $551,616
• % of home $300K will get you: 54.39%

• March 2023 home value: $515,188
• % of home $300K will get you: 58.23%

• March 2023 home value: $491,195
• % of home $300K will get you: 61.08%

• March 2023 home value: $464,321
• % of home $300K will get you: 64.61%

• March 2023 home value: $443,447
• % of home $300K will get you: 67.65%

• March 2023 home value: $435,726
• % of home $300K will get you: 68.85%

• March 2023 home value: $430,042
• % of home $300K will get you: 69.76%

• March 2023 home value: $426,782
• % of home $300K will get you: 70.29%

• March 2023 home value: $422,844
• % of home $300K will get you: 70.95%

• March 2023 home value: $418,605
• % of home $300K will get you: 71.67%

• March 2023 home value: $398,383
• % of home $300K will get you: 75.30%

• March 2023 home value: $398,378
• % of home $300K will get you: 75.31%

• March 2023 home value: $398,211
• % of home $300K will get you: 75.34%

• March 2023 home value: $380,883
• % of home $300K will get you: 78.76%

• March 2023 home value: $364,552
• % of home $300K will get you: 82.29%

• March 2023 home value: $358,058
• % of home $300K will get you: 83.79%

• March 2023 home value: $356,466
• % of home $300K will get you: 84.16%

• March 2023 home value: $348,776
• % of home $300K will get you: 86.02%

• March 2023 home value: $333,080
• % of home $300K will get you: 90.07%

• March 2023 home value: $324,494
• % of home $300K will get you: 92.45%

• March 2023 home value: $320,972
• % of home $300K will get you: 93.47%

• March 2023 home value: $310,895
• % of home $300K will get you: 96.50%

• March 2023 home value: $307,758
• % of home $300K will get you: 97.48%

• March 2023 home value: $296,178
• % of home $300K will get you: 101.29%

• March 2023 home value: $289,570
• % of home $300K will get you: 103.60%

• March 2023 home value: $285,078
• % of home $300K will get you: 105.23%

• March 2023 home value: $281,091
• % of home $300K will get you: 106.73%

• March 2023 home value: $273,186
• % of home $300K will get you: 109.82%

• March 2023 home value: $264,573
• % of home $300K will get you: 113.39%

• March 2023 home value: $246,155
• % of home $300K will get you: 121.87%

• March 2023 home value: $244,440
• % of home $300K will get you: 122.73%

• March 2023 home value: $243,695
• % of home $300K will get you: 123.10%

• March 2023 home value: $240,439
• % of home $300K will get you: 124.77%

• March 2023 home value: $228,738
• % of home $300K will get you: 131.15%

• March 2023 home value: $222,539
• % of home $300K will get you: 134.81%

• March 2023 home value: $214,785
• % of home $300K will get you: 139.67%

• March 2023 home value: $211,548
• % of home $300K will get you: 141.81%

• March 2023 home value: $207,503
• % of home $300K will get you: 144.58%

• March 2023 home value: $203,528
• % of home $300K will get you: 147.40%

• March 2023 home value: $202,856
• % of home $300K will get you: 147.89%

• March 2023 home value: $190,235
• % of home $300K will get you: 157.70%

• March 2023 home value: $189,531
• % of home $300K will get you: 158.29%

• March 2023 home value: $183,113
• % of home $300K will get you: 163.83%

• March 2023 home value: $178,264
• % of home $300K will get you: 168.29%

• March 2023 home value: $161,582
• % of home $300K will get you: 185.66%

• March 2023 home value: $146,499
• % of home $300K will get you: 204.78%

If you’re looking for a large house on a $300,000 budget, some states have real estate markets that just won’t meet your needs. These states, including the District of Columbia, rank in the bottom 10 for getting the most bang for your buck:

• Idaho
• New Hampshire
• New Jersey
• Oregon
• Utah
• Colorado
• Washington
• Massachusetts
• California
• Hawaii

On the other hand, these are the 10 best states that will provide you with the most value for a $300,000 homebuying budget:

• West Virginia
• Mississippi
• Arkansas
• Louisiana
• Kentucky
• Oklahoma
• Iowa
• Alabama
• Ohio
• Kansas

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Jordan Rosenfeld contributed to the reporting of this article.

_{Methodology: For this support piece we took March 2023 typical home values for single family residences from all states and divided it against $300,000 to see how much of a home $300,000 can buy you in each state in 2023.}

_{All data was sourced from Zillow’s Marc 2023 set and is up to date as of April 18, 2023.}