Housing Market 2023: 10 Major Cities With the Most Affordable Homes Per Square Foot

The median sale price per square foot for new single-family homes across the U.S. was $192 in 2022, and it’s now up to $214 so far this year, according to a new report from Home Bay. In some major cities, you’ll pay significantly more — in the most expensive city, San Jose, California, the median sale price per square foot is a whopping $845. But, there are still some major U.S. cities where you’ll pay much less per square foot.

Here’s a look at the 10 major U.S. cities where you get the most home for your dollar.

• Median price per square foot: $133
• Median square footage: 1,864
• Median home sale price: $248,480

• Median price per square foot: $143
• Median square footage: 2,281
• Median home sale price: $327,275

• Median price per square foot: $147
• Median square footage: 1,636
• Median home sale price: $240,450

• Median price per square foot: $158
• Median square footage: 1,906
• Median home sale price: $300,346

• Median price per square foot: $158
• Median square footage: 2,218
• Median home sale price: $349,900

• Median price per square foot: $169
• Median square footage: 1,640
• Median home sale price: $277,697

• Median price per square foot: $170
• Median square footage: 2,062
• Median home sale price: $350,000

• Median price per square foot: $170
• Median square footage: 1,700
• Median home sale price: $289,448

• Median price per square foot: $174
• Median square footage: 1,866
• Median home sale price: $324,900

• Median price per square foot: $176
• Median square footage: 1,536
• Median home sale price: $270,000

Data is sourced from Home Bay and is accurate as of Sept. 12, 2023.

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