How Much Home Can You Buy for $300,000 Across the Country?

how much home can you buy for $300,000

Great location, great price, plenty of space. Meeting these three requirements may land you your dream home, but finding a property that meets all of these standards comes with its challenges, especially in rapidly growing cities such as Charlotte, NC.

With a spending budget of $300,000, purchasing a home in a state such as West Virginia or Mississippi will buy you much more living space than what the same amount would buy you in Hawaii or the District of Columbia, with the difference being thousands of square footage. If you are thinking of starting a family or already have one, those extra square feet can prove to be extremely valuable and a huge asset to consider when weighing your options in terms of location for your new home. With the U.S. median list price at $285,000 and each square foot costing an average of $152.51, you might be able to afford a bigger home if you choose to settle down in a less expensive state.

GOBankingRates used March 2019 data on median list prices to determine the amount of square footage that $300,000 can buy you in every state. This, however, does not include taxes, fees, and other homebuying costs which should also be factored in by buyers before the purchase of a home. North Carolina came in at #18 out of all 50 states on their list of the best states that will provide you with the most value for a $300,000 homebuying budget, calculating that the median list price per square foot is $132 buying you a home of 2,264sq ft with your $300,000 budget. According to Norada Real Estate Investments, the average sale price per square foot specifically in Charlotte is $142, up 10.1% since just last year.

Weighing the options of whether it is worth buying a home in a different state for more bang for your buck? Check out the list below sharing how much house you can actually afford for $300,000 in different states.

Mississippi – 3,207 sq ft.

-The median list price per square foot: $93.55

Alabama- 2,827 sq ft.

-The median list price per square foot: $106.13

Georgia– 2,521 sq ft.

-The median list price per square foot: $119

North Carolina– 2,273 sq ft.

-The median list price per square foot: $132

Virginia– 1,875 sq ft.

-The median list price per square foot: $160.01

Florida– 1,801 sq ft.

-The median list price per square foot: $166.55

Connecticut– 1,705 sq ft.

-The median list price per square foot: $175.92

New York– 1,452 sq ft.

-The median list price per square foot: $206.58

Hawaii– 570 sq ft.

-The median list price per square foot: $526.04

District of Columbia – 556 sq ft.

-The median list price per square foot: $540.01

Are you interested in learning more about life in Charlotte, NC? Our Director of Relocation, Catharine Pappas would love to hear from you and show you around the Queen City. Contact her today.