ORLANDO, Fla. – This month, PropertyShark has revealed how much square footage you can get for $400,000 in major cities across America.
The study separates the chaff from the wheat, examining which metros provide larger homes for $400,000 — roughly the national median sales price.
“In many large Western and Northeastern cities, the national median sale price of $400,000 may not cover more than a small studio, whereas, in parts of the Midwest and South, the same budget could buy large homes with multiple bedrooms and comfortable living areas,” the study reads.
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Among the 100 biggest cities in the U.S., Detroit offered the most bang for your buck, with homes averaging nearly 5,000 square feet for that sales price.
But in Florida, the top-ranked city turned out to be Jacksonville, which yielded 2,241 square feet at the same price point.
“Within the Southern region, the minimum amount of space that buyers could secure for $400K sits at 755 square feet, roughly half than what they could get in the Midwest for that same budget.
In Florida, five of the state’s six largest cities fall below the national median home size of 1,820 square feet. Jacksonville is the only major Florida city where homes exceed that national benchmark.”
PropertyShark Communicaitons Specialist Alexandra Popa
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Meanwhile, the full Florida ranking is as follows:
CitySq. Ft. for $400KPrice / Sq. Ft.Median Sale PriceMedian Home SizeJacksonville2,241$178$315,0001,765 sq. ft.Port St. Lucie1,769$226$406,0001,796 sq. ft.Orlando1,710$234$385,0001,646 sq. ft.Tampa1,554$257$385,0001,496 sq. ft.St. Petersburg1,433$279$350,0001,254 sq. ft.Miami861$465$577,0001,242 sq. ft.Breaking News Alerts
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