Property affordability across the USA

Real Estate dollar house background

One of the indicators that represent American economy’s health are the real estate prices that allows to owning a house. However, real estate prices may vary significantly across the country.

If you are thinking about buying a new house, there are some factors that you will be probably interested to know such as the average price of real estate per foot in the place you plan on living and the states with the highest equity gains.

Highest Median List Price of Real Estate Per Square Foot

  1. New York – Manhattan

New york is the highest price of real estate per square foot in the whole country, being $1,397/ square foot. This price is 1247.3% higher than the national average.

  1. California – San Francisco

The second higher rate is California, with a price of real estate per square foot of $722. This price is 644.6% higher than the national average.

  1. Hawaii – Honolulu

Finally, the last one is Hawaii, with a price of real estate per square foot of $577. This price is 515.2& higher than the national average.

Lowest Median List Price of Real Estate Per Square Foot

  1. Michigan Flint

The lowest median list price of real estate per square foot in the whole country, being about $12. This is 10.7% of the national average.

  1. Pennsylvania – Harrisburg

Having a median list price of real estate of $42 per square foot, Pennsylvania is the second state with the lowest price in the country. Its national average is 36,6%.

  1. New Jersey – Tenton & Ohio – Cleveland

Both cities have a median list price of real estate of $45 per square foot, and a national average of 40,2%.

Most Average City

  1. Colorado – Colorado Springs

Colorado has a median list price of real estate of $112 per square foot, and its national average is 100,0%.

In order to have a look at the 50 states in a general sense, we will divide it in 9 regions and make a price average for each one. One thing you might have to know before keep reading is that in January 2014 the United States Median List Price of Real Estate Per Square Foot was $112/square foot.

usa regiones

Regions

        1. Norteast.

  • Average price: $198,52/squarefoot. National average 170,90%.
  • Lowest price: $41/squarefoot. National average 36,6% – Harrisburg.
  • Highest price: $1,397/square foot. National average 1247.3% – New York.
  1. Central East.
  • Average price: $122,09/squarefoot. National average 109,01%.
  • Lowest price: $53/squarefoot. National average 47,3% – Memphis.
  • Highest price: $425/square foot. National average 379,5% – Washington D.C.

         3. Southeast

  • Average price: $108,53/squarefoot. National average 193,8%.
  • Lowest price: $51/squarefoot. National average 45,5% – Montgomery.
  • Highest price: $364/square foot. National average 325,0% – Miami.
  1. East North Central.
  • Average price: $93,20/squarefoot. National average 83,22%.
  • Lowest price: $12/squarefoot. National average 10,7% – Flint.
  • Highest price: $170/square foot. National average 151,8% – Ann Arbor.
  1. West North Central.
  • Average price: $112,65/squarefoot. National average 100,61%.
  • Lowest price: $77/squarefoot. National average 68,8% – Topeka & Kansas City.
  • Highest price: $187/square foot. National average 166,9% – Bismarck.
  1. South Central.
  • Average price: $103,66/squarefoot. National average 92,55%.
  • Lowest price: $74/squarefoot. National average 66,1% – Fort Smith.
  • Highest price: $156/square foot. National average 139,3% – Austin.

        7. Mountain.

  • Average price: $147,64/squarefoot. National average 123,04%.
  • Lowest price: $71/squarefoot. National average 63,4% – Idaho Falls.
  • Highest price: $299/square foot. National average 266,9% – Seattle.

        8. Southwest.

  • Average price: $147,64/squarefoot. National average 123,04%.
  • Lowest price: $71/squarefoot. National average 63,4% – Idaho Falls.
  • Highest price: $299/square foot. National average 266,9% – Seattle.
  1. Non Contiguous.
  • Average price: $296,6/squarefoot. National average 264,82%.
  • Lowest price: $127/squarefoot. National average 113,4% – Fairbanks.
  • Highest price: $577/square foot. National average 515,2% – Honolulu.

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