When it comes to square footage, you always want to get the most for your money. RealtyHop, a site that looks for undervalued home deals, crunched the numbers for what the national median home price of $375,000 would buy and found in Arlington that figure equates to 784 square feet.
But Arlington didn’t even rank among the worst in the nation, although it did come in among the 20 worst at No. 18, and that’s with a year-over-year price drop of 5.35 percent.
Washington, DC, ranked 14th. In the nation’s capital, $375,000 would get you 677 square feet, according to RealtyHop. DC prices are down 2.98 percent.
At the top of the list for where you get the least space is San Francisco where a buyer could get 374 square feet. Buyers are paying $961.80 per square foot in the California city, 4.12 percent less than a year ago. Eleven of the nation’s most space-constrained cities are among the 20 worst.
New York, where prices have jumped 5.84 percent, comes in at No. 2. There, $375,000 will buy 432 square feet. That’s $917.89 per square foot.
Where do you get the most space? Detroit. At $375,000, you can get 5,109 square feet. Right behind that is Birmingham, Alabama, at 4,962 square feet.
RealtyHop analyzed 1.5 million for-sale listings for the nation’s largest cities between January 2023 and March 2023 to come up with its median price per square foot and its total square footage. In its analysis, RealtyHop considered Arlington a city, not a county.
Other Virginia cities on the list all saw year-over-year price increases. Here’s what the $375,000 would buy:
- Richmond (1,779 square feet)
- Virginia Beach (1,906 square feet)
- Chesapeake (2,064 square feet)
- Norfolk (2,103 square feet)
Feature image courtesy DragonImages/stock.adobe.com
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