How Much House Can You Get for $300,000 in the Top 50 Cities in the US?
Let’s take a moment to think what makes a house valuable. Is it “location-location-location,” finishes and amenities, or is it size? If your mind is set on a certain city or area, location rules supreme, but where’s the sense in living there, even in a top-of-the-line home, if you barely have room to get out of bed? That is, if you can even fit a bed inside. Don’t believe the hype – size does matter!
Say your mortgage is somewhere around $300,000 – pretty average for the US. Would you rather live in a 165 sq. ft. Manhattan “studio” (where you get to choose between fitting in a bed or a desk), or in a 4,478 sq. ft. Memphis mansion (where you can probably dedicate an entire room to band practice)?