A 1,500-square-foot home can range from affordable to expensive, depending on where in the U.S. it’s located, Business Insider reports.
Among the 25 largest U.S. metros, the most expensive prices for a median 1,500-square-foot home were in San Francisco, where homes clocked in at a whopping $1,292,566. Other expensive markets included San Jose, Calif., ($855,973), Seattle ($689,917), and New York ($625,931).
The least expensive of the top 25 cities was Detroit, where the median 1,500-square-foot home cost only ($47,241). Other affordable options were Memphis ($83,135), El Paso, Texas ($116,098), and Indianapolis ( $118,454).
Advertisement
Related Stories
Design
What Gen-Z Buyers Really Want in a Home
The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?
Building Materials
Lumber Leads Building Materials Prices Higher in March
Overall, the cost of building materials rose during March, with softwood lumber, gypsum products, and concrete all seeing price increases. Only steel mill materials saw price drops
Demographics
Post-Pandemic Trends: Working From Home
A greater share of workers are still working from home than before the pandemic and they're concentrated in the information, professional, and financial services sectors