Here's How Big Of A House $200,400 Will Buy You In Each State | HuffPost Life - Action News
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Posted: 2017-09-08T18:48:33Z | Updated: 2017-09-11T17:11:39Z Here's How Big Of A House $200,400 Will Buy You In Each State | HuffPost Life

Here's How Big Of A House $200,400 Will Buy You In Each State

Location makes a HUGE difference.
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United States real estate  values vary widely  by city and state , and this new chart shows just how much by using a measurement we can all relate to: square footage.

Researchers from Howmuch.net , a data site for understanding money, used current housing market data  to make the chart below. It shows how big of a house you can get with a $200,400 mortgage, which was the U.S. median home value as of June , according to Zillow.

The chart shows how many square feet you can get for that price in each state. States whose markets offer a better bang for your buck are green, and states with the lowest average values are pink.

Some states’ markets, like Indiana ’s, offer a relatively high average square footage (2,330 feet) for $200,400. Others, like California ’s, average just a fraction of the space (713 feet) for the same price. Check it out:

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HowMuchnet

To make their chart, Howmuch.net used Zillow’s housing market report  from June 2017. (The median home value was $200,400 then, though it’s currently up to $200,700 .) They then used Zillow’s median home price per square foot to determine how much space you’ll get for $200,400, a spokesperson for Howmuch.net told HuffPost.

The difference between some states is mind-boggling. As the site points out, even the fourth most unaffordable state in the U.S. (Massachusetts) is more than twice as affordable as Hawaii and D.C. when it comes to finding a large home for a good price.

No matter which metric you measure by, U.S. housing inequality proves to be an issue. In June, the National Low Income Housing Coalition published a viral map that showed the average full-time minimum wage worker can’t afford rent in ANY state . A Stanford report from the same month called out racial barriers to home ownership  for citizens across the nation.

Let’s hope things turn around soon.

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