Skip to main content

Main Area

Main

How much house $200K can buy you in 30 major cities

  • How much house $200K can buy you in 30 major cities
    1/ Unsplash

    How much house $200K can buy you in 30 major cities

    After maintaining a somewhat steady rise for the last decade, the U.S. housing market is in a state of slowdown. And even though young job-seekers continue to flock to the nearest respective urban hub, real estate markets in various cities across the country have similarly weakened in their momentum. That’s bad news for sellers and agents, but for potential homeowners, this all might come as something of a relief. After all, urban real estate prices were getting quite high; especially in places like San Francisco that seem to remain feverishly expensive regardless of circumstance.

    Despite market trends, one thing generally holds true: $200,000 doesn’t buy as much house as it did in the immediate wake of the 2008 financial crisis. But just how much house does $200,000 buy, exactly? For the answer, Stacker headed over to Zillow, the internet’s foremost real estate database that uses nifty algorithms to track new and existing home sales across the country.

    Using Zillow research data, Stacker determined how much $200,000 could buy in certain major cities by obtaining the median listing price for a home in each city, as well as the city’s median listing price per square foot. Stacker then used that information to determine the amount of square footage of a home that $200,000 could buy there.

    From the least amount of square footage to the most, here is how much house one can get for $200,000 in 30 major cities.

    ALSO: Best cities for house flippers

  • #30. San Francisco
    2/ Franco Folini // Flickr

    #30. San Francisco

    Estimated square footage $200,000 can buy: 193 square feet

    Median listing price: $1,208,000

    Median listing price per square foot: $1,036

    No modern city encapsulates the urban boom more than San Francisco, which has undergone dramatic economic changes over the past few decades. Not only is the city just a 45-minute drive away from Palo Alto and Silicon Valley—respective homes to some of tech’s most well-known companies—but it’s a thriving economic hub on its own. Here, $200,000 will get one a meager 193 square feet of house, which is basically the size of a giant walk-in closet. 

  • #29. Boston
    3/ Paul Sableman // Flickr

    #29. Boston

    Estimated square footage $200,000 can buy: 296 square feet 

    Median listing price: $724,900

    Median listing price per square foot: $676

    An influx of young city dwellers and a lack of new construction are just two reasons as to why Boston’s real estate market has soared to epic heights in recent years. As a result, $200,000 will get someone a median 296 square feet, which means no house at all—barely a studio apartment. On the bright side, one can own a sweet parking spot for half as much.

  • #28. San Jose
    4/ David Sawyer // Flickr

    #28. San Jose

    Estimated square footage $200,000 can buy: 307 square feet 

    Median listing price: $980,000

    Median listing price per square foot: $652

    Like San Francisco, San Jose is another California city that’s seen rapid economic growth due to the tech industry—Silicon Valley being just a 17-minute drive away. Should one arrive here with $200,000 to spend on a house, they’ll be disappointed to find 307 square feet is all their budget would allow—which is equivalent to an extra-small apartment.

  • #27. Washington, DC
    5/ Abraham OFM // Wikimedia Commons

    #27. Washington, DC

    Estimated square footage $200,000 can buy: 372 square feet 

    Median listing price: $575,500

    Median listing price per square foot: $538

    There’s more money in politics now than ever before, which might help explain Washington D.C.’s exorbitant cost of living. The nation’s capital is also known as one of the best “tech cities” in the country, and where there’s new tech, there’s a hot real estate market. Meanwhile, the federal Height Act, a restrictive building-size policy dating back to 1910, is sometimes pointed to as being partly responsible for the city’s lack of available housing. Whatever the case, $200,000 is good for about 372 square feet of real estate in Washington, D.C.

  • #26. Seattle
    6/ Joe Mabel // Wikimedia Commons

    #26. Seattle

    Estimated square footage $200,000 can buy: 387 square feet 

    Median listing price: $699,985

    Median listing price per square foot: $516

    As the home to Amazon, Microsoft, and a slew of other big names in tech, Seattle is yet one more city to experience rapid economic growth in recent years. According to one report, there were 136,910 tech jobs in Seattle in 2017, with employees earning an average of $113,906 per year. For $200,000, one can potentially afford 387 square feet of property, which is about the size of a small houseboat or condo.

  • #25. Los Angeles
    7/ Joe Mabel // Wikimedia Commons

    #25. Los Angeles

    Estimated square footage $200,000 can buy: 396 square feet 

    Median listing price: $799,000

    Median listing price per square foot: $506

    While housing prices continue to rise in Los Angeles, 2018 has still brought some cooling-off periods, with the potential for more on the horizon. Nevertheless, it ranks among the most expensive places to live in the country, where one can get about 396 square feet of property for $200,000. Theoretically, that square footage is the size of a tiny house.

  • #24. San Diego
    8/ RightCowLeftCoast // Wikimedia Commons

    #24. San Diego

    Estimated square footage $200,000 can buy: 431 square feet 

    Median listing price: $689,000

    Median listing price per square foot: $464

    The average annual temperature in San Diego is a breezy 64 degrees Fahrenheit, making this Southern California city a desirable place to live for people from all walks of life. Nevertheless, San Diego has been in a slump of sorts, with lagging gross domestic product growth and a shaky housing market. Today $200,000 will reportedly fetch about 431 square feet.

  • #23. Miami
    9/ Janie Coffey // Flickr

    #23. Miami

    Estimated square footage $200,000 can buy: 469 square feet 

    Median listing price: $470,000

    Median listing price per square foot: $427

    Some scientists predict that Miami will experience chronic flooding in less than 30 years, but that hasn’t stopped people from moving there. As such, it’s a somewhat expensive place to live, where $200,000 snags about 469 square feet of property on average. The good news is that there are condos for sale at under $200,000 this very minute. The bad news is that whole “impending flood” issue.

  • #22. Denver
    10/ Zenhaus // Wikimedia Commons

    #22. Denver

    Estimated square footage $200,000 can buy: 471 square feet 

    Median listing price: $465,000

    Median listing price per square foot: $425

    Thanks to a robust, diverse economy and a low unemployment rate, Denver is the country’s fifth fastest-growing city in terms of economic growth. Meanwhile, young, educated hipsters continue to flock to Colorado’s capital in droves. As a result, living in the Mile High City has become more desirable and, naturally, more expensive. For $200,000, one can get a 471-square-foot condo.

  • #21. Minneapolis
    11/ Elkman // Wikimedia Commons

    #21. Minneapolis

    Estimated square footage $200,000 can buy: 788 square feet 

    Median listing price: $289,900

    Median listing price per square foot: $254

    Despite losing its most iconic star in 2016, the city of Minneapolis has been growing at its fastest rate since 1950. Indeed, it seems that no amount of cold winter weather is going to cool down this hot market, where $200,000 fetches about 788 square feet of property—although, there are some charming older houses for sale at under $200,000.

  • #20. Chicago
    12/ Diego Delso // Wikimeida Commons

    #20. Chicago

    Estimated square footage $200,000 can buy: 811 square feet 

    Median listing price: $319,900

    Median listing price per square foot: $247

    Arguably the foremost city in the Midwest, Chicago delivers a flourishing culture that’s offset by its thriving crime rate. However, should one stick to the safer areas, they will find an urban hub that’s as friendly as it is windy, and generally more affordable than, say, Manhattan or Los Angeles. Here in Chicago, $200,000 can buy a median 811 square feet of property, which typically equates to a roomy condo or a small house in one of the city’s less-desirable neighborhoods.  

  • #19. Atlanta
    13/ OTRS // Wikimedia Commons

    #19. Atlanta

    Estimated square footage $200,000 can buy: 840 square feet 

    Median listing price: $324,900

    Median listing price per square foot: $238

    In 2018, Atlanta is still growing—and it’s growing fast. Bolstered by affordable housing, warm weather, a high employment rate, and an increasingly diverse populace, the city continues to draw in legions of young people from all over the country. Smattered throughout the city are a range of condos and small homes, many of which come in at $200,000 or less. On average, those condos and small homes are 840 square feet in size.

  • #18. Austin
    14/ Images Money // Flickr

    #18. Austin

    Estimated square footage $200,000 can buy: 951 square feet 

    Median listing price: $388,945

    Median listing price per square foot: $210

    According to recent reports, Austin doesn’t just have the strongest economy in the state of Texas, but the strongest metropolitan economy in the entire country. A veritable hub for the young and hip, the city offers a bevy of jobs, restaurants, cultures, and festivals. It also offers about 951 square feet of property for $200,000. While there are both condos and small houses available at that size, the nicer ones in the better areas will obviously fetch a higher price.

  • #17. Dallas
    15/ A Yee // Flickr

    #17. Dallas

    Estimated square footage $200,000 can buy: 996 square feet 

    Median listing price: $385,000

    Median listing price per square foot: $201

    Look out, Austin, because Dallas is another Texas town growing at a breakneck pace, namely thanks to a thoroughly healthy job market. Presuming one doesn’t mind the occasionally sweltering heat, they can move here and find a 996-square-foot house, townhouse, or condo for $200,000, if not less.

  • #16. Nashville
    16/ Big brother914 // Wikimedia Commons

    #16. Nashville

    Estimated square footage $200,000 can buy: 1,034 square feet 

    Median listing price: $329,000

    Median listing price per square foot: $193

    Synonymous with tasty hot chicken and decades of classic country music, Nashville still knows how to draw a crowd—making it one of the strongest economies in America. With $200,000 at one’s disposal, they can afford approximately 1,034 square feet of property, including a range of nice, quaint homes.



     

  • #15. Las Vegas
    17/ Thomas Wolf // Wikimedia Commons

    #15. Las Vegas

    Estimated square footage $200,000 can buy: 1,198 square feet 

    Median listing price: $305,000

    Median listing price per square foot: $167

    After getting hit hard by the 2008 financial crisis, Las Vegas is back and stronger than ever, with a healthy real estate market to show for it. That said, the housing here is still affordable, especially when compared to a number of major cities. Should someone be up for living amid desert weather and ubiquitous slot machines, they could drop $200,000 and get about 1,198 square feet of house in return. That equates to spacious condos, elegant townhouses, and regular homes alike. A house with a pool, however, might cost a little extra.

  • #14. Phoenix
    18/ Kabugenyo // Wikicommons

    #14. Phoenix

    Estimated square footage $200,000 can buy: 1,201 square feet 

    Median listing price: $280,000

    Median listing price per square foot: $167

    For those who want to soak in that warm desert weather, but find places like Las Vegas to be a little too remote, then Phoenix is worthy of consideration. Home to over 1.6 million people, the city is currently in the midst of rapid economic growth. For $200,000, Phoenix delivers the full middle-class package, complete with a variety of picturesque homes, townhouses, and condos.

  • #13. Philadelphia
    19/ Sbacle // Wikimedia Commons

    #13. Philadelphia

    Estimated square footage $200,000 can buy: 1,207 square feet 

    Median listing price: $215,000

    Median listing price per square foot: $166

    Known as the City of Brotherly Love, Philadelphia doesn’t always live up to its built-in reputation. Nevertheless, it’s still a place that offers history, culture, cuisine, and personality in equal measure. Plus, Philly is quite affordable, with $200,000 buying a median 1,207 square feet of property. Most of that real estate comes in the form of townhouses, which seem to populate every spare corner of the city.

  • #12. Houston
    20/ Henry Han // Wikimedia Commons

    #12. Houston

    Estimated square footage $200,000 can buy: 1,251 square feet 

    Median listing price: $324,187

    Median listing price per square foot: $160

    Houston is home to the Johnson Space Center, rodeos, friendly neighbors, and museums. It’s also where the air conditioner was invented, which makes sense given the downright scorching heat. What can one buy for about $200,000 here in Houston? About 1,251 square feet of property—in other words, a full spectrum of homes, townhouses, and condos.  

  • #11. Raleigh
    21/ Bz3rk // Wikimedia Commons

    #11. Raleigh

    Estimated square footage $200,000 can buy: 1,336 square feet 

    Median listing price: $335,000

    Median listing price per square foot: $150

    With cities like San Francisco and Seattle hogging the spotlight, now might be the perfect time for aspiring coders, developers, and entrepreneurs to move to Raleigh, which has been quietly cultivating its own tech scene. And while $200,000 isn’t enough for essentially a small room in San Francisco, it can buy a full-blown three-bedroom, two-bathroom house in Raleigh. On average, that house will be approximately 1,336 square feet in size.  

  • #10. Charlotte
    22/ rossograph // Wikimedia Commons

    #10. Charlotte

    Estimated square footage $200,000 can buy: 1,388 square feet 

    Median listing price: $285,000

    Median listing price per square foot: $144

    Head west from Raleigh to arrive in Charlotte, where $200,000 is similarly good for a house of considerable size. Like Raleigh, the weather in Charlotte is nice, and the city is also an absolute haven for sports fans, being the birthplace of NASCAR and home to both the NFL’s Panthers and the NBA’s Hornets.

  • #9. Baltimore
    23/ Smallbones // Wikimedia Commons

    #9. Baltimore

    Estimated square footage $200,000 can buy: 1,444 square feet 

    Median listing price: $164,900

    Median listing price per square foot: $139

    Baltimore is a city overflowing with history, culture, and cuisine, but it’s also well-known for its violent crime rate, which apparently hasn’t changed much since the days of HBO’s “The Wire.” That might explain why the city’s housing market continues to be affordable despite the fact that Washington, D.C. is just an hour’s drive away. Baltimore mostly consists of townhouses, and some spacious, multi-leveled ones at that. For $200,000, one can currently get about 1,444 square feet of real estate, with over 2,000 residences to choose from.

  • #8. Fort Worth
    24/ Alex Butterfield // Flickr

    #8. Fort Worth

    Estimated square footage $200,000 can buy: 1,668 square feet 

    Median listing price: $254,900

    Median listing price per square foot: $120

    Everything is bigger in Texas, including the houses—which can be quite affordable in cities like Fort Worth (aka “Where the West Begins”). Here, one can score a three-bedroom, two-bathroom, 1,977 square-foot home for less than $200,000, even if the median amount of square footage for that price is 1,668. In other words: don’t be afraid to shop around.

  • #7. Jacksonville
    25/ Michael Barera // Wikimedia Commons

    #7. Jacksonville

    Estimated square footage $200,000 can buy: 1,684 square feet 

    Median listing price: $209,000

    Median listing price per square foot: $119

    Named for former President Andrew Jackson, Jacksonville sits at the northeastern end of Florida, where the St. Johns River meets the Atlantic Ocean. In addition to epic beaches and killer seafood, the city is also known for its annual Singing the Blues festival, one of the longest-running blues festivals in the country’s history. Sealing the deal is some downright affordable housing, with $200,000 being good for 1,684 square feet of property, on average.  

  • #6. San Antonio
    26/ Brent Eckley // Flickr

    #6. San Antonio

    Estimated square footage $200,000 can buy: 1,713 square feet 

    Median listing price: $236,000

    Median listing price per square foot: $117

    “Remember the Alamo!” is a phrase enshrined in Texas history, and San Antonio is where that memory—and its associated fort—is preserved. The city also hosts the NBA’s Spurs, a legion of popular restaurants, the Riverwalk tourist district, and a vibrant music scene. What’s even better is that for $200,000 in a house that’s approximately 1,713 square feet in size.

  • #5. Oklahoma City
    27/ MARELBU // Wikimedia Commons

    #5. Oklahoma City

    Estimated square footage $200,000 can buy: 1,855 square feet 

    Median listing price: $194,500

    Median listing price per square foot: $108

    Not only is Oklahoma City indisputably affordable, but it’s also one of the most recession-proof cities in the country. That means the house one buys for $200,000 today could theoretically hold its own against a market crash. Plus, it will be approximately 1,855 square feet in size, which is nothing to scoff at.

  • #4. Indianapolis
    28/ Shane Lear // Wikimedia Commons

    #4. Indianapolis

    Estimated square footage $200,000 can buy: 1,984 square feet 

    Median listing price: $162,000

    Median listing price per square foot: $101

    Another city beloved by sports fans, Indianapolis is home to the Indy 500, the Hoosiers, the Pacers, and the Colts. It’s also considered the “Crossroads of America,” with six interstate highways passing through its borders. Put this all together, and throw in a whopping 1,984-square-foot house for $200,000, and it could be a dream for a sports fanatic who enjoys road trips.



     

  • #3. El Paso
    29/ Frank Vincentz // Wikimedia Commons

    #3. El Paso

    Estimated square footage $200,000 can buy: 2,118 square feet 

    Median listing price: $169,900

    Median listing price per square foot: $94

    Perched at the foot of the Franklin Mountains and alongside the Rio Grande, is the town of El Paso, where one can get some serious bang for their buck. $200,000 will buy 2,118 square feet worth of house, on average. Meanwhile, Juárez, Mexico, is right across the river, although it may not be the safest destination for the casual traveler.

  • #2. Cleveland
    30/ Tim Evanson // Flickr

    #2. Cleveland

    Estimated square footage $200,000 can buy: 2,960 square feet 

    Median listing price: $79,900

    Median listing price per square foot: $68

    Despite losing Lebron James (twice), and suffering from a long-standing recession, Cleveland is keeping its chin up and experiencing economic growth as a result. For $200,000, one can buy a whopping 2,960-square-foot house or condo. Plus, the city is overflowing with foreclosed homes and paltry real estate values, meaning $200,000 can fetch significantly more house than even the median would suggest.

  • #1. Detroit
    31/ Ken Lund // Flickr

    #1. Detroit

    Estimated square footage $200,000 can buy: 5,331 square feet

    Median listing price: $40,000

    Median listing price per square foot: $38

    In the wake of declaring bankruptcy, Detroit, Michigan, has crawled its way out of the muck, namely thanks to a legion of new developers, innovators, and businesses. However, Motor City still suffers from prolonged periods of economic stagnancy, and thus has a long way to go. Until Detroit lands firmly on its feet, it will remain a true buyer’s market, with $200,000 fetching 5,331 square feet of property, on average. Fixer-uppers in particular are still going for peanuts.

2018 All rights reserved.