(NewsNation) – Apartment hunting? Depending on where you live, the amount of house you can get for the money will vary greatly.
Location is the biggest contributor to housing costs, with a typical home in Hawaii costing more than six times that of a typical home in West Virginia, for example.
MeDian Home Prices by State:
Let’s say your home buying budget is $300,000. For the most part, this price point won’t do much for Hawaii living. Oahu’s median price for a single family home in August 2022 was $1,125,500 and the median price for a condo/townhouse was $498,500.
In today’s market, $300,000 can hardly buy a studio or one bedroom unit in Hawaii. An example of a unit in this price range is $297,000 for a one bedroom apartment in Waikiki. The unit is a fully furnished legal short term vacation rental.
“Hawaii is a state where we have a lot of newcomers every year and we keep changing. We have all branches of the military and corporate relocations. There is always a lot of movement, especially on Oahu. We’ve also seen a lot of moves from Colorado, California, Washington and Texas,” said real estate agent Ayla Toman.
There is also limited land available for housing in Hawaii.
“There is only 8% of land on Oahu that is actually available for development. All of this is already claimed and will be developed over the next 20-25 years. So land in Hawaii is prime,” added Toman.
Here’s what you can buy with $300,000 in the highest median-home-priced Conditions:
- Hawaii: $848,926; Cost per square foot: $649
- $300,000 buy you 462 square feet
- California: $848,926; Cost per square foot: $468
- $300,000 buy you 641 square feet
- Washington: $595,732; Cost per square foot: $313
- $300,000 buy you 958 square feet
- Colorado: $559,838; Cost per square foot: $263
- $300,000 will buy you 1,141 square feet
- Massachusetts: $559,312; Cost per square foot: $321
- $300,000 buy you 935 square feet
Meanwhile, in West Virginia, $300,000 can go a long way. Real estate agent C’Anna Keffer told NewsNation Digital that that amount of money could buy a three-bedroom, two-bath home that is at least 1,500 square feet.
An example of a home at this price would be $275,000 for a six bedroom home in Morgantown, West Virginia.
“You don’t just get a single family home; that is a separate unit. But you’ll also get a yard, if not more, often in nice areas,” Keffer said.
West Virginia is the fourth worst place to live in a US & World News ranking, a place it has held since 2018. Kefir says much of this reflects the way states govern themselves.
The mountain state started a program called Ascend, where people could earn up to $12,000 in tax credits if they moved to West Virginia. The hope was to encourage people to try West Virginia. Overall, Keffer says, West Virginians appreciate slightly lower taxes, a little more space, and the outdoors.
“I love West Virginia. it’s home The people are incredibly warm and friendly. We are very welcoming and welcoming. We enjoy all four seasons, and that’s something you can’t get in many other places. We have beautiful places for hiking and relaxing and boating and fishing and skiing. We really take advantage of the year-round activities,” added Keffer.
Here’s what you can buy for $300,000 in the lowest selfdian-home-priced Conditions:
- Iowa: $183,418; Cost per square foot: $118
- $300,000 will buy you 2,542 square feet
- Oklahoma: $171,057; Cost per square foot: $98
- $300,000 will buy you 3,061 square feet
- Arkansas: $169,867; Cost per square foot: $95
- $300,000 will buy you 3,157 square feet
- Mississippi: $157,828; Cost per square foot: $84
- $300,000 will buy you 3,571 square feet
- West Virginia: $129,103; Cost per square foot: $75
- $300,000 buy you 4,000 square feet
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https://wgntv.com/news/house-hunting-what-300000-will-get-you-in-highest-and-lowest-priced-states/ Apartment Search? What $300,000 will bring you in the highest, lowest prizes