Texas has some of the cheapest home prices per square foot in US. What can you get for $300K?
Looking to buy a home? One study says that Texas is a place where you get some bang for your buck.
GOBankingRates, a personal finance blog, compiled a list (based on the Federal Reserve of St. Louis data) to find the median listing price per square foot of homes in the U.S. They listed out square footage for $300,000, $400,000 and $500,000 houses, then ranked states from least to most expensive.
The least expensive state is West Virginia, where you can get a 2,185-square-foot home for $300,000. The most expensive state is Hawai’i, with $300,000 you can get 443 square feet of space. Texas falls in the cheaper half, at No. 16.
According to the Federal Reserve Bank of St. Louis, the median home price in the U.S. at the end of 2024 was $419,200. In Texas, you can save six figures with a median home price of $327,663, according to Zillow’s Home Value Index. The last time the country’s average home price was as cheap as Texas’ was in 2019.
Despite the rise in home prices over the past five years, Texas’ remains below the national average. Here’s what GOBankingRates found about the Lone Star state’s housing market.
How big of a house can you get in Texas for $300,000?
GOBankingRates says that in Texas you can get this much square footage with these price tags:
$300,000: 1,647 square feet
$400,000: 2,196 square feet
$500,000: 2,746 square feet
The GOBankingRates study also found the price per square foot averaged around $182.
GOBankingRates methodology
GOBankingRates gathered all of its information from the Federal Reserve Bank of St. Louis. From there, the study determined each state’s housing-to-cost-of-living index, and then calculated the price per square foot for a home in each state.
The Federal Reserve of St. Louis gathers their data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
This story was originally published February 20, 2025 at 3:57 PM.