How Much House Can You Buy For One Dollar

Dated: July 17 2019

Views: 50

According to Zillow, the current US median home price is $218,000. That means if you have (on average) 218,000 dollars, you can buy a home.

But how much home can you buy for a single dollar?

Zillow recently explored how much house you can buy for one dollar in the current market conditions. Currently, a dollar will buy you 1.07 square inches of space in a typical US home. That’s down slightly from 1.2 square inches in 2008—and less than half of what a dollar would buy you in 1998 at 2.1 inches.

The Takeaway

If you’ve been thinking about selling your home, now is a great time to do it—because a dollar buys less house today than it did a decade ago (and even less than it did two decades ago), which means potential buyers have to use more dollars to purchase your whole home.

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Kelly Chewning

My name is Kelly Chewning and I am a native of Fredericksburg, Va., born and bred. I grew up in the 80’s when Fredericksburg was a small rural town, and I had the joy of evolving from a child to an ....

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