{"id":14526,"date":"2022-05-14T09:28:53","date_gmt":"2022-05-14T16:28:53","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=14526"},"modified":"2022-05-14T09:29:00","modified_gmt":"2022-05-14T16:29:00","slug":"this-is-how-much-space-400k-gets-you-in-arizona","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/this-is-how-much-space-400k-gets-you-in-arizona","title":{"rendered":"This is How Much Space $400K Gets You in Arizona"},"content":{"rendered":"\n
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The median listing price for homes nationwide reached an all time high of $405,000 at the end of March. Rising alongside home prices is the increase in more square footage. According to The National Association of Home Builders<\/a>, the average square footage of new single-family homes has increased to 2,561 square feet. With people working from home and spending more time indoors due to the pandemic, homeowners want more space. Read on to see just how much space $400,000 will get you in Arizona. <\/p>\n\n\n\n

In Arizona\u2019s six largest cities, $400,000 buys more than 1,000 square feet of living space. In the top 10 markets with the most expensive square footage in the nation, $400,000 buys less than 600 square feet. <\/p>\n\n\n\n

When looking at the top 10 most populous U.S. cities, Phoenix\u2019s population of 1,680,992 makes it the fifth largest city. Out of the top ten, Phoenix sits in the middle for how much space buyers can get for $400,000. In Phoenix, $400,000 equals 1,404 square feet. Compare this to New York, America\u2019s most populated city, where $400,000 equals 449 square feet. <\/p>\n\n\n\n

On Point2<\/a>\u2019s list of Top 25 Cities with the Least Space for $400,000, Scottsdale sits at 21 with $400,000 buying 971 square feet. On the other end of the spectrum, San Francisco sits at 2nd on the list with $400,000 buying 400 square feet and Manhattan is number one with $400,000 buying just 267 square feet. Though Scottsdale sits relatively low on the list, it is Arizona\u2019s city with the least amount of space for $400,000. No cities in Arizona made the list of Top 25 Cities with the Most Space for $400,000. <\/p>\n\n\n\n

How much space $400,000 buys in specific Arizona cities from least to greatest:<\/p>\n\n\n\n