Median-priced homes in 8 major cities

2How much can you buy?

Want to know how far your housing dollar will stretch in some of the nation’s largest cities? We went shopping for a median-priced home in four metropolitan areas that earned the best grades in our second annual Home Affordability Study and in four cities with failing marks.
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Scouring the market for homes that were within $10,000 of each city’s median price, we found houses with prices ranging from $140,000 in St. Louis to almost $700,000 in San Francisco.

We not only found big price differences, the square-footage varied greatly, as well.  For example, we located a median-priced home with more than 1,500 square feet in Boston, but couldn’t find one with even 700 square feet in Miami.

That means there was also a big difference in each home’s price per square foot — one of the best ways to compare how far your housing dollar will stretch. Our homes ran from well under $105 per square foot in Minneapolis to well over $800 in San Francisco.

Let’s take a look at what you can expect to get with the median-priced home in these eight cities.

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