A recent GOBankingRates report revealed that a $300,000 budget for purchasing a home varies dramatically across the United States, offering potential buyers vastly different options depending on the state.
In West Virginia, for instance, buyers can purchase over 2,000 square feet, significantly above the national average of 1,500 square feet available in 25 states. Conversely, states like Hawaii offer a stark contrast, where the same budget only affords around 443 square feet, highlighting the challenges many face in high-cost living areas, reported Fox 4 KDFW.
The report also indicated that several states, including Maine and California, yield less than 1,000 square feet for a $300,000 budget, placing substantial pressure on first-time homebuyers amid rising home prices and elevated mortgage rates.
Where does Texas rank?
Find out by reading the rest of the story from Fox:
GOBankingRates, a site offering financial advice and credit information, analyzed how much house a $300,000 budget can afford across all 50 states, as well as what a $400,000 and $500,000 budget can look like. […]
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