$1 million is a great deal of money…or is it? How much does $1 million really buy you in today’s real estate markets?
How much housing does $1 million really buy you?
That was the question behind a recent Business Insider article, which studied list price data from Movoto and Zillow and computed how much square footage $1 million would get you in the nation’s largest housing markets; and as expected, the results differ wildly.
Take a look at our graph below for some perspective:
Location, location is everything! It depends where you buy. Because it can be 1 million square feet for $1M, or less, or more.
Just curious; how do you feel Texas Property tax fits into this picture?
Suppose I say this knowing that we are getting hit with the new appraisals in Houston.