How Much Square Feet Does $1 Million Buy You in Houston?

by Peter Thomas Ricci

$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: 

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  • LC says:

    Location, location is everything! It depends where you buy. Because it can be 1 million square feet for $1M, or less, or more.

  • Joe says:

    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.

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