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Before you make that down payment, it’s important to spend some time researching the current housing market. Prices are rising all over the United States, and buying a home is likely the biggest investment you will ever make.
In light of that, it’s worth knowing just how far your dollar will stretch depending on where you go. For example, if you long to live in Youngstown, Ohio, and you have a budget of one million dollars, you’re going to enjoy a lot more space than if your dream is to live in New Rochelle, New York!
This infographic offers data from an analysis of median home values per square foot in the 1,000 most populous U.S. cities. One state dominates the list of places where you can get the least amount of real estate for a million dollars, but there are still plenty of cities where you can get the most bang for your buck.