Special Report
How Much Home You Can Buy For $200k in Every State
Published:
Last Updated:
The typical home in the United States is worth about $245,000. Indeed, a home is the largest investment most Americans will ever make. But exactly how much home you get for your investment can depend largely on where you live.
In 33 states, the median home price is over $200,000. Still, in all states, buyers can likely find a home for that price — but those $200,000 houses could look very different. In some places, a $200,000 home will likely be more than 2,000 square feet. In others, it will be closer to 1,200 square feet — and in one state, less than 500 square feet.
Click here to see how much home you can buy for $200k in every state
To determine how much home you can buy for $200,000 in every state, 24/7 Wall St. reviewed data on home value and size from real estate database company Zillow. Zillow’s data reflects the median square footage of homes worth between $190,000 and $210,000 in each state. Data on median home values and sizes by state also came from Zillow. Data on the median number of rooms in a housing unit came from the U.S. Census Bureau’s 2018 American Community Survey.
Prospective homebuyers will likely consider more factors than just the size of the house or the number of rooms — especially those with children. For example, parents will often consider buying a particular house because of the school district that it is in. These are the school districts where children are most likely to succeed in every state.
Home prices can vary greatly not just from state to state, but also from city to city — and even in a single city, housing prices are constantly in flux. Home prices may rise or decline based on the economic realities of a given area. Though the U.S. median home price has been on the rise over the last decade some communities are losing jobs and experiencing a shrinking GDP. These economic conditions are likely having a negative impact on the local housing market. These are the fastest shrinking local economies in every state.
1. Alabama
> Typical size of a $200k home: 2,103 sq. feet (5th largest)
> Size of typical home in Alabama: 1,759 sq. feet (22nd largest)
> Median home value: $140,991 (5th lowest)
> Median household income: $49,861 (6th lowest)
> Rooms in a typical home: 5.7 rooms (16th highest – tied)
[in-text-ad]
2. Alaska
> Typical size of a $200k home: 1,345 sq. feet (6th smallest)
> Size of typical home in Alaska: 1,744 sq. feet (24th largest)
> Median home value: $302,500 (12th highest)
> Median household income: $74,346 (8th highest)
> Rooms in a typical home: 4.7 rooms (2nd lowest )
3. Arizona
> Typical size of a $200k home: 1,636 sq. feet (20th smallest)
> Size of typical home in Arizona: 1,780 sq. feet (19th largest – tied)
> Median home value: $272,626 (18th highest)
> Median household income: $59,246 (24th lowest)
> Rooms in a typical home: 5.3 rooms (7th lowest – tied)
4. Arkansas
> Typical size of a $200k home: 2,096 sq. feet (6th largest)
> Size of typical home in Arkansas: 1,725 sq. feet (24th smallest)
> Median home value: $129,484 (3rd lowest)
> Median household income: $47,062 (3rd lowest)
> Rooms in a typical home: 5.4 rooms (11th lowest – tied)
[in-text-ad-2]
5. California
> Typical size of a $200k home: 1,302 sq. feet (4th smallest)
> Size of typical home in California: 1,648 sq. feet (12th smallest)
> Median home value: $561,325 (2nd highest)
> Median household income: $75,277 (6th highest)
> Rooms in a typical home: 5.0 rooms (3rd lowest – tied)
6. Colorado
> Typical size of a $200k home: 1,356 sq. feet (9th smallest)
> Size of typical home in Colorado: 2,052 sq. feet (2nd largest)
> Median home value: $401,891 (5th highest)
> Median household income: $71,953 (11th highest)
> Rooms in a typical home: 5.7 rooms (16th highest – tied)
[in-text-ad]
7. Connecticut
> Typical size of a $200k home: 1,423 sq. feet (11th smallest)
> Size of typical home in Connecticut: 1,722 sq. feet (23rd smallest)
> Median home value: $255,795 (22nd highest)
> Median household income: $76,348 (5th highest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
24/7 Wall St.
8. Delaware
> Typical size of a $200k home: 1,552 sq. feet (15th smallest)
> Size of typical home in Delaware: 1,798 sq. feet (16th largest)
> Median home value: $255,997 (21st highest)
> Median household income: $64,805 (16th highest)
> Rooms in a typical home: 6.2 rooms (2nd highest – tied)
9. Florida
> Typical size of a $200k home: 1,600 sq. feet (18th smallest – tied)
> Size of typical home in Florida: 1,621 sq. feet (9th smallest)
> Median home value: $247,841 (24th highest)
> Median household income: $55,462 (14th lowest)
> Rooms in a typical home: 5.1 rooms (5th lowest )
[in-text-ad-2]
10. Georgia
> Typical size of a $200k home: 2,120 sq. feet (4th largest)
> Size of typical home in Georgia: 1,948 sq. feet (5th largest)
> Median home value: $202,914 (19th lowest)
> Median household income: $58,756 (23rd lowest)
> Rooms in a typical home: 5.9 rooms (8th highest – tied)
11. Hawaii
> Typical size of a $200k home: 421 sq. feet (the smallest)
> Size of typical home in Hawaii: 1,209 sq. feet (the smallest)
> Median home value: $638,388 (the highest)
> Median household income: $80,212 (3rd highest)
> Rooms in a typical home: 4.6 rooms (the lowest )
[in-text-ad]
12. Idaho
> Typical size of a $200k home: 1,712 sq. feet (23rd smallest)
> Size of typical home in Idaho: 1,834 sq. feet (11th largest)
> Median home value: $289,989 (15th highest)
> Median household income: $55,583 (15th lowest)
> Rooms in a typical home: 5.8 rooms (12th highest – tied)
13. Illinois
> Typical size of a $200k home: 1,599 sq. feet (17th smallest)
> Size of typical home in Illinois: 1,600 sq. feet (6th smallest)
> Median home value: $203,780 (20th lowest)
> Median household income: $65,030 (15th highest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
14. Indiana
> Typical size of a $200k home: 2,301 sq. feet (the largest)
> Size of typical home in Indiana: 1,716 sq. feet (22nd smallest)
> Median home value: $156,543 (10th lowest)
> Median household income: $55,746 (17th lowest)
> Rooms in a typical home: 5.8 rooms (12th highest – tied)
[in-text-ad-2]
15. Iowa
> Typical size of a $200k home: 1,745 sq. feet (22nd largest)
> Size of typical home in Iowa: 1,519 sq. feet (3rd smallest)
> Median home value: $153,802 (9th lowest)
> Median household income: $59,955 (25th highest)
> Rooms in a typical home: 5.9 rooms (8th highest – tied)
16. Kansas
> Typical size of a $200k home: 1,972 sq. feet (11th largest)
> Size of typical home in Kansas: 1,688 sq. feet (16th smallest)
> Median home value: $151,970 (8th lowest)
> Median household income: $58,218 (21st lowest)
> Rooms in a typical home: 5.9 rooms (8th highest – tied)
[in-text-ad]
17. Kentucky
> Typical size of a $200k home: 1,977 sq. feet (10th largest)
> Size of typical home in Kentucky: 1,664 sq. feet (14th smallest)
> Median home value: $148,662 (6th lowest)
> Median household income: $50,247 (7th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
24/7 Wall St.
18. Louisiana
> Typical size of a $200k home: 1,841 sq. feet (18th largest)
> Size of typical home in Louisiana: 1,776 sq. feet (21st largest)
> Median home value: $168,842 (12th lowest)
> Median household income: $47,905 (5th lowest)
> Rooms in a typical home: 5.4 rooms (11th lowest – tied)
19. Maine
> Typical size of a $200k home: 1,472 sq. feet (12th smallest)
> Size of typical home in Maine: 1,632 sq. feet (11th smallest)
> Median home value: $244,529 (25th highest)
> Median household income: $55,602 (16th lowest)
> Rooms in a typical home: 5.4 rooms (11th lowest – tied)
[in-text-ad-2]
20. Maryland
> Typical size of a $200k home: 1,320 sq. feet (5th smallest)
> Size of typical home in Maryland: 1,740 sq. feet (25th largest)
> Median home value: $310,744 (10th highest)
> Median household income: $83,242 (the highest)
> Rooms in a typical home: 6.2 rooms (2nd highest – tied)
21. Massachusetts
> Typical size of a $200k home: 1,200 sq. feet (2nd smallest)
> Size of typical home in Massachusetts: 1,684 sq. feet (15th smallest)
> Median home value: $426,330 (3rd highest)
> Median household income: $79,835 (4th highest)
> Rooms in a typical home: 5.5 rooms (16th lowest – tied)
[in-text-ad]
22. Michigan
> Typical size of a $200k home: 1,717 sq. feet (25th largest)
> Size of typical home in Michigan: 1,509 sq. feet (2nd smallest)
> Median home value: $173,923 (13th lowest)
> Median household income: $56,697 (20th lowest)
> Rooms in a typical home: 5.8 rooms (12th highest – tied)
24/7 Wall St.
23. Minnesota
> Typical size of a $200k home: 1,638 sq. feet (21st smallest)
> Size of typical home in Minnesota: 1,874 sq. feet (8th largest)
> Median home value: $259,588 (20th highest)
> Median household income: $70,315 (13th highest)
> Rooms in a typical home: 6.0 rooms (4th highest – tied)
24. Mississippi
> Typical size of a $200k home: 2,236 sq. feet (2nd largest)
> Size of typical home in Mississippi: 1,781 sq. feet (18th largest)
> Median home value: $127,206 (2nd lowest)
> Median household income: $44,717 (2nd lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
[in-text-ad-2]
25. Missouri
> Typical size of a $200k home: 1,714 sq. feet (24th smallest)
> Size of typical home in Missouri: 1,534 sq. feet (4th smallest)
> Median home value: $163,999 (11th lowest)
> Median household income: $54,478 (12th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
26. Montana
> Typical size of a $200k home: 1,664 sq. feet (22nd smallest)
> Size of typical home in Montana: 1,865 sq. feet (9th largest)
> Median home value: $282,348 (17th highest)
> Median household income: $55,328 (13th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
[in-text-ad]
27. Nebraska
> Typical size of a $200k home: 1,932 sq. feet (15th largest)
> Size of typical home in Nebraska: 1,620 sq. feet (7th smallest – tied)
> Median home value: $176,882 (14th lowest)
> Median household income: $59,566 (25th lowest)
> Rooms in a typical home: 6.0 rooms (4th highest – tied)
28. Nevada
> Typical size of a $200k home: 1,510 sq. feet (14th smallest)
> Size of typical home in Nevada: 1,712 sq. feet (21st smallest)
> Median home value: $303,871 (11th highest)
> Median household income: $58,646 (22nd lowest)
> Rooms in a typical home: 5.2 rooms (6th lowest )
29. New Hampshire
> Typical size of a $200k home: 1,488 sq. feet (13th smallest)
> Size of typical home in New Hampshire: 1,796 sq. feet (17th largest)
> Median home value: $293,690 (14th highest)
> Median household income: $74,991 (7th highest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
[in-text-ad-2]
30. New Jersey
> Typical size of a $200k home: 1,404 sq. feet (10th smallest)
> Size of typical home in New Jersey: 1,728 sq. feet (25th smallest)
> Median home value: $338,096 (8th highest)
> Median household income: $81,740 (2nd highest)
> Rooms in a typical home: 5.7 rooms (16th highest – tied)
31. New Mexico
> Typical size of a $200k home: 1,777 sq. feet (21st largest)
> Size of typical home in New Mexico: 1,750 sq. feet (23rd largest)
> Median home value: $206,353 (22nd lowest)
> Median household income: $47,169 (4th lowest)
> Rooms in a typical home: 5.3 rooms (7th lowest – tied)
[in-text-ad]
32. New York
> Typical size of a $200k home: 1,739 sq. feet (23rd largest)
> Size of typical home in New York: 1,692 sq. feet (17th smallest)
> Median home value: $327,569 (9th highest)
> Median household income: $67,844 (14th highest)
> Rooms in a typical home: 5.0 rooms (3rd lowest – tied)
33. North Carolina
> Typical size of a $200k home: 1,855 sq. feet (17th largest)
> Size of typical home in North Carolina: 1,800 sq. feet (15th largest)
> Median home value: $204,311 (21st lowest)
> Median household income: $53,855 (11th lowest)
> Rooms in a typical home: 5.5 rooms (16th lowest – tied)
34. North Dakota
> Typical size of a $200k home: 1,790 sq. feet (19th largest)
> Size of typical home in North Dakota: 1,976 sq. feet (3rd largest)
> Median home value: $236,358 (25th lowest)
> Median household income: $63,837 (18th highest)
> Rooms in a typical home: 5.5 rooms (16th lowest – tied)
[in-text-ad-2]
35. Ohio
> Typical size of a $200k home: 1,955 sq. feet (14th largest)
> Size of typical home in Ohio: 1,577 sq. feet (5th smallest)
> Median home value: $151,382 (7th lowest)
> Median household income: $56,111 (18th lowest)
> Rooms in a typical home: 5.9 rooms (8th highest – tied)
36. Oklahoma
> Typical size of a $200k home: 2,079 sq. feet (7th largest)
> Size of typical home in Oklahoma: 1,662 sq. feet (13th smallest)
> Median home value: $131,080 (4th lowest)
> Median household income: $51,924 (8th lowest)
> Rooms in a typical home: 5.4 rooms (11th lowest – tied)
[in-text-ad]
37. Oregon
> Typical size of a $200k home: 1,260 sq. feet (3rd smallest)
> Size of typical home in Oregon: 1,710 sq. feet (20th smallest)
> Median home value: $366,552 (6th highest)
> Median household income: $63,426 (19th highest)
> Rooms in a typical home: 5.3 rooms (7th lowest – tied)
38. Pennsylvania
> Typical size of a $200k home: 1,600 sq. feet (18th smallest – tied)
> Size of typical home in Pennsylvania: 1,620 sq. feet (7th smallest – tied)
> Median home value: $195,810 (17th lowest)
> Median household income: $60,905 (21st highest)
> Rooms in a typical home: 6.0 rooms (4th highest – tied)
39. Rhode Island
> Typical size of a $200k home: 1,350 sq. feet (7th smallest)
> Size of typical home in Rhode Island: 1,628 sq. feet (10th smallest)
> Median home value: $302,406 (13th highest)
> Median household income: $64,340 (17th highest)
> Rooms in a typical home: 5.3 rooms (7th lowest – tied)
[in-text-ad-2]
40. South Carolina
> Typical size of a $200k home: 1,989 sq. feet (9th largest)
> Size of typical home in South Carolina: 1,802 sq. feet (14th largest)
> Median home value: $188,004 (16th lowest)
> Median household income: $52,306 (9th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
41. South Dakota
> Typical size of a $200k home: 2,012 sq. feet (8th largest)
> Size of typical home in South Dakota: 1,827 sq. feet (12th largest)
> Median home value: $206,927 (23rd lowest)
> Median household income: $56,274 (19th lowest)
> Rooms in a typical home: 5.8 rooms (12th highest – tied)
[in-text-ad]
42. Tennessee
> Typical size of a $200k home: 1,899 sq. feet (16th largest)
> Size of typical home in Tennessee: 1,780 sq. feet (19th largest – tied)
> Median home value: $187,831 (15th lowest)
> Median household income: $52,375 (10th lowest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
43. Texas
> Typical size of a $200k home: 1,971 sq. feet (12th largest)
> Size of typical home in Texas: 1,928 sq. feet (6th largest)
> Median home value: $209,048 (24th lowest)
> Median household income: $60,629 (24th highest)
> Rooms in a typical home: 5.4 rooms (11th lowest – tied)
44. Utah
> Typical size of a $200k home: 1,722 sq. feet (24th largest)
> Size of typical home in Utah: 2,208 sq. feet (the largest)
> Median home value: $352,538 (7th highest)
> Median household income: $71,414 (12th highest)
> Rooms in a typical home: 6.4 rooms (the highest )
[in-text-ad-2]
45. Vermont
> Typical size of a $200k home: 1,716 sq. feet (25th smallest)
> Size of typical home in Vermont: 1,808 sq. feet (13th largest)
> Median home value: $260,532 (19th highest)
> Median household income: $60,782 (22nd highest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
46. Virginia
> Typical size of a $200k home: 1,576 sq. feet (16th smallest)
> Size of typical home in Virginia: 1,891 sq. feet (7th largest)
> Median home value: $286,379 (16th highest)
> Median household income: $72,577 (10th highest)
> Rooms in a typical home: 6.0 rooms (4th highest – tied)
[in-text-ad]
47. Washington
> Typical size of a $200k home: 1,352 sq. feet (8th smallest)
> Size of typical home in Washington: 1,850 sq. feet (10th largest)
> Median home value: $419,923 (4th highest)
> Median household income: $74,073 (9th highest)
> Rooms in a typical home: 5.5 rooms (16th lowest – tied)
48. West Virginia
> Typical size of a $200k home: 2,140 sq. feet (3rd largest)
> Size of typical home in West Virginia: 1,700 sq. feet (18th smallest – tied)
> Median home value: $107,927 (the lowest)
> Median household income: $44,097 (the lowest)
> Rooms in a typical home: 5.7 rooms (16th highest – tied)
49. Wisconsin
> Typical size of a $200k home: 1,780 sq. feet (20th largest)
> Size of typical home in Wisconsin: 1,700 sq. feet (18th smallest – tied)
> Median home value: $202,559 (18th lowest)
> Median household income: $60,773 (23rd highest)
> Rooms in a typical home: 5.6 rooms (21st highest – tied)
[in-text-ad-2]
50. Wyoming
> Typical size of a $200k home: 1,960 sq. feet (13th largest)
> Size of typical home in Wyoming: 1,950 sq. feet (4th largest)
> Median home value: $253,449 (23rd highest)
> Median household income: $61,584 (20th highest)
> Rooms in a typical home: 5.7 rooms (16th highest – tied)
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
