The Most and Least Expensive American Neighborhoods per Square Foot
When it comes to buying a house, location is everything. Where a property is located is a major factor in determining how much it is worth; it’s why a studio apartment can go for $1.3 million in New York City, and a sprawling mansion might sell for less than half a million in a quiet, rural town.
It’s easy to think that every apartment in a bustling metropolis will be eye-wateringly expensive, or that homes out in the sticks are a dime a dozen. But the truth is that — in any given town or city across the U.S. — an affluent neighborhood might be just around the corner from one where a house sells for much less than the national average cost of a square foot ($244) of property.
This got American Home Shield’s analysts wondering: based on the price per square foot of the average local property, where are the most and least expensive neighborhoods in the U.S. to buy.
