Special Report

How Much Home You Can Buy for 200K in Every State

Source: qingwa / iStock via Getty Images

Maryland
> Median size of a $200k house: 1,230 sq. ft. (13th smallest)
> Median size of all homes 1,604 sq. ft. (24th smallest)
> Median rooms per house: 6.2 rooms (2nd most — tied)
> Median home value: $332,500 (9th highest)
> Median household income: $86,738 (the highest)

Source: KenWiedemann / iStock via Getty Images

Massachusetts
> Median size of a $200k house: 1,050 sq. ft. (4th smallest)
> Median size of all homes 1,621 sq. ft. (24th largest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $418,600 (3rd highest)
> Median household income: $85,843 (2nd highest)

Source: RiverNorthPhotography / E+ via Getty Images

Michigan
> Median size of a $200k house: 1,389 sq. ft. (25th largest)
> Median size of all homes 1,440 sq. ft. (4th smallest)
> Median rooms per house: 5.8 rooms (13th most — tied)
> Median home value: $169,600 (12th lowest)
> Median household income: $59,584 (19th lowest)

Source: JenniferPhotographyImaging / E+ via Getty Images

Minnesota
> Median size of a $200k house: 1,284 sq. ft. (18th smallest)
> Median size of all homes 1,585 sq. ft. (19th smallest)
> Median rooms per house: 6.0 rooms (5th most — tied)
> Median home value: $246,700 (21st highest)
> Median household income: $74,593 (13th highest)

Source: cristianl / iStock via Getty Images

Mississippi
> Median size of a $200k house: 1,983 sq. ft. (the largest)
> Median size of all homes 1,665 sq. ft. (19th largest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $128,200 (2nd lowest)
> Median household income: $45,792 (the lowest)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.