The U.S. experienced a major housing boom in 2020, as record-low mortgage rates and the growing practice of working from home increased demand for housing from millennials and Gen Xers. As of the beginning of 2021, home values had increased more than 9% year over year, the largest increase since 2006, according to real estate data company Zillow.
The median size of a home in the U.S. was 1,482 square feet as of March 2021, and the median value was $240,500. Many homebuyers, of course, are opting for less expensive homes, closer to the $200,000 range. While there are $200,000 homes in almost any part of the country, the median size of such a house can differ from nearly 2,000 square feet in one state to half that size in another.
To determine how much home you can buy for $200,000 in every state, 24/7 Wall St. reviewed data on median square footage by home value from real estate database company Zillow.
Housing prices in a given state tend to reflect what the residents of that area can afford. In states with relatively low incomes, $200,000 homes are much larger than homes at that price in more affluent states. In each of America’s five wealthiest states, most $200,000 homes are less than 1,300 sq. ft. Yet in the country’s five least wealthy states, the median size of a $200,000 home is well above 1,700 sq. ft. These are America’s richest and poorest states.
Homes generally increase in value over time, and buying a home is a good way to build wealth. Homeowners, however, must keep in mind all the extra costs that come with homeownership — costs like maintenance, utilities and other bills, and property taxes. States tax homeowners anywhere between 0.4% and 2.1% of their home’s value in aggregate property taxes, typically adding up to thousands of dollars per year to household costs. These are the states with the highest and lowest property taxes.
Click here to see how much home you can buy for 200k in every state.
Click here to see our detailed methodology.
Source: ghornephoto / E+ via Getty Images
Alabama
> Median size of a $200k house: 1,798 sq. ft. (5th largest)
> Median size of all homes 1,675 sq. ft. (17th largest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $154,000 (6th lowest)
> Median household income: $51,734 (5th lowest)
[in-text-ad]
Source: filo / E+ via Getty Images
Alaska
> Median size of a $200k house: 1,207 sq. ft. (10th smallest)
> Median size of all homes 1,640 sq. ft. (21st largest)
> Median rooms per house: 4.8 rooms (2nd fewest)
> Median home value: $281,200 (15th highest)
> Median household income: $75,463 (12th highest)
24/7 Wall St.
Source: pastorscott / E+ via Getty Images
Arizona
> Median size of a $200k house: 1,258 sq. ft. (17th smallest)
> Median size of all homes 1,728 sq. ft. (6th largest)
> Median rooms per house: 5.3 rooms (7th fewest — tied)
> Median home value: $255,900 (18th highest)
> Median household income: $62,055 (23rd lowest)
Source: TriggerPhoto / iStock via Getty Images
Arkansas
> Median size of a $200k house: 1,800 sq. ft. (4th largest)
> Median size of all homes 1,568 sq. ft. (17th smallest)
> Median rooms per house: 5.4 rooms (12th fewest — tied)
> Median home value: $136,200 (3rd lowest)
> Median household income: $48,952 (3rd lowest)
[in-text-ad-2]
Source: Mableen / E+ via Getty Images
Montana
> Median size of a $200k house: 1,220 sq. ft. (11th smallest)
> Median size of all homes 1,552 sq. ft. (16th smallest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $253,600 (20th highest)
> Median household income: $57,153 (11th lowest)
Source: Jennifer_Sharp / iStock via Getty Images
California
> Median size of a $200k house: 1,102 sq. ft. (6th smallest)
> Median size of all homes 1,600 sq. ft. (23rd smallest)
> Median rooms per house: 5.0 rooms (3rd fewest — tied)
> Median home value: $568,500 (2nd highest)
> Median household income: $80,440 (5th highest)
[in-text-ad]
Source: krblokhin / iStock via Getty Images
Colorado
> Median size of a $200k house: 1,075 sq. ft. (5th smallest)
> Median size of all homes 1,735 sq. ft. (5th largest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $394,600 (4th highest)
> Median household income: $77,127 (9th highest)
24/7 Wall St.
Source: JayLazarin / E+ via Getty Images
Connecticut
> Median size of a $200k house: 1,229 sq. ft. (12th smallest)
> Median size of all homes 1,619 sq. ft. (25th largest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $280,700 (16th highest)
> Median household income: $78,833 (6th highest)
Source: Robert Kirk / iStock via Getty Images
Delaware
> Median size of a $200k house: 1,399 sq. ft. (24th largest)
> Median size of all homes 1,824 sq. ft. (2nd largest)
> Median rooms per house: 6.2 rooms (2nd most — tied)
> Median home value: $261,700 (17th highest)
> Median household income: $70,176 (16th highest)
[in-text-ad-2]
Source: Kubrak78 / iStock via Getty Images
Florida
> Median size of a $200k house: 1,344 sq. ft. (23rd smallest)
> Median size of all homes 1,587 sq. ft. (20th smallest)
> Median rooms per house: 5.1 rooms (5th fewest — tied)
> Median home value: $245,100 (22nd highest)
> Median household income: $59,227 (17th lowest)
Source: KatarzynaBialasiewicz / iStock via Getty Images
Georgia
> Median size of a $200k house: 1,632 sq. ft. (8th largest)
> Median size of all homes 1,812 sq. ft. (3rd largest)
> Median rooms per house: 5.9 rooms (9th most — tied)
> Median home value: $202,500 (24th lowest)
> Median household income: $61,980 (22nd lowest)
[in-text-ad]
Source: ejs9 / Getty Images
Hawaii
> Median size of a $200k house: 680 sq. ft. (the smallest)
> Median size of all homes 1,244 sq. ft. (the smallest)
> Median rooms per house: 4.6 rooms (the fewest)
> Median home value: $669,200 (the highest)
> Median household income: $83,102 (4th highest)
24/7 Wall St.
Source: vkbhat / iStock via Getty Images
Idaho
> Median size of a $200k house: 1,232 sq. ft. (14th smallest)
> Median size of all homes 1,676 sq. ft. (16th largest)
> Median rooms per house: 5.8 rooms (13th most — tied)
> Median home value: $255,200 (19th highest)
> Median household income: $60,999 (20th lowest)
Source: Alex Potemkin / E+ via Getty Images
Illinois
> Median size of a $200k house: 1,410 sq. ft. (22nd largest)
> Median size of all homes 1,490 sq. ft. (8th smallest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $209,100 (25th highest)
> Median household income: $69,187 (17th highest)
[in-text-ad-2]
Source: alexeys / iStock via Getty Images
Indiana
> Median size of a $200k house: 1,671 sq. ft. (7th largest)
> Median size of all homes 1,624 sq. ft. (23rd largest)
> Median rooms per house: 5.8 rooms (13th most — tied)
> Median home value: $156,000 (7th lowest)
> Median household income: $57,603 (14th lowest)
Source: JenniferPhotographyImaging / E+ via Getty Images
Iowa
> Median size of a $200k house: 1,461 sq. ft. (18th largest)
> Median size of all homes 1,424 sq. ft. (2nd smallest)
> Median rooms per house: 5.9 rooms (9th most — tied)
> Median home value: $158,900 (9th lowest)
> Median household income: $61,691 (21st lowest)
[in-text-ad]
Source: Lokibaho / iStock via Getty Images
Kansas
> Median size of a $200k house: 1,514 sq. ft. (15th largest)
> Median size of all homes 1,455 sq. ft. (5th smallest)
> Median rooms per house: 6.0 rooms (5th most — tied)
> Median home value: $163,200 (10th lowest)
> Median household income: $62,087 (24th lowest)
24/7 Wall St.
Source: volgariver / iStock via Getty Images
Kentucky
> Median size of a $200k house: 1,536 sq. ft. (14th largest)
> Median size of all homes 1,494 sq. ft. (10th smallest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $151,700 (5th lowest)
> Median household income: $52,295 (7th lowest)
Source: Beka_C / iStock via Getty Images
Louisiana
> Median size of a $200k house: 1,730 sq. ft. (6th largest)
> Median size of all homes 1,680 sq. ft. (13th largest)
> Median rooms per house: 5.4 rooms (12th fewest — tied)
> Median home value: $172,100 (13th lowest)
> Median household income: $51,073 (4th lowest)
[in-text-ad-2]
Source: KenWiedemann / E+ via Getty Images
Maine
> Median size of a $200k house: 1,284 sq. ft. (19th smallest)
> Median size of all homes 1,462 sq. ft. (6th smallest)
> Median rooms per house: 5.4 rooms (12th fewest — tied)
> Median home value: $200,500 (23rd lowest)
> Median household income: $58,924 (16th lowest)
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)
[in-text-ad]
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)
24/7 Wall St.
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)
[in-text-ad-2]
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)
Source: Lana2011 / iStock via Getty Images
Missouri
> Median size of a $200k house: 1,494 sq. ft. (16th largest)
> Median size of all homes 1,492 sq. ft. (9th smallest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $168,000 (11th lowest)
> Median household income: $57,409 (13th lowest)
[in-text-ad]
Source: Thinkstock / Stockbyte via Getty Images
Nebraska
> Median size of a $200k house: 1,427 sq. ft. (21st largest)
> Median size of all homes 1,506 sq. ft. (11th smallest)
> Median rooms per house: 6.1 rooms (4th most)
> Median home value: $172,700 (14th lowest)
> Median household income: $63,229 (25th highest)
Source: LPETTET / iStock via Getty Images
Nevada
> Median size of a $200k house: 1,152 sq. ft. (9th smallest)
> Median size of all homes 1,707 sq. ft. (9th largest)
> Median rooms per house: 5.1 rooms (5th fewest — tied)
> Median home value: $317,800 (11th highest)
> Median household income: $63,276 (24th highest)
Source: DenisTangneyJr / E+ via Getty Images
New Hampshire
> Median size of a $200k house: 1,248 sq. ft. (16th smallest)
> Median size of all homes 1,706 sq. ft. (10th largest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $281,400 (14th highest)
> Median household income: $77,933 (8th highest)
[in-text-ad-2]
Source: DenisTangneyJr / iStock via Getty Images
New Jersey
> Median size of a $200k house: 1,296 sq. ft. (21st smallest)
> Median size of all homes 1,700 sq. ft. (11th largest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $348,800 (7th highest)
> Median household income: $85,751 (3rd highest)
Source: ivanastar / iStock via Getty Images
New Mexico
> Median size of a $200k house: 1,456 sq. ft. (19th largest)
> Median size of all homes 1,675 sq. ft. (18th largest)
> Median rooms per house: 5.3 rooms (7th fewest — tied)
> Median home value: $180,900 (16th lowest)
> Median household income: $51,945 (6th lowest)
[in-text-ad]
Source: Auseklis / iStock via Getty Images
New York
> Median size of a $200k house: 1,560 sq. ft. (12th largest)
> Median size of all homes 1,680 sq. ft. (14th largest)
> Median rooms per house: 5.0 rooms (3rd fewest — tied)
> Median home value: $338,700 (8th highest)
> Median household income: $72,108 (14th highest)
Source: KenWiedemann / E+ via Getty Images
North Carolina
> Median size of a $200k house: 1,483 sq. ft. (17th largest)
> Median size of all homes 1,664 sq. ft. (20th largest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $193,200 (20th lowest)
> Median household income: $57,341 (12th lowest)
Source: sharply_done / iStock via Getty Images
North Dakota
> Median size of a $200k house: 1,367 sq. ft. (25th smallest)
> Median size of all homes 1,612 sq. ft. (25th smallest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $205,400 (25th lowest)
> Median household income: $64,577 (20th highest)
[in-text-ad-2]
Source: StanRohrer / E+ via Getty Images
Ohio
> Median size of a $200k house: 1,616 sq. ft. (11th largest)
> Median size of all homes 1,530 sq. ft. (12th smallest)
> Median rooms per house: 5.9 rooms (9th most — tied)
> Median home value: $157,200 (8th lowest)
> Median household income: $58,642 (15th lowest)
Source: Susan Vineyard / iStock via Getty Images
Oklahoma
> Median size of a $200k house: 1,840 sq. ft. (2nd largest)
> Median size of all homes 1,542 sq. ft. (14th smallest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $147,000 (4th lowest)
> Median household income: $54,449 (8th lowest)
[in-text-ad]
Source: benedek / iStock via Getty Images
Oregon
> Median size of a $200k house: 1,120 sq. ft. (7th smallest)
> Median size of all homes 1,594 sq. ft. (22nd smallest)
> Median rooms per house: 5.3 rooms (7th fewest — tied)
> Median home value: $354,600 (6th highest)
> Median household income: $67,058 (18th highest)
Source: 2windspa / iStock via Getty Images
Pennsylvania
> Median size of a $200k house: 1,404 sq. ft. (23rd largest)
> Median size of all homes 1,540 sq. ft. (13th smallest)
> Median rooms per house: 6.0 rooms (5th most — tied)
> Median home value: $192,600 (19th lowest)
> Median household income: $63,463 (23rd highest)
Source: coleong / iStock via Getty Images
Rhode Island
> Median size of a $200k house: 1,030 sq. ft. (2nd smallest)
> Median size of all homes 1,544 sq. ft. (15th smallest)
> Median rooms per house: 5.3 rooms (7th fewest — tied)
> Median home value: $283,000 (13th highest)
> Median household income: $71,169 (15th highest)
[in-text-ad-2]
Source: PBFloyd / iStock via Getty Images
South Carolina
> Median size of a $200k house: 1,629 sq. ft. (9th largest)
> Median size of all homes 1,679 sq. ft. (15th largest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $179,800 (15th lowest)
> Median household income: $56,227 (10th lowest)
Source: Jacob Boomsma / iStock via Getty Images
South Dakota
> Median size of a $200k house: 1,242 sq. ft. (15th smallest)
> Median size of all homes 1,440 sq. ft. (3rd smallest)
> Median rooms per house: 5.9 rooms (9th most — tied)
> Median home value: $185,000 (17th lowest)
> Median household income: $59,533 (18th lowest)
[in-text-ad]
Source: Barry Richards / iStock via Getty Images
Tennessee
> Median size of a $200k house: 1,538 sq. ft. (13th largest)
> Median size of all homes 1,632 sq. ft. (22nd largest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $191,900 (18th lowest)
> Median household income: $56,071 (9th lowest)
Source: fstop123 / E+ via Getty Images
Texas
> Median size of a $200k house: 1,623 sq. ft. (10th largest)
> Median size of all homes 1,781 sq. ft. (4th largest)
> Median rooms per house: 5.3 rooms (7th fewest — tied)
> Median home value: $200,400 (22nd lowest)
> Median household income: $64,034 (22nd highest)
Source: stevecoleimages / iStock via Getty Images
Utah
> Median size of a $200k house: 1,140 sq. ft. (8th smallest)
> Median size of all homes 1,832 sq. ft. (the largest)
> Median rooms per house: 6.3 rooms (the most)
> Median home value: $330,300 (10th highest)
> Median household income: $75,780 (11th highest)
[in-text-ad-2]
Source: RobertCrum / iStock via Getty Images
Vermont
> Median size of a $200k house: 1,341 sq. ft. (22nd smallest)
> Median size of all homes 1,695 sq. ft. (12th largest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $233,200 (24th highest)
> Median household income: $63,001 (25th lowest)
Source: Bill Chizek / iStock via Getty Images
Virginia
> Median size of a $200k house: 1,366 sq. ft. (24th smallest)
> Median size of all homes 1,716 sq. ft. (7th largest)
> Median rooms per house: 6.0 rooms (5th most — tied)
> Median home value: $288,800 (12th highest)
> Median household income: $76,456 (10th highest)
[in-text-ad]
Source: Solidago / E+ via Getty Images
Washington
> Median size of a $200k house: 1,032 sq. ft. (3rd smallest)
> Median size of all homes 1,710 sq. ft. (8th largest)
> Median rooms per house: 5.5 rooms (15th fewest — tied)
> Median home value: $387,600 (5th highest)
> Median household income: $78,687 (7th highest)
Source: BackyardProduction / iStock via Getty Images
West Virginia
> Median size of a $200k house: 1,832 sq. ft. (3rd largest)
> Median size of all homes 1,478 sq. ft. (7th smallest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $124,600 (the lowest)
> Median household income: $48,850 (2nd lowest)
Source: JamesBrey / E+ via Getty Images
Wisconsin
> Median size of a $200k house: 1,447 sq. ft. (20th largest)
> Median size of all homes 1,584 sq. ft. (18th smallest)
> Median rooms per house: 5.6 rooms (22nd most — tied)
> Median home value: $197,200 (21st lowest)
> Median household income: $64,168 (21st highest)
[in-text-ad-2]
Source: mujun / iStock via Getty Images
Wyoming
> Median size of a $200k house: 1,290 sq. ft. (20th smallest)
> Median size of all homes 1,590 sq. ft. (21st smallest)
> Median rooms per house: 5.7 rooms (16th most — tied)
> Median home value: $235,200 (23rd highest)
> Median household income: $65,003 (19th highest)
Methodology:
To determine how much home you can buy for $200,000 in every state, 24/7 Wall St. reviewed data on median square footage by home value from real estate database company Zillow. Zillow’s data on the median square footage of a $200,000 home reflects the median square footage for all homes with a value between $190,000 and $210,000 and is current as of March 2021.
Data by state on median square footage for all home values also came from Zillow and is current as of March 2021. Supplemental data on median household income, median home value, and median number of rooms for all homes in a state came from the U.S. Census Bureau’s 2019 American Community Survey and are one-year estimates.
Essential Tips for Investing: Sponsored
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
