How Small is a Half Million Dollar House in Every State in 2023?

We don’t often cover real estate infographics but I wanted to make a special exception today since this one made my jaw drop. Having just purchased a house a few years ago, I can’t help but feel how lucky I am after seeing how high mortgage rates are jumping and how high house prices are skyrocketing. Let me just throw some statistics from this infographic at you to set the tone: a $500K house is 27.46% smaller today than it was in 2018 in Hawaii, 27.35% smaller in Connecticut, 25.83% in North Dakota, 23.53% smaller in Louisiana, and 22.42% smaller in Maryland. Those numbers are shocking but how would you feel if I told you that those are the 5 least affected states! Number 1 is Montana with a drop of 50.15%. That means you can only buy half the house you could in 2018, only 5 years ago. Take a deeper dive into this eye-opening infographic from BuilderPad below:

how-small-half-million-dollar-house-2023

Obviously real estate prices differ city-by-city and even neighborhood-by-neighborhood, but this state-level analysis gives us a clear look at how this problem doesn’t necessarily have borders in the United States. Here’s a quick look at the 5 states that have lost the highest percentage of square feet in a $500K house between 2018 and 2023:

  1. Montana – 50.15%
  2. New York – 46.85%
  3. Maine – 45.28%
  4. Tennessee – 45.22%
  5. New Hampshire – 44.6%

And here are the 5 states that lost the most square feet in a $500K house between 2018 and 2023:

  1. Kansas – 2,280.46
  2. Indiana – 2,101.45
  3. Oklahoma – 1,996.45
  4. Arkansas – 1,886.67
  5. Alabama – 1,815.54

About The Author

Editor-in-Chief

Eva is the founder and master puppeteer behind PixlParade! She delights in all forms of digital storytelling, and is often awestruck by the wonders that humans create everyday. The zany little seed known as PixlParade was planted when she attended the Art Car Parade one year in Houston. Each car was marvelous and unique, showcasing the talent and moxie of artists across the globe. Energized by the experience, she gathered like-minded individuals and launched PixlParade. Beyond the digital world, Eva loves hiking, gardening, dancing, and going on epic adventures with her dogs.

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