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The square footage will directly influence the purchase price, and it could make a big difference when marketing the property. Perhaps a more useful method of determining the size of your new home is to consider the layout. Maybe the home’s square footage caught your eye, but the floor plan doesn’t include a spacious owner’s suite or a guest bedroom for hosting family and friends. Or maybe there are plenty of bedrooms but the kitchen is small and cramped.
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All statistics are non-seasonally adjusted estimates, unless explicitly stated otherwise. In summary, Los Angeles, CA, is a city with a rich history, diverse geography, and a dynamic economy. It's a place where the entertainment industry meets technology, fashion, and more.
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The number has steadily increased over the decades, reflecting Americans’ desire for more rooms and larger homes. Basements have become the subject of many heated debates surrounding a home’s square footage. You see, basements — whether they are finished or not — should not be considered in a home’s total square footage, according to ANSI. That said, it is completely acceptable for homeowners to list the size of their finished basement in a separate part of the listing (separate from the home’s actual gross living area). So while today’s standards advise against adding the square footage of a finished basement to the home’s GLA, there’s no reason you can’t include the actual size of it somewhere else in the listing.
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Similarly, in New York, the average home costs $421.49 – the third most of any state. The average home size in New York is 1,490 square feet – the second smallest of any state. As the preference for large home sizes and low-density neighborhoods increases, many Americans are moving to states with larger houses.
Private rent price by property size
The latest real estate investing content delivered straight to your inbox. Other appraisers prefer the old fashioned way, or gathering a tape measure, pen, and paper. As a result of these different methods, some appraisers may have slightly different estimates. Don’t worry though, they are highly experienced at what they do and these minor differences should not negatively impact you. Smaller houses are more affordable to heat, cool, furnish, and maintain and easier to clean. K. Hovnanian® Homes is a national new home builder that has been committed to excellence since 1959.
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As you would expect in a state where everything is supersized, Texas ranks toward the top in home size. The average square footage of a home in Texas is about 2,031, with a median price point of just under $175,000. The average house in Oregon has about 1,780 square feet of space, which puts the state above the national average.
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While major coastal cities like San Francisco, San Jose, Los Angeles, New York City, and Washington, D.C. Were once the main drivers of job growth, in recent years employment growth has shifted to smaller, suburban cities with more affordable housing and lower costs of living. In Raleigh, NC, for example, the typical home was built in 1993, the second youngest median year built for homes in any major city. The average home in Raleigh is 2,366 square feet, the third largest of any city. Similarly, the typical home in Henderson, NV, was built in 1998 – the youngest housing stock of any city. The average home in Henderson is 2,337 square feet, the fourth largest of any city.
The four states with the largest average homes – Utah, Colorado, Idaho, and Wyoming – are all in the West and are largely rural. The average home in Utah, for example, is 2,800 square feet – more than double the 1,164-square foot average in Hawaii, the state with the smallest homes. The average Nevada home has gone from modest to jumbo since the beginning of the 20th century—home size increased by 191 percent in Las Vegas alone. Way back in the early 1900s, the average home size in the state was a teeny, tiny 800 square feet. While the average size of the American home has been increasing for decades, regional trends around the nation are also worth tracking.
Dense, coastal areas are pricey
Americans want larger homes in lower-density areas since the COVID-19 pandemic, and developers are quick to accommodate their demand. Construction on new homes is booming, and real estate values continue to soar. But every housing market is different, and while homes in some cities are getting larger, homes in other areas are downsizing.
For example, while the average home size in Colorado is about 2,500 square feet, the average home size in New York is only about 1,500 square feet, or 1,000 sq ft less. Average private rent for Wales was £727 in March 2024, up 9.0% (£60) from a year earlier. This annual rise was unchanged from the 12 months to February 2024, but remains below Wales's record-high annual rise of 9.8% in November 2023, which was the highest annual rise since this series began in 2010.
Knowing how to calculate square footage can save you from making some sizable, expensive mistakes. Another of Kallos’ rules of thumb is that each generation — grandparents, parents and children — living in a home should have an “away space” that affords privacy from other family members. But high costs of small homes in the West and Northeast may also be pushing people to look for cheaper, large homes in other parts of the country.
Home costs vary significantly depending on where you’re looking to live. As a homebuyer, one thing to consider when trying to figure out how much you can afford to pay for a house is your desired area’s typical price per square foot. If you’re preparing to list your home for sale, determining the property’s exact size is a crucial factor when setting your asking price. “For a home appraisal, we’re going to compare it to comparables or ‘comps,’” says Day, who looks for homes of similar size in the immediate area. An inaccurate square footage measurement could potentially result in an inaccurate appraisal price.
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