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How much can $300K buy in Detroit compared to other US cities?

A lot

Michelle & Chris Gerard

We all know that as far as houses go, you can still get a lot of square footage in Detroit. While the median house size in the US is about 1,700 square feet, here in Detroit, we often see homes with square footage well over 2,000, 3,000, and more.

Our friends at Point2 Homes, an international real estate portal based in Canada, have pulled together a comparison of how many square feet you can buy for $300,000 in 50 US cities, and yes, we’re at the top.

According to their data, we lead the way with how much you can get for your dollar, with a staggering 6,977 square feet for $300,000. OK, OK, we realize that finding something that size for that price means you’ll likely have to put thousands more into renovating it.

Cleveland came in second with just over 6,000 square feet, while cities like San Francisco and Manhattan, well, you can get a closet for that much money.

Point2 Homes

Later in their article, they discuss what you might want from your home. Is it just an access point for culture and being out in the city? Or are you staying in all the time? According to Point2, “Of course, the numbers don’t take into account the fact that Manhattan is the world capital of culture, fashion and finance, while Detroit is the first major bankrupt city in the US.”

Oh. (We may not be NYC, but there’s plenty to do here FYI)

So what can you get for around $300K right now? Our top choices would be:

A 3,000-square-foot home in the University District. This one was flipped this year and it’s asking $319K.

18655 Fairfield ANDY SCHWARTZ - STYLISH DETROIT REAL ESTATE PHOTOGRAPHY

This condo in Midtown is smaller, at just under 1,000 square feet, but you’re within walking distance from shops and restaurants, and you’d be close to downtown (if that’s your things). It’s listing for $290,000.

We’re also big fans of the beautiful condos in Indian Village manor. This one has been carefully restored and at 2,410 square feet, it’s asking $319,900 (plus HOA fees).

Indian Village Manor Condo Photos by Michelle & Chris Gerard