If you have $1 million to spend on a home, you’re unlikely to suffer no matter where you choose to live. But the amount of home $1 million will buy varies widely across the country.
One crude way to calculate this is dividing $1 million by the median list price per square foot in a city. By this measure, $1 million will buy 3,472 square feet in Seattle, Business Insider reported recently, citing data from online real estate sites Movoto and Zillow.
That was the ninth-smallest amount among the 39 cities on the list. The size of home $1 million could by ranged from just 1,502 square feet in San Francisco to 83,333 square feet in Detroit.
That second figure shows the hazard of the approach of dividing by the median price per square foot. There aren’t a lot of 83,333-square-foot houses in Detroit, or anywhere else. In fact, a quick search found just six homes listed in Detroit for at least $1 million, and they topped out at 11,000 square feet (for $2.5 million).
So what could you actually buy in Seattle right now for $1 million? Actually, the only house listed for exactly that price in the city right now is 3,480 square feet, just eight square feet more than the Business Insider figure. The next-closest listing to $1 million, at $999,000, is 3,460 square feet.
Click through the gallery above for a virtual tour of both homes.
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