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See How Much House $300,000 Can Buy Across the U.S.

Have you ever asked yourself, “How much house can I afford?” in different cities across the country? Well, in conjunction with Realtor.com, we’ve crunchedthe numbers for you to find out what $300,000 buys in the 20 largest metro markets in the United States.

What’s more, we’ve figured out how much you’d need to earn in those cities to afford a $300,000 home, assuming you can find one. You can thank us later.

In the gallery below, you can see actual listings fromRealtor.com,as of Aug. 30, 2016, with an asking price of roughly $300,000. Click on the first image to open the gallery view and see thelisting data for each property.

As you can see,your money goes a lot further in states like Texas and Georgia, with more than 3,000 square feet of legroom in some stately suburbanMcMansions. But in places likeSan Francisco, Los Angeles and Seattle, you’d be feeling a bit cramped;you’d be lucky to find anything over 800 square feet in those cities at this price point. Ouch.

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To take the nerdy number crunchinga step further, we asked Realtor.com to find out the minimum annual income neededto buy a $300,000 home in these markets. The income estimates are not a one-size-fits-all solution for each situation; the figuresdepend heavily on the size of yourdown payment, and they don’t take into account other debts a homebuyer might have. Keep in mindthat the more money you put down,the less your loan amount will be — and that eases the pressure on how much you’d need to earn to afford a $300,000 in the nation’s 20 largest metros.

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It’s clear that you’ll get more for your moneybuying in the South and the Midwest than ontheEast or West coasts, but the latter options have cities with booming economies and job markets that make them more attractive than some of their Southern neighbors, especially to millennials.

Keep in mind, though, that price isn’t the only consideration of where you choose to live. Think aboutjob opportunities, crime, the local economy, schools, distance from family and friends, and home styles — all factorsthat might influence your happiness in a new home. Choose wisely, friends!

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Deborah Kearns is a staff writer at NerdWallet, a personal finance website. Email: dkearns@nerdwallet.com. Twitter: @debbie_kearns.NerdWallet writer Caren Weiner Campbell contributed to this report.

The article See How Much House $300,000 Can Buy Across the U.S. originally appeared on NerdWallet.

 
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