Friday
December 19, 2014

You Can Find the Biggest Homes Here

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You Can Find the Biggest Homes Here

Builder recently ranked the top five markets for metro new-home buyers who are seeking space but not at a hefty price. To determine its top five, Builder considered only metros with populations of 500,000 or more and factored in new-home closings, to identify where supply meets demand, and the average price per square foot.

If you want to buy a big home, you’ll need to move to the following places, according to the study.

Big Home Revival

Luxury Returns to Housing

Downsizing Trend Reverses, Americans Want Big Homes Again

Average Home Upsized Post-Recession

1. Oklahoma City

The city has the lowest average cost per square foot of the top five at $203 and the largest average lot size at 18,453 square feet.

2. Dallas-Fort Worth-Arlington, Texas

Home buyers can find homes near 3,000 square feet for an average cost of $255 per square foot. Of the top five, Dallas-Fort Worth also has the highest average number of bedrooms per home at 3.9.

3. Jacksonville, Fla.

Jacksonville homes average $233 per square foot, while also offering short drives to the beach and handfuls of “new subdivisions along the way offering spacious single-family homes,” Builder notes.

4. Las Vegas

Las Vegas has an average cost per square foot of $237, with an average home size of more than 2,000 square feet, though it has the smallest lot size of the top five.

5. Nashville

It boasts an average price per square foot of $252 with homes that average more than 2,500 living square feet.

Source: “The Top 5 Big Cities for Buying Big Homes,” Builder Online (July 1, 2014)