What a 1,500-square-foot home costs in 25 major cites around the US

Shutterstock

• A standard 1,500-square-foot single-family home can range in price, depending on location.
• We teamed up with Trulia to find out the median home value of a 1,500-square-foot house in the 25 most populous cities in the US.
• According to Trulia’s data, a 1,500-square-foot home can cost as little as $47,000 or as high as $1.3 million.
• Visit BusinessInsider.com for more stories.

A standard 1,500-square-foot home can be extremely affordable — or wildly expensive — depending upon location.

We teamed up with Trulia to find the median home value of similarly-sized houses in the 25 most populous cities in the US, from notoriously-expensive New York City to Indianapolis and Columbus, two of the most affordable cities for millennials to buy a home. The most expensive city on the list, perhaps unsurprisingly, is San Francisco. Previous reporting from Business Insider’s Katie Canales shows that even a "fixer" home will sell for over half of a million dollars.

Read more: Home values have more than doubled in the US since 1970 — here’s how much they’ve increased in every state

We looked at the most populous cities using data from the National League of Cities, and ordered them from lowest to highest median home value for a 1,500-square-foot house. 

Keep reading for a look at what a 1,500-square-foot home will cost in the 25 most populous US cities:

25. Detroit, Michigan

Rebecca Cook/Reuters

1,500-square-foot median home value: $47,241

24. Memphis, Tennessee

Shutterstock

1,50-square-foot median home value: $83,135

23. El Paso, Texas

cht725/Shutterstock

1,500-square-foot median home value: $116,098

See the rest of the story at Business Insider

See Also:

• What a $250,000 home looks like in 25 major US cities
• The 25 most popular cities for vacation homes in the US, ranked
• The Beverly Hills estate that Jennifer Aniston and Brad Pitt spent 3 years renovating before their divorce is for sale for $49 million. Here’s a look inside the 4-bedroom home.

SEE ALSO: What a $250,000 home looks like in 25 major US cities

NOW READ: Here’s the town with the most valuable homes in every state

Source: Business Insider – feedback@businessinsider.com (Marissa Perino)