Home | Newsletter | Advertise

From DC to San Francisco, What $1 Million Buys

  • October 17th 2019

by Nena Perry-Brown

✉️ Want to forward this article? Click here.

A home for sale for just under $1 million in DC.

UrbanTurf's What X Buys series has illustrated how far $1 million goes in the DC area several times over the years, with offerings ranging from a sprawling four-bedroom in Maryland to a two-bedroom condo in DC's toniest neighborhood.

Now, we have a sense of how far that budget goes in other parts of the country. 

A recent Zillow report examines what $1 million buys in metropolitan areas across the country. In 88 of the 100 largest cities, $1 million buys a detached single family home with anywhere from under 1,500 to over 6,000 square feet of living space. The study identifies the median $1 million home in DC as a three-bedroom rowhouse with 2.5 baths and 1,648 square feet of space.

Elsewhere in the DC area, $1 million goes further: the median million-dollar home in Silver Spring is 4,686 square feet, while in Fairfax, it is 3,815 square feet. In Arlington, $1 million can get you a 2,000 square foot house.

The one million dollar budget doesn't stretch nearly as far in some of the country's most expensive cities. In New York City, the median price for a 1,000 square-foot co-op is $1 million; in San Francisco, that drops down to 888 square feet. 

See other articles related to: million dollar homes, what x buys, what x buys you, zillow

This article originally published at https://dc.urbanturf.com/articles/blog/what-1-million-buys-in-the-dc-area-and-nationwide/16028.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse