What $1 million will get you in today’s housing market in Arizona

Phoenix Business Journal

By Angela Gonzales | Phoenix Business Journal

It’s no secret homeowners in metro Phoenix get more bang for their buck when compared with coastal cities such as New York and San Francisco.

Zillow Group Inc. recently released a study that looks at exactly how much space a homeowner can get in 100 of the largest cities across the country.

The study found that $1 million can buy a nice mansion in 10 of the largest U.S. cities — with four of those cities are in Texas. But $1 million only covers the cost of a 900-square-foot condo in San Francisco.

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