By AZ Business Magazine
As remote work became widespread over the last two years, the need for more space pushed some homebuyers out of their comfort zone and into the race for a better and bigger home. So, how much home will $400,000 get you in Arizona?
With home prices reaching a national all-time high of $405,000 and an increase in the average square footage for new single-family homes, Point2 analysts wanted to look into how much home space $400,000 would buy in the nation’s 100 largest cities.
Below you have some of the key takeaways for Arizona:
• Tucson is among the top 50 largest cities with the most affordable square footage, providing more than 1,800 square feet of living space for $400,000;
• 5 large cities in Arizona also provide more than 1,300 square feet of living space for the new national median, with Glendale and Mesa offering 1,471 and 1,575, respectively;
