Housing Availability Variation Across the US by Budget
For a slow-down and
interactive version see all regions.
Personal Interest
Seventeen years ago I lived in a walkin refrigerator in a warehouse on a $600/month budget -
I loved it. The artist warehouses in Oakland do contain a certain magic, if a few housing hazards as well.
The gain for me was a formative love of humanity, at the cost of
being plagued by adult onset asthma. Asbestos? Freeways? Who knows. What can I say? I've lived.
Since then, my budget, and housing standard has dramatically increased - I now have 3 refrigerators in a house.
On this journey through at least 20 addresses, the first 10 years all started with a sense of upward
momentum, a belief in a path forward to even better housing. The last few years housing has taken a
background role, as my quality of life improvements aren't going to come from a bigger house.
Who needs more than 3 refrigerators? Interestingly, I see this journey reflected in the data.
Increasing a budget from 200k to 400k opens up much more housing than an increase of 400k to 600k.
Take your pick of linear or log growth functions and starting points - but the conclusion holds.
The quality of life improvements we get from increasing lower housing budgets are dramatically larger
than the quality of life improvements we get from increasing higher housing budgets.
Progression of Housing Availability from 200k to 400k to 800k or rather Unstable to 2000sf Builder Grade to 4000sf Builder Grade Availability
Overall, I hope you take two conclusions from this data:
Small changes in house prices between 100k and 500k have dramatic effects on housing availability for most of the US population.
For folks working with budgets over 800k, the world is more open than you might think, especially if you're a remote worker.
-June
Chat-GPT Hot Take
Rising US housing prices have significantly impacted quality of life, leading to
increased financial stress and less disposable income for other necessities. Higher costs contribute
to housing insecurity, with more individuals facing eviction or homelessness. The stress associated
with unaffordable housing negatively affects both mental and physical health, while also limiting
access to quality education and economic opportunities due to geographic and financial constraints.
Moreover, expensive housing markets disrupt community cohesion and contribute to gentrification,
displacing long-standing residents. Overall, the affordability crisis in housing demands comprehensive
policy solutions to mitigate its wide-ranging effects on well-being.
-ChatGPT4
Housing Prices for Cities over 100k Population
See how far the above budget would go in the most expensive zip code in each city.
Location
Housing Level
Builder Grade PPSF
Median Home Sale
Median Days on Market
Builder Grade Home SF
Designer Grade Home SF
Estate Grade Home SF
New York, New York 10013
Unstable
1948
3552187
93
51
20
10
San Francisco, California 94129
Unstable
1464
6639454
54
68
27
13
Boston, Massachusetts 2199
Unstable
1401
2542467
93
71
28
14
Sunnyvale, California 94087
Unstable
1269
2573543
9
78
31
15
San Diego, California 92132
Unstable
1148
2031893
53
87
34
17
Cambridge, Massachusetts 2142
Unstable
1112
1694485
27
89
35
17
San Mateo, California 94402
Unstable
1089
2382416
17
91
36
18
Santa Clara, California 95051
Unstable
1023
1709488
10
97
39
19
Jersey City, New Jersey 7310
Unstable
861
974245
46
116
46
23
San Jose, California 95120
Unstable
851
2196722
12
117
46
23
Berkeley, California 94707
Unstable
843
1871991
14
118
47
23
Honolulu, Hawaii 96821
Unstable
841
1851571
62
118
47
23
Los Angeles, California 90077
Unstable
839
2643587
70
119
47
23
Fremont, California 94539
Unstable
835
1802105
14
119
47
23
Bellevue, Washington 98004
Unstable
820
1912852
24
121
48
24
Oakland, California 94618
Unstable
783
1719711
15
127
51
25
Daly City, California 94015
Unstable
767
1220281
15
130
52
26
Irvine, California 92602
Unstable
762
2271570
36
131
52
26
Pasadena, California 91105
Unstable
741
1574072
33
134
53
26
Carlsbad, California 92008
Unstable
722
1595819
25
138
55
27
Glendale, California 91207
Unstable
719
1728436
34
139
55
27
Charleston, South Carolina 29401
Unstable
699
1219342
59
142
57
28
Long Beach, California 90803
Unstable
690
1363190
42
144
57
28
Oceanside, California 92054
Unstable
677
1167396
20
147
59
29
Huntington Beach, California 92648
Unstable
677
1495007
41
147
59
29
Ventura, California 93001
Unstable
648
1035935
40
154
61
30
Seattle, Washington 98112
Unstable
645
1366541
12
154
61
30
Torrance, California 90505
Unstable
642
1307707
27
155
62
31
Costa Mesa, California 92626
Unstable
640
1318864
28
156
62
31
Burbank, California 91504
Unstable
637
1300458
35
156
62
31
Garden Grove, California 92845
Unstable
588
1011953
22
169
67
33
Boulder, Colorado 80304
Unstable
565
1371108
47
176
70
35
Santa Ana, California 92705
Unstable
555
1592410
39
180
72
36
Hayward, California 94542
Unstable
554
1372351
16
180
72
36
Oxnard, California 93035
Unstable
552
988531
46
180
72
36
Richmond, California 94805
Unstable
537
797784
13
185
74
37
Alexandria, Virginia 22301
Unstable
536
1006111
28
186
74
37
Washington, District of Columbia 20015
Unstable
527
1403176
16
189
75
37
Dallas, Texas 75205
Unstable
527
2007223
20
189
75
37
Orange, California 92867
Unstable
521
1134463
32
191
76
38
Sacramento, California 95837
Unstable
519
1611094
60
192
76
38
Fullerton, California 92835
Unstable
514
1102843
28
194
77
38
Austin, Texas 78746
Unstable
511
1674768
69
195
78
39
El Monte, California 91731
Unstable
509
742415
37
196
78
39
Thousand Oaks, California 91362
Unstable
506
1211755
37
197
78
39
Anaheim, California 92807
Unstable
498
1066585
33
200
80
40
Inglewood, California 90303
Unstable
487
843478
42
205
82
41
Salinas, California 93908
Unstable
486
1219929
40
205
82
41
Downey, California 90240
Unstable
485
927098
30
206
82
41
Concord, California 94518
Unstable
482
865680
11
207
82
41
Data Notes
House prices are taken from Redfin sales data and builder cost estimates. A local inflation rate is calculated and
augments a cost per sqft for different types of housing to estimate house costs in all zip codes. It should
be noted that some estimates don't indicate that all housing is available. For the multimillion dollar budgets,
these houses would have to be built in most locales.