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How Much is $1 Million, Really?

by Peter Thomas Ricci

$1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others.

How much is $1 million, in the grand scheme of things? According to some very interesting new research from Zillow, the answer to that question differs quite substantially based on what market you’re looking at.

Everyone involved in real estate knows that all housing is local, and perhaps no aspect of the market demonstrates that truism better than the amount of house you can buy for a given amount of money – so, using numbers from Zillow, we’ve put together the following graphic, which compares how much square footage you can buy with $1 million across the U.S.:

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