Property Value per Square Foot Calculator

Price per square foot/meter is a standard way to compare property values across different sized homes.

Price per Sq Ft = Purchase Price / Total Square Footage

Unit conversions:

• Imperial: Price per square foot = Price / sq ft
• Metric: Price per square meter = Price / m²
• 1 sq ft = 0.0929 m²
• 1 m² = 10.764 sq ft

National averages (US, 2024–2025):

• National median: ~$200/sq ft
• Low cost areas (rural Midwest): $80–120/sq ft
• Medium cost (suburbs): $150–250/sq ft
• High cost (major metros): $300–600/sq ft
• Very high cost (SF, NYC, LA): $600–1,500+/sq ft

What affects price per sq ft:

• Location is the single biggest factor
• Lot size — larger lots may have lower $/sq ft for the structure
• Condition and renovations can add $30–80/sq ft
• Smaller homes often have higher $/sq ft than larger homes in the same area
• Finished basement is usually valued at 50–75% of above-grade sq ft