A million dollars can pay for a whole lot of house — but just how much can vary immensely depending on where you’re trying to buy.
At a national level, the typical $1 million home is 2,200 square feet, with four bedrooms and two and a half bathrooms, according to a new Zillow analysis that used the company’s Zillow Home Value Index to analyze the market.
In practice, that house might look a lot like this two-story home for sale in Lake Forest, California, this waterfront home in Sunset Beach, North Carolina, or this townhouse in Washington, D.C.
That said, $1 million can go much further than that “standard” house in areas where real estate is affordable. And it can be depressing how little $1 million will buy you if you’re in the market for a home in an expensive city, like San Francisco.
In El Paso, Texas, millionaires hunting for a home can settle into a 7,030-square foot home with 5 bedrooms and 5.5 bathrooms, according to the study. That’s similar, though not identical, to this sprawling stucco estate with an elevator, carport and outdoor fountain currently on the market in El Paso.
At the other end of the spectrum, the median $1 million home in San Francisco has three bedrooms, one bathroom and measures 1,150 square feet, according to the study — similar to this compact home in the city’s southernmost neighborhood, Visitacion Valley. And that’s if you buy a home. The average $1 million condo in the Golden Gate City measures only 890 square feet, according to the study, and has just one bedroom and one bathroom.