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Homebuying on a Budget? Avoid These 15 Locations

When it’s all said and done, buying real estate is about the final price. You’ve done the research, so you know the best places for low property taxes. Maybe you know how to catch some tax breaks when buying a home. And you’re prepared, so those unexpected costs of owning property won’t come as a shock.

Still, a study by NerdWallet shows nearly half of Americans would change something about their homebuying process if they could do it again. One way to avoid regrets is to know what you can afford. If you’re in the market for real estate, you probably have a price in mind and a budget to follow. Visual Capitalist looked at real estate prices in counties throughout the United States and determined the most expensive markets based on price per square foot.

Here are 15 places where the price you’ll pay per square foot will blow your budget out of the water.

15. Portland, Oregon

Portland

Portland Home prices are high in Portland. | iStock/Getty Images

  • County: Multnomah
  • Average price per square foot: $285

If you’re looking to enjoy Portland’s natural beauty, stellar craft beer scene, or the renowned Voodoo Doughnut, be prepared to pay for that luxury. Visual Capitalist’s 3D map of real estate prices notes in Multnomah County, where Portland is, you’re paying an average of $285 per square foot. At that rate, a $300,000 price tag gets you about 1,052 square feet, which is about 536 fewer square feet than the same price gets you statewide, according to information from GOBankingRates.

Next: Portland’s Pacific Northwest brethren makes the list.

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