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Question DetailsAsked on 6/9/2017

How much does it cost to build a 1000 square foot home

Plain simple home 1000 square feet

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Nationwide average - about $105 median (half cost less, half cost more) or about 125/SF mean (the average cost for all new homes) - not including land, though can range from about $70-400/SF by area and how fancy the construction is, and high-rise residential construction like in Manhattan can typicalliy run more like $400-600/SF and reach as high as $1000/SF - ditto for very high end mansions where some exceed $1000/SF.


You can google a search phrase like the following (putting in your nearest large town's name in place of Mytown) for local data from the National Association of Home Builders - NAHB cost to build home Mytown.


The US Government data can be found by locale at the census.gov and fhfa.gov websites, and your local board of realtors/MLS websites commonly has average data (new and used homes both) for their service area.


In most of the country, around $125-150/SF would cover the normal new subdivision house, around $200-250/SF the normal higher-end larger (say around 4000SF home) or higher priced living cost areas, and for major cities preferred development areas commonly $200-300/SF, though places like Manhattan and parts of Beverly Hills/West LA, Silicon Valley, Boston, CT suburbs of NYC, etc can commonly run in the $400/SF and on up where land is tight and demand is high. On the other hand, in many of the cheaper to live in parts of the midwest and deep south under $100/SF is common, especially in rural areas outside the high-demand city and suburb limits.

Answered 1 year ago by LCD




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