June 09, 2014

Price Per Square: A Global Perspective

Globe International Flags

Did You Know that housing in major U.S. cities is relatively inexpensive compared to other cities around the world? 

In fact, a 1,000 square foot home in San Francisco, one of America's most expensive markets, is three times cheaper than the same-sized home in London, and six times cheaper than a home of that size in Paris.

Let’s use the price per square foot value to break costs down:

Global Housing Price Table

Source: Credit Sesame

The United States remains one of the most affordable housing markets in the world, making homeownership possible for a large percentage of America's families – the homeownership rate was 65 percent in the first quarter of 2014.

Read other Did You Know? posts in our series to celebrate National Homeownership Month.

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