The analysis was compiled by California-based Home Bay, a real estate brokerage company.
The Birmingham skyline at sunset, looking west from the roof of the Elyton Hotel downtown, on Dec. 21, 2021.Birmingham is the fourth least expensive city for buying a home in the U.S. among comparable metro areas.The company looked at data from the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, and Realtor.com. Prices and square footage are based on the most recent national data from 2022.
At the same time, the median square footage of new single-family homes in the U.S. increased 52% since 1980 to 2022, from 1,650 square feet to 2,383 square feet. At the other end of the spectrum, Cleveland, Ohio, home of the Rock & Roll Hall of Fame and broken sports hopes, is the least expensive city based on the price per square foot, at $133 per square foot. It has a median home price of $133,000.
$300,346. Median square footage is 1,906, making a median home price of $158,000. By contrast, the national median home price is $410,000.
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