New home construction costs vary widely across the United States. According to a recent study. Although new home construction costs are on the rise, there are still many affordable cities for new home construction. The most affordable city for new home construction is Houston, Texas. The average cost of a new home in Houston is $85 per square foot. This is significantly lower than the national average of $100 per square foot. Other affordable cities for new home construction include Tampa, Florida; Atlanta, Georgia; and Phoenix, Arizona.
The most affordable cities for new home construction are:
Houston, Texas – $85 per square foot
Houston, Texas – The land of oil and finance is not slowing down its growth. In fact, they are building more homes than ever before! This means Houston will have a severe problem with space soon if something isn’t done about it soon because there aren’t enough houses for all the people who want one. As we can see from this quote by an expert in construction cost trends; “The average price per square foot has gone up,” but yet still remains affordable at only $85/sq ft when considering that many pay mortgages around 80K+ annually on these new builds which leave them out money for other things.” The average price of a new home in Houston is $85 per square foot.
Tampa, Florida – $93 per square foot
Tampa, Florida – ACity That. The construction industry is booming thanks to a strong economy and population growth. With all these newcomers coming into town looking for homes they can afford it’s no wonder that prices keep rising each year; however you will still find plenty of deals if you are willing to wait a while or move quickly enough before someone else buys up the area first hand(literally). For instance, I just came across this nice little place called “The Oak Isles” which was $65 per sq ft but don’t worry because their waiting list says 3+years.
Atlanta, Georgia – $94 per square foot
As the capital of the south and one of the most populous cities in America, it is no wonder that homes here are in such high demand. Despite this, you can find many affordable new builds if you look hard enough or are willing to be a little more patient during your search. For example, prices in Atlanta average around $94/sq ft but I recently found a development called “The Ridges at Carriage Hill” which is only $88.50.
Phoenix, Arizona – $97 per square foot
The cost of living in Phoenix, Arizona is still relatively affordable when compared to other large metropolitan areas. The average new home construction price has also been rising; however, there are deals out there if you know where the perfect property for your needs can be found! For example, I recently came across “The Park at Desert Ridge” which was only $97 per square foot – not too bad considering all that’s included with this development: golf courses, parks/recreation centers alongside beautifully designed homes.
Dallas, Texas – $99 per square foot
The average price for new home construction in Dallas, Texas is $99 per square foot. Despite the high cost of living in Dallas, there are many affordable new homes available if you know where to look. There are a number of new home developments in Dallas that are very affordable. One such development is “The Trails of Frisco.” The average cost of a new home in this development is $99 per square foot.
Austin, Texas – $106 per square foot
Austin, Texas is one of the most expensive cities in the United States for new home construction. The average price of a new home in Austin is $106 per square foot. Despite the high cost of living in Austin, there are many affordable new homes available if you know where to look. One such development is “The Enclave at Cedar Park.” The average cost of a new home in this development is $106 per square foot.
San Francisco, California – $110 per square foot
San Francisco, California is one of the most expensive cities in the world for new home construction. It is not uncommon to see new homes in San Francisco selling for over $1 million. The average price of a new home in San Francisco is $110 per square foot. When compared to the cost of living in San Francisco, the prices of new homes are relatively affordable.
New York, New York – $115 per square foot
New York, New York is one of the most famous and costly cities in the world. The average price of a new home in New York is $115 per square foot. You can find many affordable new homes in New York if you are willing to look in the right places. One such development is “The Bronx borough.” The average cost of a new home in this development is $115 per square foot.
New Home Construction and costs can be expensive, but there are many affordable cities if you know where to look. The most affordable cities for new home construction are Atlanta, Phoenix, Dallas, Austin, and San Francisco. New York is the most expensive city for new home construction.