As of 2023, the median new family home in the US measures in at just under 2,180 square feet. According to new research, however, there's only one state where homebuyers with a $300,000 budget can afford a property of roughly this size.

To reveal how much house $300,000 can get you across America, GOBankingRates found each state's price per square foot, then calculated the total average square footage of home that can be bought for $300,000 by state.

West Virginia is the only state where a property of more than 2,000 square feet can be purchased for $300,000, with that sum affording homebuyers an average of 2,185 square feet.

People get the least bang for their buck in Hawaii, where $300,000 can buy just 443 square feet of house — that's less than the size of a typical studio apartment.

There are six other states where a budget of $300,000 gets you less than 1,000 square feet: Maine (986 square feet), Arizona (985 square feet), New Jersey (969 square feet), New York (787 square feet), California (641 square feet) and Massachusetts (593 square feet).

Via GOBankingRates.

[Image credit: Kindel Media]