I know, a $600,000-plus house is big, but this will give you a basic idea of your expected costs. In this section, we’ll cover what goes into building a 2,561-square-foot home with a sales price of $644,750, according to the National Association of Home Builders. Other living expenses-like groceries, transportation and health care-will also depend on which state you call home.Īt this point, you may be asking yourself, What exactly makes up the cost of building a home? Don’t worry, I’ve got you covered on that front too. Housing isn’t the only cost that varies from state to state. But heads up! These prices don’t include the cost of the lot and lot prep-which could tack on another $100,000 or more based on your location. Here’s a look at the average cost to build a 2,000-square-foot home in each state. How much it costs to build a house also depends on where you build it. It sounds great to have an extra bedroom for when your best friends from college come to visit, but they can just as easily get a hotel for the weekend (and save you the time and headache of doing extra cleaning after they leave). Just one extra 11-by-12-foot bedroom (132 square feet) can add $20,000 or more to the overall cost of your home. You don’t want to cram your family into a house that’s way too small, but you also don’t want to waste money on space you don’t need. Before you think about selling all your furniture and purging your closets, think about how much space you’ll realistically need. You can see now why tiny homes are so popular! But wait.

3 Here’s the average price range for different home sizes: On the other hand, if you’re building a custom home, it could cost up to $500 per square foot or more. This is for a builder-grade home with nothing super fancy. The average cost to build a house by size is about $150 per square foot. With all those moving pieces, it’s difficult to give a one-size-fits-all answer to how much do new houses cost? But we can take a closer look at what the cost could look like for you if you’re curious about building a house. Now, the cost for you to build a house will depend on factors like the home size, location, labor and materials, and current real estate trends. 1The median sales price for a new house was $436,700 in July 2023, which is probably a little closer to what you might expect to pay to build a house. The average cost to build a new single-family home (including the cost of land) is $644,750, according to a survey by the National Association of Home Builders. What’s the Average Cost to Build a House? So how much does it cost to build a house these days? And will you be able to afford it? Of course, brand-new things usually come with a high price tag, which means building isn’t for everyone. Because, let’s be real, home is where most of life’s sweetest memories take place-and who wouldn’t want to live in a brand-new house built exactly the way they want it? For plenty of people, building their own home is a great idea.

Framing houses salary