With the coronavirus pandemic has come demand for additional space in residential real estate. And what that's meant for many is a desire for suburban living.
As social distancing and remote work have driven up demand for houses in the suburbs for most of the last year, many urban dwellers have chosen to abandon city life for more space in less-crowded neighborhoods. But extra space usually costs more, especially when it's near a major city.
With that in mind, real-estate listings and news website Realtor.com analyzed property across the US' largest metro areas, and found that buyers seeking large homes near big cities across the nation's 10 largest metros can save, on average, nearly 30% per square foot if they buy a home in nearby suburbs.
The analysis studied single-family homes of 1,800 square feet or more in the urban and suburban neighborhoods of each metro. Suburbs were ranked by lowest median price per square foot and were kept within 25 miles of each metro's downtown area.
That said, these are the 10 American suburbs that made the list.
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10. Fullerton, CA
Urban metro: Los Angeles, CA
Median listing price: $1,155,000
Savings per square foot: 27% (suburban, $418; urban, $570)
9. Ashton, MD
Urban metro: Washington, DC
Median listing price: $844,000
Savings per square foot: 39% (suburban, $178; urban, $294)
8. Clark, NJ
Urban metro: New York, NY
Median listing price: $798,000
Savings per square foot: 34% (suburban, $242; urban, $366)
7. Pine Island Ridge, FL
Urban metro: Miami, FL
Median listing price: $679,000
Savings per square foot: 34% (suburban, $224; urban, $341)
6. Hanover, MA
Urban metro: Boston, MA
Median listing price: $670,000
Savings per square foot: 34% (suburban, $231; urban, $350)
5. Jersey Village, TX
Urban metro: Houston, TX
Median listing price: $447,000
Savings per square foot: 36% (suburban, $126; urban, $198)
4. Marietta, GA
Urban metro: Atlanta, GA
Median listing price: $440,000
Savings per square foot: 21% (suburban, $143; urban, $181)
3. Palos Hills, IL
Urban metro: Chicago, IL
Median listing price: $379,000
Savings per square foot: 24% (suburban, $139; urban, $184)
2. Cedar Hill, TX
Urban metro: Dallas, TX
Median listing price: $352,000
Savings per square foot: 23% (suburban, $124; urban, $161)
1. Sicklerville, NJ
Urban metro: Philadelphia, PA
Median listing price: $282,000
Savings per square foot: 20% (suburban, $118; urban, $148)