This is how much real estate $1 million can buy you in Detroit
An infographic culled from real estate sources offers this eye-popping stat: At $12 per square foot on average, $1 million can buy more than 83,000 square feet of real estate in Detroit.
Now, for all those looking to shake loose a cool $1 million (!), that’s not to say you can simply scoop up a handful of 10,000 square foot mansions — the data, first posted by Business Insider yesterday, is based off the median price per square foot in each city.
But it caught our eye that the next city on the list, Cleveland, could score a prospective buyer nearly four times as less real estate than Detroit at 21,739 square feet per $1 million.