Price per square foot calculator

Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying.

Ian Hawkins

Page written by Ian Hawkins. Last reviewed on June 25, 2024. Next review due July 1, 2025.


Purchase
Lease
Rental
sq feet (ft²)
$
.00

This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

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Purchase price per square foot

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How much is a square foot?

A square foot is a measurement used to measure an area. It represents the area of a square with sides that are each one foot long. The value of a square foot can vary depending on the context in which it is used, such as in real estate, construction, or flooring.

How to calculate price per square foot

To calculate the price per square foot, you need to know the total cost and the total square footage. Then, you divide the total cost by the total square footage. Here’s the formula:

Price per square foot = Total cost ÷ Total square footage

For example, if the total cost is $10,000 and the total square footage is 1,000 square feet:

Price per square foot = $10,000 ÷ 1,000 sq ft = $10 per sq ft

What factors affect price per square foot?

The price per square foot of a property can be influenced by various factors, both internal and external to the property itself. Internally, factors such as the property’s location, size, layout, age, condition, features, and features can have a big impact on the price per square foot. Properties located in good neighborhoods and close to schools, parks, shopping centers, and transportation hubs, often have a higher prices per square foot. Additionally, properties with larger square footage, modern layouts, high-quality finishes, and upgraded features typically have a higher prices per square foot compared to smaller properties.

Externally, market conditions, including supply and demand dynamics, current interest rates, economic trends, and local regulations, can influence property prices per square foot. In areas experiencing high demand and limited inventory, prices per square foot may be high, while in areas with oversupply or economic downturns, prices per square foot may decrease. Furthermore, factors such as zoning laws, property taxes, and development projects in the area can also impact property prices per square foot.

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