A recent GOBankingRates report revealed that a $300,000 budget for purchasing a home varies dramatically across the United States, offering potential buyers vastly different options depending on the state.

In West Virginia, for instance, buyers can purchase over 2,000 square feet, significantly above the national average of 1,500 square feet available in 25 states. Conversely, states like Hawaii offer a stark contrast, where the same budget only affords around 443 square feet, highlighting the challenges many face in high-cost living areas, reported Fox 4 KDFW.

The report also indicated that several states, including Maine and California, yield less than 1,000 square feet for a $300,000 budget, placing substantial pressure on first-time homebuyers amid rising home prices and elevated mortgage rates.

Where does Texas rank?

Find out by reading the rest of the story from Fox:

A modest budget to buy a home stretches further than one might think in many U.S., according to a new report.

GOBankingRates, a site offering financial advice and credit information, analyzed how much house a $300,000 budget can afford across all 50 states, as well as what a $400,000 and $500,000 budget can look like.

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Here’s what the report found:

How much $300K, $400K, and $500K buy in each state

What we know:

Those with a $300,000 budget to buy a house could get something up to 1,500 square feet across 25 states, according to the report. West Virginia was ranked at the top, where $300,000 can buy more than 2,000 square feet worth of home. Hawaii was ranked last on the list, where a $300,000 budget can buy just 443 square feet on average, according to the report, which noted how that’s less than the average size of a studio apartment.

By the numbers:

Those with a $300,000 budget won’t get very much space in seven states – less than 1,000 square feet of home, according to the report: Maine (986 sq. ft.), Arizona (985 sq. ft.), New Jersey (969 sq. ft.), New York (787 sq. ft.), California (641 sq. ft.), Massachusetts (593 sq. ft.) and Hawaii.

The backstory:

Rising home prices in the U.S. and elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have kept many prospective home shoppers on the sidelines. This is especially true for first-time buyers who don’t have equity from an existing home to put toward a new home purchase.

The average rate on a 30-year mortgage in the U.S. remains high, but continued to ease slightly this week. It fell to 6.85% from 6.87% last week, mortgage buyer Freddie Mac said on Thursday. A year ago, it averaged 6.9%.

Dig deeper:

GOBankingRates said the cost per square foot increases in states with a high cost of living, compared to those that are less expensive. It added that the difference between the most expensive state (Hawaii, at $678 per square foot) and the cheapest (West Virginia at $167) is $511.

1. West Virginia

  • Square feet for $300,000: 2,185
  • Square feet for $400,000: 2,913
  • Square feet for $500,000: 3,641
  • Price per square foot: $137

2. Kansas

  • Square feet for $300,000: 1,894
  • Square feet for $400,000: 2,526
  • Square feet for $500,000: 3,157
  • Price per square foot: $158

3. Alabama

  • Square feet for $300,000: 1,876
  • Square feet for $400,000: 2,501
  • Square feet for $500,000: 3,126
  • Price per square foot: $160

4. Mississippi

  • Square feet for $300,000: 1,855
  • Square feet for $400,000: 2,473
  • Square feet for $500,000: 3,092
  • Price per square foot: $162

5. Oklahoma

  • Square feet for $300,000: 1,793
  • Square feet for $400,000: 2,391
  • Square feet for $500,000: 2,988
  • Price per square foot: $167

6. Arkansas

  • Square feet for $300,000: 1,781
  • Square feet for $400,000: 2,375
  • Square feet for $500,000: 2,968
  • Price per square foot: $168

7. Iowa

  • Square feet for $300,000: 1,776
  • Square feet for $400,000: 2,368
  • Square feet for $500,000: 2,960
  • Price per square foot: $169

8. Indiana

  • Square feet for $300,000: 1,733
  • Square feet for $400,000: 2,310
  • Square feet for $500,000: 2,888
  • Price per square foot: $173

9. Kentucky

  • Square feet for $300,000: 1,721
  • Square feet for $400,000: 2,295
  • Square feet for $500,000: 2,869
  • Price per square foot: $174

10. Michigan

  • Square feet for $300,000: 1,706
  • Square feet for $400,000: 2,275
  • Square feet for $500,000: 2,843
  • Price per square foot: $176

11. Missouri

  • Square feet for $300,000: 1,704
  • Square feet for $400,000: 2,272
  • Square feet for $500,000: 2,840
  • Price per square foot: $176

12. Georgia

  • Square feet for $300,000: 1,691
  • Square feet for $400,000: 2,255
  • Square feet for $500,000: 2,818
  • Price per square foot: $177

13. Nebraska

  • Square feet for $300,000: 1,685
  • Square feet for $400,000: 2,246
  • Square feet for $500,000: 2,808
  • Price per square foot: $178

14. North Dakota

  • Square feet for $300,000: 1,678
  • Square feet for $400,000: 2,238
  • Square feet for $500,000: 2,797
  • Price per square foot: $179

15. Minnesota

  • Square feet for $300,000: 1,668
  • Square feet for $400,000: 2,224
  • Square feet for $500,000: 2,780
  • Price per square foot: $180

16. Texas

  • Square feet for $300,000: 1,647
  • Square feet for $400,000: 2,196
  • Square feet for $500,000: 2,746
  • Price per square foot: $182

17. Maryland

  • Square feet for $300,000: 1,629
  • Square feet for $400,000: 2,172
  • Square feet for $500,000: 2,716
  • Price per square foot: $184

18. Tennessee

  • Square feet for $300,000: 1,617
  • Square feet for $400,000: 2,157
  • Square feet for $500,000: 2,696
  • Price per square foot: $185

19. Pennsylvania

  • Square feet for $300,000: 1,604
  • Square feet for $400,000: 2,139
  • Square feet for $500,000: 2,673
  • Price per square foot: $187

20. Illinois

  • Square feet for $300,000: 1,591
  • Square feet for $400,000: 2,121
  • Square feet for $500,000: 2,651
  • Price per square foot: $189

21. Louisiana

  • Square feet for $300,000: 1,587
  • Square feet for $400,000: 2,116
  • Square feet for $500,000: 2,645
  • Price per square foot: $189

22. Montana

  • Square feet for $300,000: 1,583
  • Square feet for $400,000: 2,111
  • Square feet for $500,000: 2,638
  • Price per square foot: $190

23. New Mexico

  • Square feet for $300,000: 1,577
  • Square feet for $400,000: 2,103
  • Square feet for $500,000: 2,629
  • Price per square foot: $190

24. South Carolina

  • Square feet for $300,000: 1,550
  • Square feet for $400,000: 2,067
  • Square feet for $500,000: 2,584
  • Price per square foot: $194

25. Ohio

  • Square feet for $300,000: 1,529
  • Square feet for $400,000: 2,038
  • Square feet for $500,000: 2,548
  • Price per square foot: $196

26. South Dakota

  • Square feet for $300,000: 1,493
  • Square feet for $400,000: 1,991
  • Square feet for $500,000: 2,488
  • Price per square foot: $201

27. Wyoming

  • Square feet for $300,000: 1,486
  • Square feet for $400,000: 1,982
  • Square feet for $500,000: 2,477
  • Price per square foot: $202

28. North Carolina

  • Square feet for $300,000: 1,401
  • Square feet for $400,000: 1,868
  • Square feet for $500,000: 2,335
  • Price per square foot: $214

29. Delaware

  • Square feet for $300,000: 1,388
  • Square feet for $400,000: 1,850
  • Square feet for $500,000: 2,313
  • Price per square foot: $216

30. Wisconsin

  • Square feet for $300,000: 1,360
  • Square feet for $400,000: 1,813
  • Square feet for $500,000: 2,266
  • Price per square foot: $221

31. Idaho

  • Square feet for $300,000: 1,351
  • Square feet for $400,000: 1,802
  • Square feet for $500,000: 2,252
  • Price per square foot: $222

32. Virginia

  • Square feet for $300,000: 1,290
  • Square feet for $400,000: 1,720
  • Square feet for $500,000: 2,150
  • Price per square foot: $233

33. Nevada

  • Square feet for $300,000: 1,254
  • Square feet for $400,000: 1,672
  • Square feet for $500,000: 2,090
  • Price per square foot: $239

34. Colorado

  • Square feet for $300,000: 1,245
  • Square feet for $400,000: 1,660
  • Square feet for $500,000: 2,074
  • Price per square foot: $241

35. Florida

  • Square feet for $300,000: 1,244
  • Square feet for $400,000: 1,658
  • Square feet for $500,000: 2,073
  • Price per square foot: $241

36. Rhode Island

  • Square feet for $300,000: 1,171
  • Square feet for $400,000: 1,561
  • Square feet for $500,000: 1,951
  • Price per square foot: $256

37. New Hampshire

  • Square feet for $300,000: 1,153
  • Square feet for $400,000: 1,537
  • Square feet for $500,000: 1,921
  • Price per square foot: $260

38. Connecticut

  • Square feet for $300,000: 1,143
  • Square feet for $400,000: 1,524
  • Square feet for $500,000: 1,905
  • Price per square foot: $263

39. Alaska

  • Square feet for $300,000: 1,137
  • Square feet for $400,000: 1,516
  • Square feet for $500,000: 1,895
  • Price per square foot: $264

40. Washington

  • Square feet for $300,000: 1,057
  • Square feet for $400,000: 1,409
  • Square feet for $500,000: 1,762
  • Price per square foot: $284

41. Utah

  • Square feet for $300,000: 1,033
  • Square feet for $400,000: 1,377
  • Square feet for $500,000: 1,721
  • Price per square foot: $291

42. Oregon

  • Square feet for $300,000: 1,017
  • Square feet for $400,000: 1,356
  • Square feet for $500,000: 1,695
  • Price per square foot: $295

43. Vermont

  • Square feet for $300,000: 1,006
  • Square feet for $400,000: 1,342
  • Square feet for $500,000: 1,677
  • Price per square foot: $298

44. Maine

  • Square feet for $300,000: 986
  • Square feet for $400,000: 1,315
  • Square feet for $500,000: 1,644
  • Price per square foot: $304

45. Arizona

  • Square feet for $300,000: 985
  • Square feet for $400,000: 1,313
  • Square feet for $500,000: 1,641
  • Price per square foot: $305

46. New Jersey

  • Square feet for $300,000: 969
  • Square feet for $400,000: 1,292
  • Square feet for $500,000: 1,615
  • Price per square foot: $310

47. New York

  • Square feet for $300,000: 787
  • Square feet for $400,000: 1,049
  • Square feet for $500,000: 1,311
  • Price per square foot: $381

48. California

  • Square feet for $300,000: 641
  • Square feet for $400,000: 854
  • Square feet for $500,000: 1,068
  • Price per square foot: $468

49. Massachusetts

  • Square feet for $300,000: 593
  • Square feet for $400,000: 790
  • Square feet for $500,000: 988
  • Price per square foot: $506

50. Hawaii

  • Square feet for $300,000: 443
  • Square feet for $400,000: 590
  • Square feet for $500,000: 738
  • Price per square foot: $678