If you’re planning to build a home in 2022, here’s how much it will cost.
A new home costs about $336,000 on average in the United States. That’s according to the U.S. Census Bureau, which surveys new homes sold across the country every year.
The average price of a new single-family home peaked at $365,200 in 2006, but it has been declining since 2008. The average was $336,100 in 2017 and $325,100 in 2018.
The total cost of building a home includes labor and materials as well as interest on any loans taken out to pay for construction or land costs. It also includes developer fees and other costs associated with building a new home.
The following chart shows how the average cost of building a new home has changed over time:
Cost to build a home in 2022
The average cost to build a house in the United States is $340,000. The average cost to build a house in New York City is $1,100 per square foot. The average cost to build a house in Washington, DC is $430 per square foot.
The cost breakdown of building a home depends on the size and complexity of your project. The following are some examples of what you can expect to pay for each category as well as an estimate of how much it costs to build a 3 bedroom home from scratch in 2022:
Land – $8,000 – $40,000 depending on location, zoning laws, etc.
Bathrooms – $5,000 – $10,000 each
Kitchen – $7,500 – $15,000 depending on size and amenities
Flooring – $2,500 – $5,000 depending on type (hardwood vs carpet) and whether it’s installed by professionals or DIYers
Windows/Doors/Door frames/Exterior trim – $2,500-$5,000 each depending on whether they’re custom-made or store-bought/stamped (and what material they’re made out of) and how many total you need
average cost to build a 4 bedroom house
The average cost to build a 4 bedroom house in the United States is $335,400. That’s according to HomeAdvisor, who surveyed over 7,000 homeowners and builders on the cost of building a new home.
The average cost breakdown for building a 4 bedroom home is as follows:
Land & Site Work: $32,600
Foundation: $16,800
Wall Framing: $12,200
Roof Framing: $5,900
Masonry & Concrete Work: $5,800
HVAC System Installation: $4,500
Plumbing (Heating): $3,800
Siding/Drywall/Carpet/Painting: $2,900