Home
Back
Price Per Square Foot Formula:
| From: | To: |
Price Per Square Foot (PPSF) is a common metric used in real estate to compare property values by standardizing the cost relative to the size of the property. It helps buyers and sellers evaluate whether a property is priced fairly compared to similar properties in the area.
The calculator uses the simple formula:
Where:
Explanation: This calculation divides the total property cost by the total square footage to determine the cost per unit area, making it easier to compare properties of different sizes.
Details: Calculating price per square foot is essential for real estate comparison, investment analysis, property valuation, and ensuring you're getting fair market value when buying or selling a home.
Tips: Enter the total property cost in your local currency and the total square footage of the property. Both values must be positive numbers greater than zero for accurate calculation.
Q1: What is a good price per square foot?
A: This varies significantly by location, property type, and market conditions. Compare with similar properties in the same area to determine what's reasonable.
Q2: Does PPSF include land value?
A: Yes, PPSF typically includes both the structure and the land it sits on, unless specified otherwise in luxury or specialized property calculations.
Q3: How accurate is PPSF for property comparison?
A: While useful for initial comparisons, PPSF doesn't account for property condition, amenities, layout efficiency, or location nuances within the same area.
Q4: Should finished basements be included in square footage?
A: Typically, only above-grade living space is included in official square footage calculations, but local practices may vary.
Q5: How does property age affect PPSF?
A: Older properties may have lower PPSF due to outdated features, while well-maintained historic properties might command premium PPSF rates.