How Much Does a House of Money Really Cost?
July 2, 2015
Homes can be expensive, but just how much are they truly worth? The real estate brokerage Redfin set out to find out how expensive a house that was actually constructed from dollar bills.
Read more: Home Prices Are Accelerating
To figure it out, Redfin researchers took into account the dimensions of the average American home -- 1,811 square feet -- as well as averages like it's two stories; has exterior walls that are eight inches thick and interior walls that are five inches thick; a roof that is three inches thick and a floor that is two inches thick. The dimensions of a dollar bill -- 6.14" x 2.61" x 0.0043" -- was then used to calculate how many dollars it would take to build a house if you stacked the bills on top of each other.
The grand total: 441,435,440 dollar bills.
Home buyers are getting a deep discount considering the median home purchase price is currently $256,000.
Updated: November 23, 2020