San Francisco is no stranger to outrageous real estate prices, but the recent news of a storage unit selling for a whopping $160,000 in a luxury condominium development may be the most outlandish yet.
While the purchaser was no doubt thinking about the convenience of having a storage locker in their own building, that price tag still seems extreme. For a 90-square-foot storage unit, the buyer ended up forking over $1,777 per-square-foot!
What $160,000 Buys You Elsewhere
San Francisco is known for having exorbitant real estate prices, but $160,000 for a storage unit still seems hard to imagine. To put that cost into perspective, here’s what $160,000 can get you in amore favorable markets around the country.
A 3-Bedroom Split-Level in Omaha, NE
This 3-bedroom home in Omaha, NE is listed at $155,000. With 1,524 square feet, that puts it at about $102 per square foot. The median list price per square foot in Nebraska is $122, so for $160,000, you should be able to afford most homes up to about 1,311 square feet.
A Beachfront Condo in Panama City Beach, FL
This 1-bedroom condo in Panama City Beach, FL is listed at $140,000 and is located right on the beach! It’s just 815 square feet, putting it at about $171 per square foot.
A 3-Bedroom Ranch in Waco, TX
This 3-bedroom ranch style home in Waco, TX is listed at $159,900. At 1,749 square feet, that’s about $91 per square foot! The median list price per square foot in Texas is $118, so for $160,000, you could feasibly afford most homes under 1,355 square feet.
An Oceanfront Condo in Ocean Shores, WA
This 2-bedroom oceanfront condo in Ocean Shores, WA is listed at $154,000. It’s just 890 square feet, putting it at about $173 per square foot. The median list price per square foot in Washington is $187, so for $160,000, you could afford homes up to about 855 square feet.
A 3-Bedroom Bungalow in Bradenton, FL
This 3-bedroom bungalow home in Bradenton, FL is listed at $127,000 and located just minutes from downtown. At 1,143 square feet, that’s about $111 per square foot. The median list price per square foot in Florida is $157, so for $160,000, you should be able to afford up to about 1,019 square feet.
A Better San Francisco Storage Option
If you’re looking for additional storage in the San Francisco area, the good news is you don’t have to pay up to $160,000 to get it! Extra Space Storage has 8×12 storage units starting as low as $184 per month. Get the space you need without breaking the bank, even in the Bay Area! Find a storage unit near you now!