House Hunting in Italy: How Much Space Can You Buy in Italy for $200,000?

Recent research shows that Italy is the most popular homebuying destination for Americans in 2023, out of all countries in Europe and the Americas. The two primary reasons U.S. nationals are contemplating buying real estate in Italy are lifestyle and affordability. $200,000 is an average homebuying budget for many Americans who are moving abroad, which is about half the median U.S. home price, according to the St. Louis Fed.

Whether it’s a home to retire in, a vacation villa, or a house or apartment where you plan to start a new life, the most important questions that come up are, how much do properties cost in Italy and where should you buy?

Choosing a good location in Italy where you get the most value for your money is probably the hardest part for most wannabe expats who want to purchase a slice of la dolce vita. So My Dolce Casa’s research team looked at the sale price per square foot of real estate in Italy’s 30 largest cities and computed the average size house or apartment you can get for $200,000 in each of these locations.

As is the case in real estate, prices vary quite a lot depending on the location. On average, in Italy $200,000 buys you a 1,052-square-foot home, at a national average sale price of $190 per square foot. You will get the most space for your money, 2,222 sqft, in Reggio Calabria, in the Southern region of Calabria, and the least amount of space in Milan, the most cosmopolitan city in Italy, a small apartment of around 393 sqft. Somewhere in the middle you’ll find cities like Bari, Turin and Padua, where you can expect to buy around 1,000 square feet of home space for $200K.

Here’s how much space you can get for $200,000 in Italy’s largest cities, from the most to the least space: 

 

As you might have heard, Milan, Rome and Florence are quite expensive in terms of real estate and cost of living. But you can find plenty of great deals in other wonderful Italian cities where you can also enjoy a nice standard of living and emerge yourself in the Italian culture.

Perugia, for instance, is a great choice to live in for expats, not just because of its stunning beauty and youthful vibe, but also because of its affordable real estate. For $200K you can buy a nice-sized 1,695 square foot home, which is a great deal for such a popular area. Perugia’s population is just over 160,000, offering the amenities and activities of a large city at an affordable price.

Another hidden gem on this list is Bari, in the sunny region of Puglia. A moderately-sized, lively port city, Bari is a great place to live and property prices remain approachable here. For $200K, you can buy 1,075 square feet of space, which could be a large apartment or a mid-sized villa in town.

Ready for house-hunting? See how far will $200,000 take you in Italy’s top 30 cities: 

1. Rome, Lazio

Population: 2,761,600
Price per square foot: $307
Home size for $200,000: 651 sqft

2. Milan, Lombardy

Population: 1,371,500
Price per square foot: $509
Home size for $200,000:  393 sqft

3. Naples, Campania   

Population: 914,800
Price per square foot: $265
Home size for $200,000: 755 sqft

4. Turin, Piedmonte

Population: 848,900
Price per square foot: $189
Home size for $200,000: 1,058 sqft

5. Palermo Sicily   

Population: 630,800
Price per square foot: $132
Home size for $200,000: 1,515 sqft

6. Genoa, Liguria   

Population: 560,700
Price per square foot: $143
Home size for $200,000: 1,399 sqft

7. Bologna, Emilia-Romagna 

Population: 392,200
Price per square foot: $360
Home size for $200,000: 556 sqft

8. Florence, Tuscany   

Population: 367,200
Price per square foot: $416
Home size for $200,000: 481 sqft

9. Bari, Puglia  

Population: 316,100
Price per square foot: $186
Home size for $200,000: 1,075 sqft

10. Catania, Sicily  

Population: 298,300
Price per square foot: $122
Home size for $200,000: 1,639 sqft

11. Verona, Veneto   

Population: 257,300
Price per square foot: $240
Home size for $200,000: 833

12. Venice, Veneto   

Population: 254,700
Price per square foot: $451
Home size for $200,000: 443

13. Messina, Sicily   

Population: 220,100
Price per square foot: $102
Home size for $200,000: 1,961

14. Padua, Veneto   

Population: 208,700
Price per square foot: $204
Home size for $200,000: 980

15. Prato, Tuscany 

Population: 200,800
Price per square foot: $218
Home size for $200,000: 917

16. Trieste, Friuli-Venezia Giulia   

Population: 200,600
Price per square foot: $216
Home size for $200,000: 926

17. Brescia, Lombardy  

Population: 196,900
Price per square foot: $193
Home size for $200,000:  1,036

18. Parma, Emilia-Romagna  

Population: 196,700
Price per square foot: $224 
Home size for $200,000: 893

19. Taranto, Puglia

Population: 189,200
Price per square foot: $95
Home size for $200,000: 2,105

20. Modena, Emilia-Romagna   

Population: 185,600
Price per square foot: $233
Home size for $200,000: 858

21. Reggio Calabria, Calabria   

Population: 171,800
Price per square foot: $90
Home size for $200,000: 2,222

22. Reggio nell’Emilia, Emilia-Romagna   

Population: 169,000
Price per square foot: $190
Home size for $200,000: 1,053

23. Perugia, Umbria 

Population: 163,600 
Price per square foot: $118
Home size for $200,000: 1,695

24. Ravenna, Emilia-Romagna   

Population: 156,100
Price per square foot: $197
Home size for $200,000: 1,015

25. Livorno, Tuscany   

Population: 154,200
Price per square foot: $199
Home size for $200,000: 1,005

26. Rimini, Emilia-Romagna   

Population: 150,100
Price per square foot: $276
Home size for $200,000: 725

27. Cagliari, Sardinia   

Population: 148,900
Price per square foot: $238
Home size for $200,000: 840

28. Foggia, Puglia 

Population: 146,400
Price per square foot: $109
Home size for $200,000: 1,835

29. Ferrara, Emilia-Romagna 

Population: 131,100
Price per square foot: $143
Home size for $200,000: 1,399

30. Salerno, Campania   

Population: 128,100
Price per square foot: $257
Home size for $200,000: 778

Methodology:

When using or citing this data, please give credit to My Dolce Casa by linking to this report
Population data as of 2021. Source: Wikipedia
Home prices per square foot are computed by My Dolce Casa and are valid as of August 2023
The average home size in square feet was calculated by dividing 200,000 by the price per sqft in each location
Some numbers may be rounded

The post House Hunting in Italy: How Much Space Can You Buy in Italy for $200,000? appeared first on Moving, living, retiring abroad.

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