Enter the total price of the building and the total square footage of the house or unit to calculate the cost per square foot.
Cost Per Square Foot Formula
The following formula is used to calculate the cost per square foot or a building.
CPSF = TC / A
- Where CPSF is the cost per square foot
- TC is the total cost of the building
- A is the total area in square footage
Cost Per Square Foot Definition
A cost per square foot is a cost per unit of area typically used in real estate to describe the value of a property by area.
Cost Per Square Foot Example
How to calculate a cost per square foot?
- First, determine the total cost of the building.
Calculate the total cost of the building/floor/unit.
- Next, determine the total area.
Calculate the total area.
- Finally, calculate the cost per square foot.
Calculate the cost per square foot using the equation above.
FAQ
What is the average cost per square foot for a house?
The average cost per square foot for the US is $111.05.
