People who purchase a newly constructed home in New England are likely to enjoy a large building lot, but this space will also come at a price.

In an analysis of the United States Census Bureau's Survey of Construction, the National Association of Home Builders found that new single-family homes that were started in 2014 had a median lot size of 0.8 acres in New England. The next largest median lot size, 0.44 acres, was found in the East South Central region, which includes Alabama, Kentucky, Mississippi, and Tennessee.

The West South Central region—which includes Arkansas, Louisiana, Oklahoma, and Texas—had the smallest median lot size at 0.17 acres. This was followed 0.18 acres in the Pacific region (Alaska, Hawaii, and the West Coast states) and 0.18 acres and 0.19 acres in the eight states of the Rocky Mountain region.

In the South Atlantic region, consisting of the District of Columbia and eight states stretching from Florida to Delaware, the median lot size for new single-family homes was 0.25 acres. The Middle Atlantic region of New Jersey, New York, and Pennsylvania had slightly larger lots at 0.26 acres. Lots in the Midwest included a median size of 0.29 acres in the seven states of the West North Central region and 0.39 acres in the five states of the East North Central region.

The Survey of Construction also identified the New England lots as the most expensive among regions in the United States. Lots for new single-family homes started in 2014 had a median value of $92,000, more than twice the national median value of $40,000.

The most inexpensive lots were in the Mountain and Middle Atlantic regions, which each had a median value of $35,000. The South Atlantic region was close behind at $36,000.

Other median lot values included $47,000 in both the West North Central and East North Central regions, $55,000 in the Pacific and West South Central regions, and $70,000 in the East South Central region.

Ashok Chaluvadi, writing for the NAHB blog Eye on Housing, says the analysis used median figures rather than average ones because the averages tend to be influenced by extremes on either side. The analysis was limited to lots for new single-family homes built for sale rather than custom homes, which tend to be built on larger lots.