Football is America’s game and the National Football League (NFL) is America’s league. In the United States, NFL games dominate television ratings year in and year out while stadiums across the country are filled to capacity every week as ravenous fans cheer on their favorite teams.

Considering how much these football palaces come to feel like a home away from home for the players and fans during the football season, the team here at Homes.com began to think about what it would look like if we were to think of NFL stadiums as actual homes. Since we’re the experts in helping people find and purchase their dream homes, this train of thought naturally led us to consider what it would look like if someone were to put these stadiums up for sale.

We think it might go a little something like this:

It’s only appropriate to kick this off with the home of the defending champions, Philadelphia‘s Lincoln Financial Field. The Eagles had a dream season last year – going 13-3 to win the NFC East before a storybook playoff run led by backup quarterback Nick Foles culminated in an all-time classic Super Bowl victory.

While the Linc now houses a Lombardi Trophy, we didn’t want to let that sway us when figuring out a fair asking price for the stadium. To be fair to all the stadiums in the league, we knew that we needed a uniform way to set prices. While we collected data on things like original construction costs and ongoing renovation costs, differences in stadium amenities and inflation rates made it difficult to fairly assess stadium value.

In light of that, we decided to boil our asking prices down to a simple formula: total square footage times the price per square foot for local real estate near the stadium sites. We were able to collect data on how many square feet of space each stadium in the NFL contains through team and stadium websites, while an industry database provided us with the information we needed regarding pricing per square foot.

Additionally, we collected data on the number of luxury suites in each stadium and added those to our listings, similar to how bedrooms are normally included, as well as listing out how many bathrooms are in a stadium whenever possible.

Using this valuation system we devised, it turns out the home of the Eagles would be the least valuable stadium in their division. It’s the smallest stadium in the National Football Conference (NFC) East, at only 1.7 million square feet, and Philadelphia’s real estate market is the most affordable in the division as the local price per square foot is only $143. All told, these factors mean that, according to our formula, a fair asking price for such a property would come in at $243.1 million.

Heading south, Jerry Jones’ massive new monument to his team in Dallas is among the most expensive and technologically advanced stadiums on Earth. But, if it were to be evaluated according to local pricing trends, it would only be listed for $452.6 million dollars, despite having over three million square feet of space! While Jerryworld is the biggest stadium in the division by far, local prices for real estate in the highly competitive New York and Washington, D.C. markets mean that a pair of stadiums in those cities would actually have higher baseline asking prices despite each being at least a million square feet smaller than the Cowboys home stadium.

Since we looked at the winners of Super Bowl LII, it only made sense to look at the team they defeated, the New England Patriots, a team in the American Football Conference (AFC) East. Another reason we chose to make the AFC East the second division is the fact that one stadium is home to a team in AFC East division (New York Jets), as well as one from the first division we analyzed, the NFC East (New York Giants), giving us an interesting comparison point between these divisions.

While MetLife had the highest initial asking price of any NFC East team according to our formula, it actually finished behind New England’s Gillette Stadium. The New York area is known for having a very expensive housing market, but it’s the area around Foxborough, Massachusetts that actually proved to be more expensive per square foot. This caused the asking price for Gillette to be higher than MetLife, despite being a smaller stadium.

After evaluating the two Super Bowl LLI participants and the rest of their division rivals, we wanted to produce similar listings for the rest of the NFL. Sticking to our theme, we gave the top spot to each champion of last year’s division, with the remaining stadiums in every division comprising the similar listings section at the bottom.

Luckily this approach means that the stadium headlining the NFC North is also the one that hosted the classic tilt between the Patriots and Eagles, Minnesota’s US Bank Stadium. Despite being one of the NFL’s showcase stadiums and recently hosting the league’s premier event, the incredibly reasonable home prices in Minneapolis mean the asking price produced by our formula is less than $300 million. This kind of affordability is a theme throughout the division, as property prices in the Midwest mean that all of the stadiums having a relatively low asking price, with Green Bay’s historic Lambeau Field being the most affordable at an initial valuation of $207.9 million.

Speaking of historic franchises, iconic stadiums, and affordable housing, the AFC North mirrors and even tops their counterparts in the NFC when it comes to those kinds of metrics. The Pittsburgh Steelers are one of the NFL’s most legendary teams and their Heinz Field home on the riverfront has become iconic in its own right. Despite the storied history of the current tenants and the stadium’s respected standing around the league, the asking price for this Steel City landmark is just $163.9 million, less than every team in the NFC North. Such a low initial valuation stems from a combination of the stadium’s size-1.49 million square feet is relatively small in the NFL-and the reasonable real estate market in the Pittsburgh area where the price per square foot is just $110.

On the opposite end of the price spectrum, the NFC West is the only division to feature two stadiums with initial asking prices in excess of $1 billion. Last year’s division-winning Los Angeles Rams, and their soon-to-be-completed LA home, lead the way at nearly $1.5 billion. This is thanks to the combination of a $485 price tag per square foot of real estate in the area and the gigantic, three million square feet of space the stadium project will take up when it’s completed.

Joining them in the billion dollar club is Levi’s Stadium, home of the San Francisco 49ers. This stadium was opened in 2014 and comes in with an asking price that nearly rivals the Rams, at over $1.4 billion. That total is due largely to the insane price per square foot of the Silicon Valley housing market, a jaw-dropping $764. This allows Levi’s Stadium to come close to the Los Angeles figure, despite being over a million square feet smaller.

The NFC West isn’t the only division with a team that will get to call that enormous and enormously expensive Los Angeles stadium home, however. The Rams will be sharing the space with the Los Angeles Chargers of the AFC West once Los Angeles Stadium opens in 2020.

Interestingly, the AFC West features another stadium currently under construction that is set to open in 2020, as the Oakland Raiders plan to move to Las Vegas and play in the 1.75 million square foot Las Vegas Stadium. The per square foot pricing in the desert is much more reasonable than in LA, however, making the asking price for that stadium a modest $267.8 million, putting them within $100 million of Arrowhead Stadium, the home of the division-winning Kansas City Chiefs that opened in 1972.

Speaking of new stadiums, Mercedes-Benz stadium only opened last year and features two million square feet of space for fans to go wild cheering the Atlanta Falcons on to victory. That square footage is the only reason the shiny new stadium features the highest asking price in the division, as the $115 per square foot of Atlanta real estate is the lowest of any city in the NFC South.

It is actually eerie how similar the stadium situation of the 2017 division champion New Orleans Saints is to that of the Falcons. Both teams play in a stadium sponsored by Mercedes-Benz, both stadiums clock in at two million square feet, and the price per square foot of property in New Orleans is only $3 cheaper than in Atlanta.

Last but not least, we have the AFC South, where the oldest stadium in the division opened in Jacksonville in 1995. The Jaguars call that stadium home, winning the division last year and very nearly won the AFC. They have an in-stadium pool and connected party deck, something that is surely necessary for the Florida heat, and would definitely add some value to a stadium with an initial asking price of $196.5 million based on our formula.

Speaking of our formula, the most expensive stadium in the AFC South according to those standards is Houston’s NRG Stadium, with an initial asking price of $233.7 million. That is the lowest price for the most expensive stadium in any division in football, coming in just under Atlanta’s $236 million in the NFC South.

With the return of football season, fans around the country can visit their favorite team’s home venue or visit another team’s stomping grounds to cheer their squad on to victory. And while you can’t actually buy any of these stadiums and make them your home, here at Homes.com we can help you find the perfect home close enough to allow you call your favorite team your neighbors!

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