Introduction
The median home price varies significantly across the states. California has the highest median home price at $843,800, followed by Hawaii at $715,900 and Washington at $668,400. These states reflect the higher cost of living and desirable locations, contributing to the higher home prices. On the other end of the spectrum, Ohio has the lowest median home price at $236,700, followed by Oklahoma at $242,500 and Indiana at $245,300. These states generally offer more affordable housing options compared to their counterparts with higher median home prices.
The median home price by state provides valuable insights into the housing market and the overall affordability of housing across different regions. It showcases the varying economic conditions, population density, and demand for real estate. Factors such as job opportunities, quality of life, amenities, and geographic location influence the median home price in each state. Additionally, supply and demand dynamics, housing market trends, and local regulations also play a role in shaping home prices. Understanding the median home price by state helps individuals make informed decisions when it comes to buying or selling a home, considering factors such as affordability, investment potential, and regional economic stability.
Median Home Price USA
| # | State | Median Home Price | Median Rent Price | Average Home Value |
|---|---|---|---|---|
| 1 | California | $843,800 | $1,586 | $675,063 |
| 2 | Hawaii | $715,900 | $1,651 | $740,097 |
| 3 | Washington | $668,400 | $1,337 | $518,215 |
| 4 | Colorado | $624,000 | $1,335 | $490,123 |
| 5 | Massachusetts | $604,200 | $1,336 | $514,230 |
| 6 | Utah | $575,100 | $1,090 | $471,970 |
| 7 | New York | $559,900 | $1,315 | $359,173 |
| 8 | Oregon | $527,600 | $1,173 | $453,856 |
| 9 | Idaho | $521,200 | $887 | $428,378 |
| 10 | New Mexico | $518,300 | $857 | $250,102 |
| 11 | Arizona | $471,300 | $1,097 | $357,967 |
| 12 | Nevada | $465,000 | $1,159 | $369,138 |
| 13 | New Jersey | $454,500 | $1,368 | $406,423 |
| 14 | Virginia | $447,500 | $1,257 | $338,714 |
| 15 | New Hampshire | $434,100 | $1,145 | $364,831 |
| 16 | Rhode Island | $429,200 | $1,031 | $373,094 |
| 17 | Maryland | $416,800 | $1,415 | $366,162 |
| 18 | Florida | $410,400 | $1,218 | $298,669 |
| 19 | Tennessee | $402,600 | $897 | $239,612 |
| 20 | Texas | $389,100 | $1,082 | $255,023 |
| 21 | Georgia | $376,700 | $1,042 | $252,762 |
| 22 | Alaska | $371,500 | $1,240 | $302,960 |
| 23 | South Carolina | $370,800 | $918 | $231,270 |
| 24 | Connecticut | $368,900 | $1,201 | $316,225 |
| 25 | Vermont | $365,100 | $999 | $304,539 |
| 26 | North Carolina | $360,900 | $932 | $258,377 |
| 27 | Minnesota | $349,000 | $1,010 | $301,470 |
| 28 | Maine | $348,600 | $873 | $314,191 |
| 29 | Delaware | $323,100 | $1,150 | $309,966 |
| 30 | South Dakota | $312,700 | $761 | $262,373 |
| 31 | Kansas | $298,100 | $863 | $189,032 |
| 32 | Alabama | $295,900 | $811 | $179,358 |
| 33 | West Virginia | $291,300 | $732 | $126,115 |
| 34 | Pennsylvania | $290,700 | $958 | $237,674 |
| 35 | Illinois | $286,800 | $1,038 | $233,443 |
| 36 | Nebraska | $279,900 | $857 | $220,718 |
| 37 | Wisconsin | $278,900 | $872 | $236,227 |
| 38 | Louisiana | $266,000 | $876 | $190,229 |
| 39 | Iowa | $265,700 | $806 | $177,976 |
| 40 | Mississippi | $257,300 | $789 | $146,876 |
| 41 | Kentucky | $256,700 | $783 | $176,324 |
| 42 | Arkansas | $251,900 | $760 | $157,696 |
| 43 | Missouri | $251,900 | $843 | $202,083 |
| 44 | Michigan | $249,100 | $892 | $207,493 |
| 45 | Indiana | $245,300 | $844 | $192,337 |
| 46 | Oklahoma | $242,500 | $818 | $157,233 |
| 47 | Ohio | $236,700 | $825 | $187,162 |
States With Highest Median Home Price
The ten states with the highest median home price are California, Hawaii, Washington, Colorado, Massachusetts, Utah, New York, Oregon, Idaho, and New Mexico. California is the state with the highest median home price at $843,800. Hawaii is the second state with the highest median home price, reporting a price of $715,900. Washington follows closely with a median home price of $668,400, while Colorado has a median home price of $624,000. Massachusetts and Utah both have median home prices of $604,200 and $575,100, respectively. New York is the seventh state with the highest median home price at $559,900. Oregon is the eighth state with the highest median home price standing at $527,600. Idaho and New Mexico complete the list with median home prices of $521,200 and $518,300, respectively. These states represent regions with strong demand for real estate, attractive locations, and potentially higher costs of living.
The states with the highest median home price are:
1. California – $843,800
2. Hawaii – $715,900
3. Washington – $668,400
4. Colorado – $624,000
5. Massachusetts – $604,200
6. Utah – $575,100
7. New York – $559,900
8. Oregon – $527,600
9. Idaho – $521,200
10. New Mexico – $518,300
States With Lowest Median Home Price
The ten states with the lowest median home price are Ohio, Oklahoma, Indiana, Michigan, Missouri, Arkansas, Kentucky, Mississippi, Iowa, and Louisiana. Ohio is the state with the lowest median home price at $236,700. Oklahoma is the second state with the lowest median home price, reporting a price of $242,500. Indiana follows closely with a median home price of $245,300, while Michigan has a median home price of $249,100. Missouri and Arkansas both have a median home price of $251,900. Kentucky is the seventh state with the lowest median home price reporting a price of $256,700. Mississippi is the eighth state with the lowest median home price at $257,300. Iowa has a median home price of $265,700, and Louisiana completes the list with a median home price of $266,000. These states offer relatively more affordable housing options, making them attractive for those seeking cost-effective homeownership opportunities.
The states with the lowest median home price are:
1. Ohio – $236,700
2. Oklahoma – $242,500
3. Indiana – $245,300
4. Michigan – $249,100
5. Missouri – $251,900
6. Arkansas – $251,900
7. Kentucky – $256,700
8. Mississippi – $257,300
9. Iowa – $265,700
10. Louisiana – $266,000
Median Home Price by State
Alabama
Median Home Price
$295,900
Ranked in the US
#32
Ranked in the US
#45
$179,358
Ranked in the US
#45
Alabama has a median home price of $295,900, a monthly median rent price of $811, and an average home value of $179,358. The state's southern hospitality, low cost of living, and diverse landscapes impact its housing market.
Alaska
Median Home Price
$371,500
Ranked in the US
#22
$1,240
Ranked in the US
#11
$302,960
Ranked in the US
#23
Alaska has a median home price of $371,500, a monthly median rent price of $1,240, and an average home value of $302,960. Its unique wilderness, natural beauty, and remote location contribute to its housing market dynamics.
Arizona
Median Home Price
$471,300
Ranked in the US
#11
$1,097
Ranked in the US
#18
$357,967
Ranked in the US
#17
Arizona has a median home price of $471,300, a monthly median rent price of $1,097, and an average home value of $357,967. The state's warm climate, natural wonders such as the Grand Canyon, and growing job market contribute to its housing market dynamics.
Arkansas
Median Home Price
$251,900
Ranked in the US
#42
Ranked in the US
#50
$157,696
Ranked in the US
#48
Arkansas has a median home price of $251,900, a monthly median rent price of $760, and an average home value of $157,696. The state's scenic landscapes, outdoor recreational opportunities, and low cost of living impact its housing market.
California
Median Home Price
$843,800
Ranked in the US
#1
$1,586
Ranked in the US
#3
$675,063
Ranked in the US
#2
The median home price in California is $843,800, with a monthly median rent price of $1,586 and an average home value of $675,063. California's high median home price reflects the state's desirable locations, strong demand, and higher cost of living.
Colorado
Median Home Price
$624,000
Ranked in the US
#4
$1,335
Ranked in the US
#8
$490,123
Ranked in the US
#6
Colorado's median home price is $624,000, with a monthly median rent price of $1,335 and an average home value of $490,123. The state's stunning natural surroundings, outdoor recreational opportunities, and thriving economy contribute to its higher home prices.
Connecticut
Median Home Price
$368,900
Ranked in the US
#24
$1,201
Ranked in the US
#13
$316,225
Ranked in the US
#19
Connecticut has a median home price of $368,900, a monthly median rent price of $1,201, and an average home value of $316,225. The state's proximity to major cities like New York City, strong educational institutions, and affluent communities influence its housing market.
Delaware
Median Home Price
$323,100
Ranked in the US
#29
$1,150
Ranked in the US
#16
$309,966
Ranked in the US
#21
Delaware has a median home price of $323,100, a monthly median rent price of $1,150, and an average home value of $309,966. The state's favorable tax environment, proximity to major cities like Philadelphia, and charming coastal communities contribute to its housing market dynamics.
Florida
Median Home Price
$410,400
Ranked in the US
#18
$1,218
Ranked in the US
#12
$298,669
Ranked in the US
#25
Florida has a median home price of $410,400, a monthly median rent price of $1,218, and an average home value of $298,669. The state's warm climate, beautiful beaches, and no state income tax attract retirees, vacationers, and job seekers, impacting its housing market.
Georgia
Median Home Price
$376,700
Ranked in the US
#21
$1,042
Ranked in the US
#21
$252,762
Ranked in the US
#31
Georgia has a median home price of $376,700, a monthly median rent price of $1,042, and an average home value of $252,762. The state's rich history, southern charm, and diverse job market make it an appealing place to live, impacting the housing market.
Hawaii
Median Home Price
$715,900
Ranked in the US
#2
$1,651
Ranked in the US
#1
$740,097
Ranked in the US
#1
In Hawaii, the median home price is $715,900, while the monthly median rent price is $1,651, and the average home value is $740,097. Hawaii's unique geography, natural beauty, and limited land availability contribute to its higher home prices.
Idaho
Median Home Price
$521,200
Ranked in the US
#9
Ranked in the US
#31
$428,378
Ranked in the US
#9
Idaho has a median home price of $521,200, a monthly median rent price of $887, and an average home value of $428,378. The state's scenic landscapes, outdoor recreational opportunities, and lower cost of living compared to neighboring states impact its housing market.
Illinois
Median Home Price
$286,800
Ranked in the US
#35
$1,038
Ranked in the US
#22
$233,443
Ranked in the US
#36
Illinois has a median home price of $286,800, a monthly median rent price of $1,038, and an average home value of $233,443. The state's vibrant city of Chicago, diverse economy, and cultural attractions impact its housing market.
Indiana
Median Home Price
$245,300
Ranked in the US
#45
Ranked in the US
#39
$192,337
Ranked in the US
#41
Indiana has a median home price of $245,300, a monthly median rent price of $844, and an average home value of $192,337. The state's strong manufacturing sector, renowned universities, and affordable living options contribute to its housing market dynamics.
Iowa
Median Home Price
$265,700
Ranked in the US
#39
Ranked in the US
#46
$177,976
Ranked in the US
#46
Iowa has a median home price of $265,700, a monthly median rent price of $806, and an average home value of $177,976. The state's strong agriculture-based economy, friendly communities, and affordable cost of living contribute to its housing market dynamics.
Kansas
Median Home Price
$298,100
Ranked in the US
#31
Ranked in the US
#35
$189,032
Ranked in the US
#43
Kansas has a median home price of $298,100, a monthly median rent price of $863, and an average home value of $189,032. The state's affordable housing options, strong agricultural sector, and friendly Midwest culture contribute to its housing market dynamics.
Kentucky
Median Home Price
$256,700
Ranked in the US
#41
Ranked in the US
#48
$176,324
Ranked in the US
#47
Kentucky has a median home price of $256,700, a monthly median rent price of $783, and an average home value of $176,324. The state's horse racing heritage, natural beauty, and affordable housing options contribute to its housing market dynamics.
Louisiana
Median Home Price
$266,000
Ranked in the US
#38
Ranked in the US
#32
$190,229
Ranked in the US
#42
Louisiana has a median home price of $266,000, a monthly median rent price of $876, and an average home value of $190,229. The state's unique culture, culinary delights, and vibrant music scene influence its housing market.
Maine
Median Home Price
$348,600
Ranked in the US
#28
Ranked in the US
#33
$314,191
Ranked in the US
#20
Maine has a median home price of $348,600, a monthly median rent price of $873, and an average home value of $314,191. Its natural beauty, coastal charm, and small-town atmosphere attract those seeking a peaceful lifestyle, affecting its housing market.
Maryland
Median Home Price
$416,800
Ranked in the US
#17
$1,415
Ranked in the US
#4
$366,162
Ranked in the US
#14
Maryland has a median home price of $416,800, a monthly median rent price of $1,415, and an average home value of $366,162. The state's strong economy, diverse job market, and proximity to Washington, D.C. make it an appealing place to live, impacting the housing market.
Massachusetts
Median Home Price
$604,200
Ranked in the US
#5
$1,336
Ranked in the US
#7
$514,230
Ranked in the US
#5
Massachusetts has a median home price of $604,200, a monthly median rent price of $1,336, and an average home value of $514,230. The state's rich history, prestigious universities, and strong healthcare and technology sectors make it a sought-after location, impacting the housing market.
Michigan
Median Home Price
$249,100
Ranked in the US
#44
Ranked in the US
#30
$207,493
Ranked in the US
#39
Michigan has a median home price of $249,100, a monthly median rent price of $892, and an average home value of $207,493. The state's automotive industry, an abundance of natural resources, and the Great Lakes attract residents and impact its housing market.
Minnesota
Median Home Price
$349,000
Ranked in the US
#27
$1,010
Ranked in the US
#24
$301,470
Ranked in the US
#24
Minnesota has a median home price of $349,000, a monthly median rent price of $1,010, and an average home value of $301,470. The state's strong education system, vibrant arts scene, and abundance of lakes impact its housing market dynamics.
Mississippi
Median Home Price
$257,300
Ranked in the US
#40
Ranked in the US
#47
$146,876
Ranked in the US
#50
Mississippi has a median home price of $257,300, a monthly median rent price of $789, and an average home value of $146,876. The state's southern charm, hospitality, and low cost of living make it an attractive place to live, impacting the housing market.
Missouri
Median Home Price
$251,900
Ranked in the US
#43
Ranked in the US
#40
$202,083
Ranked in the US
#40
Missouri has a median home price of $251,900, a monthly median rent price of $843, and an average home value of $202,083. The state's central location, diverse cities, and affordability make it an appealing place to live, influencing the housing market.
Nebraska
Median Home Price
$279,900
Ranked in the US
#36
Ranked in the US
#36
$220,718
Ranked in the US
#38
Nebraska has a median home price of $279,900, a monthly median rent price of $857, and an average home value of $220,718. The state's low unemployment rate, strong agricultural sector, and friendly communities contribute to its housing market dynamics.
Nevada
Median Home Price
$465,000
Ranked in the US
#12
$1,159
Ranked in the US
#15
$369,138
Ranked in the US
#12
Nevada has a median home price of $465,000, a monthly median rent price of $1,159, and an average home value of $369,138. The state's entertainment capital, Las Vegas, along with its favorable tax environment and outdoor recreational opportunities, impact its housing market.
New Hampshire
Median Home Price
$434,100
Ranked in the US
#15
$1,145
Ranked in the US
#17
$364,831
Ranked in the US
#15
New Hampshire has a median home price of $434,100, a monthly median rent price of $1,145, and an average home value of $364,831. The state's natural beauty, low crime rate, and high quality of life make it an attractive place to live, impacting the housing market.
New Jersey
Median Home Price
$454,500
Ranked in the US
#13
$1,368
Ranked in the US
#5
$406,423
Ranked in the US
#10
New Jersey has a median home price of $454,500, a monthly median rent price of $1,368, and an average home value of $406,423. Its proximity to major metropolitan areas like New York City, strong school systems, and diverse communities make it an appealing place to live, affecting the housing market.
New Mexico
Median Home Price
$518,300
Ranked in the US
#10
Ranked in the US
#37
$250,102
Ranked in the US
#32
New Mexico's median home price is $518,300, with a monthly median rent price of $857 and an average home value of $250,102. The state's rich Native American and Hispanic heritage, unique culture, and affordable housing options contribute to its distinct housing market dynamics.
New York
Median Home Price
$559,900
Ranked in the US
#7
$1,315
Ranked in the US
#9
$359,173
Ranked in the US
#16
New York has a median home price of $559,900, a monthly median rent price of $1,315, and an average home value of $359,173. The state's vibrant city life, cultural attractions, and diverse economy make it an appealing place to live, impacting the housing market.
North Carolina
Median Home Price
$360,900
Ranked in the US
#26
Ranked in the US
#27
$258,377
Ranked in the US
#28
North Carolina has a median home price of $360,900, a monthly median rent price of $932, and an average home value of $258,377. The state's diverse geography, thriving job market, and cultural attractions make it an appealing place to live, impacting the housing market.
Ohio
Median Home Price
$236,700
Ranked in the US
#47
Ranked in the US
#43
$187,162
Ranked in the US
#44
Ohio has a median home price of $236,700, a monthly median rent price of $825, and an average home value of $187,162. The state's central location, rich history, and diverse economic sectors impact its housing market dynamics.
Oklahoma
Median Home Price
$242,500
Ranked in the US
#46
Ranked in the US
#44
$157,233
Ranked in the US
#49
Oklahoma has a median home price of $242,500, a monthly median rent price of $818, and an average home value of $157,233. The state's diverse landscapes, affordable housing, and a strong sense of community influence its housing market.
Oregon
Median Home Price
$527,600
Ranked in the US
#8
$1,173
Ranked in the US
#14
$453,856
Ranked in the US
#8
Oregon's median home price is $527,600, with a monthly median rent price of $1,173 and an average home value of $453,856. The state's natural beauty, thriving arts scene, and environmentally conscious culture contribute to its competitive housing market.
Pennsylvania
Median Home Price
$290,700
Ranked in the US
#34
Ranked in the US
#26
$237,674
Ranked in the US
#34
Pennsylvania has a median home price of $290,700, a monthly median rent price of $958, and an average home value of $237,674. The state's rich history, diverse urban and rural areas, and strong educational institutions contribute to its housing market dynamics.
Rhode Island
Median Home Price
$429,200
Ranked in the US
#16
$1,031
Ranked in the US
#23
$373,094
Ranked in the US
#11
Rhode Island has a median home price of $429,200, a monthly median rent price of $1,031, and an average home value of $373,094. Its small size, coastal charm, and proximity to major cities like Boston contribute to its housing market dynamics.
South Carolina
Median Home Price
$370,800
Ranked in the US
#23
Ranked in the US
#28
$231,270
Ranked in the US
#37
South Carolina has a median home price of $370,800, a monthly median rent price of $918, and an average home value of $231,270. The state's coastal charm, southern hospitality, and favorable tax environment impact its housing market.
South Dakota
Median Home Price
$312,700
Ranked in the US
#30
Ranked in the US
#49
$262,373
Ranked in the US
#27
South Dakota has a median home price of $312,700, a monthly median rent price of $761, and an average home value of $262,373. The state's low cost of living, natural wonders like Mount Rushmore, and friendly communities impact its housing market.
Tennessee
Median Home Price
$402,600
Ranked in the US
#19
Ranked in the US
#29
$239,612
Ranked in the US
#33
Tennessee has a median home price of $402,600, a monthly median rent price of $897, and an average home value of $239,612. The state's low cost of living, musical heritage in Nashville, and scenic landscapes contribute to its housing market dynamics.
Texas
Median Home Price
$389,100
Ranked in the US
#20
$1,082
Ranked in the US
#20
$255,023
Ranked in the US
#30
Texas has a median home price of $389,100, a monthly median rent price of $1,082, and an average home value of $255,023. The state's diverse economy, affordable housing options, and large metropolitan areas like Houston and Dallas influence its housing market.
Utah
Median Home Price
$575,100
Ranked in the US
#6
$1,090
Ranked in the US
#19
$471,970
Ranked in the US
#7
Utah's median home price is $575,100, with a monthly median rent price of $1,090 and an average home value of $471,970. The state's booming tech industry, stunning landscapes, and strong job market contribute to its growing housing market.
Vermont
Median Home Price
$365,100
Ranked in the US
#25
Ranked in the US
#25
$304,539
Ranked in the US
#22
Vermont has a median home price of $365,100, a monthly median rent price of $999, and an average home value of $304,539. The state's picturesque landscapes, emphasis on sustainability, and small-town charm contribute to its housing market dynamics.
Virginia
Median Home Price
$447,500
Ranked in the US
#14
$1,257
Ranked in the US
#10
$338,714
Ranked in the US
#18
Virginia has a median home price of $447,500, a monthly median rent price of $1,257, and an average home value of $338,714. The state's historical significance, strong job market, and beautiful landscapes contribute to its housing market dynamics.
Washington
Median Home Price
$668,400
Ranked in the US
#3
$1,337
Ranked in the US
#6
$518,215
Ranked in the US
#4
Washington has a median home price of $668,400, a monthly median rent price of $1,337, and an average home value of $518,215. The state's strong job market, the tech industry, and scenic landscapes make it an attractive place to live, impacting the housing market.
West Virginia
Median Home Price
$291,300
Ranked in the US
#33
Ranked in the US
#51
$126,115
Ranked in the US
#51
West Virginia has a median home price of $291,300, a monthly median rent price of $732, and an average home value of $126,115. The state's natural beauty, Appalachian culture, and affordability make it an attractive place to live, influencing the housing market.
Wisconsin
Median Home Price
$278,900
Ranked in the US
#37
Ranked in the US
#34
$236,227
Ranked in the US
#35
Wisconsin has a median home price of $278,900, a monthly median rent price of $872, and an average home value of $236,227. The state's natural beauty, strong manufacturing industry, and love for outdoor activities impact its housing market.
FAQs
What is the median home price in the US ?
As of 2023, the median home price in the US is $436,800.
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