Introduction
One way to get an idea about the cost of living in a state is to look at its Median Home Price. The median home price is measured by lining up the house sales of that state in numerical order, from lowest to highest, and then finding the number that is directly in the middle of that list. It splits the distribution neatly into two parts: houses that cost above the median home price of a state, and houses that cost less than the median income of a state.
In 2021, the median home price in the United States was $377,700. However, by the end of March, in 2022, the median home price had jumped up to $428,700. Because of the Covid-19 pandemic from 2020—2022, the median price of homes in the United States increased 30% in two years. However, recently in July 2022 a national measure of house prices across 20 major cities found house prices fell by 0.44%, the first drop since March 2012.
To learn more about the median home price in the states, explore the data in the charts.
| # | State | Median Home Price | Median Rent Price | Home Value | Average Home Value |
|---|---|---|---|---|---|
| 1 | California | $843,800 | $1,586 | $411,963 | $675,063 |
| 2 | Hawaii | $715,900 | $1,651 | $417,767 | $740,097 |
| 3 | Washington | $668,400 | $1,337 | $347,311 | $518,215 |
| 4 | Colorado | $624,000 | $1,335 | $332,062 | $490,123 |
| 5 | Massachusetts | $604,200 | $1,336 | $333,378 | $514,230 |
| 6 | Utah | $575,100 | $1,090 | $347,016 | $471,970 |
| 7 | New York | $559,900 | $1,315 | $164,003 | $359,173 |
| 8 | Oregon | $527,600 | $1,173 | $321,006 | $453,856 |
| 9 | Idaho | $521,200 | $887 | $294,707 | $428,378 |
| 10 | New Mexico | $518,300 | $857 | $162,681 | $250,102 |
| 11 | Arizona | $471,300 | $1,097 | $248,835 | $357,967 |
| 12 | Nevada | $465,000 | $1,159 | $265,439 | $369,138 |
| 13 | New Jersey | $454,500 | $1,368 | $252,282 | $406,423 |
| 14 | Virginia | $447,500 | $1,257 | $197,895 | $338,714 |
| 15 | New Hampshire | $434,100 | $1,145 | $240,881 | $364,831 |
| 16 | Rhode Island | $429,200 | $1,031 | $281,162 | $373,094 |
| 17 | Maryland | $416,800 | $1,415 | $224,163 | $366,162 |
| 18 | Florida | $410,400 | $1,218 | $187,120 | $298,669 |
| 19 | Tennessee | $402,600 | $897 | $126,053 | $239,612 |
| 20 | Texas | $389,100 | $1,082 | $151,418 | $255,023 |
| 21 | Georgia | $376,700 | $1,042 | $146,226 | $252,762 |
| 22 | Alaska | $371,500 | $1,240 | $187,476 | $302,960 |
| 23 | South Carolina | $370,800 | $918 | $131,555 | $231,270 |
| 24 | Connecticut | $368,900 | $1,201 | $207,917 | $316,225 |
| 25 | Vermont | $365,100 | $999 | $194,678 | $304,539 |
| 26 | North Carolina | $360,900 | $932 | $146,271 | $258,377 |
| 27 | Minnesota | $349,000 | $1,010 | $193,236 | $301,470 |
| 28 | Maine | $348,600 | $873 | $186,679 | $314,191 |
| 29 | Delaware | $323,100 | $1,150 | $205,944 | $309,966 |
| 30 | South Dakota | $312,700 | $761 | $170,999 | $262,373 |
| 31 | Kansas | $298,100 | $863 | $93,675 | $189,032 |
| 32 | Alabama | $295,900 | $811 | $85,984 | $179,358 |
| 33 | West Virginia | $291,300 | $732 | $62,107 | $126,115 |
| 34 | Pennsylvania | $290,700 | $958 | $136,144 | $237,674 |
| 35 | Illinois | $286,800 | $1,038 | $128,041 | $233,443 |
| 36 | Nebraska | $279,900 | $857 | $130,894 | $220,718 |
| 37 | Wisconsin | $278,900 | $872 | $147,811 | $236,227 |
| 38 | Louisiana | $266,000 | $876 | $104,542 | $190,229 |
| 39 | Iowa | $265,700 | $806 | $97,848 | $177,976 |
| 40 | Mississippi | $257,300 | $789 | $78,781 | $146,876 |
| 41 | Kentucky | $256,700 | $783 | $92,450 | $176,324 |
| 42 | Arkansas | $251,900 | $760 | $76,758 | $157,696 |
| 43 | Missouri | $251,900 | $843 | $114,580 | $202,083 |
| 44 | Michigan | $249,100 | $892 | $109,207 | $207,493 |
| 45 | Indiana | $245,300 | $844 | $111,984 | $192,337 |
| 46 | Oklahoma | $242,500 | $818 | $77,737 | $157,233 |
| 47 | Ohio | $236,700 | $825 | $105,633 | $187,162 |
Median Home Price by State
Alabama
Median Home Price
$295,900
Ranked in the US
#32
Ranked in the US
#45
$85,984
Ranked in the US
#5
$179,358
Ranked in the US
#45
Alaska
Median Home Price
$371,500
Ranked in the US
#22
$1,240
Ranked in the US
#11
$187,476
Ranked in the US
#29
$302,960
Ranked in the US
#23
Arizona
Median Home Price
$471,300
Ranked in the US
#11
$1,097
Ranked in the US
#18
$248,835
Ranked in the US
#39
$357,967
Ranked in the US
#17
Arkansas
Median Home Price
$251,900
Ranked in the US
#42
Ranked in the US
#50
$76,758
Ranked in the US
#2
$157,696
Ranked in the US
#48
California
Median Home Price
$843,800
Ranked in the US
#1
$1,586
Ranked in the US
#3
$411,963
Ranked in the US
#50
$675,063
Ranked in the US
#2
Colorado
Median Home Price
$624,000
Ranked in the US
#4
$1,335
Ranked in the US
#8
$332,062
Ranked in the US
#45
$490,123
Ranked in the US
#6
Connecticut
Median Home Price
$368,900
Ranked in the US
#24
$1,201
Ranked in the US
#13
$207,917
Ranked in the US
#35
$316,225
Ranked in the US
#19
Delaware
Median Home Price
$323,100
Ranked in the US
#29
$1,150
Ranked in the US
#16
$205,944
Ranked in the US
#34
$309,966
Ranked in the US
#21
Florida
Median Home Price
$410,400
Ranked in the US
#18
$1,218
Ranked in the US
#12
$187,120
Ranked in the US
#28
$298,669
Ranked in the US
#25
Georgia
Median Home Price
$376,700
Ranked in the US
#21
$1,042
Ranked in the US
#21
$146,226
Ranked in the US
#19
$252,762
Ranked in the US
#31
Hawaii
Median Home Price
$715,900
Ranked in the US
#2
$1,651
Ranked in the US
#1
$417,767
Ranked in the US
#51
$740,097
Ranked in the US
#1
Idaho
Median Home Price
$521,200
Ranked in the US
#9
Ranked in the US
#31
$294,707
Ranked in the US
#43
$428,378
Ranked in the US
#9
Illinois
Median Home Price
$286,800
Ranked in the US
#35
$1,038
Ranked in the US
#22
$128,041
Ranked in the US
#15
$233,443
Ranked in the US
#36
Indiana
Median Home Price
$245,300
Ranked in the US
#45
Ranked in the US
#39
$111,984
Ranked in the US
#12
$192,337
Ranked in the US
#41
Iowa
Median Home Price
$265,700
Ranked in the US
#39
Ranked in the US
#46
$97,848
Ranked in the US
#8
$177,976
Ranked in the US
#46
Kansas
Median Home Price
$298,100
Ranked in the US
#31
Ranked in the US
#35
$93,675
Ranked in the US
#7
$189,032
Ranked in the US
#43
Kentucky
Median Home Price
$256,700
Ranked in the US
#41
Ranked in the US
#48
$92,450
Ranked in the US
#6
$176,324
Ranked in the US
#47
Louisiana
Median Home Price
$266,000
Ranked in the US
#38
Ranked in the US
#32
$104,542
Ranked in the US
#9
$190,229
Ranked in the US
#42
Maine
Median Home Price
$348,600
Ranked in the US
#28
Ranked in the US
#33
$186,679
Ranked in the US
#27
$314,191
Ranked in the US
#20
Maryland
Median Home Price
$416,800
Ranked in the US
#17
$1,415
Ranked in the US
#4
$224,163
Ranked in the US
#36
$366,162
Ranked in the US
#14
Massachusetts
Median Home Price
$604,200
Ranked in the US
#5
$1,336
Ranked in the US
#7
$333,378
Ranked in the US
#46
$514,230
Ranked in the US
#5
Michigan
Median Home Price
$249,100
Ranked in the US
#44
Ranked in the US
#30
$109,207
Ranked in the US
#11
$207,493
Ranked in the US
#39
Minnesota
Median Home Price
$349,000
Ranked in the US
#27
$1,010
Ranked in the US
#24
$193,236
Ranked in the US
#31
$301,470
Ranked in the US
#24
Mississippi
Median Home Price
$257,300
Ranked in the US
#40
Ranked in the US
#47
$78,781
Ranked in the US
#4
$146,876
Ranked in the US
#50
Missouri
Median Home Price
$251,900
Ranked in the US
#43
Ranked in the US
#40
$114,580
Ranked in the US
#13
$202,083
Ranked in the US
#40
Nebraska
Median Home Price
$279,900
Ranked in the US
#36
Ranked in the US
#36
$130,894
Ranked in the US
#16
$220,718
Ranked in the US
#38
Nevada
Median Home Price
$465,000
Ranked in the US
#12
$1,159
Ranked in the US
#15
$265,439
Ranked in the US
#41
$369,138
Ranked in the US
#12
New Hampshire
Median Home Price
$434,100
Ranked in the US
#15
$1,145
Ranked in the US
#17
$240,881
Ranked in the US
#38
$364,831
Ranked in the US
#15
New Jersey
Median Home Price
$454,500
Ranked in the US
#13
$1,368
Ranked in the US
#5
$252,282
Ranked in the US
#40
$406,423
Ranked in the US
#10
New Mexico
Median Home Price
$518,300
Ranked in the US
#10
Ranked in the US
#37
$162,681
Ranked in the US
#23
$250,102
Ranked in the US
#32
New York
Median Home Price
$559,900
Ranked in the US
#7
$1,315
Ranked in the US
#9
$164,003
Ranked in the US
#24
$359,173
Ranked in the US
#16
North Carolina
Median Home Price
$360,900
Ranked in the US
#26
Ranked in the US
#27
$146,271
Ranked in the US
#20
$258,377
Ranked in the US
#28
Ohio
Median Home Price
$236,700
Ranked in the US
#47
Ranked in the US
#43
$105,633
Ranked in the US
#10
$187,162
Ranked in the US
#44
Oklahoma
Median Home Price
$242,500
Ranked in the US
#46
Ranked in the US
#44
$77,737
Ranked in the US
#3
$157,233
Ranked in the US
#49
Oregon
Median Home Price
$527,600
Ranked in the US
#8
$1,173
Ranked in the US
#14
$321,006
Ranked in the US
#44
$453,856
Ranked in the US
#8
Pennsylvania
Median Home Price
$290,700
Ranked in the US
#34
Ranked in the US
#26
$136,144
Ranked in the US
#18
$237,674
Ranked in the US
#34
Rhode Island
Median Home Price
$429,200
Ranked in the US
#16
$1,031
Ranked in the US
#23
$281,162
Ranked in the US
#42
$373,094
Ranked in the US
#11
South Carolina
Median Home Price
$370,800
Ranked in the US
#23
Ranked in the US
#28
$131,555
Ranked in the US
#17
$231,270
Ranked in the US
#37
South Dakota
Median Home Price
$312,700
Ranked in the US
#30
Ranked in the US
#49
$170,999
Ranked in the US
#26
$262,373
Ranked in the US
#27
Tennessee
Median Home Price
$402,600
Ranked in the US
#19
Ranked in the US
#29
$126,053
Ranked in the US
#14
$239,612
Ranked in the US
#33
Texas
Median Home Price
$389,100
Ranked in the US
#20
$1,082
Ranked in the US
#20
$151,418
Ranked in the US
#22
$255,023
Ranked in the US
#30
Utah
Median Home Price
$575,100
Ranked in the US
#6
$1,090
Ranked in the US
#19
$347,016
Ranked in the US
#47
$471,970
Ranked in the US
#7
Vermont
Median Home Price
$365,100
Ranked in the US
#25
Ranked in the US
#25
$194,678
Ranked in the US
#32
$304,539
Ranked in the US
#22
Virginia
Median Home Price
$447,500
Ranked in the US
#14
$1,257
Ranked in the US
#10
$197,895
Ranked in the US
#33
$338,714
Ranked in the US
#18
Washington
Median Home Price
$668,400
Ranked in the US
#3
$1,337
Ranked in the US
#6
$347,311
Ranked in the US
#48
$518,215
Ranked in the US
#4
West Virginia
Median Home Price
$291,300
Ranked in the US
#33
Ranked in the US
#51
$62,107
Ranked in the US
#1
$126,115
Ranked in the US
#51
Wisconsin
Median Home Price
$278,900
Ranked in the US
#37
Ranked in the US
#34
$147,811
Ranked in the US
#21
$236,227
Ranked in the US
#35