Average Home Price by State (2025)
Median home values for all 50 states — ranked with affordability ratios and year-over-year changes
Most Expensive
Hawaii
$839,000
Most Affordable
West Virginia
$147,000
National Median
$420,400
Census Q4 2024
Avg YoY Change
+4.5%
2024 price growth
Median Home Price by State — Ranked
| Rank | State | Median Price | Property Tax |
|---|---|---|---|
| 1 | Hawaii | $839,000 | 0.32% |
| 2 | California | $779,000 | 0.75% |
| 3 | Washington | $606,000 | 0.98% |
| 4 | Massachusetts | $587,000 | 1.23% |
| 5 | Colorado | $540,000 | 0.51% |
| 6 | Utah | $513,000 | 0.58% |
| 7 | Oregon | $487,000 | 0.97% |
| 8 | New Jersey | $482,000 | 2.47% |
| 9 | Montana | $451,000 | 0.84% |
| 10 | Rhode Island | $437,000 | 1.63% |
| 11 | New Hampshire | $432,000 | 2.18% |
| 12 | Idaho | $432,000 | 0.69% |
| 13 | Nevada | $429,000 | 0.60% |
| 14 | Maryland | $419,000 | 1.09% |
| 15 | New York | $409,000 | 1.73% |
| 16 | Florida | $405,000 | 0.89% |
| 17 | Virginia | $398,000 | 0.82% |
| 18 | Vermont | $393,000 | 1.90% |
| 19 | Maine | $363,000 | 1.36% |
| 20 | Connecticut | $353,000 | 1.79% |
| 21 | Wyoming | $349,000 | 0.61% |
| 22 | Arizona | $344,000 | 0.62% |
| 23 | Delaware | $340,000 | 0.57% |
| 24 | Minnesota | $340,000 | 1.12% |
| 25 | Alaska | $338,000 | 1.04% |
| 26 | Georgia | $319,000 | 0.92% |
| 27 | North Carolina | $309,000 | 0.80% |
| 28 | Texas | $305,000 | 1.75% |
| 29 | Tennessee | $301,000 | 0.71% |
| 30 | South Carolina | $289,000 | 0.57% |
| 31 | South Dakota | $285,000 | 1.31% |
| 32 | Wisconsin | $284,000 | 1.85% |
| 33 | Pennsylvania | $273,000 | 1.58% |
| 34 | New Mexico | $271,000 | 0.80% |
| 35 | Illinois | $267,000 | 2.23% |
| 36 | Nebraska | $250,000 | 1.73% |
| 37 | Missouri | $243,000 | 1.01% |
| 38 | North Dakota | $241,000 | 0.98% |
| 39 | Michigan | $240,000 | 1.62% |
| 40 | Indiana | $231,000 | 0.87% |
| 41 | Ohio | $227,000 | 1.59% |
| 42 | Kansas | $214,000 | 1.41% |
| 43 | Iowa | $207,000 | 1.57% |
| 44 | Louisiana | $198,000 | 0.55% |
| 45 | Kentucky | $196,000 | 0.86% |
| 46 | Oklahoma | $196,000 | 0.90% |
| 47 | Alabama | $179,000 | 0.41% |
| 48 | Arkansas | $171,000 | 0.62% |
| 49 | Mississippi | $163,000 | 0.65% |
| 50 | West Virginia | $147,000 | 0.59% |
Price/Income ratio = median home price ÷ estimated median household income. Higher = less affordable.
Housing Affordability Analysis
The traditional rule of thumb is that a home should cost no more than 3× your annual income. By that measure, most coastal states are severely unaffordable, with price-to-income ratios exceeding 6-9× in California, Hawaii, and the Northeast.
Best Affordability
Midwest states like Iowa, Kansas, Indiana, and Ohio offer the best price-to-income ratios, typically under 3.5×. These markets have seen strong appreciation in recent years as remote work expanded housing demand beyond coastal metros.
Sun Belt Correction
Florida and Texas — which saw explosive price growth during 2020-2022 — experienced modest price declines or flat growth in 2023-2024 as inventory recovered and affordability pressures pushed out buyers.
Related Data
Methodology & Sources
- • Home prices: Zillow Home Value Index (ZHVI) all-homes median, Q4 2024 / early 2025
- • Cross-check: U.S. Census Bureau American Community Survey 5-Year Estimates (B25077), 2023
- • Year-over-year change: Zillow ZHVI percentage change, December 2023 to December 2024
- • Price/Income ratio: Median home price divided by estimated median household income (DQYDJ / Census CPS 2024)
- • Limitations: Statewide medians mask enormous within-state variation. Metro areas differ significantly from rural areas.