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May 7, 2024 · The average home price in the United States was $495,100 in the second quarter of 2023, according to the Census Bureau and Department of Housing and Urban Development.
- Home Prices by State. In the majority of states, the median home price is over $200,000. While buyers can find a house at that price in almost every state, a $200,000 home looks very different depending on where you are looking.
- 1. Hawaii. The median home value in Hawaii is $587,700. The size of a typical home in Hawaii is about 1,209 square feet and 4.6 rooms. $ 200,000 would only get a homebuyer about 421 square feet.
- 2. District of Columbia. The District of Columbia has the second-highest median home value of $568,400. The median home size in the District is around 1,169 square feet and is continuing to shrink.
- 3. California. California has the second-highest median home value in the U.S. of $475,900. For this price, a homebuyer could expect to get 1,648 square feet and five rooms total.
The Zillow Home Value Index, which measures only the middle price tiers of homes, sets the cost of a typical home in the United States at $344,141. Home values increased by 20% in the twelve months between April 2021 and May 2022. Meanwhile, the median household income in the United States is $67,521 a year. This means the median family can ...
Cost of housing by State. This article contains a list of U.S. states and the District of Columbia by median home price, according to data from Zillow.
- Average home value in Hawaii: $646,733. Median top-tier home value in 2020: $1,003,485. Median single-family house value in 2020: $727,931. Median bottom-tier home value in 2020: $380,055.
- Average home value in California: $579,332. Median top-tier home value in 2020: $1,065,479. Median bottom-tier home value in 2020: $346,944. Median single-family house value in 2020: $588,050.
- Average home value in Massachusetts: $439,541. Median top-tier home value in 2020: $732,598. Median single-family house value in 2020: $447,367. Median bottom-tier home value in 2020: $283,343.
- Average home value in Washington: $431,487. Median top-tier home value in 2020: $723,762. Median bottom-tier home value in 2020: $289,328. Median single-family house value in 2020: $437,442.
6 days ago · How much does a home cost in the United States? The U.S. median home sales price reached $428,281 in September 2024. That figure rose 3.9% year-over-year while inching down 1% from $432,521 in...
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Aug 16, 2024 · |. Updated: Aug. 16, 2024. |. Home prices have surged over the last four years, as pandemic-fueled home-buying frenzies collided with housing shortages to send prices to new heights. Nearly...