The average home price in every state — and what you get for that money

The average cost of a home varies greatly from state to state.

We teamed up with Zillow to find the median home value of each of the 50 states in the US, including Washington, DC. While there was some fluctuation from last year’s numbers, the highest and lowest state medians are the same: West Virginia – the only state with a sub-$US100,000 median – remains the cheapest, while Hawaii holds its position as the most expensive.

For some states, this median value is heavily impacted by the typical cost of a starter home. Additionally, many states include notoriously-expensive metro areas that contribute to higher averages, including California’s many coastal cities and Washington’s unaffordable Seattle neighbourhoods due to the tech boom.

Read more : Home values have more than doubled in the US since 1970 – here’s how much they have increased in every state

Previous reporting from Business Insider’s Hillary Hoffower shows Zillow’s median home values from last August. Hoffower reported that the median home listing price in the US was $US279,500. The most recent numbers, from April 2019, show a median home listing price of $US226,800.

Looking at the top ten most expensive averages, all states remain the same – with the notable exception of New York. Ranked No. 7 last year, the Empire State dropped to No. 11, despite rising costs in Manhattan. Alaska swooped in to replace New York, jumping from No. 20 to No. 10 in a single year. Its average rose from around $US288,000 to almost $US310,000.

Using data from Zillow, we sorted states from lowest to highest average home value. We also noted each state’s region size ranking, which represents how big it is population-wise; California is ranked No. 1 with the largest population of all states, while Wyoming is ranked No. 51 (the ranking includes Washington, DC). It’s important to remember that these are the average home prices in each state, but what you get for that amount of money varies greatly from city to city, and even neighbourhood to neighbourhood. Example listings cited from both Zillow and Trulia can help give a better idea of what a home will look like for the average cost in the state it resides.

Keep reading for a complete look at the average home value for listings across the United States.

West Virginia ranks as the cheapest state to buy a house and is the only location with a median home value of less than $US100,000. The average cost is around $US96,000: For this price, interested buyers can find a forest green starter home in Lansing or a 3-bedroom home in Winfield.

Jumping above the $US100,000 mark, Oklahoma homes around the median value include a 2-bedroom, 2-bathroom home in Mead.

Arkansas’ median home value is close to $US127,000. Two homes close to that price include a $US126,900 house in Mountain Home, along with a one-level single-family home inMaumelle.

For around $US128,000, interested buyers can purchase a home in Gulfport, Mississippi with a split-bedroom plan.

Like many other states, Alabama homes vary depending on the neighbourhood. Examples of homes around the $US130,600 median include a Greenville home built in 1903, a 3-bedroom, 2-bathroom home in a Troy neighbourhood, and a completely remodeled home nearby Alabama State University.

Homes priced around Ohio’s median home value include a three-bedroom house in Wheelersburg and a one-bedroom home in Cincinnati.

Kansas’ median home value is $US140,800. For $US140,000 interested buyers can purchase a 4-bedroom, 1.5 bath house in Kiowa, or a 2-story home in Kansas City for $US145,000.

Homes in Iowa listed for around the median price of $US142,800 include a small, 2-bedroom brick home in Windsor Heights and a ranch-style house in West Point.

Close to Indiana’s average home value, two $US145,000 are currently on the market: a 2-level home in Shelbyville and a 2-bedroom, 2-bath home in Indianapolis.

Kentucky’s median home value is also around $US145,000. Four examples include a 3-bedroom home in Louisville, a spacious home built in 1880 in Cave City, and a 5-year-old home in Water Valley.

In Louisiana, both a New Orleans apartment and a Martinville 3-bedroom, 2-bathroom home are on the market for $US150,000 – roughly $US4,000 more than the state average of $US145,900.

In Michigan, both a 1-bedroom, 1-bathroom condo in Grand Rapids and a 2-bedroom, 2-bathroom home in Portage are listed for $US152,000. Additionally, an apartment in Detroit is also available for the same price.

In St. Louis – one of Missouri’s major cities – interested buyers can purchase a 2-bedroom, 1-bathroom home or a 2-bedroom, 2-bathroom condo. Outside of the city, much more spacious properties are available, including a Van Buren home with two master bedrooms and a former motel in Cabool.

Two suburban homes listed for $US166,000 – roughly $US1,000 more than the average value in Nebraska – include a three-bedroom, two-bathroom home in Chapman and a three-bedroom, three-bathroom home in Fairbury.

In South Carolina, homes listed for prices close to the median vary depending on location to the beach. In Myrtle Beach,a home for $US166,900 is townhouse-sized; in Columbia, a home for $US166,500 has three bedrooms, a porch, and a pond in the backyard.

Listed around Tennessee’s median home value, a five-bedroom home in Memphis and a two-bedroom condo in Nashville are both currently on the market.

Between $US173,000 and $US174,000, homes for sale in Pennsylvania include a townhouse in Philadelphia and a home in Herndon, a town on the Susquehanna River.

In Illinois, homes listed around $US180,000 vary depending on city and neighbourhood. In Chicago alone, $US180,000 can buy a 3-bedroom, 2-bathroom home, a studio apartment, or a Victorian residence intended to be a bed-and-breakfast.

For $US184,900, interested buyers can purchase a condo in Charlotte, North Carolina. Other listings around the state median value include a home in the Blue Ridge Mountains and a townhome in Mooresville.

Homes with a sticker price close to the Wisconsin median include houses in Marengo and in Milwaukee. Both homes are listed for $US187,000 – $US100 less than the state average.

A Grovetown home is currently priced at Georgia’s state average home value, while an Atlanta apartment is available for a few hundred dollars more.

A five-bedroom home is currently on the market for $US189,000 in Scotland, South Dakota.

A four-bedroom home joined New Mexico’s available listings last month – the house is priced at $US195,500.

For around $US196,500, properties in Texas range in size and location: a condo in South Padre, a San Antonio single-story house, and a suburban Dallas home.

An example of a Vermont home on the market for around $US200,000 is a ranch-style home for sale in Saint Albans.

Currently, the only homes listed in North Dakota for around $US206,600 include forthcoming units in Fargo.

A ranch-style home is currently on the market https://www.zillow.com/homedetails/59-Dutch-Ed-Ln-Lander-WY-82520/230152188_zpid/for around the state’s median home value price.

Homes for sale in Maine between $US232,000 and $US235,000 include houses in Chelsea and in New Canada – both with four bedrooms.

A new home in Homosassa, Florida is currently listed for the median home value price. In addition – for just a few thousand dollars more – $US235,000 can buy a small house or a condo in Fort Lauderdale.

Minnesota’s median home value is $US235,700. For $US236,000, interested buyers can purchase a brownstone condo in Minneapolis or a five-bedroom house in Elbow Lake. The latter includes four smaller bedrooms in addition to the owner’s suite.

Two homes currently on the market include a four-bedroom home in Dover and a historic townhouse in Wilmington. A two-bedroom, two-bathroom home in Bethany Beach is also available for a similar price.

Two homes listed in Montana for $US237,500 include a three-bedroom home in Hamilton and a two-bedroom home in Bozeman.

Connecticut’s median home value is $US243,700. For around that price, an apartment is available in Hartford and a four-bedroom home is available in Stratford.

A four-bedroom, 2.5-bathroom home in Phoenix is currently on the market for exactly $US252,900. Additionally,a $US252,500 home is for sale in San Tan Valley and a $US247,500 home is for sale in Yuma.

In recent years, both a four-bedroom home in Suffolk and a 3-bedroom home in Virginia Beach have sold for $US258,600.

In Twin Falls, Idaho, a five-bedroom home is currently on the market for$US266,000.

There are currently no homes listed on Zillow or Trulia close to New Hampshire’s median home value; however, a $US276,400 home in Salem sold in the past few years.

A two-bedroom, two-bathroom home in Providence is currently listed for close to the state’s median price.

For the state median price of $US290,000, interested homeowners can view homes in Baltimore and Annapolis.

Nevada’s real estate market currently offers a 3-bedroom home in Las Vegas for $US293,500, along with a 3-bedroom condo in Reno.

In New York – for prices around the state’s median – interested buyers can purchase an apartment in Queens or a four-bedroom home in Pittsford, a suburb of Rochester.

For around the state’s median of $US309,500, homes are currently on the market in Kodiak, Anchorage, and Juneau, Alaska.

For around $US327,500, interested buyers can purchase a condo in Wildwood or a four-bedroom home in the suburbs of Cherry Hill.

Two new, single-family homes in Vineyard are available for around Utah’s median home price. One features four bedrooms, while the other features three.

In Oregon, condos in Portland are listed for $US345,000 – including a one-bedroom, one-bathroom complex in Irvington and a two-bedroom, two-bathroom in Goose Hollow. Additionally,a three-bedroom, three-bathroom home is available in Bend.

For around $US379,000, properties around the state of Colorado vary: a small, 2-bedroom house in Denver, a mountain retreat in Bayfield, a suburban home in Colorado Springs, and an empty lot in Alamosa.

In Seattle, Washington, there are several apartments, co-ops, and condos listed for around $US385,000 – including a condo downtown. A small house is also available in the area for the same price, along with a larger home in the suburbs of Vancouver, Washington (which borders Portland, Oregon).

For around $US410,000, interested buyers can view a newly-renovated, three-bedroom apartment in Boston, along with a large property in Somerset.

Prices in California vary depending on which city houses are located near – many of which are some of the nation’s most expensive locations. For $US548,000, interested buyers can look at a home located on Big Bear Lake or a condo in Ventura. The closest-priced home in San Francisco is a $US560,000 studio apartment.

The nation’s capital is ranked second in terms of median home value. Listings around $US574,000 include a townhouse and a condo – quite smaller than the large homes available in other states for much lower prices.

The most expensive state median is Hawaii, with an average of over $US600,000. For around the average price, interested buyers can look at $US618,000 homes for sale in Kailua Kona and in Honolulu.

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Source: Businessinsider.com.au

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