U.S. States · Highest to lowest
States ranked by median home value
Median home value is the headline measure of homeownership cost. It's the most important single number for anyone considering a relocation or comparing states on housing affordability.
Top 5
Hawaii, California, Massachusetts, Washington, and Colorado lead. All are coastal or amenity-supply-constrained states with strong labor markets and limited buildable land.
- #1 Hawaii$808,200
- #2 District of Columbia$724,600
- #3 California$695,400
- #4 Massachusetts$525,800
- #5 Washington$519,800
Bottom 5
West Virginia, Mississippi, Arkansas, Louisiana, and Oklahoma post the lowest median home values — under half the national figure. Cheap housing is real but pairs with lower incomes and slower job growth.
- #51 West Virginia$155,600
- #50 Mississippi$161,400
- #49 Arkansas$175,300
- #48 Oklahoma$185,900
- #47 Kentucky$192,300
All 50 states
| # | State | Median home value |
|---|---|---|
| 1 | HawaiiHI | $808,200 |
| 2 | District of ColumbiaDC | $724,600 |
| 3 | CaliforniaCA | $695,400 |
| 4 | MassachusettsMA | $525,800 |
| 5 | WashingtonWA | $519,800 |
| 6 | ColoradoCO | $502,200 |
| 7 | UtahUT | $455,000 |
| 8 | OregonOR | $454,200 |
| 9 | New JerseyNJ | $427,600 |
| 10 | NevadaNV | $406,100 |
| 11 | New YorkNY | $403,000 |
| 12 | MarylandMD | $397,700 |
| 13 | IdahoID | $376,000 |
| 14 | Rhode IslandRI | $368,800 |
| 15 | New HampshireNH | $367,200 |
| 16 | VirginiaVA | $360,700 |
| 17 | ArizonaAZ | $358,900 |
| 18 | ConnecticutCT | $343,200 |
| 19 | MontanaMT | $338,100 |
| 20 | AlaskaAK | $333,300 |
| 21 | DelawareDE | $326,800 |
| 22 | FloridaFL | $325,000 |
| 23 | MinnesotaMN | $305,500 |
| 24 | VermontVT | $290,500 |
| 25 | WyomingWY | $285,100 |
| 26 | GeorgiaGA | $272,900 |
| 27 | MaineME | $266,400 |
| 28 | TexasTX | $260,400 |
| 29 | North CarolinaNC | $259,400 |
| 30 | TennesseeTN | $256,800 |
| 31 | IllinoisIL | $250,500 |
| 32 | WisconsinWI | $247,400 |
| 33 | North DakotaND | $241,100 |
| 34 | PennsylvaniaPA | $240,500 |
| 35 | South DakotaSD | $236,800 |
| 36 | South CarolinaSC | $236,700 |
| 37 | New MexicoNM | $232,200 |
| 38 | NebraskaNE | $223,800 |
| 39 | MichiganMI | $217,600 |
| 40 | MissouriMO | $215,600 |
| 41 | LouisianaLA | $208,700 |
| 42 | KansasKS | $203,400 |
| 43 | IndianaIN | $201,600 |
| 44 | OhioOH | $199,200 |
| 45 | IowaIA | $195,900 |
| 46 | AlabamaAL | $195,100 |
| 47 | KentuckyKY | $192,300 |
| 48 | OklahomaOK | $185,900 |
| 49 | ArkansasAR | $175,300 |
| 50 | MississippiMS | $161,400 |
| 51 | West VirginiaWV | $155,600 |
Methodology
- What this measures
- ACS5 Table B25077: median value of all owner-occupied housing units, as estimated by the homeowner. Reflects market value, not purchase price.
- Why it matters
- Combined with median household income, this is the closest proxy for whether a state's typical household can actually afford to buy. A 4x ratio of median home value to median income is the classic threshold of housing affordability.
- Caveats
- Self-reported. ACS asks homeowners to estimate their home's value, which tends to lag market peaks and exceeds them in falling markets. State-wide figures hide enormous metro-level variance — California's coastal metros pull the state average up.
- Source
- U.S. Census Bureau, American Community Survey 5-year estimates, vintage 2023 (released December 2024). census.gov/programs-surveys/acs
Frequently asked
- Why is Hawaii's median home value so high?
- Hawaii has constrained land supply, strict zoning, high demand from second-home buyers, and high construction cost (every building material arrives by ship). The result is the highest median home value of any state, well above California.
- Is West Virginia really the cheapest?
- Yes — but the labor market is concentrated in healthcare, government and a declining coal economy, and population is shrinking. Cheap housing alone doesn't make a state a good destination.