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The average house price has actually been rising quickly nationwide. Follow to the commonwealth Reserve financial institution of St. Louis, the median residence sales price is $374,900. That's an increase of end $50,000 from just a year ago.

You are watching: Home price per square foot by state

Why the quick rise? watch no further than the COVID-19 pandemic.

Mortgage prices fell substantially in 2020, steering up demand as homebuyers looked to take advantage. The pandemic likewise led come consumers shifting spending come housing and also pushed more millennials towards homeownership.

At the very same time, homeowners have been wake up to list their homes and there's a housing production shortfall. Because that those reasons, the housing supply has dwindled. In December 2020, the nationwide Association that Realtors report a record low with simply a 1.9-month it is provided of homes.

This has actually resulted in one of the best seller's markets in history. Now, let's take a depths dive into what housing prices are like across the country.

Key findings

The median home price in the United claims is $374,900 together of the second quarter the 2021.Home prices increased by 16.2% indigenous 2020 come 2021.The median residence price enhanced by 416% from 1980 come 2020.The Zillow home Value table of contents puts the typical home price in the United states at $293,349.Mortgage payment on a generally priced residence equal 29.5% that the U.S. Median income.Hawaii is the most an overwhelming state to buy a home, based on Zillow's data. The average mortgage payment is 57.9% that the state's median income.West Virginia has actually the cheapest residence prices follow to Zillow at 40% the the typical U.S. Price. Mortgage payment there take up 16.1% the the state's median revenue on average, the lowest price in the nation.

Average home price in the united States: $374,900

The median residence sales price is $374,900 as of the second quarter of 2021. That's a 16.2% boost from a year ago, when the mean was $322,600.

Here's a look at how the median and mean house prices have readjusted over the critical 40 year (prices room for January 1 of annually listed):


Year typical sales price of houses in the U.S. mean sale price of houses in the U.S.
1980 $63,700 $73,600
1985 $82,800 $98,500
1990 $123,900 $149,500
1995 $130,000 $153,500
2000 $165,300 $202,900
2005 $232,500 $288,500
2010 $222,900 $275,300
2015 $289,200 $348,000
2020 $329,000 $383,000

Data source: federal Reserve financial institution of St. Louis (2021).

Home prices have tendency to rise with time with the occasional outlier. In current history, that outlier was the good Recession, which resulted in both median and mean home prices come drop.

Overall, median and mean residence prices have actually made comparable gains. During the last 40 years, the median home price has actually increased by 416% and also the mean has actually increased by 420%.

That data doesn't offer us a full photo of residence prices about the unified States. There's no state-level data obtainable for it, and also it's just sales prices, therefore it's not the only means to capture home values. That's why we're additionally including Zillow's info on residence prices.

Typical house price in the united States: $293,349

The Zillow house Value index (ZHVI) isn't an average, however it represents the common home worth in a given area. In the United states as a whole, the ZHVI is $293,349.

How affordable is that? based upon that typical home price and also the U.S. Median income of $65,712, mortgages take up 29.5% that a homeowner's revenue on average.

That doesn't fairly pass the 28% rule, which states that your mortgage payment must be no an ext than 28% of your pre-tax income.

Housing costs and income vary quite a little in each state. Here are the usual home prices in all 50 states, the common value that a single-family home, and also the mean mortgage rate as of at an early stage August 2021. In addition, we've calculated how much an typical mortgage payment in every state would price in comparison come its median income.

See exactly how the says compare in the table below, then obtain details on each state by analysis on:


State usual home value, June 2021
Alabama $170,184
Alaska $300,592
Arizona $355,540
Arkansas $149,120
California $683,996
Colorado $490,944
Connecticut $318,096
Delaware $308,067
district of Columbia $691,997
Florida $297,390
Georgia $245,778
Hawaii $730,511
Idaho $403,291
Illinois $233,661
Indiana $185,805
Iowa $165,955
Kansas $176,898
Kentucky $168,998
Louisiana $187,844
Maine $306,018
Maryland $366,581
Massachusetts $518,203
Michigan $208,337
Minnesota $301,576
Mississippi $140,818
Missouri $194,226
Montana $359,678
Nebraska $206,538
Nevada $368,254
brand-new Hampshire $366,129
brand-new Jersey $408,517
new Mexico $248,670
brand-new York $371,880
north Carolina $248,950
phibìc Dakota $246,588
Ohio $181,756
Oklahoma $150,754
Oregon $447,968
Pennsylvania $234,684
Rhode Island $372,809
south Carolina $225,406
southern Dakota $242,923
Tennessee $231,682
Texas $247,210
Utah $465,012
vermont $299,998
Virginia $328,640
Washington $519,552
West Virginia $117,768
Wisconsin $230,733
Wyoming $273,992

Data source: Zillow (2021).

Typical home price in Alabama: $170,184 (58% of typical U.S. Price)

Typical single-family residence value in 2021: $169,457Average mortgage rate, July 2021: 3.054%Average mortgage payment to median income: 21.7%

While Alabama has a short median income (21% listed below the nationwide median), its usual house prices are also lower. Because of that, residents don't salary too lot for their mortgages.

Typical residence price in Alaska: $300,592 (102% of typical U.S. Price)

Typical single-family residence value in 2021: $314,025Average mortgage rate, July 2021: 2.977%Average mortgage payment to average income: 26.2%

The common house price in Alaska is a little greater than it is nationwide, yet that's well balanced out by a median income 15% higher than the U.S. Median.

Typical house price in Arizona: $355,540 (121% of typical U.S. Price)

Typical single-family residence value in 2021: $362,766Average mortgage rate, July 2021: 3.118%Average mortgage payment to average income: 38.1%

Mortgage payments take up a large chunk that homeowner's budgets in Arizona. That's due to a mix of high real estate costs and a median earnings 6% below the nationwide median.

Typical home price in Arkansas: $149,120 (51% of usual U.S. Price)

Typical single-family home value in 2021: $148,708Average mortgage rate, July 2021: 3.037%Average mortgage payment to typical income: 20.1%

It isn't as well expensive to own a residence in Arkansas. The typical cost is barely over fifty percent the common U.S. Price, which renders up because that a median revenue 26% listed below the norm.

Typical residence price in California: $683,996 (233% of typical U.S. Price)

Typical single-family house value in 2021: $698,587Average mortgage rate, July 2021: 3.043%Average mortgage payment to mean income: 56.2%

Californians most likely aren't surprised to watch that it's one of the hardest areas to bought a home. Even though the median income is 22% greater than the U.S. Median, extremely high price put housing out of with for plenty of residents.

Typical home price in Colorado: $490,944 (167% of typical U.S. Price)

Typical single-family house value in 2021: $503,280Average mortgage rate, July 2021: 3.002%Average mortgage payment to mean income: 41.9%

A high median earnings (17% over the nationwide median) isn't enough to comprise for Colorado's real estate prices. Homeowners have an median mortgage payment end 40% the their mean income.

Typical house price in Connecticut: $318,096 (108% of usual U.S. Price)

Typical single-family house value in 2021: $337,603Average mortgage rate, July 2021: 3.080%Average mortgage payment to mean income: 26.8%

While homes in Connecticut cost much more than the common price across the country, high salaries consist of for those real estate costs. The median revenue beats the U.S. Average by 20%.

Typical residence price in Delaware: $308,067 (105% of typical U.S. Price)

Typical single-family house value in 2021: $308,138Average mortgage rate, July 2021: 3.093%Average mortgage payment to median income: 29.1%

Delaware's numbers are relatively similar to the country as a whole. Real estate prices space a little higher, and also so's the median revenue (7% over the national median). The mortgage-payment-to-median-income proportion is slightly much less than the national average.

Typical home price in Florida: $297,390 (101% of typical U.S. Price)

Typical single-family house value in 2021: $311,789Average mortgage rate, July 2021: 3.111%Average mortgage payment to average income: 33.4%

Florida master spend about a third of their median revenue on your mortgages. It's a somewhat high number caused by a median revenue 10% listed below the nationwide median.

Typical residence price in Georgia: $245,778 (84% of typical U.S. Price)

Typical single-family home value in 2021: $246,272Average mortgage rate, July 2021: 3.064%Average mortgage payment to average income: 26.2%

Lower average residence prices in Georgia make it a budget-friendly ar to own a home, even though the median earnings comes in 6% listed below the rest of the country.

Typical house price in Hawaii: $730,511 (249% of typical U.S. Price)

Typical single-family residence value in 2021: $834,978Average mortgage rate, July 2021: 2.997%Average mortgage payment to average income: 57.9%

Hawaii bring away the top spot together the most an overwhelming place come afford a home. The median income may be 26% more than the U.S. Median, however it's not enough to balance out staggering residence prices.

Typical residence price in Idaho: $403,291 (137% of usual U.S. Price)

Typical single-family residence value in 2021: $404,858Average mortgage rate, July 2021: 2.993%Average mortgage payment to typical income: 43.5%

Even through cheap mortgage rates, Idaho is quiet expensive because that homebuyers. It has actually a high typical home price, and incomes don't balance the out, as they're 7% much less than the national median.

Typical house price in Illinois: $233,661 (80% of usual U.S. Price)

Typical single-family home value in 2021: $235,641Average mortgage rate, July 2021: 3.041%Average mortgage payment to median income: 22.3%

Residents of Illinois normally don't need to spend too lot of their earnings on their mortgages. The typical house price is 20% reduced than the countrywide number, and also incomes room 5% over the nationwide median.

Typical residence price in Indiana: $185,805 (63% of usual U.S. Price)

Typical single-family residence value in 2021: $186,098Average mortgage rate, July 2021: 3.144%Average mortgage payment to typical income: 21.5%

With inexpensive housing, Indiana is one of the less complicated states to be a homeowner. The median income is 12% lower than the U.S. Median, yet residents still don't must spend too lot of that income on your mortgages.

Typical residence price in Iowa: $165,955 (57% of typical U.S. Price)

Typical single-family residence value in 2021: $167,036Average mortgage rate, July 2021: 2.915%Average mortgage payment to median income: 17.6%

Iowa has an extremely low real estate prices, mortgage rates, and also a reasonable median revenue (6% listed below the national median). Those factors help it rank near the bottom in state of how much occupants spend ~ above a mortgage.

Typical home price in Kansas: $176,898 (60% of usual U.S. Price)

Typical single-family residence value in 2021: $177,374Average mortgage rate, July 2021: 3.039%Average mortgage payment to average income: 18.8%

Kansas is one more state the combines cheap housing prices with a median income just 6% off the nationwide median, which provides it affordable to buy a home there.

Typical home price in Kentucky: $168,998 (58% of typical U.S. Price)

Typical single-family residence value in 2021: $169,033Average mortgage rate, July 2021: 3.106%Average mortgage payment to median income: 21.5%

The low average housing prices in Kentucky comprise for income 20% below the national median. Because houses space inexpensive, Kentucky residents don't need to spend too lot of your incomes on your mortgages.

Typical house price in Louisiana: $187,844 (64% of typical U.S. Price)

Typical single-family residence value in 2021: $188,542Average mortgage rate, July 2021: 3.022%Average mortgage payment to typical income: 24.2%

The common homeowner in Louisiana spends simply under a 4 minutes 1 of their salary on their mortgage. That reasonable amount is because of the cheap housing, together incomes in this state space 22% reduced than the U.S. Median.

Typical house price in Maine: $306,018 (104% of typical U.S. Price)

Typical single-family house value in 2021: $304,138Average mortgage rate, July 2021: 3.043%Average mortgage payment to average income: 34.3%

Many master in Maine should stretch their budgets to make it work. Although home prices are only a couple of ticks above the country as a whole, the median revenue is 10% reduced than the national median.

Typical home price in Maryland: $366,581 (125% of usual U.S. Price)

Typical single-family house value in 2021: $376,934Average mortgage rate, July 2021: 3.002%Average mortgage payment to mean income: 27.8%

In Maryland, the typical mortgage payment is just barely able to meet the 28% rule. The high housing costs are well balanced out by high earnings 32% an ext than the nationwide median.

Typical residence price in Massachusetts: $518,203 (177% of typical U.S. Price)

Typical single-family residence value in 2021: $532,229Average mortgage rate, July 2021: 2.966%Average mortgage payment to mean income: 39.6%

Massachusetts has some the the country's many expensive housing costs. Owning a house is complicated in this state, even with a median income that win the national median by 31%.

Typical home price in Michigan: $208,337 (71% of common U.S. Price)

Typical single-family house value in 2021: $206,536Average mortgage rate, July 2021: 3.162%Average mortgage payment to mean income: 23.3%

Michigan citizens don't must spend too much on housing. The common home price keeps mortgage payment affordable, even with high mortgage rates and a median earnings 9% reduced than the nationwide median.

Typical home price in Minnesota: $301,576 (103% of usual U.S. Price)

Typical single-family residence value in 2021: $305,564Average mortgage rate, July 2021: 3.011%Average mortgage payment to median income: 26.6%

In Minnesota, homeowners usually have a little breathing room in their budgets. The typical home price is close to the U.S. Price, and also incomes beat the nation as a whole by 14%.

Typical home price in Mississippi: $140,818 (48% of typical U.S. Price)

Typical single-family residence value in 2021: $140,642Average mortgage rate, July 2021: 3.102%Average mortgage payment to typical income: 20.4%

Mississippi has actually some of the cheapest residence prices in the joined States. Income are additionally on the short side in ~ 30% below the national median, yet mortgage payments room still really reasonable for occupants with typical incomes.

Typical home price in Missouri: $194,226 (66% of common U.S. Price)

Typical single-family house value in 2021: $195,099Average mortgage rate, July 2021: 3.046%Average mortgage payment to typical income: 22.4%

Homeowners in Missouri don't need to spend too lot of their money on your mortgages. Housing prices are well listed below the usual U.S. Price, and also earnings are only 6% less than the national median.

Typical house price in Montana: $359,678 (123% of usual U.S. Price)

Typical single-family house value in 2021: $358,751Average mortgage rate, July 2021: 3.099%Average mortgage payment to typical income: 41.8%

For inhabitants in Montana, ending up being a homeowner isn't easy. Not only are prices on the high side, but the median earnings is 13% reduced than the U.S. Median.

Typical residence price in Nebraska: $206,538 (70% of usual U.S. Price)

Typical single-family home value in 2021: $206,621Average mortgage rate, July 2021: 2.976%Average mortgage payment to mean income: 21.4%

Nebraska ranks as among the much better states for home affordability. It has actually inexpensive housing costs, short interest prices on mortgages, and a median earnings only 4% off from the of the joined States.

Typical home price in Nevada: $368,254 (126% of common U.S. Price)

Typical single-family residence value in 2021: $382,198Average mortgage rate, July 2021: 3.110%Average mortgage payment to median income: 38.7%

The usual Nevada resident has actually a tough time paying for a home because of high usual prices. Income aren't enough to balance that out, as they're 4% much less than the national median.

Typical residence price in new Hampshire: $366,129 (125% of common U.S. Price)

Typical single-family house value in 2021: $379,870Average mortgage rate, July 2021: 3.033%Average mortgage payment to median income: 31.0%

Buying a house in brand-new Hampshire is doable, but many inhabitants will find it challenging. Although the median income beats the U.S. Typical by 19%, the common home price still leads to expensive mortgage payments.

Typical house price in brand-new Jersey: $408,517 (139% of common U.S. Price)

Typical single-family residence value in 2021: $419,636Average mortgage rate, July 2021: 3.000%Average mortgage payment to mean income: 31.4%

New Jersey is home to high real estate costs and high wages (30% more than the nationwide median). Earnings don't quite outweigh the expensive residence prices, so mortgages take up a far-reaching chunk the what master make.

Typical house price in new Mexico: $248,670 (85% of usual U.S. Price)

Typical single-family home value in 2021: $250,046Average mortgage rate, July 2021: 3.104%Average mortgage payment to average income: 31.8%

The state of new Mexico is another where affording a house is possible, yet it can take some aggressive budgeting. While house prices are below the usual U.S. Price, the median revenue is also 21% reduced than the U.S. Median.

Typical home price in brand-new York: $371,880 (127% of usual U.S. Price)

Typical single-family house value in 2021: $324,464Average mortgage rate, July 2021: 3.050%Average mortgage payment to average income: 29.1%

Despite just how costly new York City is, brand-new York together a entirety isn't almost as bad. Home prices are much more expensive 보다 average, but the median income is also above average (10% an ext than the national median). The state end up just over 1% off from pass the 28% rule.

Typical house price in phibìc Carolina: $248,950 (85% of typical U.S. Price)

Typical single-family home value in 2021: $250,534Average mortgage rate, July 2021: 3.024%Average mortgage payment to average income: 28.6%

Housing is a little expensive in north Carolina, as the median mortgage payment come median income is slightly over the 28% mark. The typical home price is 15% much less than the usual U.S. Price. Average income follows a similar pattern, coming in 13% below the U.S. Median.

Typical residence price in phibìc Dakota: $246,588 (84% of common U.S. Price)

Typical single-family residence value in 2021: $251,844Average mortgage rate, July 2021: 2.945%Average mortgage payment to mean income: 25.0%

North Dakota homeowners have reasonable mortgage payments that take increase a quarter of their revenue on average. This state's real estate prices are much less expensive 보다 prices across the country, and the median earnings is just 2% much less than the national median.

Typical house price in Ohio: $181,756 (62% of common U.S. Price)

Typical single-family house value in 2021: $183,307Average mortgage rate, July 2021: 3.160%Average mortgage payment to average income: 20.7%

Low residence prices do Ohio one affordable ar to acquisition a home. Also with a median earnings 11% below the typical for the entirety country, typical mortgage payments don't cost much.

Typical residence price in Oklahoma: $150,574 (51% of usual U.S. Price)

Typical single-family home value in 2021: $151,469Average mortgage rate, July 2021: 3.080%Average mortgage payment to average income: 18.3%

Oklahoma provides some that the many affordable dwellings nationwide. Incomes are 17% less than the national median, yet the typical house price is proper over half of the usual U.S. Price.

Typical residence price in Oregon: $447,968 (153% of usual U.S. Price)

Typical single-family home value in 2021: $452,610Average mortgage rate, July 2021: 3.082%Average mortgage payment to typical income: 44.3%

The housing market in Oregon makes it difficult on would-be homeowners. Expensive prices without much distinction in median revenue (only 2% greater than the nationwide median) an outcome in really high typical mortgage payments.

Typical house price in Pennsylvania: $234,684 (80% of usual U.S. Price)

Typical single-family home value in 2021: $235,808Average mortgage rate, July 2021: 3.033%Average mortgage payment to average income: 24.4%

Pennsylvania residents can purchase residences with reasonable mortgage payments for your incomes (3% much less than the nationwide median). A typical home price 20% less than the usual U.S. Price keeps mortgages spending plan friendly.

Typical residence price in Rhode Island: $372,809 (127% of usual U.S. Price)

Typical single-family house value in 2021: $380,118Average mortgage rate, July 2021: 3.032%Average mortgage payment to mean income: 34.6%

Homeowners in Rhode Island are often stretched thin by costly mortgage payments. That's since of expensive homes and a median revenue (8% an ext than the U.S. Median) the isn't enough to balance those out.

Typical house price in southern Carolina: $225,406 (77% of common U.S. Price)

Typical single-family home value in 2021: $228,306Average mortgage rate, July 2021: 3.062%Average mortgage payment to median income: 26.5%

South Carolina outdoes its neighbor to the north when it pertains to housing costs. Mortgage payments pass the 28% rule because of this state's cheap homes, which consist of for a median revenue 14% reduced than the nationwide median.

Typical house price in south Dakota: $242,923 (83% of common U.S. Price)

Typical single-family house value in 2021: $243,785Average mortgage rate, July 2021: 2.946%Average mortgage payment to average income: 26.7%

While southern Dakota's median earnings is 9% much less than the U.S. Median, its typical house price is 17% less than the nationwide figure. Many thanks to that and also low mortgage attention rates, the average house payment doesn't take up too lot of residents' budgets.

Typical residence price in Tennessee: $231,682 (79% of typical U.S. Price)

Typical single-family house value in 2021: $230,253Average mortgage rate, July 2021: 3.015%Average mortgage payment to mean income: 27.2%

Tennessee has actually both lower real estate costs and incomes (15% under the nationwide median). Combined, those two determinants lead to an median mortgage payment the passes the 28% rule.

Typical house price in Texas: $247,210 (84% of usual U.S. Price)

Typical single-family home value in 2021: $248,078Average mortgage rate, July 2021: 3.052%Average mortgage payment to average income: 25.5%

While Texas is a well-known place to live, homes still price less 보다 what they execute in the rest of the country. The median income is just 3% much less than the U.S. Median, therefore the typical mortgage payment still leaves homeowners through plenty of money left over.

Typical house price in Utah: $465,012 (159% of common U.S. Price)

Typical single-family house value in 2021: $474,233Average mortgage rate, July 2021: 3.001%Average mortgage payment to mean income: 40.4%

The median revenue (15% more than the nationwide median) hasn't to be able to match home prices in Utah. The makes house ownership complicated for numerous residents due to the fact that of high typical mortgage payments.

Typical house price in Vermont: $299,998 (102% of common U.S. Price)

Typical single-family home value in 2021: $306,066Average mortgage rate, July 2021: 3.012%Average mortgage payment to typical income: 31.4%

In Vermont, the median earnings is somewhat reduced (4%) 보다 the nationwide median, vice versa, the typical home price is a bit higher. Unfortunately, that renders it expensive come buy a house here.

Typical residence price in Virginia: $328,640 (112% of usual U.S. Price)

Typical single-family home value in 2021: $332,336Average mortgage rate, July 2021: 2.991%Average mortgage payment to median income: 28.3%

Virginia doesn't fairly pass the 28% rule, however it's close. That's primarily due to a median revenue 16% higher than the nationwide median, which balances the end its above-average residence prices.

Typical house price in Washington: $519,552 (177% of common U.S. Price)

Typical single-family residence value in 2021: $529,327Average mortgage rate, July 2021: 3.058%Average mortgage payment to mean income: 43.7%

Although Washington's median revenue is 20% more than the U.S. Median, that's not almost enough to match its house prices. Occupants will have a difficult time making the average mortgage payment work.

Typical home price in West Virginia: $117,768 (40% of common U.S. Price)

Typical single-family residence value in 2021: $117,639Average mortgage rate, July 2021: 3.145%Average mortgage payment to mean income: 16.1%

The most affordable real estate in the nation goes come West Virginia. That is median income may be 26% less than the nationwide median, however it likewise has the lowest usual house price and average mortgage payment.

Typical home price in Wisconsin: $230,733 (79% of common U.S. Price)

Typical single-family home value in 2021: $232,906Average mortgage rate, July 2021: 3.037%Average mortgage payment to median income: 23.8%

Wisconsin offers a good combination of reasonable residence prices and a median income 2% much less than the U.S. Median. Because of that, the typical mortgage payment is affordable for what occupants earn.

Typical house price in Wyoming: $273,992 (93% of usual U.S. Price)

Typical single-family home value in 2021: $273,214Average mortgage rate, July 2021: 3.136%Average mortgage payment to average income: 28.1%

Wyoming has less-expensive houses than the norm, and also earnings are just 1% reduced than the mean income. The still doesn't manage to happen the 28% rule, even though it's as close as it gets.

See more: Has Anyone Served In All Branches Of The Military ? Local Vet Served In Every Military Branch

How come save once buying a home

With dwellings selling so quickly, you're unlikely to obtain a discount on the residence price itself. You have the right to still get the best possible deal top top a mortgage, though. Below are a few ways to carry out that:

Methodology

Average mortgage payments to be calculated based upon a 12% down payment and using the usual home prices and also the mean mortgage rates for each area as of July 2021.

Sources

Census office (2021). "2019 Median household Income in the joined States."

Joint facility for real estate Studies the Harvard university (2021). "Extraordinary and Unexpected Pandemic increase in home Prices: Causes and also Implications."

National association of Realtors (2021). "Inventory and also Months' Supply."

St. Louis Fed (2021). "Median Sales Price of houses Sold because that the unified States."