🏡 Main Highlights: Average House Prices by U.S. State (Dec 2024)
📊 Key Takeaways
- Vermont has the highest housing cost burden, where insurance consumes 19.6% of income.
- New Hampshire has the lowest, with insurance at just 4% of income.
- Rural and Southern states generally face higher relative cost burdens despite lower home prices.
🏷️ Methodology
- Data is based on median sale prices of residential properties closed in December 2024.
- Sources include PropertyShark, National Association of Realtors (NAR), and Redfin.
💰 Selected State Median Prices
| State | Price | Notable Detail |
|---|---|---|
| California | $825K | Most expensive state |
| Hawaii | $760K | Coastal premium |
| Utah | $562K | High elevation, active market |
| Washington | $612K | Strong tech-driven real estate |
| Texas | $352K | Comparatively affordable |
| Alabama | $220K | Among the most affordable states |
| Vermont | $353K | Highest insurance-to-income ratio |
| New Hampshire | $466K | Lowest insurance cost burden |
Data Source: Cheapest States to Buy a House
