How Much the Average House Costs in Each State
Owning your home is still very much a part of the American dream—but it's not cheap: The national median price is $218,000. Here's a look at the average home costs in each state in 2018.
Although the average price of a home is $305,902, you can expect to pay more in the state's five fastest appreciating cities—McClellanville, Folly Beach, Kiawah Island, St. Stephen, and Charleston, according to Neighborhoodscout.com. But don't forget Myrtle Beach, which boasts amusement parks, restaurants, music venues, and more, not to mention a cost of living 8 percent below the national average.
The average price of a home is $225,152. Sioux Falls is the little engine that could: It feels like a small town, but its economy ticks away at a much higher pace. The area is fueled by low taxes, a good labor force, and business-friendly state laws, according to Bestplaces.net. Wells Fargo, Citibank, HSBC, and others have large processing operations here, helping ensure job growth.
Home to the Grand Ole Opry, Tennessee's average home price is $269,212. Nashville draws visitors and new residents alike. The food, the country music, the low cost of living, what's not to like? If you visit Nashville, here's how to experience it like a local.
Texas happens to have the hottest housing market in the nation. While the state's average purchase price of a home is $283,005, The town of Midland has a four-month streak of top sales, according to Realtor.com, thanks to its surging oil economy. Homes there get 2.4 times more views per listing than the national average.
The average price of a home is $338,405. In Ogden, you need to make roughly $59,000 to buy a home and live comfortably, according to Finder.com. Salt Lake City is on the upswing with new construction opening up the housing market. Inventory jumped 48.6 percent, rebounding from a 16 percent drop in 2017.
With the average price of a home at $282,726, Vermont is more than just a great vacation spot. Lovely towns like Burlington—home to the University of Vermont—and Stowe with its incredible ski resort offer plenty. One drawback: The cost of living is more than 20 percent above the national average, according to Bestplaces.net. Don't miss the best free tourist attraction in every state.
The proximity to the nation's capital helps explain the state's average home price of $446,984. Plenty of people commute to D.C. for work from Virgina. Want to live in Virginia Beach? You'll need around $70,000 to buy a home and live comfortably, according to Finder.com.
The tech boom in the Pacific Northwest has boosted the average price of a home to $454,119. Big salaries and an increase in demand have pushed up the cost of living. You'll need a salary of more than $127,000 to meet your needs, reports Finder.com.
Here you'll find the average price of a home runs $221,125. Even better, your upkeep will be extremely reasonable. According to Porch.com, it's the second least expensive state for routine home maintenance, coming in at about $15,000 a year. Find out the most iconic bucket list adventures in each state.
The word is out about Madison in this state, where the average price of a home is $244,238. The state capital happens to also be a lovely and extremely liveable college town. These days it takes almost $70,000 to buy a house and meet expenses, according to Finder.com.