Average House Price by State in 2025

The median house price is $416,900 as of the first quarter of 2025, according to the Federal Reserve Bank of St. Louis. That's down $2,400 from the previous quarter and $9,900 lower than the previous year.

The average house price is higher than the median, $503,800 for the first quarter of the year. That's down from $510,900 from the previous quarter and $519,700 from the first quarter of 2024.

House prices grew quickly from mid-2021 through late 2022, but the market has started to cool off. The median home sales price in the U.S. declined in three out of four quarters in 2023, but just one quarter in 2024. Still, the median home sales price fell overall in 2024.

Mortgage rates dropped significantly in 2020, driving up demand as home buyers looked to take advantage. The COVID-19 pandemic also led to consumers shifting spending to housing and pushed more millennials toward homeownership. Starting in 2022, however, mortgage rates began to rise rapidly as the Federal Reserve raised rates, and house prices have dropped from their peak.

Mortgage rates declined from the fall of 2023 through the fall of 2024, but have since rebounded.

Let's take a deeper dive into what average house prices are like across the country.

Average home price in the United States: $503,800

The average home sales price is $503,800 as of the first quarter of 2025. That's a 1% decrease from the previous quarter but a 32% increase from the first quarter of 2020, when the average home sales price was $383,300.

The median home sales price is $416,900 as of the first quarter of 2025. That's also a 1% decrease quarter over quarter and a 27% increase from the first quarter of 2020, when the median sales price was $329,000.

The average cost of a house in the United States has increased over the past four decades. Here's a look at how the median and average home sales prices have changed over the last 40 years (prices are for the first quarter of each year listed unless otherwise specified):

Between 1980 and 2020, the median home sales price increased by 416%. From 1980 to the first quarter of 2025, home sales prices rose 554%.

The gap between those percentage changes is a result of home prices rapidly rising from 2020 through late 2022. From the first quarter of 2020 to the fourth quarter of 2022, the median home sales price rose 46% from $329,000 to $479,500, among the fastest rate of median home sales price increases in U.S. history.

Typical home value in the United States: $361,293

The Federal Reserve only provides data on home sales prices and does not include state-level data. The Zillow Home Value Index (ZHVI), however, does provide that data. The ZHVI isn't an average, but it represents the typical home value in a given area. In the United States as a whole, the average ZHVI over the first quarter of 2025 was $361,293.

Affordability of housing varies by state. For a look at house prices in each state, the median income by state, and housing affordability, read on.

Typical home value by state

Typical home value in Alabama: $228,570 (64% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $228,570
• Median household income as a percentage of home value: 26%

Alabama's housing is quite affordable, with home prices significantly below the national average. The relatively high median income percentage of home value suggests better affordability in the state.

Typical home value in Alaska: $371,504 (104% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $371,504
• Median household income as a percentage of home value: 24%

Alaska's home prices are slightly above the national typical home value, but the high median income helps offset these costs, making homes relatively more affordable than expected.

Typical home value in Arizona: $430,750 (121% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $430,750
• Median household income as a percentage of home value: 17%

Arizona's homes are priced above the national typical national home value, with a lower median income-to-home-value ratio, indicating a potential challenge in affordability.

Typical home value in Arkansas: $210,515 (59% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $210,515
• Median household income as a percentage of home value: 26%

In Arkansas, home values are well below the national average. A high median income percentage of home value makes housing in the state more accessible.

Typical home value in California: $791,738 (222% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $791,738
• Median household income as a percentage of home value: 12%

California faces significant housing affordability issues, with homes valued over twice the national typical value and a low median income-to-home-value percentage reflecting challenging conditions.

Typical home value in Colorado: $553,939 (155% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $553,939
• Median household income as a percentage of home value: 16%

Colorado homes are priced well above the typical U.S. home value. Although income levels are relatively high, home values likely remain a significant burden for many households.

Typical home value in Connecticut: $413,100 (116% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $413,100
• Median household income as a percentage of home value: 21%

Homes in Connecticut are valued above the national Zillow benchmark. High household incomes compared to property values may make buying a home more accessible for families.

Typical home value in Delaware: $389,815 (109% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $389,815
• Median household income as a percentage of home value: 21%

Delaware's housing prices are slightly above the typical home value in the U.S., but strong income rates provide better affordability for state residents.

Typical home value in District of Columbia: $608,157 (170% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $608,157
• Median household income as a percentage of home value: 17%

The District of Columbia has extremely high home values, and despite high median incomes, affordability remains a major issue within the area.

Typical home value in Florida: $388,957 (109% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $388,957
• Median household income as a percentage of home value: 18%

Florida's home prices are just above the typical national house price, with median incomes supporting relatively decent housing affordability.

Typical home value in Georgia: $329,919 (92% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $329,919
• Median household income as a percentage of home value: 22%

Georgia offers homes priced below the national average with a favorable income-to-home-value ratio that supports affordability in the region.

Typical home value in Hawaii: $843,723 (236% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $843,723
• Median household income as a percentage of home value: 11%

Hawaii has exceedingly high home values, more than double the national typical home value benchmark from Zillow, creating significant affordability challenges despite the median household income in the state being above the national median.

Typical home value in Idaho: $461,856 (129% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $461,856
• Median household income as a percentage of home value: 16%

Idaho's homes exceed the U.S. typical price, with a relatively low income-to-home-value percentage, pointing towards potential affordability issues.

Typical home value in Illinois: $272,344 (76% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $272,344
• Median household income as a percentage of home value: 28%

Illinois enjoys greater affordability with home prices substantially below average and higher income levels.

Typical home value in Indiana: $244,114 (68% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $244,114
• Median household income as a percentage of home value: 27%

Indiana's housing market is affordable relative to incomes, providing residents with accessible housing options.

Typical home value in Iowa: $219,392 (61% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $219,392
• Median household income as a percentage of home value: 32%

Iowa demonstrates high housing affordability with both low home values and high median income percentages to home values.

Typical home value in Kansas: $231,054 (65% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $231,054
• Median household income as a percentage of home value: 30%

Kansas provides an exceptionally affordable housing market with home prices well below the national average and a favorable income ratio.

Typical home value in Kentucky: $215,638 (60% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $215,638
• Median household income as a percentage of home value: 28%

Kentucky offers affordable living with home prices substantially lower than the U.S. average and decent median household income.

Typical home value in Louisiana: $200,963 (56% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $200,963
• Median household income as a percentage of home value: 28%

Louisiana possesses some of the most affordable housing across the states, with extremely low prices relative to the U.S. average.

Typical home value in Maine: $400,330 (112% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $400,330
• Median household income as a percentage of home value: 17%

Maine reflects higher-than-typical home values compared to the national benchmark, with moderate income-to-home-value percentages, creating some affordability challenges.

Typical home value in Maryland: $425,215 (119% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $425,215
• Median household income as a percentage of home value: 22%

Maryland's housing market is relatively expensive, but a relatively high median household income makes it more affordable.

Typical home value in Massachusetts: $634,548 (178% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $634,548
• Median household income as a percentage of home value: 15%

Massachusetts stands out with high home values and a fairly low income-to-home-value ratio, indicating costly living conditions.

Typical home value in Michigan: $247,917 (69% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $247,917
• Median household income as a percentage of home value: 27%

Michigan offers affordable housing with home values well below average, aligning well with the state's median income.

Typical home value in Minnesota: $337,608 (95% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $337,608
• Median household income as a percentage of home value: 24%

Minnesota maintains close-to-typical home values, complemented by good income-to-property-value ratios, aiding affordability.

Typical home value in Mississippi: $180,497 (51% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $180,497
• Median household income as a percentage of home value: 29%

Mississippi ranks among the most affordable states with very low home values, though correspondingly lower incomes.

Typical home value in Missouri: $251,319 (70% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $251,319
• Median household income as a percentage of home value: 26%

Missouri provides affordable housing and a median income somewhat close to the national median, facilitating easier home ownership.

Typical home value in Montana: $458,707 (129% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $458,707
• Median household income as a percentage of home value: 15%

Montana displays home prices above the typical U.S. home value, with a lower income-to-value ratio, presenting affordability constraints.

Typical home value in Nebraska: $264,444 (74% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $264,444
• Median household income as a percentage of home value: 26%

Nebraska's housing is affordable, supported by a favorable income ratio, making it accessible for residents.

Typical home value in Nevada: $448,307 (126% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $448,307
• Median household income as a percentage of home value: 16%

Nevada has high home prices relative to the typical price nationwide, with a relatively weaker income-to-home-value ratio, posing potential affordability challenges.

Typical home value in New Hampshire: $487,065 (137% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $487,065
• Median household income as a percentage of home value: 18%

New Hampshire has higher home prices, partially offset by above-average incomes.

Typical home value in New Jersey: $546,855 (153% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $546,855
• Median household income as a percentage of home value: 18%

New Jersey's housing costs are considerably above the typical nationwide home value, but balanced moderately by strong household incomes.

Typical home value in New Mexico: $307,402 (86% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $307,402
• Median household income as a percentage of home value: 19%

New Mexico features typical housing prices -- and median income -- slightly below their respective national benchmarks, making housing less affordable than in other states.

Typical home value in New York: $484,942 (136% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $484,942
• Median household income as a percentage of home value: 16%

New York's elevated home values challenge affordability despite a relatively high median household income.

Typical home value in North Carolina: $331,971 (93% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $331,971
• Median household income as a percentage of home value: 20%

North Carolina has property values close to the typical home value nationally, paired with good incomes, making it a relatively more affordable state to own a home in.

Typical home value in North Dakota: $268,612 (75% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $268,612
• Median household income as a percentage of home value: 27%

North Dakota offers moderately affordable housing and a median state income essentially in line with the national median, creating a housing market more affordable than most.

Typical home value in Ohio: $234,156 (66% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $234,156
• Median household income as a percentage of home value: 28%

Ohio enjoys housing market affordability with homes priced well under the national median and a median household income only slightly less than the national median.

Typical home value in Oklahoma: $208,060 (58% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $208,060
• Median household income as a percentage of home value: 29%

Oklahoma has one of the most affordable housing markets in the country, despite the median household income being relatively modest.

Typical home value in Oregon: $501,661 (141% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $501,661
• Median household income as a percentage of home value: 15%

Oregon has relatively high property values and a median household income in line with the national median, which makes it among the most challenging housing markets to navigate financially.

Typical home value in Pennsylvania: $271,684 (76% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $271,684
• Median household income as a percentage of home value: 26%

Pennsylvania's moderate home prices and median income close to the national median create a combination that results in above average home affordability.

Typical home value in Rhode Island: $475,093 (133% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $475,093
• Median household income as a percentage of home value: 17%

Rhode Island has higher home values and a state-wide median household income that doesn't keep pace, which makes it a challenging housing market.

Typical home value in South Carolina: $297,901 (83% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $297,901
• Median household income as a percentage of home value: 22%

South Carolina has affordable property values and a well-matched median income. As a result, home affordability in South Carolina is average relative to other states.

Typical home value in South Dakota: $308,172 (86% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $308,172
• Median household income as a percentage of home value: 23%

South Dakota has manageable housing costs supported by a median household income that's less than 10% off the national median, making the housing market relatively accessible.

Typical home value in Tennessee: $319,033 (89% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $319,033
• Median household income as a percentage of home value: 20%

Tennessee offers relatively affordable homes below benchmark U.S. values. The median household income there is below the national median, so the market doesn't stand out for home affordability.

Typical home value in Texas: $303,861 (85% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $303,861
• Median household income as a percentage of home value: 24%

Homes in Texas are relatively affordable thanks to the typical value being 15% below the national benchmark and the median household income in the state being just 3% off the national median.

Typical home value in Utah: $530,568 (149% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $530,568
• Median household income as a percentage of home value: 17%

The typical home value in Utah is nearly 50% above the national benchmark and the median household income in the state doesn't keep up, which creates housing affordability challenges.

Typical home value in Vermont: $389,977 (109% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $389,977
• Median household income as a percentage of home value: 19%

Vermont's housing market is slightly more expensive than average, with typical home prices 9% above the typical price nationwide and median incomes in the state in line with the national median.

Typical home value in Virginia: $399,875 (112% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $399,875
• Median household income as a percentage of home value: 21%

Virginia balances higher-than-typical homes with median incomes above the national median by a similar percentage, making home affordability in the state middling.

Typical home value in Washington: $604,722 (169% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $604,722
• Median household income as a percentage of home value: 15%

Washington has one of the most expensive and least affordable housing markets in the country due to typical home values there being nearly 70% above the national median and median incomes in the state being just 22% above the national benchmark.

Typical home value in West Virginia: $167,168 (47% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $167,168
• Median household income as a percentage of home value: 32%

West Virginia has the nation's most affordable housing when measured by median income to typical home value. The typical home in West Virginia is 47% of the national benchmark, making them the cheapest in the country. The median income in the state is second-lowest in the country, but more than enough to make homes affordable.

Typical home value in Wisconsin: $311,228 (87% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $311,228
• Median household income as a percentage of home value: 23%

Wisconsin has relatively affordable housing with the typical home price there being 13% below the typical national value and the median income being just 5% off the national benchmark.

Typical home value in Wyoming: $356,476 (100% of typical U.S. price)

• Typical single-family home value in the first quarter of 2025: $356,476
• Median household income as a percentage of home value: 20%

Homes in Wyoming are in line with the typical value nationwide and the median household income in the state is just 6% below the national median, making house affordability average compared to the rest of the country.

How to save when buying a home

With average home prices in the U.S. in flux, you may want to consider how to save if you're thinking of buying a house. Here are a few ways to get ready for a mortgage:

• Take steps to increase your credit score. When applying for a mortgage, home buyers with a FICO® Score of 760 or higher typically qualify for the lowest mortgage rates.
• Save up money for a larger down payment. Putting 20% down means you don't need to pay private mortgage insurance.
• Shop around when choosing a mortgage lender. Be sure to consider the best mortgage lenders. And don't forget to check out online mortgage lenders. Different lenders will offer different APRs, and even a slightly lower one can result in big long-term savings.

Motley Fool Money also has a mortgage calculator that can help you figure out your mortgage payments based on different home prices, mortgage rates, down payments, and other factors.