Average House Price by State in 2022

By:  Jack Caporal and Lyle Daly | Updated July 28, 2022

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A toy house next to stacks of coins.

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The average house price has been rising rapidly nationwide. According to the Federal Reserve Bank of St. Louis, the median home sales price is $428,700. That's an increase of $58,900 from just a year ago.

Why the fast rise in the average U.S. house price? Look no further than the COVID-19 pandemic.

Mortgage rates fell significantly in 2020, driving up demand as homebuyers looked to take advantage. The pandemic also led to consumers shifting spending to housing and pushed more millennials toward homeownership.

At the same time, homeowners have been reluctant to list their homes and there's a housing production shortfall. Housing supply shrunk through 2021, but housing inventory began to recover in 2022.

This resulted in one of the biggest seller's markets in history, although that may be changing as mortgage rates increase and housing supply expands. Now, let's take a deeper dive into what average house prices are like across the country.

Key findings

  • The median home price in the United States is $428,700 as of the first quarter of 2022.
  • Home prices in the U.S. increased by 30% from 2020 to 2022.
  • The median home price in the U.S. increased by 416% from 1980 to 2020.
  • The Zillow Home Value Index puts the typical home price in the U.S. at $354,649.
  • Mortgage payments on a typically priced home equal 30.7% of the U.S. median income.
  • Hawaii is the most difficult state to buy a home, based on Zillow's data. The average mortgage payment is 78.3% of the state's median income.
  • West Virginia has the cheapest home prices according to Zillow at 40% of the typical U.S. price. Mortgage payments there take up 16.5% of the state's median income on average, the lowest rate in the nation.

Average home price in the United States: $428,700

The median home sales price is $428,700 as of the first quarter of 2022. That's a 30% increase from 2020, when the median 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 mean home prices have changed over the last 40 years (prices are for January 1 of each year listed):

Year Median sales price of homes in the U.S. Mean sale price of homes 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
2022 Q1 $428,700 $507,800
Data source: Federal Reserve Bank of St. Louis (2022).

Home prices tend to rise over time with the occasional outlier. In recent history, that outlier was the Great Recession, which caused both median and mean home prices to drop.

Overall, median and mean home prices have made similar gains. Between 1980 and 2020 the median home price has increased by 416% and the mean has increased by 420%.

That data doesn't give us a full picture of home prices around the United States. There's no state-level data available for it, and it's only sales prices, so it's not the only way to capture home values. That's why we're also including Zillow's information on home prices.

Typical home price in the United States: $354,649

The Zillow Home Value Index (ZHVI) isn't an average, but it represents the typical home value in a given area. In the United States as a whole, the ZHVI is $354,649.

How affordable is that? Based on that typical home price and the U.S. median income of $67,521, mortgages take up 30.7% of a homeowner's income on average.

That doesn't quite pass the 28% rule, which says that your mortgage payment should be no more than 28% of your pre-tax income.

Housing costs and income vary quite a bit in each state. Here are the typical home prices in all 50 states, the typical value of a single-family home, and the average mortgage rate as of early August 2021. In addition, we've calculated how much an average mortgage payment in each state would cost in comparison to its median income.

State Typical home value, July 2022
Alabama $204,965
Alaska $337,373
Arizona $458,907
Arkansas $177,710
California $816,804
Colorado $604,911
Connecticut $383,222
Delaware $355,181
District of Columbia $826,124
Florida $415,762
Georgia $318,273
Hawaii $1,038,544
Idaho $476,198
Illinois $269,575
Indiana $221,437
Iowa $192,568
Kansas $206,176
Kentucky $197,644
Louisiana $214,522
Maine $360,836
Maryland $415,797
Massachusetts $611,819
Michigan $234,386
Minnesota $340,122
Mississippi $164,132
Missouri $231,062
Montana $449,723
Nebraska $239,814
Nevada $484,530
New Hampshire $450,827
New Jersey $480,275
New Mexico $296,395
New York $375,719
North Carolina $322,055
North Dakota $282,461
Ohio $213,360
Oklahoma $181,574
Oregon $534,956
Pennsylvania $267,549
Rhode Island $443,482
South Carolina $293,445
South Dakota $292,488
Tennessee $297,943
Texas $314,718
Utah $588,862
Vermont $358,862
Virginia $379,206
Washington $640,494
West Virginia $137,286
Wisconsin $266,750
Wyoming $320,939
Data source: Zillow (2022).

Typical home price in Alabama: $204,965 (48% of typical U.S. price)

  • Typical single-family home value in 2022: $204,965
  • Alabama mortgage rate, July 2022: 5.78%
  • Average mortgage payment to median income: 23.3%

While Alabama has a low median income (19% below the national median), its typical house prices are even lower. Because of that, residents don't pay too much for their mortgages.

Typical home price in Alaska: $337,373 (79% of typical U.S. price)

  • Typical single-family home value in 2022: $337,373
  • Alaska mortgage rate, July 2022: 5.68%
  • Average mortgage payment to median income: 27.7%

The typical house price in Alaska is lower than it is nationwide while the state boasts a median income 10% higher than the U.S. median.

Typical home price in Arizona: $458,907 (107% of typical U.S. price)

  • Typical single-family home value in 2022: $458,907
  • Arizona mortgage rate, July 2022: 5.87%
  • Average mortgage payment to median income: 43.0%

Mortgage payments take up a big chunk of homeowner' 'budgets in Arizona. That's due to a combination of high housing costs and a median income 1% below the national median.

Typical home price in Arkansas: $177,710 (41% of typical U.S. price)

  • Typical single-family home value in 2022: $177,710
  • Arkansas mortgage rates, July 2022: 5.83%
  • Average mortgage payment to median income: 21.8%

It isn't too expensive to own a home in Arkansas. The typical cost is less than half the typical U.S. price, which makes up for a median income 25% below the norm.

Typical home price in California: $816,804 (191% of typical U.S. price)

  • Typical single-family home value in 2022: $816,804
  • California mortgage rate, July 2022: 5.83%
  • Average mortgage payment to median income: 65.6%

Californians probably aren't surprised to see that it's one of the hardest places to afford a home, after all, it’s home to some of the most expensive housing markets, like San Francisco and the greater Bay area. Even though the median income is 15% higher than the U.S. median, extremely high prices put housing out of reach for many residents.

Typical home price in Colorado: $604,911 (141% of typical U.S. price)

  • Typical single-family home value in 2022: $604,911
  • Colorado mortgage rate, July 2022: 5.76%
  • Average mortgage payment to median income: 45.2%

A high median income (22% above the national median) isn't enough to make up for Colorado's housing prices. Homeowners have an average mortgage payment over 45% of their median income.

Typical home price in Connecticut: $383,222 (89% of typical U.S. price)

  • Typical single-family home value in 2022: $383,222
  • Connecticut mortgage rate, July 2022: 5.79%
  • Average mortgage payment to median income: 30%

Homes in Connecticut cost less than the typical price across the country while the median income in the state beats the U.S. median by 20%.

Typical home price in Delaware: $355,181 (83% of typical U.S. price)

  • Typical single-family home value in 2022: $355,181
  • Delaware mortgage rate, July 2022: 5.51%
  • Average mortgage payment to median income: 30.8%

Delaware also boasts housing prices below the U.S. median and a median income just over (2%) the national median.

Typical home price in the District of Columbia: $826,124 (193% of typical U.S. price)

  • Typical single-family home value in 2022: $826,124
  • District of Columbia mortgage rate, July 2022: 5.36%
  • Average mortgage payment to median income: 58%

Homes in Washington, D.C. are among the most highly valued in the U.S., yet despite its median income being 31% above the national median, the average mortgage payment still far exceeds the 28% rule.

Typical home price in Florida: $415,762 (97% of typical U.S. price)

  • Typical single-family home value in 2022: $415,762
  • Florida mortgage rate, July 2022: 5.79%
  • Average mortgage payment to median income: 44.8%

Florida homeowners spend nearly 45% of their median income on their mortgages. It's a somewhat high figure caused by a median income 15% below the national median.

Typical home price in Georgia: $318,273 (74% of typical U.S. price)

  • Typical single-family home value in 2022: $318,273
  • Georgia mortgage rate, July 2022: 5.78%
  • Average mortgage payment to median income: 33.4%

Lower average house prices in Georgia make it a budget-friendly place to own a home, even though the median income comes in 13% below the rest of the country.

Typical home price in Hawaii: $1,038,544 (242% of typical U.S. price)

  • Typical single-family home value in 2022: $1,038,544
  • Hawaii mortgage rate, July 2022: 5.64%
  • Average mortgage payment to median income: 78.3%

Hawaii takes the top spot as the most difficult place to afford a home. The median income may be 20% more than the U.S. median, but it's not enough to balance out staggering home prices.

Typical home price in Idaho: $476,198 (111% of typical U.S. price)

  • Typical single-family home value in 2022: $476,198
  • Idaho mortgage rate, July 2022: 5.69%
  • Average mortgage payment to median income: 43.5%

Idaho is expensive for homebuyers. It has a high typical home price, and incomes don't balance that out, as they're 2% less than the national median.

Typical home price in Illinois: $269,575 (63% of typical U.S. price)

  • Typical single-family home value in 2022: $269,575
  • Illinois mortgage rate, July 2022: 5.86%
  • Average mortgage payment to median income: 22.8%

Residents of Illinois generally don't need to spend too much of their salaries on their mortgages. The typical house price is 37% lower than the countrywide number, and incomes are 9% above the national median.

Typical home price in Indiana: $221,437 (52% of typical U.S. price)

  • Typical single-family home value in 2022: $221,437
  • Indiana mortgage rate, July 2022: 5.89%
  • Average mortgage payment to median income: 20.9%

With inexpensive housing, Indiana is one of the easier states to be a homeowner. The median income is 2% lower than the U.S. median, but residents still don't need to spend too much of that income on their mortgages.

Typical home price in Iowa: $192,568 (45% of typical U.S. price)

  • Typical single-family home value in 2022: $192,568
  • Iowa mortgage rate, July 2022: 5.5%
  • Average mortgage payment to median income: 16.9%

Iowa has very low housing prices, mortgage rates, and a median income 1% above the national median. Those factors help it rank near the bottom in terms of how much residents spend on a mortgage.

Typical home price in Kansas: $206,176 (48% of typical U.S. price)

  • Typical single-family home value in 2022: $206,176
  • Kansas mortgage rate, July 2022: 5.77%
  • Average mortgage payment to median income: 17.5%

Kansas is another state that combines cheap housing prices with a median income around the national median (8% above), which makes it affordable to buy a home there.

Typical home price in Kentucky: $197,644 (46% of typical U.S. price)

  • Typical single-family home value in 2022: $197,644
  • Kentucky mortgage rate, July 2022: 5.82%
  • Average mortgage payment to median income: 21.7%

The low average housing prices in Kentucky make up for incomes 16% below the national median. Since houses are inexpensive, Kentucky residents don't need to spend too much of their incomes on their mortgages.

Typical home price in Louisiana: $214,522 (50% of typical U.S. price)

  • Typical single-family home value in 2022: $214,522
  • Louisiana mortgage rate, July 2022: 5.8%
  • Average mortgage payment to median income: 26.1%

The typical homeowner in Louisiana spends just over a quarter of their salary on their mortgage. That reasonable amount is due to the cheap housing, as incomes in this state are 25% lower than the U.S. median.

Typical home price in Maine: $360,836 (84% of typical U.S. price)

  • Typical single-family home value in 2022: $360,836
  • Maine mortgage rate, July 2022: 5.87%
  • Average mortgage payment to median income: 35.5%

Many homeowners in Maine need to stretch their budgets to make it work. Although home prices are 16% below the country as a whole, the median income is 6% lower than the national median.

Typical home price in Maryland: $415,797 (97% of typical U.S. price)

  • Typical single-family home value in 2022: $514,797
  • Maryland mortgage rate, July 2022: 5.69%
  • Average mortgage payment to median income: 27%

In Maryland, the average mortgage payment is just barely able to meet the 28% rule. That’s despite housing prices just below the national median and median income 40% above the national median.

Typical home price in Massachusetts: $611,819 (143% of typical U.S. price)

  • Typical single-family home value in 2022: $611,819
  • Massachusetts mortgage rate, July 2022: 5.7%
  • Average mortgage payment to median income: 43.2%

Massachusetts has some of the country's most expensive housing costs. Owning a home is challenging in this state, even with a median income that beats the national median by 28%.

Typical home price in Michigan: $234,386 (55% of typical U.S. price)

  • Typical single-family home value in 2022: $234,386
  • Michigan mortgage rate, July 2022: 5.89%
  • Average mortgage payment to median income: 23%

Michigan residents don't need to spend too much on housing. The typical home price keeps mortgage payments affordable, even with high mortgage rates and a median income 5% lower than the nationwide median.

Typical home price in Minnesota: $340,122 (79% of typical U.S. price)

  • Typical single-family home value in 2022: $340,122
  • Minnesota mortgage rate, July 2022: 5.8%
  • Average mortgage payment to median income: 26.9%

In Minnesota, homeowners normally have a little breathing room in their budgets. The typical home price is below the U.S. price, and incomes beat the country as a whole by 16%.

Typical home price in Mississippi: $164,132 (38% of typical U.S. price)

  • Typical single-family home value in 2022: $164,132
  • Mississippi mortgage rate, July 2022: 5.8%
  • Average mortgage payment to median income: 22.7%

Mississippi has some of the cheapest home prices in the United States. Incomes are also on the low side at 33% below the national median, but mortgage payments are still very reasonable for residents with average incomes.

Typical home price in Missouri: $231,062 (54% of typical U.S. price)

  • Typical single-family home value in 2022: $231,062
  • Missouri mortgage rate, July 2022: 5.91%
  • Average mortgage payment to median income: 23.4%

Homeowners in Missouri don't need to spend too much of their money on their mortgages. Housing costs are well below the typical U.S. price, and earnings are only 8% less than the national median.

Typical home price in Montana: $449,723 (105% of typical U.S. price)

  • Typical single-family home value in 2022: $449,723
  • Montana mortgage rate, July 2022: 5.74%
  • Average mortgage payment to median income: 49%

For residents in Montana, becoming a homeowner isn't easy. Not only are prices on the high side, but the median income is 16% lower than the U.S. median.

Typical home price in Nebraska: $239,814 (56% of typical U.S. price)

  • Typical single-family home value in 2022: $239,814
  • Nebraska mortgage rate, July 2022: 5.84%
  • Average mortgage payment to median income: 20.7%

Nebraska ranks as one of the better states for home affordability. It has inexpensive housing costs, low interest rates on mortgages, and a median income 7% above that of the United States.

Typical home price in Nevada: $484,530 (113% of typical U.S. price)

  • Typical single-family home value in 2022: $484,530
  • Nevada mortgage rate, July 2022: 5.73%
  • Average mortgage payment to median income: 48.9%

The typical Nevada resident has a tough time paying for a home because of high prices. Incomes aren't enough to balance that out, as they're 10% less than the national median.

Typical home price in New Hampshire: $450,827 (105% of typical U.S. price)

  • Typical single-family home value in 2022: $450,827
  • New Hampshire mortgage rate, July 2022: 5.71%
  • Average mortgage payment to median income: 31.3%

Buying a home in New Hampshire is doable, but many residents will find it challenging. Although the median income beats the U.S. median by 31%, the typical home price still leads to expensive mortgage payments.

Typical home price in New Jersey: $480,275 (105% of typical U.S. price)

  • Typical single-family home value in 2022: $480,275
  • New Jersey mortgage rate, July 2022: 5.71%
  • Average mortgage payment to median income: 31.3%

New Jersey is home to high housing costs and high salaries (31% more than the national median). Earnings don't quite outweigh the expensive home prices, so mortgages take up a significant chunk of what homeowners make.

Typical home price in New Mexico: $296,395 (69% of typical U.S. price)

  • Typical single-family home value in 2022: $296,395
  • New Mexico mortgage rate, July 2022: 5.88%
  • Average mortgage payment to median income: 36.5%

The state of New Mexico is another where affording a home is possible, but it can take some aggressive budgeting. While home prices are below the typical U.S. price, the median income is also 25% lower than the U.S. median.

Typical home price in New York: $375,719 (88% of typical U.S. price)

  • Typical single-family home value in 2022: $375,719
  • New York mortgage rate, July 2022: 5.66%
  • Average mortgage payment to median income: 33.6%

Despite how costly New York City is, New York as a whole isn't nearly as bad. House prices are below average and the median income is 1% above average. Still, the state ends up a bit over 5% off of passing the 28% rule.

Typical home price in North Carolina: $322,055 (88% of typical U.S. price)

  • Typical single-family home value in 2022: $322,055
  • North Carolina mortgage rate, July 2022: 5.66%
  • Average mortgage payment to median income: 33.6%

Despite below average housing costs in North Carolina, median income 11% less than the national average leads residents in the state to miss the 28% rule.

Typical home price in North Dakota: $282,461 (66% of typical U.S. price)

  • Typical single-family home value in 2022: $282,461
  • North Dakota mortgage rate, July 2022: 5.6%
  • Average mortgage payment to median income: 26.9%

North Dakota homeowners have reasonable mortgage payments that take just over a quarter of their income on average. This state's housing prices are less expensive than prices across the country, and the median income is only 6% less than the national median.

Typical home price in Ohio: $213,360 (66% of typical U.S. price)

  • Typical single-family home value in 2022: $213,360
  • Ohio mortgage rate, July 2022: 5.9%
  • Average mortgage payment to median income: 26.9%

Low house prices make Ohio an affordable place to purchase a home. Even with a median income 6% below the median for the whole country, average mortgage payments don't cost much.

Typical home price in Oklahoma: $181,574 (42% of typical U.S. price)

  • Typical single-family home value in 2022: $181,574
  • Oklahoma mortgage rate, July 2022: 5.88%
  • Average mortgage payment to median income: 21.7%

Oklahoma offers some of the most affordable homes nationwide. Incomes are 22% less than the national median, but the median house price is less than half of the typical U.S. price.

Typical home price in Oregon: $534,956 (125% of typical U.S. price)

  • Typical single-family home value in 2022: $534,956
  • Oregon mortgage rate, July 2022: 5.81%
  • Average mortgage payment to median income: 43.3%

The housing market in Oregon makes it hard on would-be homeowners. Mortgage payments are high despite Oregon residents earning 13% more than the national average.

Typical home price in Pennsylvania: $267,549 (62% of typical U.S. price)

  • Typical single-family home value in 2022: $267,549
  • Pennsylvania mortgage rate, July 2022: 5.65%
  • Average mortgage payment to median income: 23.3%

Pennsylvania residents can purchase homes with attractive mortgage payments for their incomes (4% above than the national median). A typical home price 38% less than the typical U.S. price keeps mortgages budget friendly.

Typical home price in Rhode Island: $443,482 (103% of typical U.S. price)

  • Typical single-family home value in 2022: $443,482
  • Rhode Island mortgage rate, July 2022: 5.84%
  • Average mortgage payment to median income: 34.5%

Homeowners in Rhode Island are often stretched thin by costly mortgage payments. That's because of expensive homes and a median income (18% more than the U.S. median) that isn't enough to balance those out.

Typical home price in South Carolina: $293,445 (68% of typical U.S. price)

  • Typical single-family home value in 2022: $293,445
  • South Carolina mortgage rate, July 2022: 5.71%
  • Average mortgage payment to median income: 30%

South Carolina outdoes its neighbor to the north when it comes to housing costs. But despite cheap homes, a median income 11% below the national median pushes average mortgage payments above the 28% rule.

Typical home price in South Dakota: $292,488 (68% of typical U.S. price)

  • Typical single-family home value in 2022: $292,488
  • South Dakta mortgage rate, July 2022: 5.86%
  • Average mortgage payment to median income: 26.1%

With earners in South Dakota making 3% more than the national median and low housing prices, the average home payment in South Dakota doesn't take up too much of residents' budgets.

Typical home price in Tennessee: $297,943 (69% of typical U.S. price)

  • Typical single-family home value in 2022: $297,943
  • Tennessee mortgage rate, July 2022: 5.76%
  • Average mortgage payment to median income: 33.6%

Tennessee’s lower-than-average housing costs isn’t enough to compensate for incomes 19% under the national median. As a result, average mortgage payments exceed the 28% rule.

Typical home price in Texas: $314,718 (73% of typical U.S. price)

  • Typical single-family home value in 2022: $314,718
  • Texas mortgage rate, July 2022: 5.68%
  • Average mortgage payment to median income: 28.3%

While Texas is a popular place to live, homes still cost less than what they do in the rest of the country. The median income is 1% above the U.S. median, so the average mortgage payment still leaves homeowners with plenty of money left over.

Typical home price in Utah: $588,862 (137% of typical U.S. price)

  • Typical single-family home value in 2022: $588,862
  • Utah mortgage rate, July 2022: 5.65%
  • Average mortgage payment to median income: 42.9%

The median income (24% more than the national median) hasn't been able to match home prices in Utah. That makes home ownership difficult for many residents because of high average mortgage payments.

Typical home price in Vermont: $358,862 (84% of typical U.S. price)

  • Typical single-family home value in 2022: $358,862
  • Vermont mortgage rate, July 2022: 5.8%
  • Average mortgage payment to median income: 33.2%

Despite homes in Vermont costing 16% below the national median and income in the state being just 1% less than the national median, homeowners still face a mortgage payment that exceeds the 28% rule.

Typical home price in Virginia: $379,206 (88% of typical U.S. price)

  • Typical single-family home value in 2022: $379,206
  • Virginia mortgage rate, July 2022: 5.67%
  • Average mortgage payment to median income: 28.3%

Virginia doesn't quite pass the 28% rule, but it's close. That's primarily due to a median income 21% greater than the national median, which isn’t quite enough despite home prices below the national median.

Typical home price in Washington: $640,494 (149% of typical U.S. price)

  • Typical single-family home value in 2022: $640,494
  • Washington mortgage rate, July 2022: 5.81%
  • Average mortgage payment to median income: 49%

Although Washington's median income is 20% more than the U.S. median, that's not nearly enough to match its home prices. Residents will have a hard time making the average mortgage payment work.

Typical home price in West Virginia: $137,286 (32% of typical U.S. price)

  • Typical single-family home value in 2022: $137,286
  • West Virginia mortgage rate, July 2022: 5.83%
  • Average mortgage payment to median income: 16.5%

The most affordable housing in the country goes to West Virginia. Its median income may be 24% less than the nationwide median, but it also has the lowest typical house price and average mortgage payment.

Typical home price in Wisconsin: $266,750 (62% of typical U.S. price)

  • Typical single-family home value in 2022: $266,750
  • Wisconsin mortgage rate, July 2022: 5.84
  • Average mortgage payment to median income: 24.7%

Wisconsin offers a good combination of reasonable home prices and a median income just 1% less than the U.S. median. Because of that, the average mortgage payment is affordable for what residents earn.

Typical home price in Wyoming: $320,939 (75% of typical U.S. price)

  • Typical single-family home value in 2022: $320,939
  • Wyoming mortgage rate, July 2022: 5.59%
  • Average mortgage payment to median income: 29.9%

Wyoming has less-expensive homes than the norm, and earnings are only 4% lower than the median income. It still doesn't manage to pass the 28% rule, even though it's fairly close.

How to save when buying a home

With average home prices in the U.S. on the rise, you may want to consider how to save if you’re thinking of buying a house. Here are a few ways:

The Ascent also has a mortgage calculator that can help you figure out mortgage payments and house affordability calculator to help you determine how much real estate you can afford.

Methodology

Average mortgage payments were calculated based on a 12% down payment and using the typical home prices and the average mortgage rates for each area as of July 2022.

Sources

Many or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

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