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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
The difference in housing costs from city to city is especially important. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham , Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose , California (the highest cost of ...
A housing affordability index (HAI) is an index that measures housing affordability, usually the degree to which the median person or family in a particular country or region can afford housing/housing-related costs. [1][2][3] An HAI is seen as an overall indication of the cost of living in an area; with that said, a cost-of-living index would ...
The city’s score is 5.1 points higher than it was at this time last year. The median sales price in the Kansas City area rose 5.7% over the year to $350,000. This compares to a national increase ...
Top 10 Most Expensive Housing Markets. San Jose, CA. Average home sale price as of 4/30/2024: $1,502,362. Price increase over one year: 12.9%. Average home sale price as of 4/30/2023: $1,330,125
Find Out: These Are the 50 Best Cities for Gen Z To Live Well on a Budget. dlewis33 / Getty Images/iStockphoto. 16. Little Rock, Arkansas. Clear days: 119. Days below 32 °: 54. Days above 90 ...
The cost of housing plays an important part in determining where cities are ranked. Two main factors determine a city’s ranking in Mercer’s survey – the relative strength of the relevant currency against the US dollar over the prior 12 months and price movements over the prior 12 months compared to those in New York City as the base.
Jonathon Smoke, chief economist at Realtor.com, analyzed and researched 50 major housing markets in the country (using data from 2001 to 2015) to see which markets may be the most at risk of a ...
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