Median Home Value by State 2026
Median Home Value by State 2026
Ranking - Economy
Quick Answer
What matters most
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Hawaii has the highest median home value in the U.S. at over $800,000, followed by California ($693,700) and Washington ($528,300). Limited land, restricted zoning, and high demand in coastal metros drive prices far above the national median.
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West Virginia has the lowest median home value at around $125,000 — roughly one-sixth of Hawaii's figure. Mississippi and Oklahoma also rank among the most affordable states for homebuyers.
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The national median home value is approximately $308,000 (U.S. Census Bureau, 2023 ACS). Twenty-six states fall below that national median.
Map
Median Home Value by State 2026
| Rank | State | Median Value |
|---|---|---|
| 1 | Hawaii | 814,500 |
| 2 | California | 693,700 |
| 3 | Washington | 528,300 |
| 4 | Massachusetts | 510,400 |
| 5 | Colorado | 493,100 |
| 6 | Utah | 484,100 |
| 7 | Oregon | 426,400 |
| 8 | New Jersey | 400,900 |
| 9 | Nevada | 381,600 |
| 10 | New Hampshire | 377,600 |
| 11 | Montana | 376,200 |
| 12 | Maryland | 375,600 |
| 13 | Rhode Island | 371,600 |
| 14 | Virginia | 367,900 |
| 15 | New York | 367,200 |
| 16 | Idaho | 361,500 |
| 17 | Florida | 348,000 |
| 18 | Arizona | 327,400 |
| 19 | Connecticut | 326,200 |
| 20 | Alaska | 316,400 |
| 21 | Delaware | 296,700 |
| 22 | Vermont | 295,900 |
| 23 | Texas | 294,400 |
| 24 | Minnesota | 293,200 |
| 25 | Wyoming | 281,300 |
| 26 | Georgia | 277,000 |
| 27 | Maine | 274,400 |
| 28 | North Carolina | 273,600 |
| 29 | Tennessee | 269,600 |
| 30 | Illinois | 247,500 |
| 31 | South Carolina | 245,200 |
| 32 | South Dakota | 237,300 |
| 33 | Wisconsin | 237,300 |
| 34 | New Mexico | 233,200 |
| 35 | Pennsylvania | 231,600 |
| 36 | North Dakota | 220,600 |
| 37 | Michigan | 211,700 |
| 38 | Nebraska | 211,000 |
| 39 | Missouri | 202,500 |
| 40 | Indiana | 201,800 |
| 41 | Ohio | 196,200 |
| 42 | Kansas | 185,900 |
| 43 | Alabama | 174,600 |
| 44 | Louisiana | 173,400 |
| 45 | Iowa | 173,300 |
| 46 | Kentucky | 172,800 |
| 47 | Oklahoma | 171,200 |
| 48 | Arkansas | 154,200 |
| 49 | Mississippi | 140,800 |
| 50 | West Virginia | 124,800 |
Hawaii and California are the clear outliers above $600,000. The Mountain West and Northeast follow. West Virginia, Mississippi, and Arkansas anchor the most affordable end under $160,000.
Median Home Value by State 2026
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|
Rank
|
State
|
Median Home Value
|
|---|---|---|
| 1 |
Hawaii
|
$814,500 |
| 2 |
California
|
$693,700 |
| 3 |
Washington
|
$528,300 |
| 4 |
Massachusetts
|
$510,400 |
| 5 |
Colorado
|
$493,100 |
| 6 |
Utah
|
$484,100 |
| 7 |
Oregon
|
$426,400 |
| 8 |
New Jersey
|
$400,900 |
| 9 |
Nevada
|
$381,600 |
| 10 |
New Hampshire
|
$377,600 |
| 11 |
Montana
|
$376,200 |
| 12 |
Maryland
|
$375,600 |
| 13 |
Rhode Island
|
$371,600 |
| 14 |
Virginia
|
$367,900 |
| 15 |
New York
|
$367,200 |
| 16 |
Idaho
|
$361,500 |
| 17 |
Florida
|
$348,000 |
| 18 |
Arizona
|
$327,400 |
| 19 |
Connecticut
|
$326,200 |
| 20 |
Alaska
|
$316,400 |
| 21 |
Delaware
|
$296,700 |
| 22 |
Vermont
|
$295,900 |
| 23 |
Texas
|
$294,400 |
| 24 |
Minnesota
|
$293,200 |
| 25 |
Wyoming
|
$281,300 |
| 26 |
Georgia
|
$277,000 |
| 27 |
Maine
|
$274,400 |
| 28 |
North Carolina
|
$273,600 |
| 29 |
Tennessee
|
$269,600 |
| 30 |
Illinois
|
$247,500 |
| 31 |
South Carolina
|
$245,200 |
| 32 |
South Dakota
|
$237,300 |
| 33 |
Wisconsin
|
$237,300 |
| 34 |
New Mexico
|
$233,200 |
| 35 |
Pennsylvania
|
$231,600 |
| 36 |
North Dakota
|
$220,600 |
| 37 |
Michigan
|
$211,700 |
| 38 |
Nebraska
|
$211,000 |
| 39 |
Missouri
|
$202,500 |
| 40 |
Indiana
|
$201,800 |
| 41 |
Ohio
|
$196,200 |
| 42 |
Kansas
|
$185,900 |
| 43 |
Alabama
|
$174,600 |
| 44 |
Louisiana
|
$173,400 |
| 45 |
Iowa
|
$173,300 |
| 46 |
Kentucky
|
$172,800 |
| 47 |
Oklahoma
|
$171,200 |
| 48 |
Arkansas
|
$154,200 |
| 49 |
Mississippi
|
$140,800 |
| 50 |
West Virginia
|
$124,800 |
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States with the Highest and Lowest Median Home Values
Highest
Lowest
Top 10 Highest — Median Home Value
Hawaii
California
Washington
Massachusetts
Colorado
Utah
Oregon
New Jersey
Nevada
New Hampshire
Top 10 Lowest — Median Home Value
West Virginia
Mississippi
Arkansas
Oklahoma
Kentucky
Iowa
Louisiana
Alabama
Kansas
Ohio
Why Hawaii Has the Highest Home Values
Hawaii's median home value of $814,500 reflects two constraints that reinforce each other: limited land and persistent demand. The islands are volcanic and mostly mountainous, leaving a small percentage of land usable for residential development. Oahu, home to Honolulu and nearly two-thirds of the state's population, has less than 600 square miles of total area.
Demand comes from multiple directions simultaneously: local workers who need to live near their jobs, mainland buyers seeking vacation properties, and retirees attracted by the climate. Zoning restrictions and environmental regulations limit new construction, so each category of demand competes for the same fixed supply. California ($693,700) follows Hawaii for similar supply-constraint reasons in coastal metro areas like Los Angeles and San Francisco.
Why West Virginia Has the Lowest Home Values
West Virginia's median home value of $124,800, less than one-sixth of Hawaii's, reflects sustained population decline. The state has lost residents in most census periods since the 1950s as coal and manufacturing employment contracted. Fewer buyers competing for housing means prices stay low. In some counties, home values have declined in nominal terms over decades.
Low incomes reinforce low home values. West Virginia's median household income of $52,480 is among the three lowest in the country. When local wages are low, buyers cannot afford higher prices, which caps what sellers can charge. The result is a self-reinforcing cycle: low wages, low demand, low prices.
The Pacific West and Mountain States Rose Sharply After 2020
Washington ($528,300) and Colorado ($493,100) both rank in the national top five despite not being Hawaii or California. Both states attracted large inflows of remote workers after 2020, particularly from California's Bay Area and Seattle's tech sector. Home prices in Seattle, Denver, and Boise rose faster between 2020 and 2023 than in almost any other major market in the country.
Colorado's median home value doubled from roughly $247,000 in 2015 to $493,100 by 2023. Idaho, just below the top 10, saw similar appreciation from a lower base. The Mountain West's combination of outdoor lifestyle access and remote-work compatibility drove demand from higher-cost coastal markets into states that were previously considered affordable.
High Home Values Do Not Always Mean an Unaffordable Market
California has the second-highest median home value at $693,700 but also one of the highest median household incomes at $84,097. West Virginia has the lowest home values, but its $52,480 income means even cheap homes require a high share of local earnings. Affordability depends on the income-to-price ratio, not the price alone.
Owner costs as a share of income capture this better. West Virginia homeowners spend about 14.6% of income on housing, lower than California's 21%, but only because values are so low relative to income. Colorado shows a different problem: rapidly rising values have pushed the ratio above 19% despite incomes well above the national average. See states by cost of living for a broader affordability comparison.
Quick Answers
Which state has the most expensive housing
Which state has the cheapest housing
How does median home value compare to median home price
Which states have the best home value relative to income
Methodology
How we researched this list
Figures are 2023 one-year estimates from the U.S. Census Bureau American Community Survey (ACS), Table B25077 (Median Value of Owner-Occupied Housing Units). Values reflect owner-occupied units only and are in nominal dollars.
Sources
Sources & references
-
1
U.S. Census Bureau — American Community Survey 2023
1-year ACS estimates, Table B25077
https://data.census.gov
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