And the 5 most expensive places, too
Getting restless in your current state? Check your bank balance before you move. We compiled data on over 100 million homes to find the three priciest (and least pricey) states for buying a house.
Note that we used final sales prices—not list prices—and that all numbers are from February, 2014.
48. West Virginia – $95,000
While West Virginia’s Jefferson County includes several high-priced properties, Nicholas and Wood County are home to some of the most affordable houses in the nation, with median selling prices of $55,000 and $60,000, respectively. As a general rule, houses in West Virginia tend to get more expensive to the north and east (nearer to Washington DC) and less expensive to the south and west.
49. Ohio – $91,450
West Virginia’s northern neighbor, Ohio, earns the second-to-last spot on the list, with a median home selling price of just $91,450. The two counties most responsible for Ohio’s depressed market include Adams ($25,750), which lies just north of the Kentucky border, and Paulding ($33,675), which sits just south of #50 on this list.
50. Michigan – $82,000
Despite the auto industry’s resurgence, Michigan houses remain the cheapest in America, particularly near Flint and Detroit. During the 2007/2008 downturn, homes in Michigan’s largest county, Wayne, dropped from over $100,000 to under $15,000 in a matter of months. Recovery has been slow. Today, those same houses sell for a median price of only ~$25,000. (Note that Michigan home selling prices are particularly volatile from month to month—depending on sales, median values can jump up and down $50,000 every 30 days.)
1. Hawaii – $412,400
The country’s youngest state is also the most expensive, with a median home selling price of $412,400. The biggest offender is Honolulu County, which includes the state’s capital and many of the priciest oceanfront properties—most houses in Honolulu sell for over $450,000. Popular tourist destination Maui is Hawaii’s next most-expensive county, with the median house going for $426,000.
2. California – $355,000
California is home to some of the priciest individual counties in America, including San Francisco ($960,000), Marin ($760,000), and San Mateo ($762,000). Silicon Valley might house some of the most successful entrepreneurs in the world, but for the rest of us, it’s quickly becoming impossible to afford. Those determined to live in The Golden State at a reasonable price should prospect north and east of the Bay Area in countries like Modoc, Lassen, and Del Norte, each of which offer houses at prices well under $100,000.
3. New York – $314,000
An international business center and perennial tourist favorite, New York City and its surrounding counties make New York state a particularly pricey region. Manhattan ($830,000) features New York’s most expensive properties, while Westchester County ($550,000) and Brooklyn ($525,000) also clock in far higher than national averages. Even with more affordable houses along the outskirts of the state, the median home selling price remains $314,000, good enough for third in the nation.