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This Is The Median Home Price In Each US State Alex Soros Shocked That the Incumbent Political Order Is Being Crushed Around The Globe Beverly Hills Lawyer Disbarred Two Years After Admitting He Paid a Ringer to Take the Bar Lumumba: 'I am not guilty, and so I will not proceed as a guilty man.' Lauren Boebert Wins House Election After Switching to More Conservative Colorado District AIPAC Boasts of Influence Over Congress, Ousting 'Eleven Anti-Israel Candidates' Police Searching for 40 Escaped Monkeys After Mass Breakout from South Carolina Research Facility "You Don't Deserve Any Respect!": Steve Bannon Goes Scorched Earth On Democrats On Election Night Livestream Putin's ready to talk now that the mentally ill homosexuals have been brushed aside Trump, the Economy & World War III: Col. Douglas Macgregor Ex-Top Official Catherine Austin Fitts: Inside Trump’s Victory, RFK Jr., and the Deep State 10 Big Losers That Weren't On The Ballot Elon’s first day working for the Federal Government Senior Harris Advisor Deletes X Account As "Massive Scandal" Brews Over $20 Million In Campaign Debt Biden addresses the nation after Trump's election victory Top Foods & Lifestyle Habits To Make New Mitochondria For Longevity | Dr. William L Putin Shocks Israel Envoy In Kremlin With Pro-Palestine Speech | This Happened Next President Trump Should Revoke the Security Clearances of the 51 Dishonorable Former Intel Officials Who Lied Israeli soldiers are leaving Google reviews for Lebanese places they destroyed Israel bogged down in southern Lebanon: 50,000 soldiers have not been able to conquer a single village These are some of the most brutal jokes Gutfeld has ever told and Im loving every second! The Recession Of 2025 Will Be Backdated MORE MISSING MONEY, THIS TIME $41,000,000,000 AT THE WORLD BANK American Trump Supporter Gives Woke Brits An Absolute Mauling on UK TV. Elon Musk Just THREATENED George Soros & George COMPLETELY LOSES It! Radical Left Activates Anti-Trump Protests As AoC Riles Up Rioters Israel dropped over 85,000 tons of bombs inside Gaza since start of genocide Morning Joe: Dems Favorite Show, Blatant Pro-Israel Propaganda Biden Team Wants To Rush Weapons Shipments to Ukraine Before Trump Inauguration Israel Considers Attacking Iranian Nuclear Sites During US Transition

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Title: This Is The Median Home Price In Each US State
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... edian-home-price-each-us-state
Published: Nov 8, 2024
Author: Tyler Durden
Post Date: 2024-11-08 01:14:45 by Horse
Keywords: None
Views: 16
Comments: 1

In 2024, buying a home in the U.S. looks vastly different depending on where you are.

Factors like local demand, land availability, economic conditions, and housing regulations all contribute to the median home prices in each state.

This map, via Visual Capitalist's Kayla Zhu, visualizes the median home sale price for a single-family home in each U.S. state in 2024.

Hawaii has the highest median house price in the U.S. at around $852,000, over double the national average, primarily due to its limited land availability, strict housing regulations, and high demand for housing in a desirable climate.

A University of Hawaii report found that regulatory costs, including lengthy permitting processes and strict zoning laws, account for more than half (58%) of the median price of a new condominium in Hawaii.

Hawaii’s finite land area and high demand driven by tourism and military presence further inflate property values.

California comes in at second, with a median home price of $776,000. The coastal state is home to some of the most unaffordable metropolitan areas in the U.S., including Los Angeles and San Jose, where the home price-to-income ratio is over 10.

Predominantly rural states like West Virginia ($167K), Mississippi ($184K), and Arkansas ($191K) have significantly lower median home prices than urbanized states like California ($776K) or New York ($476K). (1 image)

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Horse  posted on  2024-11-08   1:18:44 ET  Reply   Trace   Private Reply  

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