Tim Boyle/Getty Images
Buying a home varies in price from state to state.
We teamed up with Zillow to find out the median home value in each of the 50 states (plus Washington, DC).
We also included example listings from both Zillow and Trulia; these properties can help give a better idea of what a home will look like for the typical cost in the state it resides.
Overall, the United States‘ median home value dropped from nearly $280,000 to $243,225, despite rising costs in the housing market, especially in major cities.
Visit Business Insider’s homepage for more stories.
The typical cost of a home varies greatly from state to state.
We teamed up with Zillow to find the median home value of each of the 50 states in the US, in addition to Washington, DC. While there was some fluctuation from last year’s numbers, the highest and lowest state medians are the same: West Virginia remains the cheapest with a median home value of $108,236, while Hawaii holds its position as the most expensive, with a median home value of $636,451.
For some states, this median value is heavily impacted by the typical cost of a starter home. Additionally, many states include notoriously expensive metro areas that contribute to higher averages, including California’s many coastal cities and Washington’s unaffordable Seattle neighborhoods due to the tech boom.
Using data from Zillow, Business Insider sorted states from lowest to highest median home value. We also noted each state’s region size ranking, which represents how big it is population-wise; California is ranked No. 1 with the largest population of all states, while Wyoming is ranked No. 51 (the ranking includes Washington, DC). It’s important to remember that these are the average home prices in each state, but what you get for that amount of money varies greatly from city to city, and even neighborhood to neighborhood.
Keep reading for a complete look at the typical home value for listings across the United States.
51. West Virginia – $108,236
West Virginia ranks as the cheapest state to buy a house. Interested buyers can find a 3-bedroom, 1-bathroom home in Fayetteville for $79,900 or a .88 acre lot in Fayetteville for $65,000.
Region Size Rank: 37
50. Mississippi – $126,502
Interested buyers can purchase a home in Gulfport, Mississippi with 3 bedrooms and 2 bathrooms.
Region Size Rank: 31
49. Arkansas – $128,101
Arkansas’ median home value is close to $128,000, and for this price one can buy a home with 3 bedrooms and 2 bathrooms in Van Buren.
Region Size Rank: 32
Meet Julia Flesher Koch, the Iowa-born socialite who’s now one of the world’s richest women after inheriting a chunk of her late husband David Koch’s $53 billion fortuneI spent 3 days in the most expensive ski town in the US, where a lift ticket costs $184 a day — and I was surprised to find that not everything there catered to the 1%A billionaire has been trying to sell his $79 million Versailles-inspired mansion in NYC for almost 7 years. Take a look inside the home that’s selling at a 30% discount.
Read more: feedproxy.google.com