That’s the average cost of a house in California

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An increase in demand for housing in the United States, in addition to a limited stock of housing, has created a seller’s market unlike anything seen in recent memory. Homes are now selling faster than ever before – and also for more money than ever.

As of August 2021, a typical single-family home in the United States costs $ 303,288. Of course, home values ​​are not uniform across the country, and in some states the typical home costs significantly more than the national average, while in others homes cost significantly less.



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According to estimates from Zillow, a Seattle-based real estate data company, the value of a typical single-family home in California is $ 708,936, higher than the national average.

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Across California, the value of a single-family home increased 21.9% during the one-year period from August 2020 to August 2021, compared to the national appreciation of a home’s value. year by 17.7%.

House prices are determined by the forces of supply and demand as well as what local residents are willing to pay – and this is largely influenced by what they can afford. As a result, areas with above average home values ​​often also have higher income residents. California is no exception. The typical household in the state earns $ 80,440 per year, $ 14,700 more than the national median household income of $ 65,712.

That’s how many houses you can buy for 200K in each state

Rank State Value of a typical single-family home 1 year increase in the value of the house Median household income
1 Hawaii $ 764,146 14.5% $ 83,102
2 California $ 708,936 21.9% $ 80,440
3 Massachusetts $ 533,440 18.5% $ 85,843
4 Washington $ 542,012 22.8% $ 78,687
5 Colorado $ 509,800 20.3% $ 77,127
6 Oregon $ 468,953 20.7% $ 67,058
7 Utah $ 493,221 28.5% $ 75,780
8 New Jersey $ 421,124 18.9% $ 85,751
9 new York $ 363,990 14.2% $ 72,108
ten Idaho $ 427,410 36.0% $ 60,999
11 Maryland $ 373,264 14.7% $ 86,738
12 Rhode Island $ 387,693 21.5% $ 71,169
13 Nevada $ 389,397 23.8% $ 63,276
14 New Hampshire $ 381,978 21.8% $ 77,933
15 Montana $ 374,980 22.7% $ 57,153
16 Arizona $ 376,369 30.7% $ 62,055
17 Virginia $ 335,198 12.7% $ 76,456
18 Alaska $ 304,908 4.1% $ 75,463
19 Connecticut $ 326,124 20.7% $ 78,833
20 Delaware $ 317,985 16.5% $ 70,176
21 Minnesota $ 307,644 13.4% $ 74,593
22 Vermont $ 308,300 12.9% $ 63,001
23 Maine $ 318,628 22.7% $ 58,924
24 Florida $ 313,217 20.1% $ 59,227
25 Wyoming $ 279,449 6.4% $ 65,003
26 North Dakota $ 252,788 6.4% $ 64,577
27 New Mexico $ 253,790 17.8% $ 51,945
28 North Carolina $ 260,597 19.0% $ 57,341
29 South Dakota $ 249,314 11.9% $ 59,533
30 Texas $ 257,628 18.1% $ 64,034
31 Georgia $ 256,962 18.6% $ 61,980
32 Illinois $ 239,408 13.3% $ 69,187
33 Pennsylvania $ 240,658 16.2% $ 63,463
34 Wisconsin $ 236,551 14.6% $ 64,168
35 Tennessee $ 241,626 17.4% $ 56,071
36 Caroline from the south $ 236,344 15.7% $ 56,227
37 Nebraska $ 210,585 12.5% $ 63,229
38 Michigan $ 214,231 17.4% $ 59,584
39 Missouri $ 198,838 14.8% $ 57,409
40 Louisiana $ 193,114 8.7% $ 51,073
41 Indiana $ 191,054 14.8% $ 57,603
42 Ohio $ 186,211 15.3% $ 58,642
43 Kansas $ 180,914 12.5% $ 62,087
44 Kentucky $ 172,433 11.6% $ 52,295
45 Iowa $ 168,545 7.7% $ 61,691
46 Alabama $ 175,586 13.7% $ 51,734
47 Arkansas $ 153,263 12.2% $ 48,952
48 Oklahoma $ 155,012 11.9% $ 54,449
49 Mississippi $ 144,074 9.8% $ 45,792
50 West Virginia $ 118,581 8.2% $ 48,850

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