This is the average cost of a house in Georgia

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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, 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.

According to estimates from Zillow, a Seattle-based real estate data company, the value of a typical single-family home in Georgia is $ 256,962, lower than the national average.

Across Georgia, the value of a single-family home increased by 18.6% during the one-year period of August 2020 to August 2021, just relative to the national appreciation of the value of a one-year house of 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. Georgia is no exception. The typical household in the state earns $ 61,980 per year, $ 3,700 less than the national median household income of $ 65,712.

This is 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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