Home prices continue to rise in the US according to data from a Federal Reserve Bank and Zillow indicator.
According to the Federal Reserve Bank of St. Louis, the median home sale price in the United States as of June 30, 2023 is $416,100. That is down 3% from the first quarter of 2023 when the median home sale price was $429,000.
The most expensive state to buy a house is Hawaii, with a median home value of $966,572 according to the Zillow Home Value Index. West Virginia wins the prize for the least expensive home at $155,687.
Historically, home values have gone from $123,900 in 1990, to $165,300 in 2020, to $222,500 in 2010, to $329,000 in 2020 and now over $400,000 for the first time.
From 1980 to the second quarter of 2023, the median home sales price rose 553%.
The Zillow Home Value Index represents the typical home value in a given area rather than the median price. In the United States as a collective, the ZHVI at the end of June was $349,329.
Here is a list from the ZHVI from most expensive typical homes to least by state.
| ZHVI Index Highest to Lowest | ||
| State | Value | |
| Hawaii | $966,572 | |
| California | $762,981 | |
| District of Columbia | $728,227 | |
| Massachusetts | $608,542 | |
| Washington | $593,406 | |
| Colorado | $555,300 | |
| Utah | $522,488 | |
| Oregon | $506,627 | |
| New Jersey | $500,717 | |
| New Hampshire | $467,775 | |
| Montana | $447,845 | |
| Idaho | $443,638 | |
| Rhode Island | $442,945 | |
| Nevada | $431,413 | |
| Arizona | $429,910 | |
| New York | $421,274 | |
| Maryland | $416,643 | |
| Florida | $406,896 | |
| Connecticut | $401,285 | |
| Vermont | $383,882 | |
| Maine | $380,374 | |
| Virginia | $376,931 | |
| Delaware | $367,443 | |
| Alaska | $364,964 | |
| Wyoming | $337,102 | |
| Minnesota | $336,279 | |
| North Carolina | $321,447 | |
| Georgia | $320,437 | |
| Tennessee | $310,782 | |
| Texas | $305,497 | |
| South Dakota | $296,811 | |
| New Mexico | $293,766 | |
| South Carolina | $289,791 | |
| Wisconsin | $288,596 | |
| Pennsylvania | $256,842 | |
| North Dakota | $255,551 | |
| Nebraska | $255,447 | |
| Illinois | $254,128 | |
| Missouri | $239,743 | |
| Michigan | $233,019 | |
| Indiana | $232,390 | |
| Ohio | $220,542 | |
| Alabama | $220,419 | |
| Kansas | $216,131 | |
| Iowa | $215,458 | |
| Kentucky | $201,033 | |
| Louisiana | $200,947 | |
| Oklahoma | $200,203 | |
| Arkansas | $199,284 | |
| Mississippi | $171,998 | |
| West Virginia | $155,687 |