The most expensive and affordable states to buy a house, ranked
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Buying a house has become more expensive than ever — home prices have increased significantly since the 1960s, when the median price of a home was less than $100,000 in today's dollars. Today, the median home listing price in the US is nearly $280,000, according to Zillow, but that varies by state. We ranked the most affordable and most expensive places to buy a house according to median listing price. In today's housing market, where you may have to save as long as ten years to afford a down payment, buying a house is a big deal.
The cost to buy a home has increased significantly since the 1960s, when the median price of a home was $11,900, or $96,681, when adjusted for inflation, according to a Student Loan Hero report. Today, the median home listing price in the US is $279,500, according to Zillow.
But that number can vary depending on where you buy a home. Using data from Zillow, we took a look at the median home listing price in every state, including Washington, DC.
Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home. Meanwhile, Southern and Midwestern states, such as Ohio, Mississippi, and Iowa, are the most affordable places to buy a house.
Below, see how much a typical house costs right now in every state, ranked from least to most expensive.
51. West Virginia
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Median listing price: $159,000
Median listing price per square foot: $94
50. Ohio
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Median listing price: $169,900
Median listing price per square foot: $106
49. Arkansas
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Median listing price: $174,900
Median listing price per square foot: $99
See the rest of the story at Business Insider
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