These are the most expensive housing markets in America, according to Zillow data
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The average home in the US costs $362,143.
But how much does that number vary across the country? To find out, we took a look at the Zillow Home Value Index, which shows the average value of local homes in the 35th to 65th percentile range. It is the same as the average value.
You can view the interactive map here.
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These 20 US states have the highest average home prices, according to Zillow data:
- Nantucket County, Massachusetts: $2,731,555
- Pitkin County, Colorado: $2,394,335
- Teton County, Wyoming: $2,209,317
- Santa Clara County, California: $1,597,328
- San Mateo County, California: $1,549,979
- Dukes County, Massachusetts: $1,518,343
- San Miguel County, Colorado: $1,498,272
- Marin County, California: $1,451,674
- Eagle County, Colorado: $1,329,145
- Summit County, Utah: $1,265,911
- San Francisco County: $1,259,022
- Santa Cruz County, California: $1,151,920
- New York County (Manhattan): $1,140,576
- Orange County, California: $1,139,100
- Alameda County, California: $1,120,141
- Routt County, Colorado: $1,098,121
- Maui County, Hawaii: $1,060,873
- Monroe County, Florida: $1,012,255
- Summit County, Colorado: $982,069
- Kauai County, Hawaii: $980,182
Many housing markets where home prices are highest are located in desirable coastal areas. These housing markets tend to have a lot of money, lack a major manufacturing builder, face significant zoning and building code constraints, and are hot spots for redevelopment. In the most expensive pockets of the country, the land is often more important than the property structure.
In particular, in the Western part of the country, where many analysts believe the housing shortage is worst, home prices have risen to levels above the national average over the past decade. This remarkable increase coincided with the technological development of the region, which had a significant impact on the income and wealth growth of the Western world.
Keep in mind that in states, there can be large variations in home values, especially between different school districts.
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