Median home values continue to climb; here's a state-by-state look
- In early 2025, median home prices in the U.S. Continued to rise, reaching about $349,225 nationwide with significant state-by-state variation.
- This increase follows ongoing housing undersupply and rising mortgage interest rates, which are pressuring prices upward and making affordability more difficult.
- Data from Experian and Zillow indicate that average mortgage amounts have risen by nearly a quarter since 2020, while median home values have increased even more dramatically—around 40%—resulting in greater equity for many homeowners.
- For example, median home prices in California and Hawaii were $788,920 and $841,274 respectively, with mortgage balances significantly below home values, allowing home equity accumulation.
- Despite growing equity, affordability challenges will likely persist in 2025 and beyond due to high mortgage rates requiring higher incomes to finance homes.
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44 Articles
Looking for a home under $300K? Try these 10 major US metros
(NEXSTAR) – Despite home prices continuing to outpace the budgets of many Americans, there are still major U.S. cities where the average price is under $300,000, according to a Redfin analysis. With mortgage rates persistently flirting with 7%, the dream of homeownership has slipped further away from potential buyers who have watched prices rocket higher over the past decade. A homebuyer now needs to earn at least $114,000 a year to afford a $43…
U.S. home equity dips but remains strong
ATTOM’s Q1 2025 report shows U.S. home equity remains high despite a dip, with 46.2% of properties still considered equity-rich. The post U.S. home equity dips but remains strong first appeared on Mecklenburg Times: News for Mecklenburg, Union and Iredell counties.
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