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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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Montana StandardMontana Standard
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Median home values continue to climb; here's a state-by-state look

Experian reveals that median home values have climbed by 65% in some states over the past five years, while average mortgage balances have increased as much as 39%.

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  • 94% of the sources are Center
94% Center
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The Billings Gazette broke the news in Billings, United States on Thursday, May 15, 2025.
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