What do you think the most expensive state to live in is?
The housing market has undergone significant swings since the pandemic began in 2020. Even though there was a temporary pause in early 2020, the market rebounded hotter than ever in 2021. As we rolled into 2022, the housing rush simmered down a bit, but not too much.
The median home price as of January 2022 was $350,300, compared to $356,700 in August 2021, says the National Association of Realtors. And now, according to Zillow, the average price of a home is $331,533, with a predicted median of $390,546 by the end of the year.
To figure out the value of homes across the country for this year, specialists analyzed average home values from February of last year using Zillow’s forecast tool to predict the decrease or increase in home values by state to assess where they will stand as of this year.
They ranked each state according to its median home value, beginning with the lowest.
It’s important to note that researchers used the median home value instead of the median home price by state because value accounts for more factors, like comparable home sales and inspections.
Median home value estimates what the property is worth, while the median list price is based on demand and listing agent. So we’ve decided to take an in-depth look at what they came up with. Here are some of the most expensive states to buy a home in this year!
“But its population of more than 20 million people in 2020 makes it the 4th most populous metropolis in the US. Two-thirds of the state’s population resides in the New York metropolitan area. This city is also the premier gateway for immigration into the US.”
Many believe NYC is NYS. With 2/3 of the population of the state in that small area, consider how nice the rest of the state is with its beauty, natural resources, fresh air etc. Why anyone would prefer an urban jungle is beyond me. I do live in NYS but not in NYC.
When was the Washington Monument moved across the country? How is Montana the most densely populated state? Why do I bother reading such stupid lists?
Hawaii Tennessee Some part of florida
How can California not be on this list?
Very move