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Saturday, May 8, 2021

Stats Gate

Best And The Worst U.S. States To Buy A Home, 2020

Fargo North Dakota

Currently, home prices across the United States are rising at the fastest rate in years, according to an analysis that tracked how home values have changed between 2010 and 2018 in all 50 states and Washington D.C. How does your state stack up?

And, as it turns out, North Dakota is the best U.S. state to buy a home. There, the median home value of $185,000 is 66.22% more — or $73,700 — than the $111,300 median value in 2010.

At the same time, there are other states where homeowners who have stayed in their houses since 2010 could be sitting on an asset whose value has dropped. For example, at the bottom of the list is Rhode Island, where home values have been sliced by more than 10.56% — to $249,800 currently from $279,300 in 2010. New Jersey has experienced an 8.15% drop, to $327,900 from $357,000 in 2010.

To help prospective homebuyers identify some fantastic places to invest in, CEOWORLD magazine analyzed the change in home values in every U.S. state and the District of Columbia, according to median home value data from the U.S. Census Bureau for both 2010 and 2018.

Best U.S. States To Buy A Home, 2020

RankState2010 Median Home Value2018 Median Home ValuePercent Change in Home Value From 2010-2018
1North Dakota$111,300 $185,000 66.22%
2Colorado$236,600 $313,600 32.54%
3Texas$123,500 $161,700 30.93%
4South Dakota$122,200 $159,100 30.20%
5Washington D.C.$443,300 $568,400 28.22%
6Montana$173,300 $219,600 26.72%
7Oklahoma$104,300 $130,900 25.50%
8Wyoming$174,000 $213,300 22.59%
9West Virginia$94,500 $115,000 21.69%
10Louisiana$130,000 $157,800 21.38%
11Arkansas$102,300 $123,300 20.53%
12Iowa$119,200 $142,300 19.38%
13Nebraska$123,900 $147,800 19.29%
14Mississippi$96,500 $114,500 18.65%
15Kansas$122,600 $145,400 18.60%
16Tennessee$134,100 $158,600 18.27%
17Utah$218,100 $256,700 17.70%
18Alabama$117,600 $137,200 16.67%
19Kentucky$116,800 $135,300 15.84%
20Alaska$229,100 $265,200 15.76%
21South Carolina$134,100 $154,800 15.44%
22Oregon$252,600 $287,300 13.74%
23Idaho$172,700 $192,300 11.35%
24North Carolina$149,100 $165,900 11.27%
25Missouri$137,700 $151,600 10.09%
26Indiana$123,000 $135,400 10.08%
27Hawaii$537,400 $587,700 9.36%
28Pennsylvania$159,300 $174,100 9.29%
29Washington$285,400 $311,700 9.22%
30Vermont$208,400 $223,700 7.34%
31New Mexico$158,400 $166,800 5.30%
32Maine$176,200 $184,500 4.71%
33Massachusetts$352,300 $366,800 4.12%
34Virginia$255,100 $264,900 3.84%
35California$458,500 $475,900 3.79%
36Georgia$161,400 $166,800 3.35%
37Wisconsin$169,000 $173,600 2.72%
38Minnesota$206,200 $211,800 2.72%
39Ohio$136,400 $140,000 2.64%
40Michigan$144,200 $146,200 1.39%
41Delaware$242,300 $244,700 0.99%
42New Hampshire$253,200 $252,800 -0.16%
43New York$303,900 $302,200 -0.56%
44Arizona$215,000 $209,600 -2.51%
45Florida$205,600 $196,800 -4.28%
46Nevada$254,200 $242,400 -4.64%
47Maryland$329,400 $305,500 -7.26%
48Illinois$202,500 $187,200 -7.56%
49Connecticut$296,500 $272,700 -8.03%
50New Jersey$357,000 $327,900 -8.15%
51Rhode Island$279,300 $249,800 -10.56%

Houses weren’t always this expensive. In 1940, the median home value in the United States was just $2,938. In 1980, it was $47,200, and by 2000, it had risen to $119,600. Currently, the median home value in the U.S. is approximately $226,800. Below, check out a breakdown of the recent change in home value from 2010-2018 in every U.S. state and the District of Columbia.


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Emma London

Emma London

Associate Editor
Emma London is the Associate Editor at CEOWORLD magazine. She covers lists, rankings, economy, geopolitics, global banking, fintech, digitization of money, and the future of finance for CEOWORLD magazine. She’s also a member of the Board of Directors at the Global Business Policy Institute. Prior to that, Emma was the ultra-high net worth (UHNW) valuations subject matter expert at CEOWORLD magazine, mentoring research teams in valuations’ techniques, and was involved in product development for ultra high net worth (UHNW) and high net worth (HNW) dossier creation, currently heading research operations at the Global Business Policy Institute. She can be reached on email emma-london@ceoworld.biz. You can follow her on Twitter at @ceoworld.
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