The United States has a diverse housing market with varying prices depending on the state and region. For homebuyers, it’s important to be aware of the most expensive states to buy a house. In this article, we will explore the top 10 most expensive states for home values, according to the Zillow Home Value Index in 2023.
Top 10 Most Expensive States to Buy a House in the US
The United States has a diverse and dynamic housing market, with varying prices depending on the state and region. The top 10 most expensive states for home values, according to the Zillow Home Value Index, include Hawaii, California, the District of Columbia, Washington, Massachusetts, Colorado, Utah, Oregon, New Jersey, and Idaho.
These states offer a range of attractions for homebuyers, from natural beauty and outdoor recreation opportunities to strong job markets and quality of life. However, they also come with higher price tags, making it important for homebuyers to carefully consider their options and budget before making a purchase.
1. Hawaii
Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582. The high cost of living and limited space on the islands are contributing factors to the high home values.
2. California
California is home to some of the most desirable cities in the United States, such as Los Angeles, San Francisco, and San Diego. With a Zillow Home Value Index of $728,133, it is the second most expensive state to buy a house. The state’s booming tech industry, warm climate, and stunning coastline are major attractions for homebuyers.
3. District of Columbia
The District of Columbia, also known as Washington D.C., is the capital of the United States and a hub for political activity. With a Zillow Home Value Index of $627,158, it is the third most expensive state to buy a house. The city’s diverse neighborhoods, historical landmarks, and thriving job market contribute to the high home values.
4. Washington
Washington state is home to major tech companies such as Amazon and Microsoft, as well as stunning natural scenery. With a Zillow Home Value Index of $562,936, it is the fourth most expensive state to buy a house. The state’s strong job market, quality of life, and outdoor recreation opportunities are major draws for homebuyers.
5. Massachusetts
Massachusetts is a state rich in history, culture, and education. With a Zillow Home Value Index of $558,312, it is the fifth most expensive state to buy a house. The state’s high quality of life, world-renowned universities, and strong job market contribute to the high home values.
6. Colorado
Colorado is known for its stunning Rocky Mountains, outdoor recreation opportunities, and booming tech industry. With a Zillow Home Value Index of $539,639, it is the sixth most expensive state to buy a house. The state’s strong economy, natural beauty, and quality of life are major attractions for homebuyers.
7. Utah
Utah is a state with stunning national parks, a strong job market, and a growing tech industry. With a Zillow Home Value Index of $506,072, it is the seventh most expensive state to buy a house. The state’s natural beauty, quality of life, and outdoor recreation opportunities are major draws for homebuyers.
8. Oregon
Oregon is known for its stunning coastline, outdoor recreation opportunities, and quality of life. With a Zillow Home Value Index of $485,474, it is the eighth most expensive state to buy a house. The state’s strong economy, natural beauty, and welcoming communities are major attractions for homebuyers.
9. New Jersey
New Jersey is a state with a rich history, diverse population, and strong economy. With a Zillow Home Value Index of $451,558, it is the ninth most expensive state to buy a house. The state’s proximity to major cities such as New York City and Philadelphia, as well as its strong job market and quality of life, contribute to the high home values.
10. Idaho
Idaho is a state with stunning natural beauty, outdoor recreation opportunities, and a growing tech industry. With a Zillow Home Value Index of $435,373, it is the tenth most expensive state to buy a house. The state’s strong economy, low cost of living compared to other states on this list, and quality of life are major draws for homebuyers.
Top 10 Most Expensive Counties to Buy a House in the US
In addition to the most expensive states for home values, the United States also has counties that boast some of the highest home prices in the country. In this article, we will explore the top 10 most expensive counties to buy a house in the US, according to the Zillow Home Value Index.
1. Nantucket County, Massachusetts
Nantucket County, located in Massachusetts, has a Zillow Home Value Index of $2,545,939, making it the most expensive county to buy a house in the United States. This scenic island off the coast of Cape Cod is a popular vacation spot known for its historic architecture, beaches, and charming small-town vibe.
2. Pitkin County, Colorado
Pitkin County, located in Colorado, is home to the world-famous ski resort town of Aspen. With a Zillow Home Value Index of $2,003,223, it is the second most expensive county to buy a house in the United States. The county’s natural beauty, world-class skiing, and luxury amenities attract affluent homebuyers from around the world.
3. Teton County, Wyoming
Teton County, located in Wyoming, is home to the stunning Grand Teton National Park and the upscale ski resort town of Jackson Hole. With a Zillow Home Value Index of $1,644,961, it is the third most expensive county to buy a house in the United States. The county’s natural beauty, outdoor recreation opportunities, and low tax rates are major attractions for wealthy homebuyers.
4. San Mateo County, California
San Mateo County, located in California, is part of the San Francisco Bay Area and is home to major tech companies such as Facebook and Oracle. With a Zillow Home Value Index of $1,497,976, it is the fourth most expensive county to buy a house in the United States. The county’s strong job market, mild climate, and proximity to San Francisco make it a desirable location for affluent homebuyers.
5. Santa Clara County, California
Santa Clara County, also located in California’s Bay Area, is home to Silicon Valley and major tech companies such as Apple and Google. With a Zillow Home Value Index of $1,462,347, it is the fifth most expensive county to buy a house in the United States. The county’s thriving tech industry, diverse population, and excellent schools attract affluent homebuyers from around the world.
6. Marin County, California
Marin County, located just across the Golden Gate Bridge from San Francisco, is known for its natural beauty, charming small towns, and affluent residents. With a Zillow Home Value Index of $1,416,752, it is the sixth most expensive county to buy a house in the United States. The county’s proximity to San Francisco, mild climate, and outdoor recreation opportunities make it a desirable location for wealthy homebuyers.
7. Dukes County, Massachusetts
Dukes County, located in Massachusetts, is comprised of the island towns of Martha’s Vineyard and Gosnold. With a Zillow Home Value Index of $1,378,540, it is the seventh most expensive county to buy a house in the United States. The county’s scenic beauty, historic charm, and relaxed way of life are major attractions for affluent homebuyers.
8. San Miguel County, Colorado
San Miguel County, located in Colorado, is home to the picturesque mountain towns of Telluride and Mountain Village. With a Zillow Home Value Index of $1,356,052, it is the eighth most expensive county to buy a house in the United States. The county’s world-class skiing, stunning mountain scenery, and outdoor recreation opportunities make it a popular destination for wealthy homebuyers.
9. San Francisco County, California
San Francisco County, located in northern California, is known for its vibrant cultural scene, diverse neighborhoods, and iconic landmarks such as the Golden Gate Bridge. With a Zillow Home Value Index of $1,277,114, it is the ninth most expensive county to buy a house in the United States. The county’s strong job market, thriving tech industry, and urban amenities make it a desirable location for affluent homebuyers.
10. New York County, New York
New York County, commonly known as Manhattan, is the most densely populated borough of New York City and is known for its iconic skyscrapers, world-class museums, and diverse neighborhoods. With a Zillow Home Value Index of $1,146,577, it is the tenth most expensive county to buy a house in the United States. The county’s status as a global hub for finance, culture, and entertainment makes it a highly desirable location for wealthy homebuyers.
Source:
https://www.zillow.com/research/data/
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