Europe EditionMedian 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.
44 Articles
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…
Rising housing prices have been a constant for the past five years. This situation is seriously harming the housing prospects of younger segments of society. However, in a social structure where the family still retains central importance—as was also reflected in the Great Recession of the last decade—parents are increasing their support for their children in the purchase of a home, probably the most important purchase an individual must face to…
By 2025, most buyers will need six-figure wages to purchase a medium-priced home in the US.
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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