Buying a house has become more expensive than ever: Home prices have increased significantly since the 1960s, when the median price of a home was less than $100,000 in today's dollars.Today, the median home listing price in the US is nearly $226,800, according to Zillow, but that varies by state.We ranked the most affordable and most expensive places to buy a house according to median listing price.Visit Business Insider's homepage for more stories.In today's housing market, where you may have to save for as long as twelve years to afford a down payment, buying a house is a big deal.
The most expensive and affordable states to buy a house, ranked
BakerJarvis/Shutterstock
Recommended articles
The cost of buying a home has increased significantly since the 1960s, when the median price of a home was $11,900, or $96,681, when adjusted for inflation, according to a Student Loan Hero report . Today, the median home listing price in the US is $226,800 according to Zillow .
But that number can vary depending on where you buy a home. Using data from Zillow , we took a look at the median home listing price in every state, including Washington, DC.
Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home.Meanwhile, Southern and Midwestern states, such as Ohio, Mississippi, and Iowa, are the most affordable places to buy a house.
Below, see how much a typical house costs right now in every state, ranked from least to most expensive.
See Also:
- The 25 US cities where rent is increasing the fastest, ranked
- The owner of Budweiser and Corona is planning the largest IPO of 2019. Meet the company's famously private CEO, who has only one hobby and doesn't like company perks
- The Martha's Vineyard estate that Jackie Kennedy bought for $1 million in 1979 just hit the market for $65 million here's a look inside the property
SEE ALSO: Here's how much it costs to rent a one-bedroom apartment in 15 major US cities
DON'T MISS: The salary you need to afford rent in every state, ranked