Mapped: What a Home Is Worth in Every U.S. State in 2026

How Much Are Homes Worth Across the U.S. in 2026?

For most American families, a home is both their biggest purchase and their largest asset. But how much that home is worth depends heavily on where it sits.

Across the U.S., typical home values range from under $200,000 in the least expensive states to more than $750,000 in the priciest markets. Geography, housing supply, and demand all help explain the differences.

This graphic maps the typical home value in every U.S. state as of August 2026, using the Zillow Home Value Index, which estimates what a mid-priced home is worth.

Why Hawaii and California Have the Most Expensive Homes

Ten states and D.C. have typical home values above $500,000. Eight of those states are on a coast, led by Hawaii ($833,000) and California ($764,000).

Land is a major reason. In Hawaii and California, land makes up about 60% of a home’s value, compared with 40% nationally, according to FHFA estimates for 2022. Oceans, mountains, and zoning rules constrain the supply of buildable land, while strong demand pushes up the price of each lot.

Among other populous states, a typical home is worth $527,000 in New York, compared with $375,000 in Florida and $299,000 in Texas.

The table below ranks all 50 states and D.C. by typical home value:

Rank	State or District	Typical Home Value, USD (August 2026)
1	Hawaii	833,340
2	California	764,158
3	Massachusetts	661,896
4	Washington	591,879
5	New Jersey	580,353
6	District of Columbia	570,119
7	Utah	534,582
8	Colorado	532,748
9	New York	526,714
10	New Hampshire	516,306
11	Rhode Island	511,233
12	Oregon	496,113
13	Idaho	478,744
14	Montana	471,746
15	Connecticut	450,873
16	Nevada	442,027
17	Maryland	428,308
18	Arizona	417,990
19	Maine	415,552
20	Virginia	414,662
21	Delaware	406,074
22	Vermont	399,053
23	Alaska	398,663
24	Florida	375,470
25	Wyoming	371,854
26	Minnesota	350,752
27	Wisconsin	339,699
28	North Carolina	334,773
29	Tennessee	334,108
30	Georgia	330,817
31	South Dakota	321,574
32	New Mexico	318,241
33	South Carolina	306,323
34	Texas	299,367
35	Illinois	297,573
36	North Dakota	292,293
37	Pennsylvania	290,401
38	Nebraska	280,673
39	Missouri	267,879
40	Michigan	266,292
41	Indiana	260,095
42	Kansas	249,603
43	Ohio	248,803
44	Alabama	241,613
45	Iowa	239,547
46	Kentucky	232,577
47	Arkansas	227,264
48	Oklahoma	223,261
49	Louisiana	217,039
50	Mississippi	197,606
51	West Virginia	179,496
--	United States (Average)	368,697

Typical home value is Zillow’s estimate of a mid-priced home, based on homes between the 35th and 65th percentile of the market. Seasonally adjusted. Includes single-family homes, condos, and co-ops.

In nine of the 10 most expensive states, land accounts for more than 40% of a home’s value. Hawaii also builds slowly: obtaining a building permit takes more than three times as long as the national average, according to UHERO.

At the other end, West Virginia ($179,000) and Mississippi ($198,000) are among the least expensive states.

In the 10 least expensive states, land makes up less than a quarter of a home’s value, so prices are closer to what it costs to build the house itself. Those lower prices help explain why West Virginia has one of the highest shares of young homebuyers.

Home Values Are Falling Where America Built the Most

The most expensive housing markets aren’t necessarily seeing the fastest price growth.

Nationally, the typical home value rose 1.2% from August 2025 to August 2026, but values fell in D.C. and in 10 states. All those states are in the South and West, with the largest declines in Nevada (-1.8%), Texas (-1.6%), and Florida (-1.5%).

The table below ranks all 50 states and D.C. by the change in typical home value from August 2025 to August 2026, using Zillow data:

Rank	State or District	Annual Home Value Change, August 2026 (%)
1	Alaska	5.73
2	New York	5.56
3	Illinois	5.26
4	North Dakota	5.20
5	Wisconsin	5.09
6	Connecticut	5.04
7	Michigan	3.99
8	New Jersey	3.90
9	Kansas	3.84
10	Arkansas	3.60
11	Iowa	3.54
12	Missouri	3.49
13	Rhode Island	3.44
14	Ohio	3.35
15	Nebraska	3.12
16	West Virginia	3.06
17	Indiana	3.01
18	New Hampshire	2.92
19	Oklahoma	2.78
20	South Dakota	2.50
21	Minnesota	2.46
22	Pennsylvania	2.36
23	Massachusetts	2.31
24	Mississippi	2.29
25	Virginia	2.21
26	Louisiana	2.11
27	Montana	2.05
28	Idaho	2.00
29	Alabama	1.88
30	New Mexico	1.70
31	Maine	1.62
32	Utah	1.47
33	Wyoming	1.40
34	Delaware	1.26
35	Hawaii	1.11
36	Vermont	1.02
37	South Carolina	0.96
38	Tennessee	0.66
39	California	0.41
40	Maryland	0.02
41	North Carolina	-0.03
42	Oregon	-0.05
43	Washington	-0.34
44	Kentucky	-0.41
45	Georgia	-0.55
46	District of Columbia	-1.04
47	Arizona	-1.14
48	Colorado	-1.41
49	Florida	-1.46
50	Texas	-1.57
51	Nevada	-1.83
--	United States (Average)	1.17

Seasonally adjusted, nominal home values. Percent changes are calculated from unrounded values and rounded to two decimal places. The U.S. benchmark is Zillow’s national series.

New housing supply helps explain the split. Florida, Arizona, and Texas permitted 38 to 41 new homes per 1,000 residents from 2021 to 2025, compared with 23 nationally, according to Census Bureau data.

More housing supply gives buyers greater choice, and Florida’s typical home is now worth 7.2% less than at its May 2024 peak, part of a broader cooling in Sun Belt markets.

By contrast, values rose fastest in several states with limited construction. Alaska, Illinois, and Connecticut permitted fewer than nine new homes per 1,000 residents over the same period, among the lowest rates in the country. Typical home values rose 5% or more in all three.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Which States Issued the Most New Home Building Permits Per Capita? on Voronoi.