Complete Data for States with the Best & Worst Housing Market 2024

Compiled by The Close

STATE RANKING FINALStateSTATE RANKING FINALState
1New York27California
2Utah28District of Columbia (Washington DC)
3Virginia29South Carolina
4Massachusetts30Montana
5Wisconsin31Florida
6Hawaii32South Dakota
7Georgia33Rhode Island
8Tennessee34Nevada
9New Jersey35Kansas
10Nebraska36Delaware
11New Hampshire37North Carolina
12Colorado38Indiana
13Minnesota39Illinois
14Connecticut40Oklahoma
15Pennsylvania41Alaska
16Vermont42Louisiana
17Maryland43Arkansas
18Alabama44New Mexico
19Arizona45Ohio
20Wyoming46Iowa
21North Dakota47Oregon
22Idaho48Washington
23Michigan49Texas
24Mississippi50Missouri
25West Virginia51Kentucky

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Median Home Prices

StateMedian Home Price 1Ranking
New York$819,9001
Utah$440,20015
Virginia$304,40032
Massachusetts$614,7006
Wisconsin$297,10034
Hawaii$720,2003
Georgia$375,30024
Tennessee$529,6008
New Jersey$477,60010
Nebraska$290,50035
New Hampshire$452,70014
Colorado$580,9007
Minnesota$341,70030
Connecticut$393,70020
Pennsylvania$462,10012
Vermont$618,0005
Maryland$421,80018
Alabama$284,90036
Arizona$436,10016
Wyoming$276,00041
North Dakota$240,90050
Idaho$460,90013
Michigan$252,20048
Mississippi$271,20042
West Virginia$276,00040
Maine$373,70026
California$785,9002
District of Columbia (Washington DC)$668,2504
South Carolina$377,20023
Montana$466,31111
Florida$407,20019
South Dakota$357,80028
Rhode Island$374,20025
Nevada$428,10017
Kansas$276,30039
Delaware$327,30031
North Carolina$371,10027
Indiana$258,00044
Illinois$280,90037
Oklahoma$510,9009
Alaska$379,60022
Louisiana$257,40045
Arkansas$258,10043
New Mexico$349,20029
Ohio$253,20047
Iowa$230,60051
Oregon$278,70038
Washington$297,10033
Texas$385,30021
Missouri$255,40046
Kentucky$251,30049

Sources:

1 Median Housing Prices from Median Home Price by State 2024

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Appreciation Rates

StateAppreciation Rates 2Ranking
New York9.62%8
Utah2%47
Virginia7.32%19
Massachusetts9.12%13
Wisconsin9.28%10
Hawaii-3.44%51
Georgia7.16%20
Tennessee6.24%27
New Jersey11.38%5
Nebraska4.86%36
New Hampshire9.16%12
Colorado3.31%43
Minnesota4.09%39
Connecticut12.19%4
Pennsylvania6.88%22
Vermont13.26%2
Maryland5.86%29
Alabama4.42%38
Arizona6.63%25
Wyoming3.69%41
North Dakota4.88%35
Idaho0.54%49
Michigan9.65%7
Mississippi9.69%6
West Virginia12.39%3
Maine7.42%18
California4.91%34
District of Columbia (Washington DC)-1.16%50
South Carolina9.42%9
Montana3.75%40
Florida6.85%23
South Dakota6.79%24
Rhode Island15.11%1
Nevada3.39%42
Kansas8.82%14
Delaware4.73%37
North Carolina6.98%21
Indiana8.02%16
Illinois8.30%15
Oklahoma5.14%32
Alaska5.75%30
Louisiana2.12%46
Arkansas5.86%28
New Mexico5.05%33
Ohio9.23%11
Iowa5.58%31
Oregon1.62%48
Washington3.19%44
Texas2.73%45
Missouri7.99%17
Kentucky6.42%26

Sources:

2 Appreciation rates from Annual home price appreciation in the U.S. 2023, by state 

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Number of Foreclosure Filings

StateNumber of Foreclosure Filings 3Ranking
New York6,34947
Utah57618
Virginia1,74037
Massachusetts1,31433
Wisconsin98425
Hawaii25213
Georgia3,22242
Tennessee1,43635
New Jersey4,53945
Nebraska33615
New Hampshire24612
Colorado1,14631
Minnesota1,13930
Connecticut1,09729
Pennsylvania3,26943
Vermont432
Maryland2,80639
Alabama1,02526
Arizona1,71736
Wyoming1435
North Dakota473
Idaho21210
Michigan4,43644
Mississippi58419
West Virginia2129
Maine22711
California10,20851
District of Columbia (Washington DC)1798
South Carolina2,23438
Montana974
Florida8,23350
South Dakota251
Rhode Island1747
Nevada1,34134
Kansas31314
Delaware54817
North Carolina3,06441
Indiana2,94940
Illinois7,10048
Oklahoma1,21332
Alaska1526
Louisiana1,05227
Arkansas71722
New Mexico59520
Ohio5,31346
Iowa96624
Oregon65421
Washington75123
Texas7,22149
Missouri1,06328
Kentucky45316

Sources:

3 Number of foreclosure filings from Foreclosure Rates by State 2024 

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Number of Homes Available

StateNumber of Homes Available (May 2024) 4Ranking
New York32,9574
Utah9,22926
Virginia13,46518
Massachusetts7,54431
Wisconsin9,52525
Hawaii4,37637
Georgia32,3625
Tennessee21,9488
New Jersey13,19819
Nebraska3,86440
New Hampshire1,94046
Colorado18,44710
Minnesota10,59623
Connecticut3,81141
Pennsylvania18,37911
Vermont1,28950
Maryland8,34028
Alabama15,77614
Arizona24,5587
Wyoming1,86847
North Dakota1,83348
Idaho6,48134
Michigan16,12513
Mississippi7,31333
West Virginia2,92643
Maine2,94242
California48,5863
District of Columbia (Washington DC)3,90839
South Carolina19,3159
Montana4,18638
Florida137,5341
South Dakota2,16145
Rhode Island108251
Nevada7,53832
Kansas5,31435
Delaware2,22844
North Carolina26,1736
Indiana10,47624
Illinois16,16112
Oklahoma11,33221
Alaska1,39649
Louisiana14,33316
Arkansas9,14427
New Mexico4,41736
Ohio12,93620
Iowa7,85429
Oregon11,22922
Washington14,94215
Texas101,1182
Missouri13,78817
Kentucky7,70430

Sources:

4 Number of Homes Available from Active Listing Count: States | FRED | St. Louis Fed

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New Construction

StateNew Construction (Permits per state April 2024) 5Ranking
New York4,0769
Utah2,30916
Virginia2,38615
Massachusetts90333
Wisconsin213218
Hawaii26847
Georgia6,9355
Tennessee4,1278
New Jersey3,09610
Nebraska78436
New Hampshire38642
Colorado2,41014
Minnesota1,68322
Connecticut55738
Pennsylvania2,12719
Vermont28646
Maryland2,20117
Alabama1,77820
Arizona5,3576
Wyoming18649
North Dakota36143
Idaho1,54325
Michigan1,68521
Mississippi78435
West Virginia33544
Maine53939
California7,6964
District of Columbia (Washington DC)24148
South Carolina4,1897
Montana31945
Florida17,9012
South Dakota41741
Rhode Island8250
Nevada1,56824
Kansas90732
Delaware48240
North Carolina8,7713
Indiana2,41413
Illinois119630
Oklahoma150026
Alaska6451
Louisiana1,23927
Arkansas113731
New Mexico61237
Ohio2,52512
Iowa89434
Oregon122129
Washington2,99311
Texas21,8931
Missouri1,22828
Kentucky160223

Sources:

5 New construction from BPS – Permits by State 

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Median Household Income

StateMedian Household Income 6Ranking
New York$74,31415
Utah$79,44912
Virginia$80,96311
Massachusetts$89,6453
Wisconsin$67,12523
Hawaii$84,8577
Georgia$66,55926
Tennessee$59,69542
New Jersey$89,2964
Nebraska$66,81725
New Hampshire$88,4655
Colorado$82,25410
Minnesota$77,72014
Connecticut$83,7719
Pennsylvania$68,95722
Vermont$72,43117
Maryland$90,2031
Alabama$53,91347
Arizona$69,05621
Wyoming$65,20432
North Dakota$66,51927
Idaho$66,47428
Michigan$63,49835
Mississippi$48,71651
West Virginia$51,24850
Maine$64,76733
California$84,9076
District of Columbia (Washington DC)$90,0882
South Carolina$59,31843
Montana$63,24936
Florida$63,06237
South Dakota$66,14330
Rhode Island$74,00816
Nevada$66,27429
Kansas$64,12434
Delaware$71,09120
North Carolina$61,97240
Indiana$62,74338
Illinois$72,20518
Oklahoma$55,82644
Alaska$77,84513
Louisiana$52,08749
Arkansas$52,52848
New Mexico$53,99246
Ohio$62,26239
Iowa$65,60031
Oregon$71,56219
Washington$84,2478
Texas$66,96324
Missouri$61,84741
Kentucky$55,57345

Sources:

6 Median household income from Median Household Income by State 2024

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Cost of Living Index

StateCost of Living Index 7Ranking
Lower=Better
New York125.147
Utah101.529
Virginia103.132
Massachusetts148.449
Wisconsin9524
Hawaii17951
Georgia9112
Tennessee90.410
New Jersey114.140
Nebraska90.17
New Hampshire11542
Colorado105.534
Minnesota94.121
Connecticut113.139
Pennsylvania9927
Vermont114.941
Maryland119.545
Alabama88.85
Arizona107.236
Wyoming92.816
North Dakota94.623
Idaho106.135
Michigan92.715
Mississippi85.31
West Virginia90.39
Maine111.538
California134.548
District of Columbia (Washington DC)148.750
South Carolina96.526
Montana103.733
Florida102.330
South Dakota93.818
Rhode Island110.537
Nevada101.328
Kansas87.73
Delaware102.631
North Carolina96.125
Indiana91.513
Illinois90.811
Oklahoma862
Alaska124.446
Louisiana9214
Arkansas90.38
New Mexico94.222
Ohio9420
Iowa89.76
Oregon115.144
Washington115.143
Texas9317
Missouri88.44
Kentucky93.819

Sources:

7 Cost of living index from Cost of Living Index by State 2024 

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Property Tax Burden

StateProperty Tax Burden 8Ranking
New York1.72%43
Utah0.58%8
Virginia0.82%20
Massachusetts1.20%33
Wisconsin1.85%46
Hawaii0.28%1
Georgia0.90%25
Tennessee0.66%15
New Jersey2.49%51
Nebraska1.73%44
New Hampshire2.18%49
Colorado0.51%3
Minnesota1.11%32
Connecticut2.14%48
Pennsylvania1.53%39
Vermont1.90%47
Maryland1.07%31
Alabama0.41%2
Arizona0.62%12
Wyoming0.61%11
North Dakota1.00%30
Idaho0.63%14
Michigan1.48%38
Mississippi0.79%17
West Virginia0.59%10
Maine1.28%36
California0.74%16
District of Columbia (Washington DC)0.55%5
South Carolina0.56%6
Montana0.83%22
Florida0.86%24
South Dakota1.24%35
Rhode Island1.63%42
Nevada0.55%4
Kansas1.43%37
Delaware0.58%9
North Carolina0.80%18
Indiana0.83%21
Illinois2.27%50
Oklahoma0.90%26
Alaska1.22%34
Louisiana0.56%7
Arkansas0.62%13
New Mexico0.80%19
Ohio1.53%40
Iowa1.57%41
Oregon0.93%27
Washington0.94%28
Texas1.80%45
Missouri0.98%29
Kentucky0.85%23

Sources:

8 Property tax burden from Property Tax Rates By State

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Average Mortgage Rates (30 year-fixed)

StateAverage Mortgage Rates (30 year-fixed) - as of May 2024 9Ranking
New York6.29%1
Utah6.36%8
Virginia6.55%28
Massachusetts6.53%24
Wisconsin6.48%15
Hawaii6.47%14
Georgia6.55%26
Tennessee6.49%18
New Jersey6.55%27
Nebraska6.34%6
New Hampshire6.46%13
Colorado6.64%47
Minnesota6.41%11
Connecticut6.33%5
Pennsylvania6.56%29
Vermont6.38%10
Maryland6.60%39
Alabama6.48%16
Arizona6.63%45
Wyoming6.48%17
North Dakota6.31%4
Idaho6.57%32
Michigan6.42%12
Mississippi6.59%36
West Virginia6.56%30
Maine6.59%37
California6.71%51
District of Columbia (Washington DC)6.50%20
South Carolina6.60%38
Montana6.51%22
Florida6.61%41
South Dakota6.63%46
Rhode Island6.53%25
Nevada6.52%23
Kansas6.68%50
Delaware6.61%43
North Carolina6.58%34
Indiana6.57%31
Illinois6.57%33
Oklahoma6.58%35
Alaska6.34%7
Louisiana6.31%3
Arkansas6.38%9
New Mexico6.30%2
Ohio6.51%21
Iowa6.61%42
Oregon6.50%19
Washington6.65%48
Texas6.61%40
Missouri6.66%49
Kentucky6.62%44

Sources:

9 Average mortgage rates from Mortgage Rates by State: Get the Latest for Your Location 

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Unemployment Rates

StateUnemployment Rates (May 2024) 10Ranking
New York4.238
Utah2.911
Virginia2.76
Massachusetts318
Wisconsin2.912
Hawaii315
Georgia3.221
Tennessee317
New Jersey4.645
Nebraska2.54
New Hampshire2.55
Colorado3.833
Minnesota2.88
Connecticut4.342
Pennsylvania3.425
Vermont2.13
Maryland2.77
Alabama316
Arizona3.427
Wyoming2.913
North Dakota21
Idaho3.322
Michigan3.934
Mississippi2.89
West Virginia4.241
Maine319
California5.250
District of Columbia (Washington DC)5.351
South Carolina3.426
Montana3.120
Florida3.323
South Dakota22
Rhode Island4.343
Nevada5.149
Kansas2.914
Delaware3.935
North Carolina3.630
Indiana3.731
Illinois4.947
Oklahoma3.528
Alaska4.544
Louisiana4.137
Arkansas3.424
New Mexico3.832
Ohio4.240
Iowa2.810
Oregon4.239
Washington4.948
Texas436
Missouri3.529
Kentucky4.646

Sources:

10 Unemployment rates from Unemployment Rates for States 

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Crime Rates (per 100k)

StateCrime Rates (per 100k) 11Ranking
Lower=better
New York318510
Utah519039
Virginia31218
Massachusetts24152
Wisconsin329512
Hawaii507738
Georgia441526
Tennessee565843
New Jersey25125
Nebraska415223
New Hampshire23441
Colorado609148
Minnesota452729
Connecticut331213
Pennsylvania367817
Vermont26076
Maryland361916
Alabama472733
Arizona494037
Wyoming345514
North Dakota457730
Idaho24664
Michigan320011
Mississippi449428
West Virginia31559
Maine24213
California472032
District of Columbia (Washington DC)798651
South Carolina597347
Montana471131
Florida392220
South Dakota441527
Rhode Island27227
Nevada431424
Kansas482334
Delaware435525
North Carolina487235
Indiana392421
Illinois354515
Oklahoma587045
Alaska535940
Louisiana640849
Arkansas589946
New Mexico646250
Ohio400922
Iowa370018
Oregon561042
Washington575944
Texas493736
Missouri560541
Kentucky381819

Sources:

11 Crime rates from Crime Rate by State 2024 

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Community Well-Being Index Score (out of 100)

StateCommunity Well-being Index Score (out of 100) 12Ranking
Higher=better
New York695
Utah6510
Virginia6411
Massachusetts711
Wisconsin5825
Hawaii712
Georgia5632
Tennessee5342
New Jersey703
Nebraska6018
New Hampshire6116
Colorado659
Minnesota6215
Connecticut667
Pennsylvania6117
Vermont5922
Maryland704
Alabama5244
Arizona5827
Wyoming5728
North Dakota6020
Idaho5539
Michigan5538
Mississippi4650
West Virginia5047
Maine5729
California676
District of Columbia (Washington DC)704
South Carolina5540
Montana5633
Florida5924
South Dakota5730
Rhode Island6412
Nevada5921
Kansas5826
Delaware6019
North Carolina5637
Indiana5441
Illinois6313
Oklahoma5145
Alaska5923
Louisiana5343
Arkansas4949
New Mexico4948
Ohio5631
Iowa5636
Oregon6314
Washington658
Texas5635
Missouri5634
Kentucky5046

Sources:

12 Community well-being index score from Interactive Map – Sharecare 

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