The priciest places to buy a home in the US

In the Empire State, Battery Park, Greenwich Village and Soho are the most expensive spots

New York /
Sep.September 26, 2014 02:20 PM

As part of our ongoing search for demographic and economic outliers, we wanted to find the place in each state with the most expensive houses.

The Minnesota Population Center’s 2012 American Community Survey IPUMS is a collection of slightly modified (for statistical and privacy purposes) individual responses to the Census Bureau’s American Community Survey, an annual project to better understand the population of the US.

Using this data, Business Insider estimated the median house value for each of the Census Bureau’s Public Use Microdata Areas. These are a way of slicing up the country into areas that contain about 100,000 people. For densely populated cities, these correspond to neighborhoods, or groups of neighborhoods. For less densely populated areas, like in the Mountain West, they can be entire groups of counties.

Here’s the area with the highest median house value in every state:

Unsurprisingly, the coastal states include towns and neighborhoods that are extremely pricey. The two places with the highest house values in our list are the heart of Silicon Valley in California and Lower Manhattan in New York.

Meanwhile, houses are much less expensive in the middle of the country. The lowest values on our list were in Benton County, Arkansas and the easternmost part of West Virginia.

Here’s a table showing the places, ranked by median house value:


Related Articles

arrow_forward_ios
Auckland, New Zealand and Shenzhen, China (iStock)
Global luxury home sale prices nudged up in 2020
Global luxury home sale prices nudged up in 2020
From mid-March to the end of 2020, only 11,690 units citywide were affordable to essential workers (iStock)
Affordable, market-rate apartments surge 40%, but remain rare
Affordable, market-rate apartments surge 40%, but remain rare
(iStock)
South Florida hits record $5B in residential sales volume in December
South Florida hits record $5B in residential sales volume in December
The average price of a London home rose above 500,000 pounds, or roughly $685,000, for the first time. (Getty)
London home prices hit new high
London home prices hit new high
(iStock)
Home prices hit fastest growth in six years
Home prices hit fastest growth in six years
Residential sales surged in November (Getty)
South Florida home sales soar in November, led by luxury properties
South Florida home sales soar in November, led by luxury properties
(Getty)
These are the 10 priciest ZIP codes in the US
These are the 10 priciest ZIP codes in the US
Single-family saves the day. Q3 resi sales up in South Florida
Single-family saves the day. Q3 resi sales up in South Florida
Single-family saves the day. Q3 resi sales up in South Florida
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...