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

TRD 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 Article


In London, WeWork already reaping rewards of planned Brexit: Global property

US home sales slide again in June as prices hit all-time high

The TRD weekly global digest

A study in London found that congestion pricing raised the home values in the zone by 3 percent (Credit: iStock)

Congestion pricing could boost home values

Strong spring real estate season shaping up — but who’s got the advantage?

LA homeowners’ $760B in real estate equity is tops in nation: report

Median-priced homes still unaffordable in nearly 75% of US counties: report

Cooling West Coast housing markets tilt field back toward buyers