Here's how much a typical starter home costs in every state

Advertisement
Here's how much a typical starter home costs in every state

starter house

Artazum/Shutterstock

Starter home costs depend on where you're buying.

Advertisement

Millennials are waiting longer than ever to buy homes, partly because of rising housing costs.

Currently, the real estate market is a seller's market, according to Zillow. This causes home prices to shoot up, leaving minimal inventory at the middle and low end of the housing market, Spencer Rascoff, Zillow's CEO, previously told Business Insider's Alyson Shontell.

"As a result of limited starter-home inventory," he said, millennials "are renting longer." In the process, they're bypassing the need for a starter home.

But that doesn't mean starter homes are completely unavailable or out of reach - just how much do starter homes really cost in today's market? That depends on what state you're buying in.

Advertisement

We teamed up with Zillow to find the median value of a starter home in every state. Using its most recent data from March 2019, Zillow looked at homes valued in the lower one-third of all homes. They also ranked each state by population size using US Census data, called the "size of state rank."

The most expensive starter homes are in Washington DC, costing a median of $335,700, and the most affordable starter homes are in West Virginia, with a median value of $42,300.

See how much a starter home costs in your state. All median home values are courtesy of Zillow, and all median worker earnings are from the Census Bureau's American Community Survey.

{{}}

Alabama

Alabama

Median starter home value: $305,300

Size of state rank: 23

The median home value of all houses in Alabama is $130,900. The median worker in Alabama pulls in $41,382 in annual earnings.

Alaska

Alaska

Median starter home value: $199,300

Size of state rank: 47

The median home value of all houses in Alaska is $306,100. The median worker in Alaska pulls in $52,060 in annual earnings.

Advertisement

Arizona

Arizona

Median starter home value: $166,200

Size of state rank: 16

The median home value of all houses in Arizona is $252,700. The median worker in Arizona pulls in $52,060 in annual earnings.

Arkansas

Arkansas

Median starter home value: $56,800

Size of state rank: 32

The median home value of all houses in Arkansas is $126,700. The median worker in Arkansas pulls in $39,024 in annual earnings.

Advertisement

California

California

Median starter home value: $305,300

Size of state rank: 1

The median home value of all houses in California is $548,700. The median worker in California pulls in $50,560 in annual earnings.

Colorado

Colorado

Median starter home value: $247,600

Size of state rank: 22

The median home value of all houses in Colorado is $377,500. The median worker in Colorado pulls in $50,558 in annual earnings.

Advertisement

Connecticut

Connecticut

Median starter home value: $151,300

Size of state rank: 29

The median home value of all houses in Connecticut is $244,500. The median worker in Connecticut pulls in $58,613 in annual earnings.

Delaware

Delaware

Median starter home value: $146,400

Size of state rank: 45

The median home value of all houses in Delaware is $238,500. The median worker in Delaware pulls in $50,912 in annual earnings.

Advertisement

Florida

Florida

Median starter home value: $133,300

Size of state rank: 4

The median home value of all houses in Florida is $233,700. The median worker in Florida pulls in $40,416 in annual earnings.

Georgia

Georgia

Median starter home value: $100,100

Size of state rank: 9

The median home value of all houses in Georgia is $188,500. The median worker in Georgia pulls in $42,357 in annual earnings.

Advertisement

Hawaii

Hawaii

Median starter home value: $331,500

Size of state rank: 40

The median home value of all houses in Hawaii is $617,800. The median worker in Hawaii pulls in $46,978 in annual earnings.

Idaho

Idaho

Median starter home value: $171,800

Size of state rank: 39

The median home value of all houses in Idaho is $263,700. The median worker in Idaho pulls in $40,603 in annual earnings.

Advertisement

Illinois

Illinois

Median starter home value: $80,300

Size of state rank: 5

The median home value of all houses in Illinois is $181,100. The median worker in Illinois pulls in $50,560 in annual earnings.

Indiana

Indiana

Median starter home value: $75,400

Size of state rank: 15

The median home value of all houses in Indiana is $144,600. The median worker in Indiana pulls in $44,063 in annual earnings.

Advertisement

Iowa

Iowa

Median starter home value: $75,400

Size of state rank: 30

The median home value of all houses in Iowa is $142,900. The median worker in Iowa pulls in $45,434 in annual earnings.

Kansas

Kansas

Median starter home value: $61,200

Size of state rank: 33

The median home value of all houses in Kansas is $140,700. The median worker in Kansas pulls in $43,309 in annual earnings.

Advertisement

Kentucky

Kentucky

Median starter home value: $74,100

Size of state rank: 26

The median home value of all houses in Kentucky is $145,100. The median worker in Kentucky pulls in $41,313 in annual earnings.

Louisiana

Louisiana

Median starter home value: $64,300

Size of state rank: 25

The median home value of all houses in Louisiana is $145,100. The median worker in Louisiana pulls in $41,597 in annual earnings.

Advertisement

Maine

Maine

Median starter home value: $135,800

Size of state rank: 41

The median home value of all houses in Maine is $233,000. The median worker in Maine pulls in $44,508 in annual earnings.

Maryland

Maryland

Median starter home value: $155,300

Size of state rank: 19

The median home value of all houses in Maryland is $291,500. The median worker in Maryland pulls in $57,107 in annual earnings.

Advertisement

Massachusetts

Massachusetts

Median starter home value: $243,300

Size of state rank: 14

The median home value of all houses in Massachusetts is $409,600. The median worker in Massachusetts pulls in $60,923 in annual earnings.

Michigan

Michigan

Median starter home value: $58,000

Size of state rank: 8

The median home value of all houses in Michigan is $151,700. The median worker in Michigan pulls in $46,709 in annual earnings.

Advertisement

Minnesota

Minnesota

Median starter home value: $138,700

Size of state rank: 21

The median home value of all houses in Minnesota is $235,500. The median worker in Minnesota pulls in $51,221 in annual earnings.

Mississippi

Mississippi

Median starter home value: $70,700

Size of state rank: 31

The median home value of all houses in Mississippi is $128,700. The median worker in Mississippi pulls in $37,655 in annual earnings.

Advertisement

Missouri

Missouri

Median starter home value: $83,400

Size of state rank: 18

The median home value of all houses in Missouri is $161,800. The median worker in Missouri pulls in $42,131 in annual earnings.

Montana

Montana

Median starter home value: $149,000

Size of state rank: 44

The median home value of all houses in Montana is $238,600. The median worker in Montana pulls in $40,773 in annual earnings.

Advertisement

Nebraska

Nebraska

Median starter home value: $88,700

Size of state rank: 38

The median home value of all houses in Nebraska is $164,700. The median worker in Nebraska pulls in $44,803 in annual earnings.

Nevada

Nevada

Median starter home value: $200,500

Size of state rank: 35

The median home value of all houses in Nevada is $293,600. The median worker in Nevada pulls in $41,567 in annual earnings.

Advertisement

New Hampshire

New Hampshire

Median starter home value: $174,300

Size of state rank: 42

The median home value of all houses in New Hampshire is $277,200. The median worker in New Hampshire pulls in $52,088 in annual earnings.

New Jersey

New Jersey

Median starter home value: $174,200

Size of state rank: 11

The median home value of all houses in New Jersey is $327,500. The median worker in New Jersey pulls in $58,150 in annual earnings.

Advertisement

New Mexico

New Mexico

Median starter home value: $126,500

Size of state rank: 36

The median home value of all houses in New Mexico is $196,300. The median worker in New Mexico pulls in $40,160 in annual earnings.

New York

New York

Median starter home value: $120,800

Size of state rank: 3

The median home value of all houses in New York is $296,800. The median worker in New York pulls in $51,753 in annual earnings.

Advertisement

North Carolina

North Carolina

Median starter home value: $90,300

Size of state rank: 10

The median home value of all houses in North Carolina is $184,200. The median worker in North Carolina pulls in $41,974 in annual earnings.

North Dakota

North Dakota

Median starter home value: 48

Size of state rank: $113,100

The median home value of all houses in North Dakota is $206,200. The median worker in North Dakota pulls in $47,133 in annual earnings.

Advertisement

Ohio

Ohio

Median starter home value: $68,400

Size of state rank: 7

The median home value of all houses in Ohio is $139,600. The median worker in Ohio pulls in $45,723 in annual earnings.

Oklahoma

Oklahoma

Median starter home value: $50,700

Size of state rank: 28

The median home value of all houses in Oklahoma is $123,700. The median worker in Oklahoma pulls in $40,713 in annual earnings.

Advertisement

Oregon

Oregon

Median starter home value: $227,100

Size of state rank: 27

The median home value of all houses in Oregon is $346,000. The median worker in Oregon pulls in $46,814 in annual earnings.

Pennsylvania

Pennsylvania

Median starter home value: $79,600

Size of state rank: 6

The median home value of all houses in Pennsylvania is $173,900. The median worker in Pennsylvania pulls in $48,275 in annual earnings.

Advertisement

Rhode Island

Rhode Island

Median starter home value: $205,000

Size of state rank: 43

The median home value of all houses in Rhode Island is $282,600. The median worker in Rhode Island pulls in $51,286 in annual earnings.

South Carolina

South Carolina

Median starter home value: $72,500

Size of state rank: 24

The median home value of all houses in South Carolina is $165,800. The median worker in South Carolina pulls in $40,486 in annual earnings.

Advertisement

South Dakota

South Dakota

Median starter home value: $119,100

Size of state rank: 46

The median home value of all houses in South Dakota is $188,600. The median worker in South Dakota pulls in $41,125 in annual earnings.

Tennessee

Tennessee

Median starter home value: $73,100

Size of state rank: 17

The median home value of all houses in Tennessee is $167,000. The median worker in Tennessee pulls in $40,856 in annual earnings.

Advertisement

Texas

Texas

Median starter home value: $106,400

Size of state rank: 2

The median home value of all houses in Texas is $197,300. The median worker in Texas pulls in $44,803 in annual earnings.

Utah

Utah

Median starter home value: $243,200

Size of state rank: 34

The median home value of all houses in Utah is $340,600. The median worker in Utah pulls in $46,354 in annual earnings.

Advertisement

Vermont

Vermont

Median starter home value: $127,800

Size of state rank: 49

The median home value of all houses in Vermont is $202,300. The median worker in Vermont pulls in $45,574 in annual earnings.

Virginia

Virginia

Median starter home value: $133,900

Size of state rank: 12

The median home value of all houses in Virginia is $258,400. The median worker in Virginia pulls in $51,594 in annual earnings.

Advertisement

Washington

Washington

Median starter home value: $243,700

Size of state rank: 13

The median home value of all houses in Washington is $385,900. The median worker in Washington pulls in $54,477 in annual earnings.

Washington, DC

Washington, DC

Median starter home value: $335,700

Size of state rank: 50

The median home value of all houses in Washington, DC is $580,100. The median worker in Washington, DC pulls in $70,695 in annual earnings.

Advertisement

West Virginia

West Virginia

Median starter home value: $42,300

Size of state rank: 37

The median home value of all houses in West Virginia is $97,300. The median worker in West Virginia pulls in $40,985 in annual earnings.

Wisconsin

Wisconsin

Median starter home value: $106,200

Size of state rank: 20

The median home value of all houses in Wisconsin is $187,000. The median worker in Wisconsin pulls in $46,773 in annual earnings.

Advertisement

Wyoming

Wyoming

Median starter home value: $155,300

Size of state rank: 51

The median home value of all houses in Wyoming is $226,500. The median worker in Wyoming pulls in $46,767 in annual earnings.