County Median Home Prices and Monthly Mortgage Payment

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Median Home Values

The map above allows you to see the median home price for each county. Applying the House Price Index growth from FHFA to the latest housing data from the American Community Survey (ACS), we calculated a median home value for 3,119 counties and county-equivalents in the United States. Home values represent the value of all homes instead of home sales.

Here is the list of the counties with the highest median home values in the 4th quarter of 2021:

  • Nantucket County, MA: $1,370,520
  • New York County, NY: $1,306,210
  • Santa Clara County, CA: $1,253,400
  • San Mateo County, CA: $1,247,070
  • San Francisco County, CA: $1,230,800

While home prices and mortgage rates have a direct impact on the size of a mortgage payment, both of these two indicators are moving upwards. Mortgage rates rose more than 30 basis points compared to the last quarter of 2020. In the meantime, home prices increased more than 30 percentage points in some counties. As a result, the monthly payment is more than $700 higher in some counties such as Nantucket County, Summit County, Utah, and Santa Cruz County, California. This causes many would-be homebuyers to be priced out of the market.

The tool below shows you the monthly mortgage payment for a 30-year fixed rate mortgage as of now compared to a year earlier. Select a state and county to see how much the payment drops due to the low mortgage rates.

Data

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