County Median Home Prices and Monthly Mortgage Payment
Median Home Values
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.
Nationwide, we estimated that the price of a typical home was $241,300 in the fourth quarter of 20191. Based on our estimates, 87% of counties had a lower median home value than the national level.
Here is the list of the counties with the highest median home values:
- San Mateo County, CA: $1,195,500
- San Francisco County, CA: $1,182,300
- Nantucket County, MA: $1,105,800
- Santa Clara County, CA: $1,089,700
- Marin County, CA: $1,059,200
Mortgage Monthly Payment
We also calculated the monthly payment by county based on the following mortgage rates: 3.0%, 3.5% and 4.0%.
1 The U.S. median home value matches the county price calculations. For comparison purposes, the calculated median home value reflects all homes while NAR’s U.S. median price represents home sales. Thus, the calculated price ($241,300) is expected to be lower than NAR’s home value ($272,300 in Q4 2019). Please see Methodology for more details.