Please note: The Tableau data visualization embeds on this page are best viewed on a laptop or desktop computer.
Please note: The Tableau data visualization embeds in this post are best viewed on a laptop or desktop computer.

Median Home Values

The interactive map above visually represents the median home prices for each county. Employing the House Price Index growth data from FHFA and integrating it with the latest housing statistics derived from the American Community Survey (2022 ACS estimates), we have computed median home values for 3,110 counties and county equivalents across the United States. It's important to note that these home values reflect the overall worth of all homes in a given area rather than focusing solely on home sales data.

Presented below are the counties that ranked highest in terms of median home values during the third quarter of 2023:

  • Santa Clara County, CA: $1,583,130
  • San Mateo County, CA: $1,573,470
  • Marin County, CA: $1,454,450
  • San Francisco County, CA: $1,332,660
  • Nantucket County, MA: $1,313,450

The interplay between home prices and mortgage rates significantly influences the magnitude of a mortgage payment. Throughout the year's third quarter, mortgage rates displayed a continuous upward trend, leading to unprecedented lows in housing affordability. Notably, in Santa Clara County, which is recognized for having the highest median home price in Q3 2023, the monthly mortgage payment has surged by nearly $1,900 compared to the previous year.

To assess the specific changes in your county, utilize the tool below. It enables you to gauge the variance in the monthly mortgage payment for a 30-year fixed-rate mortgage compared to the same period the previous year.

Data

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