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 first quarter of 2022:

  • Nantucket County, MA: $1,469,920
  • San Mateo County, CA: $1,384,080
  • San Francisco County, CA: $1,297,030
  • Santa Clara County, CA: $1,296,980
  • Marin County, CA: $1,278,850

While home prices and mortgage rates directly impact the size of a mortgage payment, both of these indicators continue to move upwards. Mortgage rates rose about one percentage point since the first quarter of 2021. In the meantime, home prices increased more than 30 percentage points in some counties. As a result, the monthly payment is about $2,000 higher in Nantucket County and more than $1,000 higher in some counties such as San Mateo County, Santa Clara County in California, and Summit County in Utah. 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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