County Median Home Prices and Monthly Mortgage Payment

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 2023:

• San Mateo County, CA: $1,582,170
• Nantucket County, MA: $1,563,860
• Santa Clara County, CA: $1,512,500
• Marin County, CA: $1,473,510
• San Francisco County, CA: $1,464,880

Home prices and mortgage rates have a direct impact on the size of a mortgage payment. Although prices fell in many areas, mortgage rates continue to hurt affordability. In the first quarter of 2023, mortgage rates were nearly double those of a year ago, increasing by nearly 3 percentage points. For example, in San Joaquin County, CA, home prices are about 2 percentage points higher compared to a year ago, while the monthly mortgage payment is more than $840 higher compared to a year ago.

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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