5 States with the Highest Housing Costs in the US

In this article, we will take a look at the 5 states with the highest housing costs in the US. If you wish to see our detailed analysis, you can go to 15 States with the Highest Housing Costs in the US.

5. Colorado

Typical Home Value: $539,477

Median Monthly Housing Cost: $1,733

The typical home value in Colorado is as high as $539,477, as recorded in December 2023. The state tends to be expensive in terms of median monthly housing costs. Therefore, Colorado ranks as one of the states with the highest overall housing costs in the US.

4. Washington

Typical Home Value: $574,351

Median Monthly Housing Cost: $1,762

Housing costs are high in Washington as well. On average, those residing in the state spend $1,762 on median monthly housing costs. The typical home value of $574,351 in Washington is also high.

3. Massachusetts

Typical Home Value: $592,810

Median Monthly Housing Cost: $1,908

Massachusetts ranks as another US state where housing costs are high. This is evident from its typical home value of $592,810 and its median monthly housing expense of $1,908, as recorded in 2023.

2. California

Typical Home Value: $764,813

Median Monthly Housing Cost: $2,056

As of December 2023, California records a high typical home value of $764,813. The average monthly housing expenditure in California is one of the highest in the country.

1. Hawaii

Typical Home Value: $838,874

Median Monthly Housing Cost: $2,005

Hawaii ranks at the top of the 15 states with the highest housing costs in the US. The state boasts a median monthly housing cost of $2,005 which is high. The typical home value is also expensive to afford for homebuyers.

You can also take a look at 12 Highest Quality Down Comforter Brands in the US and 18 High Growth Low PE Stocks.