Here's how much a typical starter home costs in every state

13/05/2019

Home prices are increasing, leaving fewer starter homes on thereal-estate market.
While somemillennials are bypassing starter homes altogether, others are still looking to buy one.
We teamed up withZillow to find out the typical cost of a starter home in every state.
Visit Business Insider’s homepage for more stories.

Millennials arewaiting longer than ever to buy homes, partly because of rising housing costs.

Currently, the real estate market is a seller’s market,according to Zillow. This causes home prices to shoot up, leaving minimal inventory at the middle and low end of the housing market, Spencer Rascoff, Zillow’s CEO,previously told Business Insider’s Alyson Shontell.

“As a result of limited starter-home inventory,” he said, millennials “are renting longer.” In the process, they’rebypassing the need for a starter home.

But that doesn’t mean starter homes are completely unavailable or out of reach — just how much do starter homes really cost in today’s market? That depends on what state you’re buying in.

We teamed up with Zillow to find the median value of a starter home in every state. Using its most recent data from March 2019, Zillow looked at homes valued in the lower one-third of all homes. They also ranked each state by population size using US Census data, called the “size of state rank.”

The most expensive starter homes are in Washington DC, costing a median of $335,700, and the most affordable starter homes are in West Virginia, with a median value of $42,300.

See how much a starter home costs in your state. All median home values are courtesy of Zillow, and all median worker earnings are from theCensus Bureau’s American Community Survey.

Alabama

Median starter home value: $305,300

Size of state rank: 23

Alaska

Median starter home value: $199,300

Size of state rank: 47

The median homevalue of all houses in Alaska is $306,100. The medianworker in Alaska pulls in $52,060 in annual earnings.

Arizona

Median starter home value: $166,200

Size of state rank: 16

The median homevalue of all houses in Arizona is $252,700. The medianworker in Arizona pulls in $52,060 in annual earnings.

Arkansas

Median starter home value: $56,800

Size of state rank: 32

The median homevalue of all houses in Arkansas is $126,700. The medianworker in Arkansas pulls in $39,024 in annual earnings.

California

Median starter home value: $305,300

Size of state rank: 1

Colorado

Median starter home value: $247,600

Size of state rank: 22

The median homevalue of all houses in Colorado is $377,500. The medianworker in Colorado pulls in $50,558 in annual earnings.

Connecticut

Median starter home value: $151,300

Size of state rank: 29

The median homevalue of all houses in Connecticut is $244,500. The medianworker in Connecticut pulls in $58,613 in annual earnings.

Delaware

Median starter home value: $146,400

Size of state rank: 45

The median homevalue of all houses in Delaware is $238,500. The medianworker in Delaware pulls in $50,912 in annual earnings.

Florida

Median starter home value: $133,300

Size of state rank: 4

The median homevalue of all houses in Florida is $233,700. The medianworker in Florida pulls in $40,416 in annual earnings.

Georgia

Median starter home value: $100,100

Size of state rank: 9

The median homevalue of all houses in Georgia is $188,500. The medianworker in Georgia pulls in $42,357 in annual earnings.

Hawaii

Median starter home value: $331,500

Size of state rank: 40

The median homevalue of all houses in Hawaii is $617,800. The medianworker in Hawaii pulls in $46,978 in annual earnings.

Idaho

Median starter home value: $171,800

Size of state rank: 39

The median homevalue of all houses in Idaho is $263,700. The medianworker in Idaho pulls in $40,603 in annual earnings.

Illinois

Median starter home value: $80,300

Size of state rank: 5

The median homevalue of all houses in Illinois is $181,100. The medianworker in Illinois pulls in $50,560 in annual earnings.

Indiana

Median starter home value: $75,400

Size of state rank: 15

The median homevalue of all houses in Indiana is $144,600. The medianworker in Indiana pulls in $44,063 in annual earnings.

Iowa

Median starter home value: $75,400

Size of state rank: 30

The median homevalue of all houses in Iowa is $142,900. The medianworker in Iowa pulls in $45,434 in annual earnings.

Kansas

Median starter home value: $61,200

Size of state rank: 33

The median homevalue of all houses in Kansas is $140,700. The medianworker in Kansas pulls in $43,309 in annual earnings.

Kentucky

Median starter home value: $74,100

Size of state rank: 26

The median homevalue of all houses in Kentucky is $145,100. The medianworker in Kentucky pulls in $41,313 in annual earnings.

Louisiana

Median starter home value: $64,300

Size of state rank: 25

The median homevalue of all houses in Louisiana is $145,100. The medianworker in Louisiana pulls in $41,597 in annual earnings.

Maine

Median starter home value: $135,800

Size of state rank: 41

The median homevalue of all houses in Maine is $233,000. The medianworker in Maine pulls in $44,508 in annual earnings.

Maryland

Median starter home value: $155,300

Size of state rank: 19

The median homevalue of all houses in Maryland is $291,500. The medianworker in Maryland pulls in $57,107 in annual earnings.

Massachusetts

Median starter home value: $243,300

Size of state rank: 14

The median homevalue of all houses in Massachusetts is $409,600. The medianworker in Massachusetts pulls in $60,923 in annual earnings.

Michigan

Median starter home value: $58,000

Size of state rank: 8

The median homevalue of all houses in Michigan is $151,700. The medianworker in Michigan pulls in $46,709 in annual earnings.

Minnesota

Median starter home value: $138,700

Size of state rank: 21

The median homevalue of all houses in Minnesota is $235,500. The medianworker in Minnesota pulls in $51,221 in annual earnings.

Mississippi

Median starter home value: $70,700

Size of state rank: 31

The median homevalue of all houses in Mississippi is $128,700. The medianworker in Mississippi pulls in $37,655 in annual earnings.

Missouri

Median starter home value: $83,400

Size of state rank: 18

The median homevalue of all houses in Missouri is $161,800. The medianworker in Missouri pulls in $42,131 in annual earnings.

Montana

Median starter home value: $149,000

Size of state rank: 44

The median homevalue of all houses in Montana is $238,600. The medianworker in Montana pulls in $40,773 in annual earnings.

Nebraska

Median starter home value: $88,700

Size of state rank: 38

The median homevalue of all houses in Nebraska is $164,700. The medianworker in Nebraska pulls in $44,803 in annual earnings.

Nevada

Median starter home value: $200,500

Size of state rank: 35

The median homevalue of all houses in Nevada is $293,600. The medianworker in Nevada pulls in $41,567 in annual earnings.

New Hampshire

Median starter home value: $174,300

Size of state rank: 42

The median homevalue of all houses in New Hampshire is $277,200. The medianworker in New Hampshire pulls in $52,088 in annual earnings.

New Jersey

Median starter home value: $174,200

Size of state rank: 11

The median homevalue of all houses in New Jersey is $327,500. The medianworker in New Jersey pulls in $58,150 in annual earnings.

New Mexico

Median starter home value: $126,500

Size of state rank: 36

The median homevalue of all houses in New Mexico is $196,300. The medianworker in New Mexico pulls in $40,160 in annual earnings.

New York

Median starter home value: $120,800

Size of state rank: 3

The median homevalue of all houses in New York is $296,800. The medianworker in New York pulls in $51,753 in annual earnings.

North Carolina

Median starter home value: $90,300

Size of state rank: 10

The median homevalue of all houses in North Carolina is $184,200. The medianworker in North Carolina pulls in $41,974 in annual earnings.

North Dakota

Median starter home value: 48

Size of state rank: $113,100

The median homevalue of all houses in North Dakota is $206,200. The medianworker in North Dakota pulls in $47,133 in annual earnings.

Ohio

Median starter home value: $68,400

Size of state rank: 7

The median homevalue of all houses in Ohio is $139,600. The medianworker in Ohio pulls in $45,723 in annual earnings.

Oklahoma

Median starter home value: $50,700

Size of state rank: 28

The median homevalue of all houses in Oklahoma is $123,700. The medianworker in Oklahoma pulls in $40,713 in annual earnings.

Oregon

Median starter home value: $227,100

Size of state rank: 27

The median homevalue of all houses in Oregon is $346,000. The medianworker in Oregon pulls in $46,814 in annual earnings.

Pennsylvania

Median starter home value: $79,600

Size of state rank: 6

The median homevalue of all houses in Pennsylvania is $173,900. The medianworker in Pennsylvania pulls in $48,275 in annual earnings.

Rhode Island

Median starter home value: $205,000

Size of state rank: 43

The median homevalue of all houses in Rhode Island is $282,600. The medianworker in Rhode Island pulls in $51,286 in annual earnings.

South Carolina

Median starter home value: $72,500

Size of state rank: 24

The median homevalue of all houses in South Carolina is $165,800. The medianworker in South Carolina pulls in $40,486 in annual earnings.

South Dakota

Median starter home value: $119,100

Size of state rank: 46

The median homevalue of all houses in South Dakota is $188,600. The medianworker in South Dakota pulls in $41,125 in annual earnings.

Tennessee

Median starter home value: $73,100

Size of state rank: 17

The median homevalue of all houses in Tennessee is $167,000. The medianworker in Tennessee pulls in $40,856 in annual earnings.

Texas

Median starter home value: $106,400

Size of state rank: 2

The median homevalue of all houses in Texas is $197,300. The medianworker in Texas pulls in $44,803 in annual earnings.

Utah

Median starter home value: $243,200

Size of state rank: 34

The median homevalue of all houses in Utah is $340,600. The medianworker in Utah pulls in $46,354 in annual earnings.

Vermont

Median starter home value: $127,800

Size of state rank: 49

The median homevalue of all houses in Vermont is $202,300. The medianworker in Vermont pulls in $45,574 in annual earnings.

Virginia

Median starter home value: $133,900

Size of state rank: 12

The median homevalue of all houses in Virginia is $258,400. The medianworker in Virginia pulls in $51,594 in annual earnings.

Washington

Median starter home value: $243,700

Size of state rank: 13

The median homevalue of all houses in Washington is $385,900. The medianworker in Washington pulls in $54,477 in annual earnings.

Washington, DC

Median starter home value: $335,700

Size of state rank: 50

The median homevalue of all houses in Washington, DC is $580,100. The medianworker in Washington, DC pulls in $70,695 in annual earnings.

West Virginia

Median starter home value: $42,300

Size of state rank: 37

The median homevalue of all houses in West Virginia is $97,300. The medianworker in West Virginia pulls in $40,985 in annual earnings.

Wisconsin

Median starter home value: $106,200

Size of state rank: 20

The median homevalue of all houses in Wisconsin is $187,000. The medianworker in Wisconsin pulls in $46,773 in annual earnings.

Wyoming