The full explanation
It is useful for comparing places and for giving the calculator a realistic starting point; the price of the home you buy may differ.
An example
Her county's calculator starts with the typical home value. Ángela replaces it with the real price of the house she saw over the weekend and sees how her payment changes.
With real numbers
Computed with official data for the whole U.S. In your county the numbers may differ.
- Typical home value
- $332,700
- Typical gross rent per month
- $1,413
- Typical household income per year
- $80,734
In the U.S., the median home value is $332,700, the median gross rent is $1,413 a month and the median household income is $80,734 a year. In each case, half are above and half are below.
Computed with: American Community Survey (ACS) 5-year estimates (2020–2024)
In numbers: home value
Typical home value: the national figure and some of the 52 states, from highest to lowest, with the same source and the same date.
- Nationwide
- $332,700
| State | Figure | vs. US |
|---|---|---|
| Hawaii | $839,100 | +152% |
| Rhode Island | $404,200 | +21% |
| Maine | $296,600 | −11% |
| Michigan | $231,600 | −30% |
| Puerto Rico | $131,500 | −60% |
If a document mentions "home value", think of these figures: in Hawaii it is $839,100; in Puerto Rico, $131,500; nationwide, $332,700.
Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024)
Where you see it on the site
You will see it in…
- Your county and state pages, in the headline number
- Census (ACS) tables on home value
- Our mortgage calculator, as the starting price
