Average House Prices By State in 2025: The Least and Most Affordable U.S. States

from Raleigh Realty, April, 2025

As homeownership becomes increasingly unattainable across the U.S., nowhere is the affordability gap more extreme than in Hawaii—where home prices soar 100.2% above the national average, costing buyers a jaw-dropping $421,056 more. 

That’s according to a new rankings report from Raleigh Realty, which analyzed the latest data from sources like the U.S. Census Bureau, Investopedia, Nasdaq, and Forbes to identify the most and least affordable states for housing in the U.S.

Some key takeaways:

• Hawaii ranks as the least affordable state, with a median home price of $840,256 and a relatively high cost of living.
• Hawaii’s staggering cost of living, pricey imported goods, and severe housing scarcity make it the most expensive place to live in the U.S.
• The least expensive states for housing in the U.S. are West Virginia, Mississippi, Louisiana, Kentucky and Arkansas.
• Hawaii’s average housing price has increased 1.6% over the past year.

View the full study here.

Despite being the least affordable state for homeownership, with median home prices far above the national average, Hawaii consistently ranks as the happiest state.