How much does it cost to buy a house in the United States? Price hits all-time high

Buy a house in the United States now it is more expensive. A report of pointed out that the national median home price reached its all-time high by reaching $392,000 dollars in February 2022.

This is $7,000 more than the seasonal high of last July and represents an annual growth rate of 12.9%.

The median listing price per square foot increased 14.3% year-over-year in February, and the median listing price for a typical 2,000-square-foot single-family home increased 20.2% compared to last year.

After overcoming the most acute phase due to the covid-19 pandemic, home sales have resumed at a better pace. In February 2022, the national inventory of active listings decreased 24.5% from last year, while the total housing inventory Unsold, including pending listings, decreased 15.3%.

“Active listing inventory decreased 62.6% compared to 2020 prior to the start of the COVID-19 pandemic,” they add.

Average cost of a home in the 50 largest metropolitan areas

The price of a home It largely depends on your location. Relator unveiled the average cost of contribution in metropolitan areas largest of USA. Take note.

1. Atlanta-Sandy Springs-Roswell, Ga. $390,000.

2. Austin-Round Rock, Texas. $ 575,000.

3. Baltimore-Columbia-Towson, Maryland. $300,000

4. Birmingham-Hoover, Ala. $258,000.

5. Boston-Cambridge-Newton, Mass.-NH. $749,000.

6. Buffalo-Cheektowaga-Niagara Falls, New York. $212,000.

7. Charlotte-Concord-Gastonia, NC-SC. $399,000.

8. Chicago-Naperville-Elgin, Ill.-Ind.-Wisconsin. $327,000.

9. Cincinnati, Ohio-Ky.-Ind. $332,000.

10. Cleveland-Elyria, Ohio. $177,000.

11. Columbus, Ohio. $325,000.

12. Dallas-Fort Worth-Arlington, Texas. $409,000.

13. Denver-Aurora-Lakewood, Colo. $650,000.

14. Detroit-Warren-Dearborn, Michigan. $217,000.

15. Hartford-West Hartford-East Hartford, Conn.    $365,000.

16. Houston-The Woodlands-Sugar Land, Texas    $362,000.

17. Indianapolis-Carmel-Anderson, Indiana. $287,000.

18. Jacksonville, Florida. $393,000.

19. Kansas City, Mo.-Can. $388,000.

20. Las Vegas-Henderson-Paradise, Nevada. $474,000.

21. Los Angeles-Long Beach-Anaheim, California. $929,000.

22. Louisville/Jefferson County, Ky.-Ind. $280,000.

23. Memphis, Tenn.-Miss.-Ark. $226,000.

24. Miami-Fort Lauderdale-West Palm Beach, Florida. $ 525,000.

25. Milwaukee-Waukesha-West Allis, Wisconsin.    $277,000.

26. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin. $402,000.

27. Nashville-Davidson–Murfreesboro–Franklin, Tennessee. $472,000.

28. New Orleans-Metairie, La. $347,000.

29. New York-Newark-Jersey City, NY-NJ-Pa. $697,000.

30. Oklahoma City, Oklahoma. $334,000.

31. Orlando-Kissimmee-Sanford, Florida. $399,000.

32. Philadelphia-Camden-Wilmington, Pa.-NJ-Del.-Md. $300,000.

33. Phoenix-Mesa-Scottsdale, Arizona. $500,000.

34. Pittsburgh, Pennsylvania. $215,000.

35. Portland-Vancouver-Hillsboro, Oregon-Wash. $560,000.

36. Providence-Warwick, RI-Mass. $450,000.

37. Raleigh, North Carolina. $430,000.

38. Richmond, Virginia. $372,000.

39. Riverside-San Bernardino-Ontario, California    . $550,000.

40.Rochester, New York. $225,000.

41. Sacramento-Roseville-Arden-Arcade, California. $629,000.

42. San Antonio-New Braunfels, Texas. $347,000.

43. San Diego-Carlsbad, California. $850,000.

44. San Francisco-Oakland-Hayward, California. $995,000.

45. San Jose-Sunnyvale-Santa Clara, California. $1,358,000.

46. Seattle-Tacoma-Bellevue, Washington. $729,000.

47. St. Louis, Mo.-Ill. $266,000.

48. Tampa-St. Petersburg-Clearwater, Florida. $394,000.

49. Virginia Beach-Norfolk-Newport News, Virginia-NC. $325,000.

50. Washington-Arlington-Alexandria, DC-Virginia-Md.-W. Virginia. $527,000.

Where is it cheaper to live in the United States?

The United States is one of the countries with the best quality of life in the American continent and in the world. But the majority longs to live in the great metropolises of New York, Miami, Houston, Chicago and Los Angeles.

However, there is another face of the United States outside the cities. In the south and midwest of the country there are mostly rural states where the cost is reduced to more than half of what a person spends in California.

Of course, the lower cost of living is also related to fewer opportunities for professionalsfewer entertainment centers, higher concentration of poverty and more lagging services.

Mississippi is the state with cheapest cost of living in usa, but it also has a high poverty rate (11.8). Only about 20% of residents have a bachelor’s degree and the predominant activities are in the primary and secondary sectors.

The cost of services is up to 14% lower than the national average and the average price of a home is around $114,500, according to the report of 24/7 Wall Street. CNBC says the monthly energy cost is $143.

Mississippi eIt’s the state where the blues and Elvis Presley were born. Although you may not think of it as a place to live, you’ll be surprised that it has real gems like Gulf Islands National Seashore.

Kansas has one of lower housing costs and that puts it in the top two of the most affordable states. The 24/7 Wall Street report indicates that the median home is worth $145,400 and goods and services in the state cost 10% less than the national average.

The state has many rural areas and therefore few growth and tech industries. However, there are picturesque towns that are reminiscent of the old west.

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