Many of the most expensive markets are highly desirable, high-income, and lack a sizable production builder presence
Sept. 18, 2024
2 min read
Image: Steven / stock.adobe.com
Nantucket County, Mass., has the highest average home prices in the U.S.
While the average home value in the U.S. is $362,143, home prices vary widely across different parts of the country. The ResiClub blog examined housing markets across the country and identified the 20 counties with the highest typical home values. Nantucket County, Mass., tops the list at $2.73 million, followed by Pitkin County, Colo., and Teton County, Wyo., with typical home values of $2.39 million and $2.21 million, respectively. In general, many of the counties with the highest home values are located in the Western U.S. or in high-demand coastal areas.
In particular, in the Western half of the country, where many analysts believe the housing shortage is more acute, home prices have soared to levels well above the national average over the past decade. This significant increase in Western home prices over the past decade has coincided with the region’s tech boom, which greatly contributed to income and wealth growth in the West.
