Home values by state in mid-2026 range from $829,420 in Hawaii to $178,530 in West Virginia, a gap of more than four to one, according to the Zillow Home Value Index data tracked by DataPorium as of June 30, 2026 [1]. The typical U.S. home was worth $372,057 in June, up 1.1% from a year earlier [2]. Under that flat national number, 38 states posted annual gains and 12 states posted declines, and the spread between the strongest and weakest state was more than eight percentage points [1].
Which states have the highest home values in 2026?
The top of the ranking is familiar: coastal and mountain states with tight land supply and slow permitting. Hawaii leads at $829,420, followed by California at $762,587 and Massachusetts at $659,317 [1]. The ten most expensive states as of June 30, 2026 were:
- Hawaii: $829,420 (-0.1% year over year)
- California: $762,587 (-0.4% year over year)
- Massachusetts: $659,317 (+1.8% year over year)
- Washington: $592,543 (-0.6% year over year)
- New Jersey: $576,162 (+3.3% year over year)
- Utah: $533,573 (+1.4% year over year)
- Colorado: $532,086 (-2.0% year over year)
- New York: $521,215 (+5.2% year over year)
- New Hampshire: $513,155 (+2.7% year over year)
- Rhode Island: $507,265 (+3.0% year over year)
At the other end, West Virginia ($178,530), Mississippi ($197,891), Louisiana ($216,894), Oklahoma ($222,536) and Arkansas ($226,618) remain the least expensive states [1]. The median state value, the 25th entry in the list, is $350,215, roughly in line with the national index.
Home values by state: the full June 2026 ranking
The table below lists all 50 states by the Zillow Home Value Index (all homes, smoothed and seasonally adjusted) for June 2026, with the June 2025 value and the one-year change. Readers can explore the same series by metro, city and ZIP code on DataPorium's housing market insights page, which updates each month [1].
| Rank | State | June 2026 | June 2025 | 1-year change |
|---|---|---|---|---|
| 1 | Hawaii | $829,420 | $830,122 | -0.1% |
| 2 | California | $762,587 | $765,843 | -0.4% |
| 3 | Massachusetts | $659,317 | $647,533 | +1.8% |
| 4 | Washington | $592,543 | $595,859 | -0.6% |
| 5 | New Jersey | $576,162 | $557,518 | +3.3% |
| 6 | Utah | $533,573 | $526,058 | +1.4% |
| 7 | Colorado | $532,086 | $543,191 | -2.0% |
| 8 | New York | $521,215 | $495,371 | +5.2% |
| 9 | New Hampshire | $513,155 | $499,621 | +2.7% |
| 10 | Rhode Island | $507,265 | $492,289 | +3.0% |
| 11 | Oregon | $495,279 | $497,883 | -0.5% |
| 12 | Idaho | $475,958 | $470,202 | +1.2% |
| 13 | Montana | $470,714 | $463,572 | +1.5% |
| 14 | Connecticut | $446,812 | $425,826 | +4.9% |
| 15 | Nevada | $443,749 | $453,488 | -2.1% |
| 16 | Maryland | $428,529 | $428,265 | +0.1% |
| 17 | Arizona | $419,201 | $425,825 | -1.6% |
| 18 | Maine | $415,539 | $411,271 | +1.0% |
| 19 | Virginia | $413,129 | $404,988 | +2.0% |
| 20 | Delaware | $404,556 | $398,876 | +1.4% |
| 21 | Vermont | $401,119 | $395,981 | +1.3% |
| 22 | Alaska | $395,939 | $374,620 | +5.7% |
| 23 | Florida | $375,488 | $386,329 | -2.8% |
| 24 | Wyoming | $370,213 | $364,672 | +1.5% |
| 25 | Minnesota | $350,215 | $340,700 | +2.8% |
| 26 | Wisconsin | $337,986 | $322,204 | +4.9% |
| 27 | North Carolina | $335,734 | $335,812 | -0.0% |
| 28 | Tennessee | $334,492 | $332,843 | +0.5% |
| 29 | Georgia | $331,098 | $333,962 | -0.9% |
| 30 | South Dakota | $321,734 | $313,668 | +2.6% |
| 31 | New Mexico | $317,929 | $313,701 | +1.3% |
| 32 | South Carolina | $306,790 | $304,733 | +0.7% |
| 33 | Texas | $300,292 | $306,050 | -1.9% |
| 34 | Illinois | $294,863 | $280,854 | +5.0% |
| 35 | North Dakota | $291,128 | $276,257 | +5.4% |
| 36 | Pennsylvania | $289,018 | $282,189 | +2.4% |
| 37 | Nebraska | $279,742 | $270,839 | +3.3% |
| 38 | Missouri | $266,196 | $257,979 | +3.2% |
| 39 | Michigan | $265,432 | $254,796 | +4.2% |
| 40 | Indiana | $259,002 | $251,472 | +3.0% |
| 41 | Kansas | $248,420 | $238,575 | +4.1% |
| 42 | Ohio | $247,760 | $239,284 | +3.5% |
| 43 | Alabama | $241,226 | $237,619 | +1.5% |
| 44 | Iowa | $238,742 | $229,745 | +3.9% |
| 45 | Kentucky | $232,420 | $234,668 | -1.0% |
| 46 | Arkansas | $226,618 | $218,959 | +3.5% |
| 47 | Oklahoma | $222,536 | $217,082 | +2.5% |
| 48 | Louisiana | $216,894 | $213,340 | +1.7% |
| 49 | Mississippi | $197,891 | $194,361 | +1.8% |
| 50 | West Virginia | $178,530 | $173,567 | +2.9% |
Where home values fell over the past year
12 states recorded lower typical home values in June 2026 than in June 2025. The largest declines were Florida (-2.8%), Nevada (-2.1%), Colorado (-2.0%), Texas (-1.9%) and Arizona (-1.6%) [1]. These are the states that added the most new housing during the 2021 to 2023 boom, and supply is now catching up with demand. Nationally, Zillow counted 1.39 million homes for sale in June, 0.9% more than a year earlier, and new listings rose 3% year over year [2].
Why the Sun Belt is cooling
The pattern is consistent with basic supply economics. Where builders can obtain permits and land, they respond to high prices with more homes, and prices stop rising. Texas and Florida issued more single-family permits than any other states during the boom, and both now show falling values. Higher financing costs add to the pressure: the average 30-year fixed mortgage rate was 6.43% in the week of July 2, 2026, according to Freddie Mac data published by the Federal Reserve Bank of St. Louis [3]. Buyers in fast-growing metros have more choice and more negotiating power than at any time since 2019.
Where home values rose the most
The strongest annual gains came from the Northeast and the Midwest, where new construction is limited and inventory is thin. Alaska led with +5.7%, followed by North Dakota (+5.4%), New York (+5.2%), Illinois (+5.0%) and Connecticut (+4.9%) [1]. Wisconsin (+4.9%), Michigan (+4.2%) and Kansas (+4.1%) round out the top eight. None of these states is cheap to build in, and several have lost population to the South in recent years, yet their price growth beat the national 1.1% by a wide margin. Low inventory, not strong demand, explains most of the difference.
The 2026 map is a supply map: states that built the most are now seeing prices fall, while states that built the least are seeing prices rise.
What the state ranking means for buyers and investors
Three observations follow from the data. First, the national 1.1% figure hides a wide regional split, so anyone comparing markets should look at state and metro data rather than headlines. Second, the states with falling values are also the states with rising inventory, which usually means longer selling times and more price cuts; Zillow reported that 25.8% of listings nationally had a price cut in June [2]. Third, the states with the strongest gains have the thinnest supply, and price growth built on scarcity can reverse quickly if listings return. Lighter permitting rules and faster approvals are the most direct way for the high-cost states to improve affordability without subsidies. Investors may consider that a 4% to 5% annual gain in a Northeastern state comes with far less new competition from builders than a Sun Belt market, but also with higher property taxes and slower population growth. The counterpoint is that Sun Belt prices now sit closer to replacement cost, which historically limits how far they can fall.
Key takeaways
- Hawaii ($829,420) and California ($762,587) have the highest home values by state as of June 30, 2026; West Virginia ($178,530) has the lowest [1].
- The typical U.S. home was worth $372,057 in June 2026, up 1.1% year over year [2].
- 12 states posted annual declines, led by Florida (-2.8%), Nevada (-2.1%) and Colorado (-2.0%) [1].
- Alaska (+5.7%), North Dakota (+5.4%) and New York (+5.2%) recorded the largest gains [1].
- The 30-year mortgage rate averaged 6.43% in the week of July 2, 2026 [3].
Frequently asked questions
Which state has the highest home values in 2026?
Hawaii has the highest typical home value at $829,420 as of June 30, 2026, followed by California at $762,587 and Massachusetts at $659,317, according to Zillow data on DataPorium [1].
Which state has the cheapest homes in 2026?
West Virginia has the lowest typical home value at $178,530, followed by Mississippi at $197,891 and Louisiana at $216,894 [1].
Which states saw home values fall in the past year?
12 states had lower values in June 2026 than in June 2025. The biggest declines were in Florida (-2.8%), Nevada (-2.1%), Colorado (-2.0%) and Texas (-1.9%) [1].
What is the typical U.S. home value in mid-2026?
Zillow put the typical U.S. home value at $372,057 in June 2026, 1.1% higher than a year earlier, with 1.39 million homes for sale nationwide [2].
