Current home values in [[home_value.state]]

Home values have been [[home_value.rise_decline]] throughout [[home_value.state]] and are [[home_value.up_down]] [[home_value.up_down_percent]]% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently [[home_value.state_avg]], Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in [[home_value.state]]: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a [[home_value.state_avg]] home at 3.33% would give a typical [[home_value.state]] homebuyer a monthly payment of [[home_value.mortgage_payment]], assuming a 20% down payment.

How the [[home_value.state]] housing market stacks up

[[home_value.alt_text]]
[[home_value.image_attribution]]
[[home_value.image_caption]]

The state's median home value is [[home_value.higher_lower]] than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in [[home_value.state]], they're predicted to rise [[home_value.state_forecast]]%.

Homes right now are going on the market in [[home_value.state]] at a median price of $[[home_value.median_price]] per square foot, versus $134 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

[[home_value.state]] home prices over the last 10 years

Year Avg. Price
2020* [[home_value.2020_a]]
2019 [[home_value.2019_a]]
2018 [[home_value.2018_a]]
2017 [[home_value.2017_a]]
2016 [[home_value.2016_a]]
2015 [[home_value.2015_a]]
2014 [[home_value.2014_a]]
2013 [[home_value.2013_a]]
2012 [[home_value.2012_a]]
2011 [[home_value.2011_a]]
2010 [[home_value.2010_a]]
2009 [[home_value.2009_a]]

*2020 price average through March 31, 2020.

How much for an average-sized home?

Here's what a 2,500-square-foot home in [[home_value.state]] is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2020* [[home_value.2020_2500_a]]
2019 [[home_value.2019_2500_a]]
2018 [[home_value.2018_2500_a]]
2017 [[home_value.2017_2500_a]]
2016 [[home_value.2016_2500_a]]
2015 [[home_value.2015_2500_a]]
2014 [[home_value.2014_2500_a]]
2013 [[home_value.2013_2500_a]]
2012 [[home_value.2012_2500_a]]
2011 [[home_value.2011_2500_a]]
2010 [[home_value.2010_2500_a]]
2009 [[home_value.2009_2500_a]]

*2020 price average through March 31, 2020.