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Property Values By State from 2005-2017 – Michael Hyman (Data Specialist NAR – Wash D.C.

Join Michael and Monica next week as they discuss the market trends. 

Home price appreciation is an important topic in today’s economy. Using data from the American Community Survey (ACS), we can analyze the gains and losses of property values over time. I estimated the median property values by state in 2017 using the FHFA index and the median property values from the (ACS). I then calculated the growth rate from 2005 -2017. [1]

The states with the highest estimated median property values in 2017 are Hawaii ($637,892), District of Columbia ($605,756), California ($522,431), Massachusetts ($396,992), and Colorado ($342,967).

READ FULL REPORT HERE

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