Housing Market: 3 Most Expensive Cities To Buy a Home in Every State
In today’s real estate market, you hear a lot about the high price of homes. But do you know which cities in your state (and others) have the most expensive homes?
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To find out the most expensive home listings in every U.S. state, GOBankingRates used the Top-Tier Time Series from the Zillow Home Value Index Research Data, which tracks homes for sale within the 65th-95th percentile, showing the average cost of a top-tier house. GOBankingRates also included data for the average home value for all homes within each city, as listed in the Single-Family Home Zillow Home Value Index.
Here are the three most expensive cities to buy a home in every state.
Alabama
Average Home Value
Mountain Brook: $928,170.57
Orange Beach: $591,610.92
Equality: $739,375.51
Average Top-Tier Home Value
Mountain Brook: $1,519,205.70
Orange Beach: $1,059,725.51
Equality: $1,049,681.27
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Alaska
Average Home Value
Sitka: $504,077.65
Cooper Landing: $444,935.88
Juneau: $497,513.71
Average Top-Tier Home Value
Sitka: $671,890.19
Cooper Landing: $624,234.31
Juneau: $605,410.57
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Arizona
Average Home Value
Paradise Valley: $3,256,380.39
Carefree: $1,288,212.79
Scottsdale: $931,392.79
Average Top-Tier Home Value
Paradise Valley: $5,082,344.11
Carefree: $1,851,129.67
Scottsdale: $1,515,166.06
Arkansas
Average Home Value
Goshen: $661,397.53
Garfield: $390,820.99
Cave Springs: $496,340.98
Average Top-Tier Home Value
Goshen: $902,314.53
Garfield: $746,890.55
Cave Springs: $727,607.24
California
Average Home Value
Atherton: $7,728,132.86
Beverly Hills: $5,651,347.99
Montecito: $5,336,871.91
Average Top-Tier Home Value
Atherton: $12,929,294.18
Beverly Hills: $9,122,670.77
Montecito: $8,765,358.46
Colorado
Average Home Value
Aspen: $8,636,850.75
Mountain Village: $5,418,932.00
Snowmass Village: $4,649,505.45
Average Top-Tier Home Value
Aspen: $11,747,765.74
Mountain Village: $5,682,736.15
Snowmass Village: $5,092,305.67
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Connecticut
Average Home Value
Greenwich: $2,256,611.64
Darien: $1,919,903.19
Westport: $1,753,178.89
Average Top-Tier Home Value
Greenwich: $3,896,718.88
Darien: $3,052,454.59
Westport: $2,802,290.86
Delaware
Average Home Value
South Bethany: $1,189,147.03
Bethany Beach: $1,056,768.18
Dewey Beach: $1,242,747.53
Average Top-Tier Home Value
South Bethany: $1,676,664.91
Bethany Beach: $1,660,137.87
Dewey Beach: $1,638,911.92
District of Columbia
Average Home Value
Washington D.C.: $720,316.16
Average Top-Tier Home Value
Washington D.C.: $1,109,196.81
Florida
Average Home Value
Jupiter Island: $9,626,494.41
Manalapan: $6,862,431.53
Golden Beach: $6,850,197.80
Average Top-Tier Home Value
Jupiter Island: $17,033,144.44
Manalapan: $15,977,968.11
Golden Beach: $12,981,828.82
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Georgia
Average Home Value
Sea Island: $4,548,532.47
Greensboro: $697,693.33
Lakemont: $520,971.37
Average Top-Tier Home Value
Sea Island: $6,464,248.22
Greensboro: $1,551,588.22
Lakemont: $1,438,163.63
Hawaii
Average Home Value
Hanalei: $3,935,139.88
Puako: $1,938,724.06
Kilauea: $1,537,078.81
Average Top-Tier Home Value
Hanalei: $9,146,097.58
Puako: $3,582,456.72
Kilauea: $3,478,462.59
Idaho
Average Home Value
Sun Valley: $2,868,988.21
Ketchum: $2,041,741.29
Hayden Lake: $992,598.55
Average Top-Tier Home Value
Sun Valley: $3,118,711.35
Ketchum: $3,098,004.37
Hayden Lake: $2,004,658.09
Illinois
Average Home Value
Kenilworth: $1,653,187.59
Winnetka: $1,523,366.13
Glencoe: $1,267,669.55
Average Top-Tier Home Value
Kenilworth: $2,672,790.24
Winnetka: $2,376,378.37
Glencoe: $1,988,268.32
Indiana
Average Home Value
Dune Acres: $876,213.87
Clear Lake: $870,349.85
Long Beach: $718,689.34
Average Top-Tier Home Value
Dune Acres: $1,326,086.69
Clear Lake: $1,301,319.65
Long Beach: $1,239,594.30
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Iowa
Average Home Value
West Okoboji: $980,527.57
Okoboji: $1,101,926.19
Wahpeton: $674,756.23
Average Top-Tier Home Value
West Okoboji: $2,173,865.62
Okoboji: $1,756,174.79
Wahpeton: $1,706,346.03
Kansas
Average Home Value
Mission Hills: $1,386,437.61
Lake Quivira: $822,789.43
Mission Woods: $785,213.84
Average Top-Tier Home Value
Mission Hills: $2,271,445.26
Lake Quivira: $1,117,748.81
Mission Woods: $1,095,229.79
Kentucky
Average Home Value
Prospect: $622,048.95
Goshen: $443,611.11
Simpsonville: $380,104.47
Average Top-Tier Home Value
Prospect: $851,864.95
Goshen: $726,018,23
Simpsonville: $680,555.89
Louisiana
Average Home Value
Elmwood: $378,783.69
Mandeville: $364,282.15
Madisonville: $370,989.69
Average Top-Tier Home Value
Elmwood: $742,805.52
Mandeville: $537,820.73
Madisonville: $520,107.18
Maine
Average Home Value
Mount Desert: $883,761.04
Kennebunkport: $1,129,483.84
Ogunquit: $1,059,105.29
Average Top-Tier Home Value
Mount Desert: $2,229,781.33
Kennebunkport: $2,129,530.60
Ogunquit: $1,486,520.41
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Maryland
Average Home Value
Gibson Island: $2,807,617.56
Royal Oak: $1,092,857.97
Chevy Chase: $1,500,390.00
Average Top-Tier Home Value
Gibson Island: $4,001,228.45
Royal Oak: $2,378,607.90
Chevy Chase: $2,038,155.29
Massachusetts
Average Home Value
Nantucket: $2,847,948.90
Chilmark: $2,525,869.85
Edgartown: $1,845,238.30
Average Top-Tier Home Value
Nantucket: $4,937,459.63
Chilmark: $4,861.174.75
Edgartown: $4,004,492.31
Michigan
Average Home Value
Orchard Lake: $889,998.03
Lake Angelus: $1,565,713.79
Leland: $1,041,372.41
Average Top-Tier Home Value
Orchard Lake: $2,354,953.81
Lake Angelus: $2,263,671.59
Leland: $2,079,638.44
Minnesota
Average Home Value
Woodland: $1,593,474.65
Minnetonka Beach: $1,948,200.16
Greenwood: $1,519,197.01
Average Top-Tier Home Value
Woodland: $4,119.034.92
Minnetonka Beach: $4,027.230.62
Greenwood: $2,854,204.44
Mississippi
Average Home Value
Madison: $390,194.52
Flora: $259,548.88
Flowood: $320,861.13
Average Top-Tier Home Value
Madison: $589,067.14
Flora: $579,481.29
Flowood: $549,900.04
Missouri
Average Home Value
Huntleigh: $2,018,184.72
Ladue: $1,117,444.85
Frontenac: $1,063,575.94
Average Top-Tier Home Value
Huntleigh: $3,739,492.07
Ladue: $1,954,206.16
Frontenac: $1,779,551.66
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Montana
Average Home Value
Big Sky: $2,964,045.69
Cameron: $808,806.88
Gallatin Gateway: $1,212,433.66
Average Top-Tier Home Value
Big Sky: $4,246,322.07
Cameron: $3,424,887.96
Gallatin Gateway: $2,442,112.95
Nebraska
Average Home Value
Walton: $651,191.64
Waterloo: $432,244.27
Valley: $410,608.81
Average Top-Tier Home Value
Walton: $1,104,100.87
Waterloo: $1,088,815.83
Valley: $894,391.51
Nevada
Average Home Value
Glenbrook: $2,786,529.91
Incline Village: $1,711,405.91
Zephyr Cove: $1,189,104.41
Average Top-Tier Home Value
Glenbrook: $5,686,658.41
Incline Village: $2,897,025.29
Zephyr Cove: $1,984,995.95
New Hampshire
Average Home Value
New Castle: $2,033,031.70
Rye: $1,233,763.72
Moultonborough: $1,791,337.98
Average Top-Tier Home Value
New Castle: $3,104,551.82
Rye: $2,010,701.35
Moultonborough: $1,791,337.98
New Jersey
Average Home Value
Deal: $3,602,146.67
Alpine: $2,800,919.02
Avalon: $3,152,954.05
Average Top-Tier Home Value
Deal: $6,723,954.29
Alpine: $4,681,296.32
Avalon: $4,376,516.84
New Mexico
Average Home Value
Lamy: $826,108.48
Los Ranchos de Albuquerque: $622,678.88
Santa Fe: $591,695.35
Average Top-Tier Home Value
Lamy: $1,162,786.85
Los Ranchos de Albuquerque: $1,099,027.86
Santa Fe: $1,024,505.13
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New York
Average Home Value
Sagaponack: $5,808,680.26
Bridgehampton: $3,869,147.88
Water Mill: $4,081,479.27
Average Top-Tier Home Value
Sagaponack: $11,549,576.47
Bridgehampton: $8,338,009.79
Water Mill: $7,711,320.21
North Carolina
Average Home Value
Wrightsville Beach: $2,069,128.01
Cashiers: $1,167,421.91
Biltmore Forest: $1,538,081.65
Average Top-Tier Home Value
Wrightsville Beach: $2,729,548.16
Cashiers: $2,550,090.70
Biltmore Forest: $2,383,917.75
North Dakota
Average Home Value
Baldwin: $509,137.26
Reiles Acres: $534,406.21
Horace: $397,578.95
Average Top-Tier Home Value
Baldwin: $682,798.13
Reiles Acres: $661,270.64
Horace: $602,251.03
Ohio
Average Home Value
Hunting Valley: $1,454,381.66
The Village of Indian Hill: $1,425,982.67
Bentleyville: $749,422.06
Average Top-Tier Home Value
Hunting Valley: $2,355,640.16
The Village of Indian Hill: $2,166,073.51
Bentleyville: $1,128,434.17
Oklahoma
Average Home Value
Nichols Hills: $920,958.82
Cleora: $358,323.68
Broken Bow: $298,571.62
Average Top-Tier Home Value
Nichols Hills: $1,632,736.89
Cleora: $771,545.21
Broken Bow: $750,233.87
Oregon
Average Home Value
Arch Cape: $984,502.71
Cannon Beach: $985,604.47
Powell Butte: $980,008.20
Average Top-Tier Home Value
Arch Cape: $1,704,089.45
Cannon Beach: $1,553,810.54
Powell Butte: $1,471,698.95
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Pennsylvania
Average Home Value
Gladwyne: $1,372,667.58
Villanova: $1,306,644.96
Edgeworth: $848,430.03
Average Top-Tier Home Value
Gladwyne: $2,306,373.74
Villanova: $2,088,206.71
Edgeworth: $1,475,554.12
Rhode Island
Average Home Value
New Shoreham: $1,734,259.10
Jamestown: $1,012,906.31
Little Compton: $895,466.43
Average Top-Tier Home Value
New Shoreham: $2,502,461.76
Jamestown: $1,997,051.17
Little Compton: $1,866,359.10
South Carolina
Average Home Value
Sullivans Island: $3,774,123.31
Kiawah Island: $2,322,314.53
Sheldon: $2,364,055.57
Average Top-Tier Home Value
Sullivans Island: $5,794,959.58
Kiawah Island: $3,835,057.16
Sheldon: $3,156,280.84
South Dakota
Average Home Value
Keystone: $584,290.46
Wentworth: $461,320.52
South Shore: $514,134.79
Average Top-Tier Home Value
Keystone: $856,349.68
Wentworth: $779,048.35
South Shore: $768,279.91
Tennessee
Average Home Value
College Grove: $1,104,666.91
Brentwood: $1,257,682.60
Arrington: $1,170,856.63
Average Top-Tier Home Value
College Grove: $2,266,976.94
Brentwood: $1,933,783.24
Arrington: $1,602,550.65
Texas
Average Home Value
Highland Park: $2,755,260.02
Rollingwood: $2,607,819.46
Westlake: $1,532,722.21
Average Top-Tier Home Value
Highland Park: $4,920,549.54
Rollingwood: $3,826,155.42
Westlake: $3,515,422.39
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Utah
Average Home Value
Park City: $1,888,829.30
Kamas: $1,192.855.21
Alta: $1,207,059.29
Average Top-Tier Home Value
Park City: $3,295,313.76
Kamas: $2,683,552.76
Alta: $2,405,868.60
Vermont
Average Home Value
Stowe: $1,060,128.98
Stratton: $657,579.76
Landgrove: $877,112.19
Average Top-Tier Home Value
Stowe: $1,609,886.58
Stratton: $1,356,614.68
Landgrove: $1,350,846.33
Virginia
Average Home Value
Upperville: $1,210,740.29
The Plains: $904,010.45
Great Falls: $1,462,278.65
Average Top-Tier Home Value
Upperville: $2,945,307.08
The Plains: $2,232,677.54
Great Falls: $2,095,417.53
Washington
Average Home Value
Hunts Point: $7,503,567.19
Medina: $4,308,929.59
Yarrow Point: $4,162,771.27
Average Top-Tier Home Value
Hunts Point: $15,112,910.24
Medina: $8,241.644.86
Yarrow Point: $7,725,188.78
West Virginia
Average Home Value
Shepherdstown: $439,955.90
Summit Point: $406,541.66
Shenandoah Junction: $393,307.13
Average Top-Tier Home Value
Shepherdstown: $606,606.27
Summit Point: $546,484.87
Shenandoah Junction: $533,105.32
Wisconsin
Average Home Value
Oconomowoc Lake: $1,731,666.84
Linn: $638,756.78
Maple Bluff: $856,748.68
Average Top-Tier Home Value
Oconomowoc Lake: $3,547,554.27
Linn: $2,050,437.21
Maple Bluff: $1,805,531.66
Wyoming
Average Home Value
Wilson: $4,147,304.30
Jackson: $2,353,793.52
Alta: $1,689.149.74
Average Top-Tier Home Value
Wilson: $7,098,606.62
Jackson: $4,574,419.97
Alta: $3,001,241.47
Methodology: In order to find the most expensive home listing in every state, GOBankingRates used the Top-Tier Time Series from the Zillow Home Value Index Research Data which tracks home for sale within the 65th to 95th percentile, showing the average cost of a premium quality house. Using the data, GOBankingRates was able to analyze each state to find the top 3 most expensive cities to buy a premium home. Once the cities were recorded the average home value for all homes within the city was also found using the Single-Family Home Zillow Home Value Index and included for supplemental information. All data was collected and is up-to-date as-of December 1st, 2023.
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This article originally appeared on GOBankingRates.com: Housing Market: 3 Most Expensive Cities To Buy a Home in Every State
