A study of the site homebuyer.com determined which are the most expensive states in the united states to buy a house in 2022.
The list ranked each state based on median income percentage that is needed to cover the monthly costs of the mortgage, from highest to lowest.
Housing affordability can vary greatly from place to place, especially with the taxes, utilities, and other unique expenses associated with a given citydepending on the site.
According to the report, the most expensive state to buy a home is Hawaiiwith an average house price of $615,300. The median household income there is $99,800 and 35.15% of that amount is needed to afford to purchase a home.
The states that follow Hawaii as the most expensive to buy a house in 2022 are California, Oregon, Washington and Colorado.
That California is in second place makes sense since it is the third largest state in the country and the most populous of all. The median house price is $505,000, and the estimated monthly mortgage payment is $2,399.32.
While in Oregon the average price of a home costs about $312,000.
According to the study, it is necessary 21.92% of median household income to buy a home there and has an estimated monthly mortgage payment of $1,483.30.
In contrast, the 15 cheapest states to buy a house are the following:
12. North Dakota
fifteen. South Dakota
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