United States Housing Market
National housing market statistics, including the median (average) home price and rent. Click a state on the map to explore its local market.
Median Home Price Map by State
Market Overview
| Metric | United States |
|---|---|
| Median home price | $242,182 |
| Home price growth (%/yr) | 8.2% |
| Median gross rent | $1,342 |
| Rent growth (%/yr) | 5.1% |
Buying the median-priced home in the United States costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in the United States.
Both home prices and rent are rising in the United States, up about 8.2% and 5.1% a year respectively. Home prices are changing faster.
Occupancy
| Metric | United States |
|---|---|
| Homeownership rate | 58.2% |
| Vacancy rate | 10.6% |
Frequently Asked Questions
Common questions about the housing market in the United States.
What is the median home price in the United States?
The median home price in the United States is $242,182.
What is the average home price in the United States?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in the United States?
The median gross rent in the United States is $1,342 per month.
What was the median gross rent in the United States in 2020?
In 2020, the median gross rent in the United States was $1,092 per month.
What is the price-to-rent ratio in the United States?
The price-to-rent ratio in the United States is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in the United States.
Are home prices or rent rising faster in the United States?
Both home prices and rent are rising in the United States, up about 8.2% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in the United States?
58.2% of households in the United States own their home.
What is the vacancy rate in the United States?
The housing vacancy rate in the United States is 10.6%.