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Counties with the most expensive homes in every state

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KennStilger47 // Shutterstock

Counties with the most expensive homes in every state

Buying a home is an investment and an increasingly expensive one. A robust real estate market with high prices developed after the 2008 recession, but rising interest rates could slow the market down—great for anyone saving for their dream home. The market is only one factor in the price homebuyers will pay, though; there is also the house itself to consider. Buyers and sellers might think the most expensive homes have the newest appliances and a fresh coat of paint, but even so, most homes lose value as they age. In contrast, land value increases over the years, and that value depends on where the house is located. More desirable neighborhoods allow sellers to charge more; the mantra “location, location, location” has never been more relevant.

Stacker used data from the National Association of Realtors (NAR) to find the counties with the most expensive homes in every state (or county equivalent for Alaska, Louisiana, and Virginia, and in areas where people are willing to pay the most for a home. NAR based their estimates on price and population data from the American Community Survey and on FHFA House Price Index and interest rate data from the Freddie Mac Primary Mortgage Market Survey. The mortgage payments considered assume a 30-year fixed rate fully amortizing—meaning the mortgage is paid off on time—mortgage with payments only on the principal amount and interest. It is also likely that fees and taxes will lead to higher actual payments.

Do you live in the area with the most expensive real estate market in your state? Read on to find out.

ALSO: The richest town in every state

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Rivers Langley // Wikicommons

Alabama: Shelby County

Median home price Q2 2017: $213,550
Monthly payment (interest rate = 3.5%): $863
Monthly payment (interest rate = 4.2%): $940
Monthly payment (interest rate = 5%): $1,032

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marccapelletti // Flickr

Alaska: Sitka City and Borough

Median home price Q2 2017: $375,056
Monthly payment (interest rate = 3.5%): $1,516
Monthly payment (interest rate = 4.2%): $1,651
Monthly payment (interest rate = 5%): $1,812

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cygnusloop99 // Wikicommons

Arizona: Maricopa County

Median home price Q2 2017: $265,696
Monthly payment (interest rate = 3.5%): $1,074
Monthly payment (interest rate = 4.2%): $1,169
Monthly payment (interest rate = 5%): $1,284

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National Park Service

Arkansas: Benton County

Median home price Q2 2017: $187,490
Monthly payment (interest rate = 3.5%): $758
Monthly payment (interest rate = 4.2%): $825
Monthly payment (interest rate = 5%): $906

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osbornb // Wikicommons

California: San Francisco County

Median home price Q2 2017: $1,087,599
Monthly payment (interest rate = 3.5%): $4,395
Monthly payment (interest rate = 4.2%): $4,787
Monthly payment (interest rate = 5%): $5,255

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Jeffrey Beall // Wikicommons

Colorado: Pitkin County

Median home price Q2 2017: $748,919
Monthly payment (interest rate = 3.5%): $3,027
Monthly payment (interest rate = 4.2%): $3,296
Monthly payment (interest rate = 5%): $3,618

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Jerrye Roy Klotz MD // Wikicommons

Connecticut: Fairfield County

Median home price Q2 2017: $429,548
Monthly payment (interest rate = 3.5%): $1,736
Monthly payment (interest rate = 4.2%): $1,891
Monthly payment (interest rate = 5%): $2,075

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Jack Boucher // Wikicommons

Delaware: New Castle County

Median home price Q2 2017: $276,771
Monthly payment (interest rate = 3.5%): $1,119
Monthly payment (interest rate = 4.2%): $1,218
Monthly payment (interest rate = 5%): $1,337

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Kolossos // Wikicommons

Florida: Monroe County

Median home price Q2 2017: $85,728
Monthly payment (interest rate = 3.5%): $346
Monthly payment (interest rate = 4.2%): $377
Monthly payment (interest rate = 5%): $414

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Jud McCranie // Wikicommons

Georgia: Forsyth County

Median home price Q2 2017: $346,839
Monthly payment (interest rate = 3.5%): $1,402
Monthly payment (interest rate = 4.2%): $1,527
Monthly payment (interest rate = 5%): $1,676

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teemu008 // Wikicommons

Hawaii: Honolulu County

Median home price Q2 2017: $705,856
Monthly payment (interest rate = 3.5%): $2,853
Monthly payment (interest rate = 4.2%): $3,107
Monthly payment (interest rate = 5%): $3,410

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Acroterion // Wikicommons

Idaho: Blaine County

Median home price Q2 2017: $456,220
Monthly payment (interest rate = 3.5%): $1,844
Monthly payment (interest rate = 4.2%): $2,008
Monthly payment (interest rate = 5%): $2,204

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G LeTourneau // Wikicommons

Illinois: DuPage County

Median home price Q2 2017: $316,749
Monthly payment (interest rate = 3.5%): $1,280
Monthly payment (interest rate = 4.2%): $1,394
Monthly payment (interest rate = 5%): $1,530

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Nyttend // Wikicommons

Indiana: Hamilton County

Median home price Q2 2017: $84,489
Monthly payment (interest rate = 3.5%): $341
Monthly payment (interest rate = 4.2%): $372
Monthly payment (interest rate = 5%): $408

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cubsftw // Wikicommons

Iowa: Dallas County

Median home price Q2 2017: $86,044
Monthly payment (interest rate = 3.5%): $348
Monthly payment (interest rate = 4.2%): $379
Monthly payment (interest rate = 5%): $416

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Rmprit // Wikicommons

Kansas: Johnson County

Median home price Q2 2017: $94,941
Monthly payment (interest rate = 3.5%): $384
Monthly payment (interest rate = 4.2%): $418
Monthly payment (interest rate = 5%): $459

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Nyttend // Wikicommons

Kentucky: Oldham County

Median home price Q2 2017: $289,783
Monthly payment (interest rate = 3.5%): $1,171
Monthly payment (interest rate = 4.2%): $1,275
Monthly payment (interest rate = 5%): $1,400

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bibbit // Wikicommons

Louisiana: Orleans Parish

Median home price Q2 2017: $234,627
Monthly payment (interest rate = 3.5%): $948
Monthly payment (interest rate = 4.2%): $1,033
Monthly payment (interest rate = 5%): $1,134

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Ken Gallager // Wikicommons

Maine: Cumberland County

Median home price Q2 2017: $98,213
Monthly payment (interest rate = 3.5%): $397
Monthly payment (interest rate = 4.2%): $432
Monthly payment (interest rate = 5%): $475

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Jerrye Roy Klotz MD // Wikicommons

Maryland: Montgomery County

Median home price Q2 2017: $122,817
Monthly payment (interest rate = 3.5%): $496
Monthly payment (interest rate = 4.2%): $541
Monthly payment (interest rate = 5%): $593

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Bobak // Wikicommons

Massachusetts: Nantucket County

Median home price Q2 2017: $977,237
Monthly payment (interest rate = 3.5%): $3,949
Monthly payment (interest rate = 4.2%): $4,301
Monthly payment (interest rate = 5%): $4,721

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igboo // Flickr

Michigan: Leelanau County

Median home price Q2 2017: $281,979
Monthly payment (interest rate = 3.5%): $1,140
Monthly payment (interest rate = 4.2%): $1,241
Monthly payment (interest rate = 5%): $1,362

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Abiodork // Wikcommons

Minnesota: Carver County

Median home price Q2 2017: $329,383
Monthly payment (interest rate = 3.5%): $1,331
Monthly payment (interest rate = 4.2%): $1,449
Monthly payment (interest rate = 5%): $1,591

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Ken Lund // Wikicommons

Mississippi: Madison County

Median home price Q2 2017: $188,200
Monthly payment (interest rate = 3.5%): $761
Monthly payment (interest rate = 4.2%): $828
Monthly payment (interest rate = 5%): $909

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Smallbones // Wikicommons

Missouri: Platte County

Median home price Q2 2017: $222,358
Monthly payment (interest rate = 3.5%): $899
Monthly payment (interest rate = 4.2%): $979
Monthly payment (interest rate = 5%): $1,074

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U.S. Department of the Interior // Wikicommons

Montana: Gallatin County

Median home price Q2 2017: $69,086
Monthly payment (interest rate = 3.5%): $279
Monthly payment (interest rate = 4.2%): $304
Monthly payment (interest rate = 5%): $334

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Ammodramus // Wikicommons

Nebraska: Washington County

Median home price Q2 2017: $90,479
Monthly payment (interest rate = 3.5%): $366
Monthly payment (interest rate = 4.2%): $399
Monthly payment (interest rate = 5%): $438

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Roman Ingeniusz // Wikicommons

Nevada: Douglas County

Median home price Q2 2017: $489,692
Monthly payment (interest rate = 3.5%): $1,979
Monthly payment (interest rate = 4.2%): $2,155
Monthly payment (interest rate = 5%): $2,366

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Daderot // Wikicommons

New Hampshire: Rockingham County

Median home price Q2 2017: $329,449
Monthly payment (interest rate = 3.5%): $1,331
Monthly payment (interest rate = 4.2%): $1,449
Monthly payment (interest rate = 5%): $1,591

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Klotzplate // Wikicommons

New Jersey: Bergen County

Median home price Q2 2017: $484,775
Monthly payment (interest rate = 3.5%): $1,959
Monthly payment (interest rate = 4.2%): $2,134
Monthly payment (interest rate = 5%): $2,342

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John Phelan // Wikicommons

New Mexico: Santa Fe County

Median home price Q2 2017: $312,757
Monthly payment (interest rate = 3.5%): $1,264
Monthly payment (interest rate = 4.2%): $1,376
Monthly payment (interest rate = 5%): $1,511

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Rtd2101 // Wikicommons

New York: New York County

Median home price Q2 2017: $932,366
Monthly payment (interest rate = 3.5%): $3,768
Monthly payment (interest rate = 4.2%): $4,103
Monthly payment (interest rate = 5%): $4,505

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Jerrye Roy Klotz MD // Wikicommons

North Carolina: Orange County

Median home price Q2 2017: $714,659
Monthly payment (interest rate = 3.5%): $2,888
Monthly payment (interest rate = 4.2%): $3,145
Monthly payment (interest rate = 5%): $3,453

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Plazak // Wikicommons

North Dakota: Burleigh County

Median home price Q2 2017: $251,682
Monthly payment (interest rate = 3.5%): $1,017
Monthly payment (interest rate = 4.2%): $1,108
Monthly payment (interest rate = 5%): $1,217

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Tim Erskine // Wikicommons

Ohio: Delaware County

Median home price Q2 2017: $98,557
Monthly payment (interest rate = 3.5%): $398
Monthly payment (interest rate = 4.2%): $433
Monthly payment (interest rate = 5%): $475

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twig73010 // Wikicommons

Oklahoma: McClain County

Median home price Q2 2017: $174,667
Monthly payment (interest rate = 3.5%): $706
Monthly payment (interest rate = 4.2%): $769
Monthly payment (interest rate = 5%): $844

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Ian Poellet // Wikicommons

Oregon: Clackamas County

Median home price Q2 2017: $413,249
Monthly payment (interest rate = 3.5%): $1,670
Monthly payment (interest rate = 4.2%): $1,819
Monthly payment (interest rate = 5%): $1,997

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Zoewscott // Wikicommons

Pennsylvania: Chester County

Median home price Q2 2017: $367,373
Monthly payment (interest rate = 3.5%): $1,485
Monthly payment (interest rate = 4.2%): $1,617
Monthly payment (interest rate = 5%): $1,775

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Jerrye Roy Klotz MD // Wikicommons

Rhode Island: Newport County

Median home price Q2 2017: $404,994
Monthly payment (interest rate = 3.5%): $1,637
Monthly payment (interest rate = 4.2%): $1,782
Monthly payment (interest rate = 5%): $1,957

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Ken Lund // Wikicommons

South Carolina: Charleston County

Median home price Q2 2017: $330,409
Monthly payment (interest rate = 3.5%): $1,335
Monthly payment (interest rate = 4.2%): $1,454
Monthly payment (interest rate = 5%): $1,596

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Jerrye Roy Klotz MD // Wikicommons

South Dakota: Custer County

Median home price Q2 2017: $265,928
Monthly payment (interest rate = 3.5%): $1,075
Monthly payment (interest rate = 4.2%): $1,170
Monthly payment (interest rate = 5%): $1,285

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Sky Marthaler // Wikicommons

Tennessee: Williamson County

Median home price Q2 2017: $99,760
Monthly payment (interest rate = 3.5%): $403
Monthly payment (interest rate = 4.2%): $439
Monthly payment (interest rate = 5%): $482

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Alpine4now // Wikicommons

Texas: Kendall County

Median home price Q2 2017: $227,174
Monthly payment (interest rate = 3.5%): $918
Monthly payment (interest rate = 4.2%): $1,000
Monthly payment (interest rate = 5%): $1,098

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MBJUMM // Wikicommons

Utah: Summit County

Median home price Q2 2017: $577,706
Monthly payment (interest rate = 3.5%): $2,335
Monthly payment (interest rate = 4.2%): $2,543
Monthly payment (interest rate = 5%): $2,791

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Doug Kerr // Wikicommons

Vermont: Chittenden County

Median home price Q2 2017: $297,508
Monthly payment (interest rate = 3.5%): $1,202
Monthly payment (interest rate = 4.2%): $1,309
Monthly payment (interest rate = 5%): $1,437

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Zeete // Wikicommons

Virginia: Falls Church city

Median home price Q2 2017: $850,801
Monthly payment (interest rate = 3.5%): $3,438
Monthly payment (interest rate = 4.2%): $3,745
Monthly payment (interest rate = 5%): $4,111

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Michael Feist // Wikicommons

Washington: San Juan County

Median home price Q2 2017: $269,307
Monthly payment (interest rate = 3.5%): $1,088
Monthly payment (interest rate = 4.2%): $1,185
Monthly payment (interest rate = 5%): $1,301

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Acroterion // Wikicommons

West Virginia: Jefferson County

Median home price Q2 2017: $167,766
Monthly payment (interest rate = 3.5%): $678
Monthly payment (interest rate = 4.2%): $738
Monthly payment (interest rate = 5%): $811

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Royalbroil // Wikicommons

Wisconsin: Waukesha County

Median home price Q2 2017: $285,462
Monthly payment (interest rate = 3.5%): $1,154
Monthly payment (interest rate = 4.2%): $1,256
Monthly payment (interest rate = 5%): $1,379

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Tonyenglert14 // Wikicommons

Wyoming: Teton County

Median home price Q2 2017: $271,322
Monthly payment (interest rate = 3.5%): $1,097
Monthly payment (interest rate = 4.2%): $1,194
Monthly payment (interest rate = 5%): $1,311

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