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Counties with the most expensive homes in every state

Counties with the most expensive homes in every state
1/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

Alabama: Shelby County
2/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

Alaska: Sitka City and Borough
3/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

Arizona: Maricopa County
4/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

Arkansas: Benton County
5/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

California: San Francisco County
6/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

Colorado: Pitkin County
7/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

Connecticut: Fairfield County
8/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

Delaware: New Castle County
9/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

Florida: Monroe County
10/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

Georgia: Forsyth County
11/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

Hawaii: Honolulu County
12/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

Idaho: Blaine County
13/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

Illinois: DuPage County
14/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

Indiana: Hamilton County
15/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

Iowa: Dallas County
16/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

Kansas: Johnson County
17/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

Kentucky: Oldham County
18/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

Louisiana: Orleans Parish
19/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

Maine: Cumberland County
20/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

Maryland: Montgomery County
21/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

Massachusetts: Nantucket County
22/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

Michigan: Leelanau County
23/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

Minnesota: Carver County
24/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

Mississippi: Madison County
25/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

Missouri: Platte County
26/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

Montana: Gallatin County
27/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

Nebraska: Washington County
28/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

Nevada: Douglas County
29/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

New Hampshire: Rockingham County
30/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

New Jersey: Bergen County
31/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

New Mexico: Santa Fe County
32/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

New York: New York County
33/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

North Carolina: Orange County
34/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

North Dakota: Burleigh County
35/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

Ohio: Delaware County
36/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

Oklahoma: McClain County
37/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

Oregon: Clackamas County
38/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

Pennsylvania: Chester County
39/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

Rhode Island: Newport County
40/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

South Carolina: Charleston County
41/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

South Dakota: Custer County
42/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

Tennessee: Williamson County
43/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

Texas: Kendall County
44/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

Utah: Summit County
45/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

Vermont: Chittenden County
46/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

Virginia: Falls Church city
47/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

Washington: San Juan County
48/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

West Virginia: Jefferson County
49/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

Wisconsin: Waukesha County
50/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

Wyoming: Teton County
51/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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