Hawaii recorded the highest median value for single-family homes among the 50 states ($272,700), more than twice the national median of $111,800, according to newly released figures from the U.S. Census Bureau. The lowest median was in Oklahoma ($70,700), one-third below the national estimate. (See chart below.) When analyzed by region, the highest home values are in the West ($171,000), followed by the Northeast ($139,400), the Midwest ($105,500), and the South ($96,300).

Interestingly, the median value of a home in the Northeast dropped between 1990 and 2000, by 12 percent. In all other regions, home values increased, with the greatest increase seen in the Midwest (up 33 percent), followed by the South (up 15 percent) and the West (up 6 percent). Oregon experienced the sharpest rise in median home values of any state, up 78 percent in the years since 1990. Utah was up 66 percent, and Colorado was up 58 percent.

Further data from the census revealed that the most expensive homes are occupied by people aged 45 to 54, with the median value of homes owned by Asian households being more than 50 percent higher ($199,300) than the national median. A large percentage of these homes (45 percent) are located in Hawaii or California.

Seventy percent of American homes are mortgaged, and 30 percent are not. The median value of single-family mortgaged homes ($128,000) is much higher than the median value of homes without a mortgage ($96,900).

Median Home Values
U.S. Home Values
(Median Price - 2000 Census)
Hawaii $272,700
California $211,500
Massachusetts $185,700
New Jersey $170,800
Washington $168,300
Connecticut $166,900
Colorado $166,600
District of Columbia $157,200
Oregon $152,100
New York $148,700
Utah $146,100
Maryland $146,000
Alaska $144,200
Nevada $142,000
New Hampshire $133,300
Rhode Island $133,000
Illinois $130,800
Delaware $130,400
Virginia $125,400
Minnesota $122,400
Arizona $121,300
Michigan $115,600
Wisconsin $112,200
U.S. Median $111,800
Vermont $111,500
Georgia $111,200
North Carolina $108,300
New Mexico $108,100
Idaho $106,300
Florida $105,500
Ohio $103,700
Montana $99,500
Maine $98,700
Pennsylvania $97,000
Wyoming $96,600
South Carolina $94,900
Indiana $94,300
Tennessee $93,000
Missouri $89,900
Nebraska $88,000
Kentucky $86,700
Alabama $85,100
Louisiana $85,000
Kansas $83,500
Texas $82,500
Iowa $82,500
South Dakota $79,600
Puerto Rico $75,100
North Dakota $74,400
West Virginia $72,800
Arkansas $72,800
Mississippi $71,400
Oklahoma $70,700
Source: U.S. Census Bureau