The traditional American dream typically begins with great jobs, two kids, and a family home to grow in. If you’ve been dreaming of buying a house, then you’ve likely considered the financial factors, including saving and budgeting for the home. Just as America is huge and diverse, so is its housing market.
The average home price in America is $270,726, which may be startling to homeowners in West Virginia, where the average home value is just $107,840. On the other end of the spectrum, families in Washington, D.C. can expect to pay over $700,000 for a home. There are huge differences in both income and housing costs across the country, which is why we set out to see just how long it would take to afford a home in each state.
If you’re looking to buy your first home, then you already know you have to save for … Read the rest