United States housing market
Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Open Housing Atlas · https://openhousingatlas.com/united-states/ · data through September 2026, printed from the report updated 2026-11-08
Typical home value$366,157+1.2% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$79,375About 1.0× the local median income ($81,604): affordable for a typical household
Days on market63 daysAbout the same pace as a year ago
Next 12 months+1.1%Zillow expects prices to rise slightly
The typical home in the United States is worth $366,157, up 1.2% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $337,292, so the area is 8.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 63 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 1.1% over the next year. A household needs about $79,375 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,604. Typical rent is $1,932 a month, or $2,266 for a house.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
| Typical home value | $366,157 |
| Change in 1 year | +1.2% |
| Overvalued % | +8.6% |
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| Fair home value | $337,292 |
| Change in 5 years | +19.7% |
| Zillow forecast, next 12 months | +1.1% |
| Home value to income | 4.5× |
| Monthly mortgage payment (20% down) | $1,984 |
| Income needed to afford it | $79,375 |
| Property tax rate | 1.02% |
Rent and investing
| Typical rent | $1,932 |
| Typical rent for houses | $2,266 |
| Price-to-rent ratio | 15.8× |
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| HUD Fair Market Rent, 2 bedrooms | $1,759 |
| Gross rental yield | 6.33% |
| Cap rate (estimate) | 4.12% |
Market activity
| Listings vs a year ago | +7.4% |
| Days on market | 63 |
| Listings with a price cut | 20.5% |
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| Homes for sale | 1,183,520 |
| Pending sales per 100 listings | 32 |
| Asking price per sq ft | $222 |
People and jobs
| Median household income | $81,604 |
| Population change (1 year) | +0.5% |
| Unemployment rate | 5.2% |
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| Population | 341,784,857 |
| Income adjusted for cost of living | $81,604 |
| Cost of living (US = 100) | 100.0 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 86.1 |
| Unhealthy air days a year | 12 |
| Flood risk score | 86.8 |
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| Wildfire risk score | 63.2 |
| Walkability (1 to 20) | 9.5 |
| Road, rail and air noise | 54 dB |
Questions people ask
- Is the United States overvalued?
- Home prices in the United States are slightly above what local incomes have historically supported: fair value is about $337,292, so the area is 8.6% overvalued.
- Is the United States a buyer's or seller's market?
- The United States is a balanced market, leaning toward buyers: homes take about 63 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut.
- Are home prices going down in the United States?
- Home values in the United States are up 1.2% over the last year. Zillow's forecast for the next 12 months is +1.1%.
- How much do you need to earn to buy a home in the United States?
- A household needs about $79,375 a year to afford the typical home in the United States at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,604.
States
AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Largest metro areas
New York-Newark-Jersey City, NY-NJLos Angeles-Long Beach-Anaheim, CAChicago-Naperville-Elgin, IL-INDallas-Fort Worth-Arlington, TXHouston-Pasadena-The Woodlands, TXAtlanta-Sandy Springs-Roswell, GAWashington-Arlington-Alexandria, DC-VA-MD-WVMiami-Fort Lauderdale-West Palm Beach, FLPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDPhoenix-Mesa-Chandler, AZBoston-Cambridge-Newton, MA-NHRiverside-San Bernardino-Ontario, CASan Francisco-Oakland-Fremont, CADetroit-Warren-Dearborn, MISeattle-Tacoma-Bellevue, WAMinneapolis-St. Paul-Bloomington, MN-WITampa-St. Petersburg-Clearwater, FLSan Diego-Chula Vista-Carlsbad, CADenver-Aurora-Centennial, COOrlando-Kissimmee-Sanford, FLCharlotte-Concord-Gastonia, NC-SCBaltimore-Columbia-Towson, MDSt. Louis, MO-ILSan Antonio-New Braunfels, TXAustin-Round Rock-San Marcos, TXPortland-Vancouver-Hillsboro, OR-WASacramento-Roseville-Folsom, CAPittsburgh, PALas Vegas-Henderson-North Las Vegas, NVCincinnati, OH-KY-INKansas City, MO-KSColumbus, OHIndianapolis-Carmel-Greenwood, INNashville-Davidson--Murfreesboro--Franklin, TNCleveland, OHSan Jose-Sunnyvale-Santa Clara, CAVirginia Beach-Chesapeake-Norfolk, VA-NCJacksonville, FLProvidence-Warwick, RI-MARaleigh-Cary, NCMilwaukee-Waukesha, WIOklahoma City, OKLouisville/Jefferson County, KY-INRichmond, VAMemphis, TN-MS-ARSalt Lake City-Murray, UTFresno, CABirmingham, ALGrand Rapids-Wyoming-Kentwood, MIHartford-West Hartford-East Hartford, CT