Realtor.com recently released a report highlighting disparities in housing affordability and homebuilding across the United States. The report evaluated all 50 states and Washington, D.C., assigning them letter grades. South Carolina, Iowa, and Texas received the highest ratings.
In the report, South Carolina achieved an “A” grade, attributed to its proactive homebuilding efforts. The state had a median home asking price of $354,429, with a median household income of $64,989.
Iowa, with an “A-” rating, showed a high Realtors Affordability Score of 0.92 out of 2. The median home price was $294,600, with a new construction premium at 58.4%.
Texas also received an “A-” due to its impressive new construction, accounting for 15.3% of new construction permits in 2024. Its permit-to-population ratio stood at 1.67.
Indiana and North Carolina were graded “B+”. Indiana had an overall score of 69.9 out of 100 for affordability and homebuilding. North Carolina was noted for its strong affordability and homebuilding activity, with a median asking price of $408,663.
Most states fell within the C range for affordability and homebuilding. Montana received a “D,” while seven states, including Oregon and California, failed to meet the criteria, receiving an “F.”
A separate report from April indicated that the median home price nationwide was $424,900, consistent with the previous year but 38.9% higher than in March 2019. Additionally, a survey by NerdWallet found that approximately 15% of Americans plan to purchase a home this year.
