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U.S. inflation inched up in July but most economists see further economic relief on the horizon. And, Utah’s economy continues to outpace most of the nation.
What states are the most expensive to buy a home? Hawaii, California, Washington, Massachusetts, and Colorado make the top five for their real estate prices, while Utah was named the sixth most expensive state to buy a house. A typical home price in Utah is $506,072 as of March 2023, according to Agent Advice.
Downtown Boise has house prices thousands of dollars above the state and national averages. Here are local resources to help buyers.
Louisiana is one of the cheapest states to own a home in the US after seeing a reduction typical house prices over the past two years. According to a report from Agent Advice, Louisiana's typical house prices were just over $180,000 as of March of this year. That is 46% less than the national average.
Utah is among the most expensive states in the nation to own a home, especially because of its skyrocketing housing prices in the past several years.