US Home Price Insights – September 2024
Housing Data and More
Here is some housing data for the United States as of September 2024:
House prices in all 50 states and the District of Columbia increased between the second quarter of 2023 and the second quarter of 2024. The five states with the largest annual appreciation were Vermont, West Virginia, Rhode Island, Delaware, and New Jersey.
Nearly half of renter households are cost-burdened. The median housing cost as a percentage of income for renters is 31.0%, compared to 21.1% for homeowners with a mortgage and 11.5% for those without a mortgage.
Homeowner's insurance
In 2023, 5.4 million homeowners paid $4,000 or more a year for homeowner's insurance. Florida had the highest number of homeowners paying this amount, followed by Texas, California, New York, and Louisiana.
Zillow Home Value Index (ZHVI)
The average ZHVI over the second quarter of 2024 was $364,056. The ZHVI represents the typical home value in a given area.
Supplemental Demographic and Housing Characteristics File (S-DHC)
The U.S. Census Bureau released the S-DHC, the final 2020 Census data product, on September 19, 2024. The S-DHC combines the characteristics of households and the people living in them.
