November 15, 2024 3:30 am
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Zillow report shows home values still going up after 48 consecutive months

Home ValuesWith rising home prices across the country, affordability remains an issue

By Britt Chester | inman

Zillow’s recent Home Value Index (ZHVI) revealed home values increased 5.1 percent over the past year. The current median home value in the United States is $187,300 as of July. The increase in home values has been steady since August 2012, Zillow reports.

Affordability continues to be a struggle in some states, though. California, for example, has a median home value right around $516,000. At this level, the California Association of Realtors determined residents need to make over $100,000 per year to afford homes.

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