The Top 10 Most Expensive States for Self-Directed Real Estate Investors in 2024

Top 10 Most Expensive States

Based on our latest data, here are the top 10 states where property investments commanded the highest prices in 2023, and the median purchase price in each state:

1. 1. Vermont: $632,000
   2. Wyoming: $449,083
   3. Washington, D.C.: $354,840
   4. Hawaii: $347,034
   5. Utah: $284,057
   6. Idaho: $254,982
   7. Iowa: $249,707
   8. Nevada: $242,175
   9. Delaware: $225,579
   10. Colorado: $194,049

How These Prices Compare to National Averages

To put these numbers into perspective, let’s compare them with the national real estate purchase data for 2023. According to the Federal Reserve Bank of St. Louis, the national median home purchase price in 2023 was approximately $430,000. This indicates that many of the top 10 states for Equity Trust investors are significantly above the national median, especially Vermont and Wyoming.

Vermont’s median price of $632,000 is nearly 47% higher than the national average, reflecting its strong market demand and limited supply.

10 Least Expensive States

Conversely, the bottom 10 states highlight more affordable real estate opportunities, with median purchase prices well below the national average:

1. 1. Louisiana: $31,975
   2. Alaska: $32,074
   3. California: $35,254
   4. Mississippi: $48,218
   5. Nebraska: $54,317
   6. Kansas: $60,053
   7. Kentucky: $60,821
   8. Arkansas: $66,265
   9. North Carolina: $66,443
   10. New York: $68,872

These states present attractive options for investors looking to enter the real estate market without significant capital investment. The prices in these states are less than 20% of the national median, making them ideal for those starting out or diversifying their investment portfolios.

Discover More: Download the Full Report

Interested in learning more about the real estate trends that could shape your investment strategies? Download the full 2024 Self-Directed Real Estate Market Report to get detailed insights on:

• States with the highest and lowest purchase prices in 2023
• The hottest markets for out-of-state buyers
• Trends in home prices for Equity Trust investors versus the national average
• Preferred investment strategies, whether it’s rehabs, rentals, or flips
• Much more!

Don’t miss out on the opportunity to gain a deeper understanding of the self-directed real estate market. Download the complete report and start planning your next investment today!

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