Oregon Home Prices Surpass $300/Sq Ft as Housing Crisis Worsens
At $303.88 per square foot, Oregon is the 10th most expensive state to buy a house in the US, where prices soar to $711.05 in Hawaii and average $147.66 per square foot in West Virginia.
Most Expensive States To Buy A Home In US Ranking
After extracting data from Realtor.com, home warranty firm Cinch Home Services examined housing costs across all 50 US states, then analyzed listing prices relative to typical square footage for available properties and ranked states from most to least expensive.
The 10 most expensive states for homebuyers are:
| Rank | State | Price per Square Foot |
|---|---|---|
| 1 | Hawaii | $711.05 |
| 2 | District of Columbia | $483.09 |
| 3 | New York | $449.81 |
| 4 | Massachusetts | $437.50 |
| 5 | California | $429.00 |
| 6 | Washington | $331.58 |
| 7 | New Jersey | $326.60 |
| 8 | New Hampshire | $312.00 |
| 9 | Rhode Island | $304.34 |
| 10 | Oregon | $303.88 |
The Oregon housing price at $303.88 per square foot is comparable with New Jersey at $326.60, New Hampshire at $312, Rhode Island at $304.34, and Montana at $299.42.
In Oregon, evictions linked to the housing crisis are increasing, including, for example, a 67% spike in Multnomah County homelessness, despite the housing price per square foot sitting at more or less the middle between the most expensive and least expensive states to buy.
The average house in Hawaii, with 1,104 square feet of living space, has a listing price of $785,000. Still, the perks include a desired island lifestyle with year-round sun and beach views.
In West Virginia, median homes of 1,754 square feet sell for around $259,000, which means the average cost per square foot is $147.66. This is a price gap of nearly five times for the same amount of living space.
The five most affordable states for homebuyers are:
| Rank | State | Price per Square Foot |
|---|---|---|
| 47 | Indiana | $155.86 |
| 48 | Louisiana | $151.71 |
| 49 | Mississippi | $149.56 |
| 50 | Kansas | $148.21 |
| 51 | West Virginia | $147.66 |
A Cinch Home Services spokesperson said, “For everyday buyers trying to make their money go further, states in the Midwest and South can offer a lot more home for the same budget.”