California is home to the most expensive housing markets in the US: See a nationwide breakdown

California is renowned for its large population and high cost of living, particularly in housing. The median monthly mortgage cost is $2,673, contributing to its status as one of the most expensive states to reside in. Many Californians are considering relocating due to financial strain, with housing prices being notably steep.

Housing analyst Logan Mohtashami attributes this to a supply-demand imbalance in the market. Understanding home values is crucial for homeowners, especially when considering relocation to states like Texas, where the cost of living is lower. Median home values by county provide an accurate representation of housing prices nationwide, devoid of distortions from exceptionally high-priced homes.