State-by-State Real Estate Insights | VillaTerras
Explore Comprehensive Real Estate Trends Across All | United States of America | 50 States and Territories
Welcome to VillaTerras’ State-by-State Real Estate Data Hub, your trusted source for accurate and up-to-date housing trends, demographic shifts, and economic insights. Whether you’re an investor, developer, or landowner, this resource provides actionable information tailored to your needs.
What You’ll Find on This Page
- Regional Real Estate Overviews:
- Key metrics like housing inventory, affordability, and population growth by region.
- State-by-State Data:
- Interactive elements such as clickable maps, sortable tables, and state-specific summaries.
- Dynamic Features:
- Filtering tools for comparing regions and states based on your interests.
- Regularly Updated Metrics:
- Quarterly updates ensure data reflects the latest trends and developments.
Interactive Features
1. Clickable U.S. Map
- Navigate to any state or territory by clicking on the interactive map below.
- Visualize data like median home prices, rental costs, and population changes by region.
2. Dynamic Data Table
- Sort states by key metrics:
- Median Home Price
- Population Growth
- Housing Affordability Index
3. Customizable Market Reports
- Generate reports based on:
- Region (e.g., South, Midwest, West)
- State-specific insights
- Investment criteria (e.g., ROI, migration patterns)
United States of America – Regions and States
Northeast
- Connecticut
- Maine
- Massachusetts
- New Hampshire
- New Jersey
- New York
- Pennsylvania
- Rhode Island
- Vermont
South
South Atlantic Division
- Delaware
- Florida
- Georgia
- Maryland
- North Carolina
- South Carolina
- Virginia
- West Virginia
East South Central Division
- Alabama
- Kentucky
- Mississippi
- Tennessee
West South Central Division
- Arkansas
- Louisiana
- Oklahoma
- Texas
Midwest
East North Central Division
- Illinois
- Indiana
- Michigan
- Ohio
- Wisconsin
West North Central Division
- Iowa
- Kansas
- Minnesota
- Missouri
- Nebraska
- North Dakota
- South Dakota
West
Mountain Division
- Arizona
- Colorado
- Idaho
- Montana
- Nevada
- New Mexico
- Utah
- Wyoming
Pacific Division
- Alaska
- California
- Hawaii
- Oregon
- Washington
U.S. Territories
- American Samoa
- Guam
- Northern Mariana Islands
- Puerto Rico
- U.S. Virgin Islands
Comprehensive Insights into U.S. Housing Market Trends
The U.S. housing market continues to evolve, driven by factors like shifting demographics, economic growth, and technological innovation. This page provides an in-depth look at national real estate trends for 2024, offering valuable insights for investors, developers, buyers, and sellers alike.
Key Metrics at a Glance
Housing Market Overview (2024)
- Median Home Price: $375,000 (Source: FHFA, 2024)
- Median Rent: $1,800/month (Source: Zillow Research, 2024)
- Annual Home Price Growth Rate: +4.5% (Source: National Association of Realtors, 2024)
- Housing Inventory Decline: -12% compared to 2023 (Source: U.S. Census Bureau, 2024)
Top 5 Fastest Growing Markets
- Austin, Texas (+8.2% annual growth)
- Tampa, Florida (+7.6%)
- Phoenix, Arizona (+6.9%)
- Charlotte, North Carolina (+6.4%)
- Denver, Colorado (+5.8%)
States with Declining Home Prices
- Illinois: -2.5%
- West Virginia: -1.8%
- New York: -1.2%
Emerging Trends in the 2024 U.S. Real Estate Market
1. Migration to Suburbs and Smaller Cities
The shift to remote and hybrid work continues to drive Americans away from expensive urban centers toward affordable suburbs and smaller cities.
- Key States Benefiting:
- Texas (Austin, Dallas suburbs)
- Florida (Orlando, Tampa suburbs)
- North Carolina (Raleigh-Durham area)
- Implications for Investors: Suburban markets offer strong rental demand and lower competition for single-family homes.
2. Increased Demand for Affordable Housing
The growing housing affordability crisis is pushing demand for mid-priced and low-cost homes.
- Data Highlights:
- Housing Affordability Index: Only 32% of households can afford a median-priced home (Source: NAR, 2024).
- Rising Interest Rates: Average 30-year fixed mortgage rates are at 6.7%, limiting buying power.
- Regions Leading Affordable Housing Growth:
- Midwest (Ohio, Indiana, Michigan)
- South (Alabama, Mississippi, Kentucky)
3. Rental Market Resurgence
With rising mortgage rates and limited housing inventory, rental markets are booming in 2024.
- National Rent Growth: +5.5% year-over-year (Source: Zillow Research, 2024).
- High-Demand Rental Markets:
- Urban centers like Miami, Atlanta, and Los Angeles.
- Suburban areas with growing populations, such as Charlotte and Phoenix.
4. Sustainability in Real Estate Development
Green building initiatives and energy-efficient homes are gaining traction as environmental concerns grow.
- Key Statistics:
- 35% of new homes in 2024 include solar panels (Source: U.S. Green Building Council, 2024).
- States like California and Washington lead the way in green building codes.
- Opportunities for Investors: Eco-friendly developments command higher premiums and appeal to younger buyers.
5. Population Declines in High-Cost Areas
Expensive states like California and New York are seeing out-migration as residents seek affordability elsewhere.
- Key Metrics:
- California Population Growth: +0.2% (primarily from immigration).
- New York Population Growth: -0.5% (Source: U.S. Census Bureau, 2024).
2024 Housing Market Challenges
1. Limited Housing Inventory
- Housing inventory has declined by 12% since 2023, exacerbating competition for available homes.
- Most Impacted Markets:
- San Francisco, California
- Seattle, Washington
- Boston, Massachusetts
2. Rising Interest Rates
- Mortgage rates reached 6.7% in 2024, reducing affordability for many buyers.
- Effects on the Market:
- Increased rental demand.
- Slowdown in high-end property purchases.
3. Regional Economic Disparities
While states like Texas and Florida thrive, others like West Virginia and Illinois struggle with stagnant markets and declining populations.
Interactive Tools for 2024 Real Estate Trends
1. U.S. Housing Market Dashboard
An interactive tool showing:
- Median home prices by state.
- Population changes by region.
- Rental growth trends in urban vs. suburban areas.
2. Dynamic Real Estate Heatmaps
- What It Shows:
- Hot markets with rapid price growth.
- Affordable regions for first-time buyers.
3. Customizable Market Reports
- Download reports tailored to:
- Investors: ROI projections by region.
- Buyers: Affordability analysis for desired locations.
- Developers: Zoning and regulatory updates.
Regional Trends Summary
Northeast: High-Cost Urban Markets
- Median Home Price: $550,000
- Population Growth: Flat (-0.1%)
South: Affordable Growth Hubs
- Median Home Price: $300,000
- Population Growth: +1.3%
Midwest: The Affordable Heartland
- Median Home Price: $250,000
- Population Growth: +0.5%
West: High-Value and High-Demand
- Median Home Price: $425,000
- Population Growth: +0.7%
Call-to-Action
Stay Ahead of the Market with VillaTerras!
Sign up to access monthly real estate reports, trend analysis, and interactive tools to help you navigate the 2024 U.S. housing market.
Subscribe to Reports
Explore Trends by State
Quick Metrics (2024)
- Median Home Price: $375,000
- Median Rent: $1,800/month
- Fastest Growing States: Texas, Florida, Arizona
- States with Declining Populations: New York, Illinois, West Virginia
Unlock Exclusive Real Estate Insights Today!
Ready to explore data-driven opportunities? Use our tools to navigate real estate trends across all 50 states and territories.
Interactive Map
Subscribe to Reports
Disclaimer
VillaTerras aggregates data from public records, reputable third-party APIs, and proprietary analytics tools. While we strive for accuracy, all data is subject to change. Consult licensed professionals for transaction decisions.
Cited Sources
Esri Demographics: Data visualization and analysis. (https://www.esri.com/en-us/home)
Zillow Research: Data on median home prices and rental costs. (https://www.zillow.com/research)
U.S. Census Bureau: Population growth, demographic shifts, and housing data. (https://www.census.gov)
Federal Housing Finance Agency (FHFA): Home price indices and affordability metrics. (https://www.fhfa.gov)
Bureau of Economic Analysis (BEA): State economic performance and industry analysis. (https://www.bea.gov)
Federal Housing Finance Agency (FHFA): Home price indices. (https://www.fhfa.gov)
National Association of Realtors (NAR): Market trends and affordability indices. (https://www.nar.realtor)
U.S. Green Building Council (USGBC): Sustainability and green building data. (https://www.usgbc.org)
National Association of Realtors (NAR): Regional and national housing trends. (https://www.nar.realtor)
Mapbox: Interactive map development for visual data representation. (https://www.mapbox.com)
