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THE LIST

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More good news . . . U.S. home values continue to rise.

The median home value across the United States continues to rise, and so is the proportion of homes valued at $1 million or more, according to an analysis of American Community Survey (ACS) data released by the U.S. Census Bureau. The national median home value in 2003 was about $140,000, up nearly 16 percent in the last three years, while the percentage of million-dollar homes nearly doubled (from 0.5 percent to 1.0 percent).

California led the nation with the highest median home value ($316,600), followed closely by Hawaii ($302,300), Massachusetts ($300,800) and the District of Columbia ($246,300). In contrast, some of the states with the lowest median home values were West Virginia ($78,200), North Dakota ($78,600), Mississippi ($78,700) and Arkansas ($79,902).

California also had the highest percentage of million-dollar homes (4.1 percent)— almost 1-in-25. High concentrations of million-dollar homes also were found in Connecticut (3.3 percent), the District of Columbia (3.3 percent), Massachusetts (2.2 percent) and New York (2.1 percent).

The American Community Survey data are based on responses from a sample of households across the nation. The new ACS is the cornerstone of the redesigned 2010 Census and the Census Bureau’s effort to keep pace with the country’s ever-increasing demands for timely and relevant population and housing data. Being mailed to about 250,000 addresses a month nationwide, the ACS will provide current demographic, housing, social and economic information about America’s communities every year.

TOP TEN STATES WITH HIGHEST MEDIAN HOME VALUES
State

Median Value
(dollars, estimate)

1. California
2. Hawaii
3. Massachusetts
4. District of Columbia
5. New Jersey
6. Connecticut
7. Colorado
8. Rhode Island
9. New Hampshire
10. New York
United States
$316,597
302,315
300,767
246,310
240,145
215,496
200,466
199,745
198,288
196,085
139,759

Source: U.S. Census Bureau, 2003 American Community Survey