How high are CA home prices vs. the other states? About TRIPLE.
California natives (and long time residents — DE FACTO “natives”) have no idea how and WHY housing in other states is far less expensive than in the Golden State. Indeed, many don’t even grasp the magnitude of the price gap. When it comes to the price gap, I’m here to help.
Many folks love (or HATE) to compare California with Texas. Let’s start there with home prices.
According to Zillow, here’s the median price of homes as of March, 2017:
TX: $163,500 CA: $493,800 U.S.: $196,500Hence CA homes are roughly TRIPLE the cost of Texas homes. And consider this — there are 18 states with median home prices lower than Texas!
https://www.zillow.com/research/data/
Let’s look at the big picture. The CA median home price is 151% higher than… Read More