Median Home Prices in the 15 Fastest Growing States (Only One is Under $350K)

Just like clothing trends, the popularity of a state can rise and fall over time. When a state is viewed as being trendy, residents will flock to the area, causing a population boom. As people move in, the available housing inventory will begin to shrink, driving up costs on just about everything.

Moving to one of these states can make it hard to get ahead financially, which is why it's important to know which areas are on an upward swing before you buy. According to research from Realtor.com, these are the 15 fastest-growing states in the country.

Median home list price: $585,000

While the median home price in Washington, DC is significantly higher than the median home price nationwide, crowds still flocked to this capital city. If you're looking for densely populated neighborhoods with walkability and can swing the high cost of living, this could be the move to make.

Median home list price: $435,000

Florida's median home list price is lower than others on the list of fastest-growing states, thanks in part to the lower density of the state. You'll also find a tax-friendly environment here — the lack of income tax is a big draw for many new residents.

Median home list price: $354,945

Texas is another no income tax state, where people come looking for more financial freedom. They'll also find space here — Texas spans nearly 270,000 square miles — which means the Lone Star State has plenty of room to welcome its new residents.

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Median home list price: $585,000

A strong job market and quality schools are two of the big reasons new residents are gravitating towards Utah. U.S. News and World Report even ranked it in the number one state in the country.

Median home list price: $350,000

New residents will love South Carolina for its smiling faces and beautiful places — just like the state license plate advertises. It's a Southern state full of charm, beaches, mountains, and it boasts a cost of living that's lower than the national average.

Median home list price: $480,000

Nevada has Las Vegas, but it also has stunning natural parks and unbelievable landscapes. Add in a lack of income tax, state-level property tax, or estate tax, and it becomes an appealing place to put down long-term roots.

Median home list price: $559,750

Idaho became a popular place to move in 2020 as Americans looked for states with more space and access to outdoor activities, and the Gem State hasn't lost its appeal. It's a place with beautiful natural landscapes and an adventurous spirit, which newcomers are excited to find.

Median home list price: $399,000

With cities like Raleigh, Durham, and Charlotte drawing in professionals from across the country, North Carolina is one of the fastest-growing states. The beach and the mountains are both a quick drive away — what more could you ask for?

Median home list price: $479,895

Delaware is a great place to shopping — there's no sales tax — but it's also a popular place for those looking to put down new roots. There is also a low property tax rate and, with some of the most popular beaches along the East Coast, it's a great place to settle down.

Median home list price: $481,388

The sunshine and access to outdoor recreation in Arizona keeps drawing new residents in. Arizona was also recently ranked as the third most affordable state to live in by USA Today Homefront, and that's an appealing reason to move for many people.

Median home list price: $535,000

While New Jersey isn't a cheap place to live, it often looks affordable for those moving from more expensive surrounding areas, especially New York. Plus, in New Jersey, you'll have an easier time finding smaller, walkable towns with all of the amenities of a city, minus the traffic.

Median home list price: $599,000

The beauty of the Pacific Northwest is unmatched, but that's not the only reason new residents are flocking to Washington State. The tech sector has continued to bring in new jobs, making it an appealing move for those who can afford the higher median home price of nearly $600,000.

Median home list price: $419,948

There's no state income tax in Tennessee, which is always an appealing reason for would-be new residents to make a move. Add in four seasons, small town charm, and the draw of the mountains, and it's easy to see why people are moving to the Volunteer State.

Median home list price: $381,950

In Georgia, you'll find Southern hospitality, beautiful beaches, and refreshing mountain air, along with big cities, rich history, and small town charm. When you consider there are also strong employment opportunities, this becomes a no-brainer for many looking to make a move.

Median home list price: $722,425

While some research out there shows that people are leaving Massachusetts, the small state is also gaining population. Their affordability may be low, especially considering the median home price is significantly higher than the other fast-growing states, but a strong economy is also drawing new people in.

As you can see, the states that seem to be drawing more residents can come with a higher price tag. 

Finding a way to help pay for your bills can help you afford a move to one of these pricier destinations. Just remember, once you're there, your other bills may be bigger as well, so it's important to plan ahead so you don't find yourself struggling to make ends meet once you settle in.