How Housing Prices Have Changed Ten Years After The Real Estate Bubble Burst

The median housing values of each state in 2007 and 2017.
The median housing values of each state (2007 - 2017)

Source: howmuch.net

41 U.S. states and Washington DC have had their median housing prices rise (real estate values 22 U.S. states increase by 20 percent or less) from 2007 to 2017.

Changes in house prices since the real estate bubble burst
Source: howmuch.net

North Dakota (+82.3%), Colorado (+49.2%) and Texas (+42.4%) are among the few states that have seen a much more dramatic increase in housing prices. The median home values of states like Nevada (-17.1%), Rhode Island (-12.0%) and Connecticut (-11.7%) are still lower than they were before the real estate bubble burst.

StateMedian house value, 2017 ($)Median house value, 2007 ($)Percentage change
NORTH DAKOTA19470010680082.3
COLORADO34890023390049.2
TEXAS17220012090042.4
SOUTH DAKOTA16760011870041.2
MONTANA23130017000036.1
DISTRICT OF COLUMBIA60720045090034.7
OKLAHOMA13740010300033.4
LOUISIANA16250012680028.2
TENNESSEE16750013080028.1
NEBRASKA15580012220027.5
ARKANSAS12850010100027.2
IOWA14910011790026.5
UTAH27510021870025.8
MISSISSIPPI1202009600025.2
WEST VIRGINIA1198009600024.8
WYOMING21430017230024.4
KANSAS15060012120024.3
OREGON31920025730024.1
KENTUCKY14100011430023.4
ALABAMA14130011560022.2
SOUTH CAROLINA16180013390020.8
ALASKA27310023130018.1
NORTH CAROLINA17120014570017.5
PENNSYLVANIA18120015500016.9
IDAHO20710017810016.3
INDIANA14110012290014.8
MISSOURI15670013860013.1
WASHINGTON33900030080012.7
HAWAII61740055540011.2
VERMONT22630020540010.2
NEW MEXICO17130015540010.2
MAINE1912001760008.6
WISCONSIN1789001688006
GEORGIA1737001645005.6
DELAWARE2528002397005.5
PURTO RICO1098001044005.2
MASSACHUSETTS3854003664005.2
MINNESOTA2240002136004.9
OHIO1442001378004.6
VIRGINIA2734002621004.3
MICHIGAN1557001531001.7
NEW YORK3145003110001.1
NEW HAMPSHIRE2636002618000.7
CALIFORNIA509400532300-4.3
ARIZONA223400237700-6
ILLINOIS195300208800-6.5
FLORIDA214000230400-7.1
MARYLAND312500347000-9.9
NEW JERSEY334900372300-10
CONNECTICUT273100309200-11.7
RHODE ISLAND257800292800-12
NEVADA258200311300-17.1

Data: Census.gov

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