Money

Here’s how much housing prices have skyrocketed over the last 50 years in every US state

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Life really is more expensive for you than it was for your parents and...

If you want to buy a house this year, you may well be paying around $199,200, the median price for a home in the U.S., according to Zillow.

That's far more than you'd have forked over 10, 20 or 50 years ago. In 1940, the median home value in the U.S. was just $2,938. In 1980, it was $47,200, and by 2000, it had risen to $119,600. Even adjusted for inflation, the median home price in 1940 would only have been $30,600 in 2000 dollars, according to data from the U.S. Census.

Of course, location matters. The median value for a house in New Mexico in 1940 was just $656 — or $6,800 when adjusted to 2000 dollars. The same year, the median value for a home in California clocked in at $3,527, or the equivalent of $36,700.

And prices haven't risen uniformly. The median home now costs about the same in Connecticut and Colorado, just under $167,000, but that's a significant shift upwards for Colorado since, half a century ago, the median Rocky Mountain home cost less than half as much as one in southern New England.

Read on to see how the cost of owning a home has changed in all 50 U.S. states since 1940.

Alabama

Median home price in 1940: $16,800
Median home price in 1980: $67,100
Median home price in 2000: $85,100

Birmingham, Alabama.
Sean Pavorie | Getty Images

Alaska

Median home price in 1940: N/A
Median home price in 1980: $151,00
Median home price in 2000: $144,200

Ketchikan Harbour in Alaska
Loop Images | UIG | Getty Images

Arizona

Median home price in 1940: $14,600
Median home price in 1980: $108,500
Median home price in 2000: $121,300

A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona.
Getty Images

Arkansas

Median home price in 1940: $11,400
Median home price in 1980: $61,600
Median home price in 2000: $72,800

BlazenImages | Getty Images

California

Median home price in 1940: $36,700
Median home price in 1980: $167,300
Median home price in 2000: $211,500

San Francisco, California.
Sean Pa

Colorado

Median home price in 1940: $21,800
Median home price in 1980: $126,900
Median home price in 2000: $ $166,600

Denver, Colorado
Bridget Calip | Getty Image

Connecticut

Median home price in 1940: $48,000
Median home price in 1980: $129,900
Median home price in 2000: $166,900

Hartford, Connecticut
Walter Bibikow | Getty Images

Delaware

Median home price in 1940: $43,300
Median home price in 1980: $87,900
Median home price in 2000: $130,400

Wilmington, Delaware

Florida

Median home price in 1940: $23,100
Median home price in 1980: $89,300
Median home price in 2000: $105,500

South Florida
Gary D Ercole | Getty Images

Georgia

Median home price in 1940: $20,400
Median home price in 1980: $73,000
Median home price in 2000: $111,200

Atlanta reflected in the lake of Piedmont Park.
Giorgio Fochesato | Getty Images

Hawaii

Median home price in 1940: N/A
Median home price in 1980: $233,800
Median home price in 2000: $272,700

Kaneohe Bay and the Ko'olau Mountain Range.
Julie Thurston | Getty Images

Idaho

Median home price in 1940: $16,700
Median home price in 1980: $90,300
Median home price in 2000: $106,300

Boise, Idaho
Anna Gorin | Getty Images

Illinois

Median home price in 1940: $34,100
Median home price in 1980: $104,500
Median home price in 2000: $130,800

Chicago, Illiinois.
Adam Jones | Getty Images

Indiana

Median home price in 1940: $25,000
Median home price in 1980: $73,600
Median home price in 2000: $94,300

Indianapolis, Indiana
f11photo | Getty Images

Iowa

Median home price in 1940: $23,400
Median home price in 1980: $80,400
Median home price in 2000: $82,500

Pioneers of the Territory outside the Iowa Capitol overlooking West Capitol Terrace and downtown in Des Moines, Iowa.
Denis Tangney Jr. | Getty Images

Kansas

Median home price in 1940: $18,000
Median home price in 1980: $74,800
Median home price in 2000: $83,500

Royer | Getty Images

Kentucky

Median home price in 1940: $21,600
Median home price in 1980: $67,700
Median home price in 2000: $86,700

Kentucky Countryside
Getty Images

Louisiana

Median home price in 1940: $14,700
Median home price in 1980: $85,100
Median home price in 2000: $85,000

Revelers party in the French Quarter on Mardi Gras Day, March 4, 2014 in New Orleans.
Getty Images

Maine

Median home price in 1940: $20,900
Median home price in 1980: $75,000
Median home price in 2000: $98,700

Nubble Lighthouse in Maine.
Getty Images

Maryland

Median home price in 1940: $31,500
Median home price in 1980: $115,400
Median home price in 2000: $146,000

Baltimore, Maryland
Richard Cummins | Getty Images

Massachusetts

Median home price in 1940: $39,000
Median home price in 1980: $95,800
Median home price in 2000: $185,700

Acorn Street in Boston, Massachusetts.
Sean Pavone Photo | Getty Images

Michigan

Median home price in 1940: $29,800
Median home price in 1980: $77,200
Median home price in 2000: $115,600

Mackinac Island, Michigan
Danita Delimont | Getty Images

Minnesota

Median home price in 1940: $31,500
Median home price in 1980: $105,100
Median home price in 2000: $122,400

A file photo showing joggers on the Stone Arch Bridge in Minneapolis, Minnesota.
Getty Images

Mississippi

Median home price in 1940: $12,400
Median home price in 1980: $62,200
Median home price in 2000: $122,400

The historic district of Hattiesburg, Mississippi
Csfotoimages | Getty Images

Missouri

Median home price in 1940: $24,900
Median home price in 1980: $72,600
Median home price in 2000: $89,900

The Lewis and Clark statue at Kaw Point, where the Kansas and Missouri rivers merge.
Derek Slagle | Getty Images

Montana

Median home price in 1940: $17,200
Median home price in 1980: $92,00
Median home price in 2000: $99,500

An eastbound manifest freight swoops through a S curve in Lombard Canyon just east of Toston, Montana.
Mike Danneman | Getty Images

Nebraska

Median home price in 1940: $22,400
Median home price in 1980: $75,200
Median home price in 2000: $88,000

Omaha, Nebraska
Andrew Reese | Getty Images

Nevada

Median home price in 1940: $20,700
Median home price in 1980: $136,000
Median home price in 2000: $142,000

Las Vegas, Nevada
RebeccaAng | Getty Images

New Hampshire

Median home price in 1940: $26,100
Median home price in 1980: $95,000
Median home price in 2000: $133,300

Nashua is a city in Hillsborough County, New Hampshire and is the second largest city in the state.
Denis Tangney Jr. | Getty Images

New Jersey

Median home price in 1940: $47,100
Median home price in 1980: $119,200
Median home price in 2000: $170,800

Pedestrians walk along the Hudson River waterfront in Jersey City, New Jersey.
Emile Wamsteker | Bloomberg | Getty Images

New Mexico

Median home price in 1940: $6,800
Median home price in 1980: $89,700
Median home price in 2000: $108,100

Albuquerque, New Mexico.
Bob Thomason | Getty Images

New York

Median home price in 1940: $45,700
Median home price in 1980: $90,300
Median home price in 2000: $148,700

One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck.
Roberto Machado Noa | LightRocket | Getty Images

North Carolina

Median home price in 1940: $18,800
Median home price in 1980: $71,300
Median home price in 2000: $108,300

Raleigh, North Carolina
Swapan Jha | Getty Images

North Dakota

Median home price in 1940: $16,900
Median home price in 1980: $86,900
Median home price in 2000: $74,400

Peter Beck | Getty Images

Ohio

Median home price in 1940: $35,500
Median home price in 1980: $88,900
Median home price in 2000: $103,700

Cleveland, Ohio
Davel5957 | Getty Images

Oklahoma

Median home price in 1940: $13,500
Median home price in 1980: $70,500
Median home price in 2000: $70, 700

Tulsa, Oklahoma
Davel5957 | Getty Images

Oregon

Median home price in 1940: $24,400
Median home price in 1980: $112,600
Median home price in 2000: $152,100

Downtown Portland, Oregon.
David Gn Photography | Getty Images

Pennsylvania

Median home price in 1940: $33,400
Median home price in 1980: $77,400
Median home price in 2000: $97,000

Zolashine/Getty Images

Rhode Island

Median home price in 1940: $40,000
Median home price in 1980: $92,600
Median home price in 2000: $133,000

Jamestown, Rhode Island
John Greim | Contributor | Getty Images

South Carolina

Median home price in 1940: $22,300
Median home price in 1980: $69,500
Median home price in 2000: $94,900

Rainbow Row, downtown Charleston, S.C.
Source: ExploreCharleston.com

South Dakota

Median home price in 1940: $16,800
Median home price in 1980: $72,400
Median home price in 2000: $79,600

Mount Rushmore in South Dakota, the fourth-best state for retirees.
EyeJoy | iStock | Getty Images Plus

Tennessee

Median home price in 1940: $19,000
Median home price in 1980: $70,500
Median home price in 2000: $93,000

Nashville, Tennessee
Davel5957 | Getty Images

Texas

Median home price in 1940: $17,600
Median home price in 1980: $77,400
Median home price in 2000: $82,500

A Houston METRORail light rail train in Downtown Houston.
Davel5957 | Getty Images

Utah

Median home price in 1940: $24,100
Median home price in 1980: $113,400
Median home price in 2000: $146,100

Salt Lake City, Utah.
Getty Images

Vermont

Median home price in 1940: $29,500
Median home price in 1980: $83,500
Median home price in 2000: $111,500

Montpelier, Vermont.
Sean Pavone Photo | Getty Images

Virginia

Median home price in 1940: $27,400
Median home price in 1980: $95,000
Median home price in 2000: $125,400

Richmond, Virginia
Richard Cummins | Getty Images

Washington

Median home price in 1940: $24,500
Median home price in 1980: $118,600
Median home price in 2000: $168,300

Seattle, Washington.
Getty Images

West Virginia

Median home price in 1940: $24,500
Median home price in 1980: $76,200
Median home price in 2000: $72,800

Harpers Ferry, West Virginia
Walter Bibikow | Getty Images

Wisconsin

Median home price in 1940: $33,600
Median home price in 1980: $96,200
Median home price in 2000: $112,200

Wausau, Wisconsin
Getty Images

Wyoming

Median home price in 1940: $22,600
Median home price in 1980: $118,400
Median home price in 2000: $96,600

Jackson Hole, Wyoming
WitGorski | Getty Images
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