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Key Takeaways
- The U.S. median residence value in Could was $440,000, in keeping with new knowledge from Realtor.com.
- With a median 30-year mortgage fee of seven.02% and 20% down, the everyday month-to-month fee was $2,347.
- Month-to-month mortgage prices differ sharply by metro—from a surprisingly reasonably priced $1,330 in Pittsburgh to a critically expensive $7,530 in San Jose, Calif.
- Tables under break down common mortgage funds throughout all 50 of the biggest U.S. metro areas.
The complete article continues under these provides from our companions.
Median Dwelling Costs Differ Sharply Throughout the Nation
The median residence itemizing value in Could was $440,000, in keeping with Realtor.com’s newest month-to-month report on the U.S. residence shopping for market. That is down simply barely from Could a yr in the past, when the median value was $442,500.
Could mortgage charges, in the meantime, are at the moment a bit elevated. In keeping with Zillow fee quotes for brand new buy mortgages, the typical 30-year fee throughout Could was 7.02%, vs. 6.94% in April.
Assuming a 20% down fee and the Could averages above, the nationwide common month-to-month mortgage fee (principal and curiosity solely) is $2,347.
Common Funds Vary from Below $1,400 to Over $7,000
In fact, residence costs and mortgage charges differ by state and market, so the mortgage funds of somebody in Pittsburgh will likely be wildly totally different from these of a home-owner within the Bay Space. Listed below are some key Could findings from our evaluation of the 50 largest metros:
- The 4 costliest markets have been all in California, with the San Jose space topping the listing at a $7,530 common month-to-month fee.
- The best-cost metro exterior of California was once more Boston, at $4,690 per 30 days, adopted by Seattle at $4,253 and New York at $4,157.
- Pittsburgh earns “most reasonably priced” honors, with the typical mortgage fee coming in at simply $1,330 in Could. Higher Detroit is available in second at $1,440.
To check all 50 metropolitan areas, we have listed the median residence costs, common Could mortgage charges, and typical month-to-month funds under, organized by area.
The Northeast
| Metro Space | Median Dwelling Value (Could 2025) | Common 30-12 months Mortgage Price (Could 2025) | Could Month-to-month Fee With 20% Down |
|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH | $879,000 | 7.03% | $4,690 |
| New York-Newark-Jersey Metropolis, NY-NJ | $795,000 | 6.83% | $4,157 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $634,900 | 7.08% | $3,407 |
| Windfall-Warwick, RI-MA | $595,000 | 7.06% | $3,187 |
| Hartford-West Hartford-East Hartford, CT | $469,450 | 7.03% | $2,507 |
| Baltimore-Columbia-Towson, MD | $399,999 | 7.06% | $2,142 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $385,000 | 7.00% | $2,049 |
| Buffalo-Cheektowaga, NY | $299,900 | 6.83% | $1,568 |
| Pittsburgh, PA | $249,900 | 7.00% | $1,330 |
The South
| Metro Space | Median Dwelling Value (Could 2025) | Common 30-12 months Mortgage Price (Could 2025) | Could Month-to-month Fee With 20% Down |
|---|---|---|---|
| Nashville-Davidson–Murfreesboro–Franklin, TN | $548,950 | 7.00% | $2,923 |
| Austin-Spherical Rock-San Marcos, TX | $525,000 | 6.98% | $2,790 |
| Miami-Fort Lauderdale-West Palm Seashore, FL | $510,000 | 6.98% | $2,710 |
| Richmond, VA | $460,000 | 7.03% | $2,456 |
| Raleigh-Cary, NC | $456,695 | 6.99% | $2,429 |
| Charlotte-Harmony-Gastonia, NC-SC | $450,000 | 6.99% | $2,394 |
| Dallas-Fort Price-Arlington, TX | $440,000 | 6.98% | $2,338 |
| Orlando-Kissimmee-Sanford, FL | $429,900 | 6.98% | $2,284 |
| Atlanta-Sandy Springs-Roswell, GA | $419,900 | 7.01% | $2,237 |
| Tampa-St. Petersburg-Clearwater, FL | $417,500 | 6.98% | $2,218 |
| Virginia Seashore-Chesapeake-Norfolk, VA-NC | $415,000 | 7.03% | $2,216 |
| Jacksonville, FL | $405,000 | 6.98% | $2,152 |
| Houston-Pasadena-The Woodlands, TX | $372,500 | 6.98% | $1,980 |
| Memphis, TN-MS-AR | $350,000 | 7.00% | $1,864 |
| San Antonio-New Braunfels, TX | $340,000 | 6.98% | $1,807 |
| Oklahoma Metropolis, OK | $329,875 | 7.05% | $1,764 |
| Louisville/Jefferson County, KY-IN | $326,990 | 7.03% | $1,746 |
| Birmingham, AL | $299,900 | 7.03% | $1,601 |
The Midwest
| Metro Space | Median Dwelling Value (Could 2025) | Common 30-12 months Mortgage Price (Could 2025) | Could Month-to-month Fee With 20% Down |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $446,000 | 7.03% | $2,381 |
| Kansas Metropolis, MO-KS | $410,073 | 7.03% | $2,190 |
| Milwaukee-Waukesha, WI | $399,500 | 7.04% | $2,136 |
| Grand Rapids-Wyoming-Kentwood, MI | $399,900 | 7.02% | $2,133 |
| Columbus, OH | $389,900 | 7.03% | $2,081 |
| Chicago-Naperville-Elgin, IL-IN | $379,900 | 7.04% | $2,029 |
| Cincinnati, OH-KY-IN | $354,975 | 7.03% | $1,895 |
| Indianapolis-Carmel-Greenwood, IN | $331,500 | 7.03% | $1,770 |
| St. Louis, MO-IL | $299,900 | 7.03% | $1,602 |
| Cleveland, OH | $275,000 | 7.03% | $1,468 |
| Detroit-Warren-Dearborn, MI | $270,000 | 7.02% | $1,440 |
The West
| Metro Space | Median Dwelling Value (Could 2025) | Common 30-12 months Mortgage Price (Could 2025) | Could Month-to-month Fee With 20% Down |
|---|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $1,419,500 | 6.97% | $7,530 |
| Los Angeles-Lengthy Seashore-Anaheim, CA | $1,195,000 | 6.97% | $6,340 |
| San Francisco-Oakland-Fremont, CA | $998,800 | 6.97% | $5,299 |
| San Diego-Chula Vista-Carlsbad, CA | $995,000 | 6.97% | $5,279 |
| Seattle-Tacoma-Bellevue, WA | $799,000 | 7.00% | $4,253 |
| Sacramento-Roseville-Folsom, CA | $639,000 | 6.97% | $3,390 |
| Portland-Vancouver-Hillsboro, OR-WA | $610,707 | 7.02% | $3,258 |
| Denver-Aurora-Centennial, CO | $600,000 | 7.01% | $3,197 |
| Riverside-San Bernardino-Ontario, CA | $600,000 | 6.97% | $3,183 |
| Phoenix-Mesa-Chandler, AZ | $525,000 | 7.03% | $2,803 |
| Las Vegas-Henderson-North Las Vegas, NV | $484,999 | 7.06% | $2,597 |
| Tucson, AZ | $398,000 | 7.03% | $2,125 |
How We Observe Mortgage Charges
The nationwide and state averages cited above are offered as is by way of the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down fee of not less than 20%) and an applicant credit score rating within the 680–739 vary. The ensuing charges signify what debtors ought to count on when receiving quotes from lenders based mostly on their {qualifications}, which can differ from marketed teaser charges. © Zillow, Inc., 2025. Use is topic to the Zillow Phrases of Use.
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