According to Information Provided by Zillow and Redfin, Which U.S. States Have the Most Expensive Suburbs?

“The most significant increases in property values during the past 12 months have been recorded in the Texas towns of Coupland and Bear Creek, both of which are located within the Austin metropolitan region. Hungry Horse, Montana, and Whitefish, Montana, all of which are located in the Kalispell area, come in close second and third, respectively “An economist working for Zillow, Nicole Bachaud, made this statement.

However, when it comes to the most expensive suburb, the obvious victor is the coastal enclave of Montecito, California, which is located in the state of California. In March of this year, the typical transaction price of a home there was more than $5 million. According to data provided by Zillow, the median value of a property in the state of California was $758,360 in 2017, placing it in second place among all states in the country for greatest value. The District of Columbia ranked third with a median house worth of $703,116, which was significantly lower than Hawaii's $842,487, which was the state with the highest median home value.

But now, for the first time, economists are beginning to notice symptoms of a slowdown. According to Redfin's data, fewer people are searching online for homes for sale now compared to the same period last year as mortgage rates have risen beyond 5 percent.

“In addition to that, we are witnessing an ever-increasing number of vendors that are lowering their pricing. After a housing market frenzy that lasted for more than 18 months, these are all signs that the market is beginning to calm down “The top economist at Redfin, Daryl Fairweather, made this statement. “There is still a lot more demand for housing than there is supply, but these early indicators of a downturn imply that sellers can no longer overprice their home.” [There is] “still considerably more demand for housing than there is supply.”

Following that, without further ado, here is a rundown of the most expensive suburbs in each of the 50 states of the United States, as determined by the median sale price value, based on data provided by Redfin and Zillow.

The allure of a life lived in the suburbs has never been stronger. More and more people in the United States are deciding to leave large cities and relocate to more rural areas, where they may find larger homes, better schools, and a more laid-back way of life as a result of the COVID-19 pandemic and the growing popularity of working remotely. Because of this, as well as the historically low interest rates on mortgages, there has been an unprecedented demand for single-family houses in certain communities all over the country. This, in turn [phrazle](https://phrazle.co), has led to home prices reaching all-time highs. "The most significant increases in property values during the past 12 months have been recorded in the Texas towns of Coupland and Bear Creek, both of which are located within the Austin metropolitan region. Hungry Horse, Montana, and Whitefish, Montana, all of which are located in the Kalispell area, come in close second and third, respectively "An economist working for Zillow, Nicole Bachaud, made this statement. However, when it comes to the most expensive suburb, the obvious victor is the coastal enclave of Montecito, California, which is located in the state of California. In March of this year, the typical transaction price of a home there was more than $5 million. According to data provided by Zillow, the median value of a property in the state of California was $758,360 in 2017, placing it in second place among all states in the country for greatest value. The District of Columbia ranked third with a median house worth of $703,116, which was significantly lower than Hawaii's $842,487, which was the state with the highest median home value. But now, for the first time, economists are beginning to notice symptoms of a slowdown. According to Redfin's data, fewer people are searching online for homes for sale now compared to the same period last year as mortgage rates have risen beyond 5 percent. "In addition to that, we are witnessing an ever-increasing number of vendors that are lowering their pricing. After a housing market frenzy that lasted for more than 18 months, these are all signs that the market is beginning to calm down "The top economist at Redfin, Daryl Fairweather, made this statement. "There is still a lot more demand for housing than there is supply, but these early indicators of a downturn imply that sellers can no longer overprice their home." [There is] "still considerably more demand for housing than there is supply." Following that, without further ado, here is a rundown of the most expensive suburbs in each of the 50 states of the United States, as determined by the median sale price value, based on data provided by Redfin and Zillow.

#1 According to Information Provided by Zillow and Redfin, Which U.S. States Have the Most Expensive Suburbs?