![States where it costs the most to buy a home](https://housingandclimate.org/wp-content/uploads/2022/04/ten-states-cost-the-most.jpg)
Unfortunately, home prices are also extremely high right now, largely because of limited inventory and high demand due to those low mortgage rates. In fact, in June 2020, there were 18.2% fewer homes for sale compared with the prior year — and such a low inventory has driven the median price of existing homes up to $295,300. Here are the states where it costs the most to buy a home.