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Key Takeaways
- Realtor.com stories that U.S. median dwelling costs rose final month, with March asking costs averaging $424,900. That is up $12,900 from February’s median worth.
- Offering solely minor aid for dwelling consumers, 30-year mortgage charges slipped in March, with charges averaging 6.73% vs. 6.77% in February.
- Assuming a 20% down fee, that interprets right into a nationwide common mortgage fee of $2,200 in February.
- California metros proceed to be the priciest, with the typical month-to-month fee within the San Jose market being $7,162. In the meantime, larger Pittsburgh has the bottom common fee at $1,234.
- Eleven of the 50 largest metros noticed their common month-to-month fee fall in March. You possibly can see averages for each market in our tables beneath.
The complete article continues beneath these affords from our companions.
Median House Costs Rose, Whereas Mortgage Charges Dipped
For a second consecutive month, median dwelling costs in America rose in March. Based on Realtor.com’s newest month-to-month report on the U.S. dwelling shopping for market, March’s median dwelling worth was $424,900. That is up $12,900 from February. But it surely’s nonetheless about $20,000 cheaper than the June 2024 median of $445,000.
March mortgage charges in the meantime got here down, however solely barely. Based on Zillow charge quotes for brand spanking new buy mortgages, the typical 30-year charge throughout March was 6.73%—down a gentle 4 foundation factors from February’s 6.77% common charge.
Assuming a 20% down fee, the upper home costs charges in March resulted in a nationwide common month-to-month mortgage fee (principal and curiosity solely) that was $58 costlier than the standard February fee. However the month-to-month improve would have been a lot worse had mortgage charges additionally climbed in March.
Month-to-month Funds Range Broadly Throughout the Nation
In fact, dwelling costs and mortgage charges fluctuate by state and market, so mortgage funds for somebody in Pittsburgh might be wildly completely different than for somebody shopping for within the Bay Space. Listed here are some key March findings from our evaluation of the 50 largest metros:
- The 4 most costly markets have been all in California, with the San Jose space topping the record at a $7,162 common month-to-month fee.
- The best-cost metro outdoors of California was once more Boston, at $4,502 per thirty days, adopted by New York at $4,009 and Seattle at $3,876.
- Pittsburgh as soon as once more earns “most inexpensive” honors, with the typical mortgage fee coming in at $1,234 in March. Larger Detroit is available in second at $1,270.
- The common fee declined in 11 of the 50 largest metros in March, with the Miami space having fun with the largest month-to-month lower at $22.
To match all 50 metropolitan areas, we have listed the median dwelling costs, common March mortgage charge, and typical month-to-month funds beneath, organized by area.
The Northeast
| Metro Space | Median House Value (Mar 2025) | Common 30-Yr Mortgage Price (Mar 2025) | March Month-to-month Cost With 20% Down | Change vs. Feb 2025 |
|---|---|---|---|---|
| Boston-Cambridge-Newton, Mass.-N.H. | $869,000 | 6.73% | $4,502 | $134 |
| New York-Newark-Jersey Metropolis, N.Y.-N.J. | $780,000 | 6.66% | $4,009 | $82 |
| Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. | $604,900 | 6.82% | $3,160 | $129 |
| Windfall-Warwick, R.I.-Mass. | $549,900 | 6.78% | $2,861 | $74 |
| Hartford-West Hartford-East Hartford, Conn. | $449,900 | 6.75% | $2,335 | $77 |
| Baltimore-Columbia-Towson, Md. | $374,900 | 6.79% | $1,953 | $130 |
| Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. | $359,000 | 6.70% | $1,854 | $34 |
| Buffalo-Cheektowaga, N.Y. | $260,000 | 6.66% | $1,336 | $56 |
| Pittsburgh, Pa. | $239,000 | 6.70% | $1,234 | $44 |
The South
| Metro Space | Median House Value (Mar 2025) | Common 30-Yr Mortgage Price (Mar 2025) | March Month-to-month Cost With 20% Down | Change vs. Feb 2025 |
|---|---|---|---|---|
| Nashville-Davidson-Murfreesboro-Franklin, Tenn. | $535,000 | 6.71% | $2,766 | $13 |
| Miami-Fort Lauderdale-West Palm Seaside, Fla. | $512,000 | 6.68% | $2,638 | -$22 |
| Austin-Spherical Rock-San Marcos, Texas | $510,000 | 6.71% | $2,635 | $40 |
| Raleigh-Cary, N.C. | $445,000 | 6.71% | $2,299 | $36 |
| Richmond, Va. | $444,900 | 6.75% | $2,308 | $69 |
| Charlotte-Harmony-Gastonia, N.C.-S.C. | $425,000 | 6.71% | $2,196 | $18 |
| Dallas-Fort Price-Arlington, Texas | $423,503 | 6.71% | $2,188 | $25 |
| Orlando-Kissimmee-Sanford, Fla. | $419,800 | 6.68% | $2,163 | -$1 |
| Atlanta-Sandy Springs-Roswell, Ga. | $400,000 | 6.73% | $2,071 | -$3 |
| Virginia Seaside-Chesapeake-Norfolk, Va.-N.C. | $399,966 | 6.75% | $2,075 | $29 |
| Tampa-St. Petersburg-Clearwater, Fla. | $399,900 | 6.68% | $2,060 | -$1 |
| Jacksonville, Fla. | $399,000 | 6.68% | $2,056 | $51 |
| Houston-Pasadena-The Woodlands, Texas | $365,000 | 6.71% | $1,886 | $24 |
| San Antonio-New Braunfels, Texas | $334,990 | 6.71% | $1,731 | $30 |
| Memphis, Tenn.-Miss.-Ark. | $334,000 | 6.71% | $1,727 | $21 |
| Louisville/Jefferson County, Ky.-Ind. | $320,000 | 6.72% | $1,655 | $41 |
| Oklahoma Metropolis, Okla. | $317,950 | 6.76% | $1,651 | $9 |
| Birmingham, Ala. | $285,000 | 6.74% | $1,478 | -$8 |
The Midwest
| Metro Space | Median House Value (Mar 2025) | Common 30-Yr Mortgage Price (Mar 2025) | March Month-to-month Cost With 20% Down | Change vs. Feb 2025 |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, Minn.-Wis. | $445,900 | 6.75% | $2,314 | $47 |
| Kansas Metropolis, Mo.-Kan. | $395,500 | 6.75% | $2,052 | $75 |
| Grand Rapids-Wyoming-Kentwood, Mich. | $385,000 | 6.74% | $1,995 | -$7 |
| Milwaukee-Waukesha, Wis. | $375,000 | 6.76% | $1,948 | -$5 |
| Chicago-Naperville-Elgin, Sick.-Ind. | $360,000 | 6.75% | $1,868 | $49 |
| Columbus, Ohio | $360,000 | 6.74% | $1,865 | $43 |
| Cincinnati, Ohio-Ky.-Ind. | $335,000 | 6.74% | $1,736 | $42 |
| Indianapolis-Carmel-Greenwood, Ind. | $315,000 | 6.74% | $1,634 | $71 |
| St. Louis, Mo.-Sick. | $289,900 | 6.75% | $1,504 | $62 |
| Cleveland, Ohio | $249,000 | 6.74% | $1,290 | $30 |
| Detroit-Warren-Dearborn, Mich. | $245,000 | 6.74% | $1,270 | $21 |
The West
| Metro Space | Median House Value (Mar 2025) | Common 30-Yr Mortgage Price (Mar 2025) | March Month-to-month Cost With 20% Down | Change vs. Feb 2025 |
|---|---|---|---|---|
| San Jose-Sunnyvale-Santa Clara, Calif. | $1,388,944 | 6.69% | $7,162 | $410 |
| Los Angeles-Lengthy Seaside-Anaheim, Calif. | $1,179,000 | 6.69% | $6,080 | $288 |
| San Diego-Chula Vista-Carlsbad, Calif. | $950,000 | 6.69% | $4,899 | -$18 |
| San Francisco-Oakland-Fremont, Calif. | $950,000 | 6.69% | $4,899 | $241 |
| Seattle-Tacoma-Bellevue, Wash. | $750,000 | 6.71% | $3,876 | $49 |
| Sacramento-Roseville-Folsom, Calif. | $625,000 | 6.69% | $3,223 | $19 |
| Riverside-San Bernardino-Ontario, Calif. | $599,999 | 6.69% | $3,094 | -$9 |
| Portland-Vancouver-Hillsboro, Ore.-Wash. | $599,900 | 6.73% | $3,105 | $49 |
| Denver-Aurora-Centennial, Colo. | $585,000 | 6.72% | $3,025 | $55 |
| Phoenix-Mesa-Chandler, Ariz. | $520,000 | 6.73% | $2,694 | $14 |
| Las Vegas-Henderson-North Las Vegas, Nev. | $469,945 | 6.76% | $2,441 | -$6 |
| Tucson, Ariz. | $399,000 | 6.73% | $2,067 | $6 |
How We Observe Mortgage Charges
The nationwide and state averages cited above are supplied as is through the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down fee of at the very least 20%) and an applicant credit score rating within the 680–739 vary. The ensuing charges characterize what debtors ought to count on when receiving quotes from lenders based mostly on their {qualifications}, which can fluctuate from marketed teaser charges. © Zillow, Inc., 2025. Use is topic to the Zillow Phrases of Use.
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