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Hawaii -

Typical home price: US$971,167
Median household income percentage of home value: 10%
Overall picture: The most expensive state to buy a property. The income-to-home-value ratio reflects that even the higher-than-median incomes in Hawaii can't close the gap of the cost of a typical, single-family home.

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California -

Typical home price: US$760,526
Median household income percentage of home value: 12%
Overall picture: Median home prices in California are typically the second most expensive in the US. Even though residents generally make 22% more than the national median, the income-to-home-value ratio is the second lowest.

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District of Colombia -

Typical home price: US$722,619
Median household income percentage of home value: 14%
Overall picture: Even though the median income is 35% above the national median, the income-to-home-value ratio is the third lowest. Home values are the third highest in the nation.

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Massachusetts -

Typical home price: US$607,770
Median household income percentage of home value: 15%
Overall picture: Massachusetts has among the lowest income-to-home-value ratios in the country, even though incomes in the state are 26% higher than the national median.

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Washington -

Typical home price: US$585,767 
Median household income percentage of home value: 16%
Overall picture: Typical house prices are the fifth highest in the country in Washington. The income-to-home-value median is the lowest in the country, even though incomes are generally higher than the national median.

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Colorado -

Typical home price: US$548,012
Median household income percentage of home value: 16%
Overall picture: The median price of a home in Colorado is the sixth highest in the US. Although median incomes are above the national median, the income-to-home-value ratio is also the sixth lowest.

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Utah -

Typical home price: US$518,938
Median household income percentage of home value: 17%
Overall picture: Utah is relatively unaffordable, with house values the seventh highest in the country. Even with a median income that's 19% higher than the national median, it's difficult to close the gap here.

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New Jersey -

Typical home price: US$507,923
Median household income percentage of home value: 19%
Overall picture: Despite higher than-average median salaries, the high cost of a typical single-family home in New Jersey makes it less affordable.

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Oregon -

Typical home price: US$501,513
Median household income percentage of home value: 15%
Overall picture: Oregon has the ninth highest home values in the US while the median salary is just 1% higher there, making affordability a real concern for many.

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New Hampshire -

Typical home price: US$470,958
Median household income percentage of home value: 19%
Overall picture: The below-average income-to-home-value ratio in New Hampshire reflects the fact the typical home price in the state is an expensive US$470,958.

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Montana -

Typical home price: US$454,673
Median household income percentage of home value: 15%
Overall picture: In Montana, the income-to-home-value ratio is one of the lowest, as median incomes are 10% lower while home prices are typically 30% more expensive.

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Rhode Island -

Typical home price: US$444,716 
Median household income percentage of home value: 18%
Overall picture: The median income in Rhode Island is only 9% above the national median, while house values are higher than what's typical, making it less affordable to purchase here.

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Idaho -

Typical home price: US$444,451
Median household income percentage of home value: 16%
Overall picture: The median income in Idaho is 3% lower than the national median, while the typical Idaho house is 27% higher, making it a less affordable state.

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Nevada -

Typical home price: US$432,527
Median household income percentage of home value: 17%
Overall picture: The average salary in Nevada is just below the national median while typical house values are 24% above the typical US home price, making affordability a concern in Nevada.

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Arizona -

Typical home price: US$430,577
Median household income percentage of home value: 17%
Overall picture: It's expensive to buy a home in Arizona, as prices are generally 23% higher while wages here are aligned to the national median.

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New York -

Typical home price: US$425,011
Median household income percentage of home value: 19%
Overall picture: The income-to-home-value ratio in New York is low, as although wages are slightly higher (6%) than the median nationally, houses are valued at 121% of the typical US home value.

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Maryland -

Typical home price: US$418,269
Median household income percentage of home value: 23%
Overall picture: Salaries in Maryland are around 27% higher than the national median, slightly offsetting the 19% higher typical home price.

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Florida -

Typical home price: US$407,218
Median household income percentage of home value: 17%
Overall picture: There is a low income-to-home-value ratio in Florida, where salaries are 7% lower than the national median but house prices are typically 16% higher, making it one of the less affordable states.

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Connecticut -

Typical home price: US$405,050
Median household income percentage of home value: 22%
Overall picture: The high income-to-home-value ratio in Connecticut makes homes more affordable there, despite homes costing typically 16% more than the national median.

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Vermont -

Typical home price: US$397,388
Median household income percentage of home value: 19%
Overall picture: Vermont has average affordability, with home prices that sit 10% above the typical national home price, and median household incomes that are slightly above the national median.

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Maine -

Typical home price: US$385,874
Median household income percentage of home value: 18%
Overall picture: The income-to-home-value ratio is lower in Maine, where salaries are 7% below the national median, while the typical cost of a single-family home is high.

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Virginia -

Typical home price: US$377,498
Median household income percentage of home value: 23%
Overall picture: The income-to-home-value ratio is average in Virginia, where home values and incomes are 8% higher than the median. 

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Delaware -

Typical home price: US$370,761
Median household income percentage of home value: 22%
Overall picture: Despite homes being valued 6% higher than the national median, the median salary is 10% higher in the state which helps to offset this.

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Alaska -

Typical home price: US$369,997
Median household income percentage of home value: 24%
Overall picture: Although homes in Alaska are priced 6% higher than the typical national price, the median income is 18% higher than the national median, which offsets the figure. 

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Wyoming -

Typical home price: US$339,601
Median household income percentage of home value: 21%
Overall picture: Wyoming has a slightly below-average income-to-home-value ratio, with home prices on par with the typical national price, but incomes slightly lower than the national average. 

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Minnesota -

Typical home price: US$336,351
Median household income percentage of home value: 24%
Overall picture: Houses in Minnesota are relatively affordable, thanks to a 10% higher national median income and house prices 4% lower than what's typical.

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North Carolina -

Typical home price: US$321,908 
Median household income percentage of home value: 21%
Overall picture: While home prices are slightly lower in North Carolina, the median income is also slightly below average, giving it a low income-to-home-value ratio.

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Georgia -

Typical home price: US$320,091
Median household income percentage of home value: 23%
Overall picture: Georgia homes are slightly less expensive than the mean average, however, the below-mean income means they aren't more affordable for Georgia residents. 

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Tennessee -

Typical home price: US$310,132
Median household income percentage of home value: 21%
Overall picture: The median household income in Tennessee is 87% of the national median, which offsets low housing costs for a below-average home-to-income-value ratio.

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Texas -

Typical home price: US$303,414
Median household income percentage of home value: 24%
Overall picture: The home price in Texas is 13% below the typical home price nationally, while the median income is 96% of the national median, making income-to-home-values slightly above average here.

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South Dakota -

Typical home price: US$297,804
Median household income percentage of home value: 23%
Overall picture: Houses are relatively affordable in South Dakota, where the median income is slightly lower than the national median, while home values are typically 15% lower.

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Wisconsin -

Typical home price: US$296,580
Median household income percentage of home value: 24%
Overall picture: The income-to-home-value is above average in Wisconsin, where median incomes are near the national median and family homes are typically valued below the median.

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New Mexico -

Typical home price: US$293,540
Median household income percentage of home value: 20%
Overall picture: While typical house prices in New Mexico are lower, the low income-to-home-value ratio in the state raises concerns about affordability.

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South Carolina -

Typical home price: US$287,956
Median household income percentage of home value: 22%
Overall picture: Income-to-home-value ratios are average in South Carolina, where both income rates and house prices are in line with the national median.

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North Dakota -

Typical home price: US$261,931
Median household income percentage of home value: 27%
Overall picture: There is a solid income-to-home-value ratio in North Dakota, where typical house prices are lower and the average salary sits close to the national median.

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Pennsylvania -

Typical home price: US$257,912
Median household income percentage of home value: 28%
Overall picture: The median household income in Pennsylvania is almost even with the national median, while the typical home is 74% of the national value making Pennsylvania a relatively affordable state.

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Illinois -

Typical home price: US$255,659
Median household income percentage of home value: 30%
Overall picture: Homes in Illinois are typically priced below the national typical price, while median salaries are slightly higher, making the state a more affordable option overall.

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Nebraska -

Typical home price: US$254,636
Median household income percentage of home value: 27%
Overall picture: With prices just 73% of the typical US home value, the income-to-home-value ratio is high in Nebraska.

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Missouri -

Typical home price: US$240,129
Median household income percentage of home value: 27%
Overall picture: Even though the median income is 13% below the national, there's a high income-to-home-value ratio in Missouri where houses are valued at 69% of what's typical nationwide.

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Michigan -

Typical home price: US$235,236
Median household income percentage of home value: 28%
Overall picture: Low home values and salaries that are close to the national median make Michigan a more affordable state to buy a home.

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Indiana -

Typical home price: US$233,554
Median household income percentage of home value: 29%
Overall picture: House prices in Indiana are typically valued 33% lower, helping to make up for the 11% lower median salary rates in the state.

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Alabama -

Typical home price: US$220,659 
Median household income percentage of home value: 27%
Overall picture: In Alabama, house prices are relatively affordable. Home values are the ninth lowest in the country, and offset household incomes that are 80% of the national median.

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Ohio -

Typical home price: US$220,031
Median household income percentage of home value: 30%
Overall picture: Home values in Ohio are the ninth lowest in the country. Median household incomes are 88% of the national average, giving it the ninth highest income-to-home-value ratio.

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Kansas -

Typical home price: US$219,578
Median household income percentage of home value: 31%
Overall picture: Kansas has a high income-to-house-value ration, with the typical house prices being some of the most affordable in the country.

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Iowa -

Typical home price: US$216,265 
Median household income percentage of home value: 32%
Overall picture: In Iowa, salaries are just 7% below the national median, while house prices are typically 62% lower, giving it the second highest income-to-home-value ratio in the nation.

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Louisiana -

Typical home price: US$201,639
Median household income percentage of home value: 28%
Overall picture: Although the median income in Louisiana is 26% lower than the national, a typical single-family home costs 58% less, giving it a high income-to-home-value ratio.

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Oklahoma -

Typical home price: US$199,559
Median household income percentage of home value: 30%
Overall picture: Although the median income is only 80% of the national median, house prices are 57% of the typical US home value in Oklahoma, making it among one the most affordable states.

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Arkansas -

Typical home price: US$198,511
Median household income percentage of home value: 28%
Overall picture: Arkansas' typical house prices are the third lowest in the country. Although the median income is 26% lower than the national median, the income-to-home value ratio is one of the best in the country.

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Kentucky -

Typical home price: US$197,627
Median household income percentage of home value: 30%
Overall picture: Even though the household median income is 21% lower in Kentucky, house prices are 42% lower giving it a high income-to-home-value ratio.

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Mississippi -

Typical home price: US$176,725
Median household income percentage of home value: 30%
Overall picture: The second lowest typical home prices in the country are found in Mississippi, and despite median incomes being 71% of the national median, the income-to-home-value ratio is the seventh highest in the country.

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West Virginia -

Typical home price: US$158,172
Median household income percentage of home value: 34%
Overall picture: The income-to-house-value ratio in West Virginia is the highest in the country, as typical house prices cost 45% of the national typical price. It's the most affordable state to buy a home.

Sources: (The Motley Fool) (Zillow Home Value Index)

See also: Why is the housing market so expensive?

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