In pricier states, land is both hard to come by and not always zoned for residential use. This significantly impacts the affordability of homes, particularly in urban areas where the demand is high.
Despite having the second-lowest average personal income in the country, West Virginia boasts the highest homeownership rate in the U.S. at 77%, highlighting the stark contrast with wealthier states.
Restrictive zoning laws in major cities are being reexamined by both Democrats and Republicans, driven by a housing crisis that makes both buying and renting increasingly unattainable for many Americans.
In affluent states like Massachusetts, the high cost of real estate is apparent, as a median budget may barely buy a small studio apartment, in stark contrast to the rural property market.
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