The cost of luxury real estate in every state

With real estate prices on the rise, some people wonder if buying a luxury home is even worth it. Luxury real estate is a personal financial decision, but if you’re looking at it as an investment and not just a home, you should compare costs across the U.S. According to JP Morgan Private Bank, changing mortgage rates have not affected the luxury real estate market, but changes in individuals’ net worth have a big impact on the value of luxury real estate.

Check this out: In less than a year, you’ll regret not buying property in these 20 real estate markets

Try this: 5 subtly genius things all rich people do with their money

GOBankingRates compiled data from across the U.S. to examine the wide range of luxury home prices. Here are the values ​​of “top-tier” homes in each state, ranked from highest to lowest price.

California

Read more: 7 types of homes expected to increase in value by the end of 2025

Trending now: The minimum salary you need to buy a home in all 50 states in 2024

Wealthy people know the best money secrets. Learn how to copy them.

Hawaii

Warning: I am a real estate agent: These 5 cities in Florida are becoming unaffordable

Washington, DC

Massachusetts

Washington

new York

Find out: The 5 worst cities in Florida to buy property in the next 5 years, according to real estate agents

Colorado

New Jersey

Montana

Utah

Learn more: 5 types of homes expected to drop in value by the end of 2025

Oregon

Rhode Island

Idaho

Virginia

For you: 5 key signs that your home value could skyrocket in 2024

New Hampshire

Florida

Arizona

Connecticut

Discover more: The 20 best cities to buy a house for under $100,000

Maryland

Maine

Nevada

Vermont

Read more: Top 3 Florida Cities to Buy Property in the Next 5 Years, According to Real Estate Agents

Wyoming

Delaware

North Carolina

Georgia

The story goes on

Learn more: Real estate market 2024: Real estate prices are falling in 10 formerly overpriced real estate markets

Tennessee

Texas

South Carolina

Alaska

Check out: The 10 worst cities to buy property in the next 5 years, according to real estate agents

Minnesota

South Dakota

New Mexico

Wisconsin

Read more: I’m a real estate agent: These 5 cities in Arizona will soon be unaffordable

Pennsylvania

Illinois

Nebraska

Michigan

Learn more: I’m a real estate expert: 8 overvalued boomtowns during the pandemic whose value could soon drop

Kansas

Missouri

North Dakota

Alabama

Find out: 10 dangerous cities where you should never buy a house

Ohio

Indiana

Iowa

Arkansas

Trending now: I’m an economist: Here’s my prediction for the real estate market if Trump wins the election

Kentucky

Oklahoma

Louisiana

Mississippi

Learn more: How much income is needed to be in the top 1% in all 50 states

West Virginia

Methodology: These are the “top tier” home values ​​in each state as of May 2024. Top tier is defined by Zillows as “the typical value for homes in the 65th to 95th percentile range for a given area.”“

More from GOBankingRates

This article originally appeared on GOBankingRates.com: The Cost of Luxury Homes in Every State