Slideshow 12 states where home buyers have the most purchasing power

Published
  • September 08 2017, 10:42am EDT
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Home prices can vary throughout a given state, driven largely by the geography of the state and its population centers. Here's a look at the 12 states where the combination of prices and wages offer home buyers the best bang for the buck.

The data, from the First American Real House Price Index, measures home price changes, taking local wages and mortgage rates into account "to better reflect consumers' purchasing power and capture the true cost of housing." The June 2017 data is ranked by RHPI value, where a reading of 100 is equal to conditions in January 2000.

No. 12: Indiana

Median Sales Price: $156,500*
Real Home Price Index: 66.7
Year-Over-Year RHPI Change: 7.2%
*Home price data from Indiana Association of Realtors

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No. 11: Missouri

Median Sales Price: $135,000
Real Home Price Index: 66.4
Year-Over-Year RHPI Change: 3.2%

No. 10: Louisiana

Median Sales Price: $179,000
Real Home Price Index: 66.3
Year-Over-Year RHPI Change: 8.1%

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No. 9: North Carolina

Median Sales Price: $190,000
Real Home Price Index: 66.3
Year-Over-Year RHPI Change: 6.2%

No. 8: New Hampshire

Median Sales Price: $244,933
Real Home Price Index: 62.7
Year-Over-Year RHPI Change: 6.0%

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No. 7: Oklahoma

Median Sales Price: $152,500
Real Home Price Index: 61.4
Year-Over-Year RHPI Change: 3.6%

No. 6: Arkansas

Median Sales Price: $154,000
Real Home Price Index: 61.1
Year-Over-Year RHPI Change: 2.5%

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No. 5: Iowa

Median Sales Price: $166,000
Real Home Price Index: 60.9
Year-Over-Year RHPI Change: 9.6%

No. 4: Alabama

Median Sales Price: $155,000
Real Home Price Index: 57.5
Year-Over-Year RHPI Change: 4.3%

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No. 3: Nebraska

Median Sales Price: $180,000
Real Home Price Index: 56.5
Year-Over-Year RHPI Change: 4.9%

No. 2: Kentucky

Median Sales Price: $166,500
Real Home Price Index: 55.6
Year-Over-Year RHPI Change: 6.1%

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No. 1: Ohio

Median Sales Price: $149,900
Real Home Price Index: 55.4
Year-Over-Year RHPI Change: 8.7%